China’s oil import cuts drive $30 drop in global crude prices amid Iran tensions
China's decision to cut oil imports by 5.5 million barrels per day has reportedly driven a $30 drop in global…
Brent Crude News
Latest Brent crude oil news — price movements, global supply factors, geopolitical risks and energy market analysis.
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Iran warns neighbours against joining new U.S. sanctions as Hormuz stays closed
Iran's security chief Mohsen Rezaei warned neighbouring states against joining a new round of U.S. sanctions, saying it would make…
Strait of Hormuz Traffic Falls to 6% of Normal as Iran Holds Firm on Demands
Traffic through the Strait of Hormuz has fallen to 6% of normal levels, with Brent crude near $94 a barrel…
Oil chokepoints beyond Hormuz absorb rerouted crude as Red Sea blockade bites
Oil displaced from a shuttered Strait of Hormuz is piling pressure on five other chokepoints. Bab el-Mandeb traffic has roughly…
Trump pairs naval blockade with sweeping new sanctions on Iran
President Donald Trump has combined a reinstated naval blockade of Iranian ports with sweeping new sanctions on Tehran's financial networks,…
