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Brent oil traded at the highest level since May on Friday. Iran-backed Houthi militants claimed recent attacks on the Saudi Red Sea port of Yanbu, as well as deadly strikes on an oil field and airport in the kingdom. The flareup threatens to widen hostilities around the Strait of Hormuz, where crude exports have recovered to near prewar levels. Abeer Abu Omar reports on Bloomberg Television. (Source: Bloomberg)
Al Jazeera interviews Fatih Birol in Berlin as the Iran war disrupts global energy supplies.
The US State Department ordered the departure of non-emergency personnel and their families from Saudi Arabia amid escalating Houthi attacks on the kingdom. The latest strikes killed three people in two attacks on an Aramco oil field and an airport in Saudi Arabia's Eastern Province. Hasan Alhasan, Senior Fellow for Middle East Policy at the International Institute for Strategic Studies spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East & Africa. (Source: Bloomberg)
A key benchmark for Middle East crude fell to its lowest in nearly three months, an indication of the resilience of the region’s exports despite intensifying Iranian attacks on shipping.
Reliance is central to Washington’s efforts to punish Russian energy buyers and contain oil prices amid the war on Iran.
Oil wavered as traders weighed the prospect of an escalation in hostilities by Iran in the Strait of Hormuz against robust crude flows from the Persian Gulf.
Australians are pulling back at the pump as fuel prices surge, with sales of diesel dropping in August by the most since 2022 and the decline in petrol sales deepening.
European Union leaders are searching for ways to ease soaring energy prices, but President Donald Trump’s war against Iran has left them with few affordable options.
Oil gained Wednesday as hostilities intensified from Russia to the Middle East, threatening supply flows that only recently recovered to near pre-war levels. Brent traded above $106 after Iran-backed Houthi rebels launched missile and drone strikes across Saudi Arabia, including a hit that damaged Saudi Aramco’s headquarters. That added to an escalation in Iranian attacks on tankers in the Strait of Hormuz that’s threatening a rebound in Gulf supply. We discuss the latest energy headlines with Rob Barnett, Senior Energy Analyst for Bloomberg Intelligence. (Source: Bloomberg)
Morocco’s phosphate giant OCP SA is looking to attract foreign investors for some of its businesses, as supply disruptions caused by the Iran war hit profits at the state-owned company.
Overnight markets balance easing oil fears against high yields, AI funding risks and a firmer dollar, with Brazil exposed to the Fed-real-Selic chain. The post S&P 500 Gains 0.6% as Iran Fears Ease | Global Economy, Oct 10 appeared first on The Rio Times.
Oil fell after President Donald Trump said the US would not attack Iran ahead of November’s midterm elections.
Oil prices rose on fresh concerns about Middle East supplies, before falling on the possible release of more reserves.
Iran's oil exports have struggled amid a US blockade. A Russian energy crisis because of Ukrainian attacks could help.
State-owned QatarEnergy has secured a $3 billion loan from Chinese banks, according to people familiar with the matter, another sign that financial firms are still willing to lend to certain Gulf borrowers, despite the protracted US war with Iran.
El petróleo de Medio Oriente vuelve a fluir casi como antes de la guerra en Irán. Entonces, ¿por qué el crudo sigue sobre los US$100 por barril y un 40% por encima de los niveles previos al conflicto? Te explicamos cinco razones. (Source: Bloomberg)
Iran adopts a new arrangement to tackle economic challenges amid the US-imposed economic war and naval blockades.
Crude flows through Hormuz have recovered, but tanker insurance costs and geopolitical risks remain barriers to a return to normality.
Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed Al Nahyan took the helm of a $300 billion sovereign wealth fund which has become central to building the infrastructure needed to override Iran’s stranglehold over the Strait of Hormuz. The fund is now likely to spend tens of billions of dollars more on new port infrastructure outside the embattled strait, people familiar with the matter said. Bloomberg's Alex Dooler reports. (Source: Bloomberg)
Muni debt is poised for its worst monthly performance in nearly 40 years amid a global bond shakeout.
Brent rose 0.9% to US$105.28 and WTI 0.2% to US$92.60 on Monday after Trump rejected an Iranian proposal to reopen Hormuz; Petrobras rose, YPF fell. The post Oil Settles Higher After Trump Rejects Iran Hormuz Offer appeared first on The Rio Times.
Gold held a sharp decline as the deadlock between the US and Iran over the Strait of Hormuz continued to keep energy costs elevated and maintained pressure on the Federal Reserve to hike interest rates.
Mediators are trying to facilitate more talks, but Washington signals faith in its pressure tactics.
Os eira principais índices de Wall Street caíram nesta segunda-feira (28) depois que o presidente dos Estados Unidos (EUA), Donald Trump, rejeitou proposta iraniana para pôr fim ao conflito no Oriente Médio, o que levou a um aumento nos preços do petróleo bruto e reacendeu os temores de inflação, elevando os rendimentos dos Treasuries - títulos de dívida emitidos pelo governo norte-americano para captar recursos no mercado Em compensação, a Nvidia (empresa de tecnologia dos Estados Unidos que cria chips de computador avançados) registrava alta de 3,2%, depois de anunciar autorização de recompra de ações no valor de US$ 150 bilhões, tornando-se o maior aumento já registrado na história da empresa em termos de recompra de ações. Notícias relacionadas:Irã insiste em solução diplomática após Trump rejeitar plano de paz.Irã apresenta na ONU proposta de abrir Ormuz; Trump diz que rejeita.Presidente do Irã diz na ONU que "paz não virá do campo de batalha" .O Irã anunciou uma proposta de paz na Assembleia Geral das Nações Unidas, realizada na semana passada em Nova York, afirmando que ela havia sido transmitida aos Estados Unidos por meio de mediadores do Catar. Embora Trump tenha dito no sábado que rejeitou a oferta, ele afirmou ao Axios no domingo que esperava que os negociadores norte-americanos continuassem as conversas nesta semana. Os preços do petróleo bruto subiram 2%, para cerca de US$ 107 por barril, e pressionavam os Treasuries, levando os rendimentos de títulos de prazo mais longo a novas máximas em várias décadas. “A energia tem sido a única pressão consistente de alta sobre a inflação, e qualquer fator que continue a pressionar a inflação será algo que motivará o Fed (banco central norte-americano) a elevar os juros”, disse Art Hogan, estrategista-chefe de mercado da B. Riley Wealth. O Índice Dow Jones Industrial Average caía 0,47%, para 51.583,60 pontos, enquanto o S&P 500 perdia 0,46%, a 7.707,50 pontos, e o Nasdaq Composite tinha queda de 0,65%, para 26.893,56 pontos. O setor de bens de consumo discricionário recuava 1,3% e liderava as quedas entre os setores no S&P 500, com a DoorDash e a Carvana registrando perdas de 6% e 5%, respectivamente. À medida que a semana avança, os holofotes estarão voltados para uma série de indicadores econômicos cruciais, em um momento em que os operadores estão precificando uma chance de 68% de que o Federal Reserve aumente a taxa de juros em pelo menos 25 pontos-base em outubro, segundo a ferramenta FedWatch do CME Group. *É proibida a reprodução deste conteúdo.