Energy Markets
6 articles
US Futures Rise as Deal Reopens Strait of Hormuz
Just hours after the global Brent oil benchmark price briefly surged to nearly $103 a barrel, news of a US-Iran deal to reopen the Strait of Hormuz sent crude prices plummeting.
Kuwait offers crude oil to Asian buyers for first time since Iran war
In a stark departure from decades of precedent, Kuwait is offering at least 4 million barrels of its main export-grade crude to refiners in China and South Korea.
India fuel exports hit four-year low amid strong domestic demand
India's fuel exports plunged to their lowest level in nearly four years in May 2026, with outbound shipments of diesel, gasoline, and jet fuel averaging just 878,000 barrels a day.
Stocks Fall as Hormuz Deadlock Sends Oil Prices Soaring
Despite Iran's Foreign Minister Abbas Araghchi declaring the strategic Strait of Hormuz 'completely open' on Friday, global oil prices surged and stock markets fell, signaling deep market skepticism.
Iran's uranium stance sends Brent oil prices surging near $103
The global Brent oil benchmark price surged almost 3% to nearly $103 a barrel today, directly in response to Iran's latest uranium stance.
Iran media reports US oil sanctions waiver, impacting prices
Oil prices briefly pared earlier gains and bonds rose after Iranian media reported a proposed US waiver on oil sanctions, a claim the US has not confirmed.