Oil prices are likely to remain volatile as long as the United States and Iran are unable to resolve the status of the Strait of Hormuz.
Category: Iran
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New Strikes on Ships in Strait of Hormuz Test U.S.-Iran Cease-Fire
A U.S. official said Iranian missiles struck two commercial ships. There was no immediate comment from Iranian officials on the reported attacks.
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Ships Are Moving In and Out of the Persian Gulf, Easing Oil Prices
A recovery in oil flows from the Persian Gulf and a pledge by OPEC Plus to pump more crude have put downward pressure on energy prices.
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OPEC Plus Pledges to Pump More Even as Oil Prices Fall
The cartel’s decision comes as U.S.-Iran talks to end the war have eased pressure on oil supplies, even as broader market and political volatility persists.
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Oil Prices Hold Steady as Iran and U.S. Prepare for Talks
Iran and the United States were set for further talks after a spurt of hostilities had underscored the uncertainty surrounding attempts to strike a lasting peace deal.
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Shipping Traffic in Strait of Hormuz Picks Up Again
Vessels stranded for months have started moving in larger numbers, but many pulled back over the weekend after Iran and the U.S. exchanged attacks.
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Ships Pull Back Amid Heightened Risk From Iran-U.S. Strikes
Four days of attacks by both countries forced a sharp decline in the number of vessels navigating through the Strait of Hormuz.
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Oil Prices Rise on Possible Deal to Suspend Attacks in Gulf
Oil prices edged higher after an American official said the U.S. and Iran had agreed to halt attacks in a key shipping lane, raising hopes that hostilities would not escalate.
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Oil Markets Edge Higher After Days of Attacks in Persian Gulf
Oil prices inched up on Sunday evening, while the S&P 500 futures market was little changed.
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How a Jet Fuel Refinery Is Scrambling After the Iran War Oil Shock
For a mega-refinery in Ulsan, South Korea, a top exporter of jet fuel to the West Coast of the United States and other places, weaning off Middle Eastern oil is no small feat.
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Stocks in Asia Tumble as A.I. Uncertainty Jolts Tech Shares
Stock markets across Asia tumbled, as investors continue to wrestle with whether the boom in artificial intelligence spending is overdone or just beginning.