Getting Oil and Gas Through Hormuz Strait Is Dangerous Job for Ship Captains
A tanker captainโs first-hand account shows why flows from the Middle East are rising, despite the dangers of Iranian drones and missiles.
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A tanker captainโs first-hand account shows why flows from the Middle East are rising, despite the dangers of Iranian drones and missiles.
Persian Gulf oil producers are shifting critical cargo transfer operations even farther out of the war-hit region as waters just outside the Strait of Hormuz become congested with tankers.
IIF Deputy Chief Economist Ashok Bhundia argues that dwindling oil and diesel inventories around the Strait of Hormuz present a more urgent global risk than US-China strategic competition. He warns that elevated crack spreads are driving cost-push inflation and could trigger a sudden market shock. (Source: Bloomberg)
Saudi Arabia has started exporting oil using a key cross-country pipeline after the link was repaired following drone strikes earlier this month, a person with direct knowledge of the matter said.
Fading hopes for a breakthrough in the Middle East and rising inflation worries pushed US stocks lower before the bell on Monday.
The Malaysian ringgit may be poised for gains as higher oil prices and the artificial-intelligence boom provide tailwinds for the currency, strategists say.
Wild gyrations in individual stocks on a punchy cocktail of AI euphoria and fear, a tumbling bond market and geopolitical drama bode well for a long-favored trade among hedge fund managers.
Bloomberg News Middle East reporter Dan Williams and Bloomberg Intelligence senior commodity strategist Mike McGlone are on Bloomberg This Weekend discussing President Donald Trumpโs rejection of Iranโs latest proposal to reopen the Strait of Hormuz and restart negotiations, as the conflict continues to strain global energy markets. They tell hosts David Gura and Christina Ruffini that economic pressure could shape the next phase of diplomacy, while rising fuel costs and shifting US supply and Chinese demand remain critical factors for oil prices. (Source: Bloomberg)
Uganda explained from the ground up: Museveni's seventh term, an oil industry that has still not started, an economy run on coffee and re-exported gold, and the dates that matter to foreigners. The post Uganda Explained 2026: Museveni’s Uganda, the Long Wait for Oil, the Economy and What to Watch appeared first on The Rio Times.
O Ministรฉrio da Fazenda publicou nessa sexta-feira (25), em ediรงรฃo extra do Diรกrio Oficial da Uniรฃo, uma portaria que assegura a manutenรงรฃo da subvenรงรฃo de R$ 2,12 por litro ao รณleo diesel. A Portaria nยบ 2.946 evita a reduรงรฃo do benefรญcio, prevista para este sรกbado (26) apรณs o tรฉrmino da vigรชncia da Medida Provisรณria nยบ 1.363/2026. Notรญcias relacionadas:Subsรญdio de R$ 2,12 ao diesel deve ser mantido por 30 dias.Petrobras aumenta diesel, mas subsรญdio mantรฉm valor final; entenda.De acordo com o ministรฉrio, a continuidade da subvenรงรฃo se deve ร persistรชncia da volatilidade dos preรงos internacionais do petrรณleo e dos combustรญveis. โComo a MP 1.363/2026 encerra sua vigรชncia em 26 de setembro, o Ministรฉrio da Fazenda ajustou a portaria para que, a partir de 27 de setembro, o valor de R$ 2,12 por litro passe a ser estabelecido integralmenteโ, justificou a pasta. Histรณrico O ministรฉrio lembra que a subvenรงรฃo ao diesel foi criada inicialmente tendo como valor R$ 1,12 por litro. โPosteriormente, diante do agravamento do cenรกrio externo, a MP 1.391 autorizou o Ministรฉrio da Fazenda a definir, por ato prรณprio, o valor da subvenรงรฃo ao dieselโ, acrescentou. Com base nessa autorizaรงรฃo, o ministรฉrio fixou uma subvenรงรฃo adicional de R$ 1 por litro, elevando o valor total para R$ 2,12. Em nota, a Fazenda informou que a nova portaria nรฃo aumenta a subvenรงรฃo, e que o objetivo รฉ assegurar a manutenรงรฃo do valor atualmente praticado diante da persistรชncia da volatilidade dos preรงos internacionais do petrรณleo e dos combustรญveis.
