Oil dips as US-Iran deal takes effect
Oil dipped as the US and Iran's interim peace deal took effect and a flurry of tankers began transiting the Strait of Hormuz, paving the way to restart the flow of millions of barrels shut in by the conflict.
Crude oil to find its level
Oil prices have tumbled drastically to dip below US$80 per barrel following the United States-Iran peace deal, but industry experts do not expect the global benchmark Brent crude to return to pre-conflict levels anytime soon.
Oil rises on Iran deal doubts; IEA warns of glut
Oil prices gained nearly 1% on Wednesday after US President Donald Trump said the new ceasefire agreement with Iran was not final and the Iran war could resume if he is unsatisfied, but concerns over excess supply next year limited the gains.
El Nino, export controls to boost CPO prices
RHB Research believes the combination of a high-probability strong El Nino weather phenomenon and more stringent Indonesian export controls creates a bullish environment for crude palm oil (CPO) prices heading into 2027.
IEA sees gradual Hormuz recovery tipping into significant 2027 surplus
LONDON: The world oil market will recover gradually from the closure of the Strait of Hormuz before tipping into a significant surplus in 2027, the International Energy Agency said in its monthly oil market report on Wednesday.
Oil slides on Iran supply prospects as traders wait on Warsh
SINGAPORE: Tumbling crude prices on news that Iranian fuel may soon hit global markets promised inflation relief and pushed bond yields lower on Wednesday, while stocks and currencies were quieter ahead of Kevin Warsh's debut meeting as Federal Reserve chair.
Oil hits 3-month low on Hormuz reopening hopes
Oil prices fell about 5% for a second day in a row to a three-month low on Tuesday as details emerged of an interim deal to end the war in the Middle East and reopen the Strait of Hormuz, including an agreement to allow Iran to sell oil.
Wall Street majors cut oil forecasts on deal to reopen Hormuz Strait
Wall Street's biggest banks are cutting their oil price forecasts for the coming quarters, as optimism grows over a revival of Middle East crude output following an interim deal to reopen the Strait of Hormuz.
Strait of Hormuz transit will take ‘weeks’ to resume, largest tanker operator tells FT
SHIPOWNERS will not resume transit through the Strait of Hormuz for weeks until they are confident that the U.S.-Iran deal is "material", the chief executive of Japan's Mitsui O.S.K. Lines told the Financial Times in an interview published on Tuesday.
Oil settles at three-month low after Trump says deal signed to end Iran war
HOUSTON: Oil prices settled down $4 a barrel to a three-month low on Monday after President Donald Trump said the United States and Iran have signed a memorandum of understanding aiming to end the Iran war and reopen the Strait of Hormuz.
