Oil Drops Below $75 for First Time
Brent crude dropped below $75 per barrel for the first time since the Iran conflict began, as a US and Iran peace agreement promised to reopen the Strait of Hormuz.…
strait of hormuz
VLCC Rates Hit $470,000 a Day on Hormuz Optimism
Oil tanker rates have gone into record territory since the U.S.-Iran memorandum of understanding, with one supertanker booked at nearly nine times the normal Persian Gulf to India freight rate.…
Oil Prices Fall to Lowest Point Before Iran War
Brent crude fell to $73.50 a barrel on Wednesday, its lowest since before the Iran war began, as U.S.-Iran peace talks in Switzerland advanced and a deal to reopen the…
Oil Storage May Drive Next Demand Surge
The Strait of Hormuz closure stranded over 10 million barrels per day and drained reserves worldwide. Now India, Australia, Singapore, and Saudi Aramco are spending billions to ensure they're never…
AI Model Shut Down by Government
The U.S. government shut down Anthropic's Fable 5 AI model just three days after launch, Fox announced a $22 billion Roku buyout, and a tentative Iran deal rattled oil markets.…