Topic
strikes
Commodities Crude Oil Futures Fall Despite Intensified US-Iran Strikes in West Asia
Crude oil futures fell on Thursday despite ongoing US-Iran military strikes. October Brent dropped to $87.27, while WTI slipped to $83.72. The EIA reported a 7.2 million barrel decline in US crude inventories.
Commodities Crude Oil Futures Rise as Trump Threatens Strikes on Iran's Energy Targets
Crude oil futures traded higher on Wednesday after US President Donald Trump threatened to strike energy targets in Iran. September Brent rose 0.93% to $85.52 and August WTI gained 0.66% to $79.86 on geopolitical supply disruption fears. Trump's comments follow ongoing attacks between US and Iranian forces in West Asia.
Commodities Crude Oil Futures Gain on Reports of Iranian Strikes on US Military Targets in West Asia
Crude oil futures gained on Friday morning following reports of Iranian armed forces launching attacks on US military infrastructure in West Asia. At 9:36 am, September Brent oil futures were at $76.64, up 0.45%, and August WTI crude oil futures at $72.40, up 0.44%. The escalation follows recent US strikes on Iranian targets, including approximately 90 military assets on July 8 and 80 on July 7, in response to attacks on commercial shipping in the Strait of Hormuz.
Commodities Crude Oil Futures Surge as US Strikes Iran and Revokes Oil Sales Waiver
Crude oil futures traded sharply higher on Wednesday following US military strikes on Iran and revocation of a waiver allowing Iranian oil sales. September Brent rose 2.56% to $76.06/barrel, while August WTI gained 2.51% to $72.21. The US struck over 80 targets in Iran after Iranian attacks on commercial vessels in the Strait of Hormuz, and revoked a temporary licence for Iranian oil exports, heightening geopolitical risk.
Logistics Strait of Hormuz Security Collapses as US and Iran Trade Fresh Military Strikes
The 14-point ceasefire for the Strait of Hormuz collapsed over the weekend as US and Iranian forces exchanged strikes following drone attacks on two commercial vessels. The Panama-flagged tanker Kiku and containership Ever Lovely were hit, with Iran threatening stricter routing enforcement. Oman has proposed an alternative corridor, but shipping through the strait is unlikely to return to pre-conflict arrangements.
Commodities Gold whipsaws in choppy trading as US completes new Iran strikes, Strait of Hormuz closed
Gold experienced sharp swings after the US completed fresh strikes against Iran, which prompted Tehran to close the Strait of Hormuz to all vessels. Bullion rose as much as 1.1% after an earlier drop near $4,000/oz, while US inflation accelerated to 4.2% year-over-year in May, driven by war-induced energy costs. Trade executives face heightened uncertainty over shipping routes and inflation.
Commodities Oil Prices Jump After Iran Missile Strikes Test Fragile Ceasefire with Israel
Oil prices climbed on Monday morning after Iran fired missiles at Israel for the first time since a fragile ceasefire was agreed in April. Brent crude jumped 2.6% to $95.50 a barrel, while US crude rose 2.5% to $92.75. The strikes threaten to further disrupt oil and gas shipments through the Strait of Hormuz.
Commodities Oil Prices Surge Amid Israel-Lebanon Tensions
Oil prices increased by over $2 per barrel following renewed Israeli strikes on Lebanon, escalating Middle East tensions. This development threatens crude flows through the Strait of Hormuz, a critical chokepoint for global oil supply.