Does Iran Have Oil That Still Matters Globally
Crude oil is climbing as a U.S. blockade cuts off Iranian exports, yet refined product markets suggest futures still aren't pricing in the full risk. Here's what's driving the move.
Jake Fox3 min read
oil supply
Jake Fox3 min read
Russian Crude Exports Fall to Lowest Level Since May
Crude oil fund USO climbed 1.34% as Russian seaborne exports hit their lowest since May. Port strikes, refinery repairs, and tanker shortages are squeezing Black Sea and Baltic loadings alike.
Holly Herrera4 min read
Japan Trade Chief Warns Strait of Hormuz Closure as Tensions Rise
Crude climbs as shippers abandon the Strait of Hormuz over renewed danger, forcing Japan to tap emergency reserves and hunt for oil far from its usual Middle East suppliers.
Jake Fox3 min read