A cargo ship hit by an unidentified projectile near the Strait of Hormuz pushed Brent above 91 dollars, while USO edged higher as traders weighed the region's escalating risks.
Holly Herrera3 min read
Saudi Arabia is weighing a huge expansion of its East West pipeline to sidestep the Strait of Hormuz, as USO trades near 126.60 dollars amid lingering Gulf shipping risk.
Edward Byrd3 min read
Gulf oil exports briefly rebounded to pre conflict levels before fading again as US Iran tensions choke tanker traffic through the Strait of Hormuz, rattling crude markets.
Edward Byrd3 min read
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
Commodity prices from gold to oil react in real time to the same headlines driving world news, from central bank policy to geopolitical flashpoints.
Edward Byrd6 min read