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A major tanker operator reported strong earnings boosted by geopolitical tensions and Strait of Hormuz avoidance, expanding ton-mile demand. Backed by solid charter demand from oil majors and a $3.1 …
TORM reported record Q2 earnings and raised full-year guidance as Middle East trade disruptions and Strait of Hormuz chokepoints drove tanker freight rates higher. Global oil rerouting, extended voya…
U.S. distillate inventories rose by 1.5 million barrels last week, providing short-term relief. However, analysts warn that long-term inventory trends remain tight, potentially keeping diesel prices …
Brent crude prices declined toward $93 after a brief rally, as markets reacted to conflicting reports regarding US-Iran negotiations. President Trump’s claims of potential progress in reopening the S…
WTI crude oil prices hit a 5-week low on reports of a tentative 60-day ceasefire between the US and Iran. While physical hurdles to restarting exports remain high, the market is reacting to the poten…
President Trump announced a de-escalation of tensions in the Hormuz Strait, including the lifting of a naval blockade and cooperation on nuclear material disposal. The prospect of unrestricted shippi…
Geopolitical tensions at the Strait of Hormuz constrain supply chains and crude oil, pressuring EURUSD negatively amid expectations of central bank rate hikes across major economies.