#Strait of Hormuz
articles
Oil Stocks Near ‘Tank Bottom’? Why the Crisis May Be Less Dire Than Feared
A staggering 400–600 million barrels have been drained from global inventories amid the Strait of Hormuz crisis, but pre...
DAX Pauses After Record Run as 26,000 and Strait of Hormuz Loom
The German benchmark index ended flat after three straight record closes, with profit-taking leaving the market at eleva...
Trump: Hormuz Navigation Deal Expected Within 48 Hours as Oil Markets Await Relief
A 60-day Strait of Hormuz transit agreement could be announced as early as Wednesday, easing oil supply fears that have ...
CAC 40 Hits Record as Strait of Hormuz Hopes Ease Oil Fears and Lift European Markets
The Paris CAC 40 and major European indices touched all-time highs on optimism over a potential accord on the Strait of ...
Saudi Aramco’s Profits Leap 44% as Middle East War Tightens Global Oil Supply
The Saudi oil giant posted net income of 122.6 billion riyals (€28.4 billion) for Q2 2026, fueled by crude above $100 af...
US, Iran Near Transitional Deal to Reopen Strait of Hormuz, Treasury Says
Washington and Tehran are closing in on an interim arrangement to reopen the Strait of Hormuz, Treasury Secretary Scott ...
Hong Kong Stocks Stall Near 26,000 as Oil Slips Below $80 on Hormuz Report
Hong Kong's benchmark opened higher after a record US close but hit resistance at 26,000, while reported talks to reopen...
Iran War Buys BP Breathing Room but Complicates O'Neill's Turnaround
A wartime surge in oil and gas prices delivered BP its strongest quarter since 2022, but CEO Meg O'Neill still faces inv...
Asia's July Oil Imports Rebound but Remain Far Below Pre-Iran War Levels
Asia's July crude and fuel imports rebounded on a ceasefire tailwind but remain well below pre-war levels, with the reco...
Third Hormuz Attack in 48 Hours Puts Marine War-Risk Insurers Back on Alert
A bulker hit near Hormuz follows two near-misses and pushes war-risk premiums toward crisis highs, while the Red Sea fal...
Oil Prices Rebound 1% as Iran Denies US Talks, Reviving Supply Concerns
Brent and WTI rebound after Iran's foreign ministry denies any talks with Washington, reviving fears over Gulf shipping ...
Trump Says Future of Strait of Hormuz Will Be Decided 'Today or Tomorrow'
Trump has issued a 'last chance' ultimatum on Strait of Hormuz shipping, with an Omani-brokered deal — or US military ac...
Oil Prices Drop 5% as Qatar, Bessent Signal Possible US–Iran Deal on Hormuz
Brent and WTI hit three-week lows after Qatari mediators and U.S. Treasury Secretary Scott Bessent raised hopes a diplom...
Oil Slides More Than 5% As Trump Calls Off Iran Strike
Crude futures tumbled after President Trump said he canceled a planned strike on Iran, as investors unwound geopolitical...
Trump Calls Out Exxon and Chevron for 'Too Much' Profit as Iran Conflict Buoys Oil Prices
Trump accused ExxonMobil and Chevron of 'too much' profit and demanded lower retail fuel prices, as a report projects ne...
Iran and Ukraine Wars Are Now One Energy Shock — Refining Is the Fault Line
Crude prices recovered by July, but the system that turns it into fuel never did. Two wars now drain the same spare refi...
Trump Halts Iran Strike Plan Pending Quick Deal to Reopen Strait of Hormuz
Trump says the US will pause military action against Iran if a quick deal can reopen the Strait of Hormuz and end Tehran...
Shale Profits Set for Strongest Quarter Since 2022 on War-Driven Oil Rally
U.S. shale producers are expected to post their strongest quarterly profits since 2022 as a war-driven crude rally boost...
Oil Prices Slide More Than 5% After Trump Holds Off on Iran Strike
Brent and WTI fell sharply on Monday as Donald Trump stepped back from a new strike on Iran to leave room for nuclear ta...
SLB Bets on AI Data Centers and a Post-Hormuz Oil Boom
Political shocks are reordering global energy, and the oilfield services giant is positioning itself to profit from both...
Saudi Arabia's Economy Shrinks 4.8% in Q2, Sharpest Drop Since Pandemic
Preliminary data show Saudi GDP fell 4.8% year on year in Q2 2026 as the Strait of Hormuz crisis cut oil output by 24.7%...
Oil Settles Higher and Caps Strong July as Hormuz Shipping Signals Diverge
Brent settled above $90 and WTI near $85, closing out a month of steep gains, as conflicting reports about tanker moveme...
Iran Denies US Hormuz Compromise Report, Says Strait Closed Until Hostility Ends
Tehran calls reports of a deal with Washington on reopening the Strait of Hormuz false, and says the waterway will remai...
Trump Says Iran Strikes Called Off, Citing 'Outlines of a Deal'
Trump says he has paused a planned US assault on Iran and set conditions for an agreement — but Tehran and other parties...
Gaza Strikes Continue as Iran Tensions Rattle Gulf Oil Routes
Israeli airstrikes in Gaza persisted despite Trump's ceasefire breakthrough claim, while US-Iran threats escalate over G...
Oil Slips More Than $1 as Strait Flows Rise, Yet Heads for 20% Monthly Surge
Brent and WTI eased on Friday as more tankers moved through Middle East chokepoints, but both benchmarks remain on track...
ExxonMobil and Chevron Post Multi-Billion Q2 Profits as Hormuz Strife Drives Record Refining Margins
ExxonMobil netted $14.5 billion and Chevron $12.1 billion in the second quarter, fuelled by war in Iran and a bottleneck...
Crude Oil Falls as Strait of Hormuz Flows Pick Up, Monthly Rally of 20% Endures
Brent and WTI futures eased on Friday as tanker traffic through the Gulf chokepoint increased, but both benchmarks are s...
Turkey’s $15B ‘Development Road’ Aims to Break Strait of Hormuz Dependency
Ankara plans a 1,200 km rail and highway corridor from Iraq’s Al-Faw port to Europe, seeking to reroute a fifth of the w...
AI Goods Trade Soars 40% as Global Commerce Defies Middle East Conflict
WTO data shows global merchandise trade grew 3.2% in Q1 2026, propelled by a 40%+ surge in AI-enabling goods that offset...