Middle East conflict: Trump administration official teases US’ next move for oil market
According to Scott Bessent, the addition of sanctioned Iranian oil into global supplies would help keep oil prices down for the next 10 to 14 days...
Tag : Strait of Hormuz
Oil price stares at massive gain amid Middle East crisis
Qatar Energy Minister Saad al-Kaabi stated that if the ongoing conflict forces Gulf energy producers to shut down exports within weeks, it could drive oil to USD 150 a barrel...
Gulf cargo bookings suspended as insurance premiums rise
Operations to Jordan and Lebanon will remain unaffected, and there are two Maersk vessels in the Gulf currently...
Hormuz closure will not hit UAE, Saudi Arabia oil exports
The two countries in addition to Oman have alternative maritime routes, protecting their oil export activities against Hormuz’s potential closure...