Get a jump start on the US trading day with Dani Burger on "Bloomberg Open Interest." Bonds stabilize after a brutal week, oil retreats as the U.S. and Iran explore a deal to reopen the Strait of Hormuz, and Anthropic signs another massive data center deal. Plus, Winners Alliance CEO Ahmad Nassar on unlocking tennisโ commercial potential, and State Streetโs Anna Paglia on the retail ETF boom. (Source: Bloomberg)
US and Iranian negotiators are exploring a phased deal that would see Tehran reopen the Strait of Hormuz and Washington lift its blockade of Iranian ports, similar to the memorandum of understanding struck in mid-June. Charles Gorrivan reports on Bloomberg Television. (Source: Bloomberg)
Equity futures climbed in New York as oil and Treasury yields pulled back from the recent surges ahead of key data on inflation expectations.
Max Kettner, chief multi-asset strategist at HSBC, says it is tough to call an end to rising bond yields as he sees them โincredibly correlated with oil.โ Kettner asks if there is really any point in buying duration as he looks to tech and equities due to strong earnings. He speaks on โBloomberg Brief.โ (Source: Bloomberg)
The USO fund tracking WTI crude settled up 2.86% at US$153.09 as Houthi attacks and soaring Red Sea war-risk premiums rattled supply, while LatAm equities diver The post Oil Wrap: USO up 2.86% on Red Sea Supply Fears appeared first on The Rio Times.
Pan-African · MARKETS Key Facts —The context The U.S. and Israel went to war with Iran in February 2026, disrupting oil shipping through the Strait of Hormuz. —What happened Front-month November Brent futures settled at US$106.60 on Thursday, Sept. 24, up 3.4% on the day. —The warning Yahya Rahim Safavi, an adviser to Iran’s supreme […] The post Brent Crude Tops US$106 as Iran Warns War Could Spread to Indian Ocean appeared first on The Rio Times.
Oil climbed higher Thursday, with Brent futures jumping more than 3%, after a top Iranian military official said Tehran may broaden the war to the Indian Ocean if attacked. Charles Gorrivan reports on Bloomberg Television. (Source: Bloomberg)
Argentina steps up its Las Malvinas claim as tensions with the UK grow over offshore oil drilling.
Stocksย joinedย bondsย lower as higherย oil pricesย stoked worries about inflationary pressures, which were further bolstered by data showing jump inย US business activityย at the fastest pace since 2021. Gargi Chaudhuri, Global Chief Investment Strategist at BlackRock, discusses the markets and how investors can be more selective amid a higher rate cycle. (Source: Bloomberg)
New Zealandโs central bank warned that near-term inflation could exceed its latest estimates, adding to signs it could raise interest rates again as soon as October.
Oil slips below $100 as rate fears ease, lifting global equities. Brazil watches the Copom minutes and a firm dollar. Your Monday global briefing. The post Global Economy Briefing — September 21, 2026 appeared first on The Rio Times.
WTI eased on September 18, 2026 as Europe faced a Saudi crude cutoff and Macron pushed for emergency stock releases. Petrobras, YPF and Guyana held firm. The post Oil Eases, Hormuz Crisis Keeps Crude Above US$100 appeared first on The Rio Times.
Asia Intelligence Brief โ Friday, September 18, 2026 A crude tanker passing storage tanks at an oil terminal. Saudi Arabia offered extra cargoes to Asian refiners through ship-to-ship transfers off Omanโs Sohar port, and Brent settledโฆ The post Asia Intelligence Brief โ Friday, September 18, 2026 appeared first on The Rio Times.
Omanโs Sohar port is becoming a popular spot for ship-to-ship oil transfers amid continued Hormuz blockade.
More than six months after the start of the Iran war, JPMorgan Chase & Co.โs oil analysts are stating what many traders have been saying privately for some time: the path to the end of the war is increasingly impossible to predict.