Topic
supply fears
Commodities Crude Prices Climb Over 4% as Renewed Middle East Tensions and Inventory Draw Fuel Supply Fears
Oil prices rebounded sharply on Wednesday, with Brent crude climbing 4.41% to $87.80 per barrel and WTI gaining 4.23% to $82.61. Renewed Middle East tensions, particularly around the Strait of Hormuz, and a 3.3 million barrel draw in US crude inventories reversed the previous session's steep decline.
Commodities Oil prices fall as US-Iran pause eases supply fears; Brent crude slips below $93
Oil prices fell in early trading Sunday, with Brent crude dropping 4.9% to $92.02, after the United States and Iran refrained from launching military strikes for a second straight day. The decline follows a 3.9% drop on Friday. US benchmark oil also fell 5.6% to $84.34. The brief easing of Middle East tensions comes after prices surged to a two-month high of $102 per barrel last week amid concerns over shipping through the Strait of Hormuz and attacks on Saudi tankers in the Red Sea.
Commodities Brent crude tops $100 a barrel as West Asia conflict fuels oil supply fears
Brent crude oil briefly topped $100 per barrel for the first time since May, surging 6.2% to $99.94 after attacks on two Saudi oil tankers in the Red Sea heightened supply fears. The price had fallen below $72 just weeks ago, roughly back to pre-Iran war levels.
Logistics Fertiliser Vessels Stuck at Indian Ports Raise Supply Fears for Peak Kharif Sowing
Two fertiliser vessels carrying DAP and urea have been waiting for berth at Kandla Port since July 14, delaying distribution ahead of India's kharif sowing season. Port congestion, limited railway rakes, and supply chain disruptions from the West Asia crisis are blamed. While urea supplies remain comfortable, DAP availability is tight due to constrained global ammonia and sulphur supplies.
Commodities Oil prices fall as Trump cancels planned strikes on Iran, easing Strait of Hormuz fears
Oil prices fell on Friday after US President Donald Trump cancelled planned strikes on Iran, reducing fears of an escalation of hostilities. Brent crude dropped $1.21 to $89.17 a barrel, while WTI fell $1.23 to $86.48. The move follows Iran's announcement of the closure of the Strait of Hormuz, though the US military said commercial ships continued to transit the waterway.