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Oil tops $100 as Middle East tensions sharpen energy-market fears
business44 minutes ago

Oil tops $100 as Middle East tensions sharpen energy-market fears

Oil rose back above $100 a barrel after US strikes on Iran, with analysts warning the global energy market may be past the 'point of no return' as Hormuz shipping disruptions keep supplies tight; Brent had dipped near $96 earlier, but inventories remain critically low and demand could rise in summer, fueling ongoing volatility and warnings of a possible red zone in July–August, while European gas stores lag and UK energy bills could rise as gas prices climb.

via The Guardian|
#business#energy-market#hormuz
European stocks wobble as oil swings amid Middle East and Ukraine tensions
business2 hours ago

European stocks wobble as oil swings amid Middle East and Ukraine tensions

European equities edged lower as investors weighed renewed Middle East tensions, Ukraine developments and volatile oil, with the Stoxx 600 slipping while the FTSE 100 rose on mining gains; Brent rose to about $99 a barrel while U.S. WTI traded near $93 after a prior drop. Ferrari slumped following the debut of its first fully electric car, BP fell on governance concerns after removing its chairman, and Kingfisher rose after reaffirming first-quarter guidance. No major economic data were due today as traders monitor geopolitical risks and energy markets.

via CNBC|
#business#europe#middleeast
Forced sovereign liquidations could ignite gold’s next long-term bull run, says SPI's Innes
business5 hours ago

Forced sovereign liquidations could ignite gold’s next long-term bull run, says SPI's Innes

SPI Asset Management’s Stephen Innes argues the gold selloff was a liquidity crisis driven by forced sovereign sales amid the oil shock, not a collapse in demand. As inflation cools and growth slows, central banks may ease policy, potentially setting up a new long-term gold bull run with gold serving as monetary insurance in a fractured, underinvested global economy—an outlook reinforced by China’s reserve diversification strategy.

via KITCO|
#business#central-banks#commodities
Oil slides as US-Iran talks boost Hormuz hopes
energy7 hours ago

Oil slides as US-Iran talks boost Hormuz hopes

Oil prices fell about 7% on Monday as optimism grew that the United States and Iran were moving toward a peace deal that could reopen the Strait of Hormuz, easing supply risks, with Brent dipping to around $96.30 a barrel and WTI near $90.88. Analysts warned the deal isn’t guaranteed and even if reached, full normal flows would take months; volume was light due to Memorial Day. Trump touted talks on Truth Social while Iran said it’s negotiating an end to the war, not nuclear issues.

via Yahoo Finance|
#energy#iran#oil
Oil Shock From Iran War Reshapes Global Economy
economy8 hours ago

Oil Shock From Iran War Reshapes Global Economy

The Iran war has driven a sustained rise in global oil prices and a roughly one-billion-barrel shortfall in Gulf supplies, a shock that reverberates through inflation, bond markets, and everyday costs, especially for the Global South. While Europe can cushion some pain with subsidies, poorer countries face spikes in food and fuel prices, higher fertilizer costs, and fears of hunger as the World Food Programme warns tens of millions could be at risk. In the United States, higher energy exports boost revenue but raise gasoline bills for households, while financial strains push up central-bank rates and bond yields even as stock markets stay buoyant. Overall, the economic fallout from the Iran war is intensifying faster than shipping normalcy returns, with wide humanitarian and financial consequences.

via Responsible Statecraft|
#economy#global-south#inflation
Oil cools near $100 as Iran peace hopes lift markets
energy9 hours ago

Oil cools near $100 as Iran peace hopes lift markets

Oil slipped below $100 a barrel as markets priced in a potential US-Iran peace deal, with Brent around $97.43—the lowest in two weeks—though unresolved Hormuz tensions and damaged energy infrastructure keep flows uncertain. Equities rose and gold gained as traders weigh inflation and central‑bank rate expectations, while analysts urge caution about overreacting until a formal agreement and normal flow can be seen.

via The Guardian|
#energy#geopolitics#iran
Markets reset after the war: oil drops, dollar weakens, and rate cuts loom
business12 hours ago

Markets reset after the war: oil drops, dollar weakens, and rate cuts loom

Following a potential peace with Iran, the author forecasts a rapid drop in oil prices, a return to Fed rate-cut pricing, and a weaker U.S. dollar—essentially a reversion to the pre-war playbook, with oil easing and the dollar softening especially against emerging markets, though long-term yields may not fully retrace; the timing hinges on concrete peace and normalization of Hormuz shipping.

via Robin J Brooks | Substack|
#business#dollar#emerging-markets
Ukraine strikes Moscow-bound Russian oil hub, SBU says
war1 day ago

Ukraine strikes Moscow-bound Russian oil hub, SBU says

Ukrainian forces conducted a drone strike overnight against the Vtorovo oil pumping and dispatching station in Vladimir Oblast, a Transneft facility that ships crude to Moscow and fuels its airports; the SBU said the Alpha unit carried out the attack under President Zelensky’s orders, causing a large fire, and the strike occurred as Russia mounted a major attack on Kyiv, underscoring Ukraine’s ongoing effort to disrupt Russian fuel production and exports.

via The Kyiv Independent|
#drone-attack#oil#russia
If Peace Returns, Oil Flows Back—But It Won’t Be a Quick Restart
markets1 day ago

If Peace Returns, Oil Flows Back—But It Won’t Be a Quick Restart

Even if the war ends and the Strait of Hormuz reopens, restoring full oil flow will take weeks to months: clearing bottlenecks, drawing down inventories, restarting Middle Eastern production, and repairing damaged infrastructure. Prices could ease if peace lasts, with Brent near the high $90s per barrel for much of this year, but the timeline hinges on credible passage guarantees, insurance costs, and Iran’s terms—so a rapid market reset remains unlikely.

via CNN|
#iran#markets#oil
Oil Dips Under $100 as Iran-Deal Hopes Provide Brief Market Relief
business1 day ago

Oil Dips Under $100 as Iran-Deal Hopes Provide Brief Market Relief

Brent crude trades around $98.76 a barrel (about a 4.6% drop) as talk of a possible US-Iran deal to reopen the Strait of Hormuz tempers markets, but supply disruptions remain severe: roughly 14 million barrels per day blocked and inventories depleted. Even with an agreement, confidence to restart large-scale flows could take weeks to months, keeping prices and gasoline costs elevated until production and transit normalize.

via Axios|
#business#energysecurity#geopolitics
Oil slides on peace-talk optimism but Hormuz risk lingers
energy1 day ago

Oil slides on peace-talk optimism but Hormuz risk lingers

Oil prices slipped to a two-week low as investors priced in progress toward a U.S.–Iran peace deal, with Brent around $98.90 a barrel and WTI about $92, while blockades in the Strait of Hormuz continue to constrain supply. Trump said there’s no rush into a deal, suggesting near-term relief may be limited, and analysts say it could take months for flows to normalize even if a deal advances.

via Reuters|
#brent#energy#iran