News
OPEC+ agrees to boost oil output in May amid global energy crisis
4+ hour, 17+ min ago (288+ words) The Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed on Sunday to raise their oil output quotas by 206,000 barrels per day (bps) for May, Reuters reported. OPEC+ underscored the critical importance of safeguarding international maritime routes to…...
French’s Macron: Strait can only reopen in concertation with Iran
3+ day, 16+ hour ago (249+ words) French President Emmanuel Macron said during the European trading session on Thursday that it is difficult to reopen the Strait of Hormuz without a military response. It's unrealistic to free the Strait of Hormuz by military means.Hormuz Strait can…...
Gulf countries consider new pipelines to avoid Strait of Hormuz — FT
3+ day, 21+ hour ago (268+ words) Gulf nations'are considering pipeline projects to bypass the Strait of Hormuz amid concerns over Iran's potential control of the strategic waterway, the Financial Times reported on Thursday.' Officials and industry executives said new pipelines may be the only option to…...
US President Donald Trump: We are going to finish the job and we are going to finish it very fast
4+ day, 1+ hour ago (254+ words) US President Donald'Trump'said on Thursday that Iran's ability to launch missiles and drones has been curtailed. Trump added that the US does't need oil from the Middle East. Crude oil prices attract some buyers following this headline. At the time…...
US President Trump: Going to be out of Iran pretty quickly
4+ day, 13+ hour ago (340+ words) United States (US) President Donald Trump told Reuters on Wednesday that they are going to be out of Iran "pretty quickly," but refused to give a timeline. "We have some more targets left; if we have to, we'll come back…...
Energy: Oil and Gas prices fall on Iran war optimism – ING
4+ day, 17+ hour ago (506+ words) ING analysts Ewa Manthey and Warren Patterson note that Oil prices, including Brent and WTI, have dropped below $100 as US President Trump signalled a possible end to the war with Iran. They highlight geopolitical developments around the Strait of Hormuz,…...
UAE is willing to join US for force Hormuz reopen – WSJ
4+ day, 22+ hour ago (374+ words) A report from the Wall Street Journal (WSJ) released in Asian trading hours on Wednesday showed that the United Arab Emirates (UAE) is willing to join the United States (US) and other allies for a forceful reopening of the Strait…...
US President Trump: War will end in two or three weeks
5+ day, 1+ hour ago (330+ words) In a telephonic interview with NBC News late Tuesday, US President Donald Trump said that he believes the war on'Iran'is "coming to an end. When asked what he was going to bring oil prices back down, "all I have to…...
Pentagon Chief says US has more options as Iran in the conflict
5+ day, 13+ hour ago (410+ words) Tensions between the United States (US) and Iran remain in focus after a series of comments from US Defense Secretary Pete Hegseth reported by Reuters, who said the coming days could be decisive in the conflict. Washington believes it holds…...
Donald Trump criticizes UK, France over Iran operation
5+ day, 15+ hour ago (421+ words) He specifically targeted the United Kingdom, arguing that London had refused to take part in the operation aimed at eliminating what he described as the "Butcher of Iran. Trump suggested that countries facing jet fuel shortages due to disruptions in…...