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The prices of the two most relevant oil benchmark futures shot up after reports indicated that a U.S. warship was recently struck by the IRGC, reigniting the hostilities in the…
President Donald Trump directed aides to prepare for an extended naval blockade of Iranian ports, pushing Brent crude above $115 per barrel on April 29 and widening what the International…
The United Arab Emirates officially withdrew from OPEC and the broader OPEC+ alliance on April 28, 2026, and bitcoin fell below $76,000 within hours of the announcement. Key Takeaways: The…
President Donald Trump declared Thursday that the United States has total control over the Strait of Hormuz and that no ship can enter or leave without U.S. Navy approval. Key…
Traders placed a $430 million bet on falling oil prices in a two-minute window on April 21, 2026, roughly 15 minutes before President Donald Trump announced an indefinite extension of…
Markets reacted swiftly to the reactivation of the hostilities in the Middle East: oil futures for both WTI and Brent benchmarks rose as President Trump announced that an Iranian-flagged cargo…
Iran’s military reasserted control over the Strait of Hormuz on April 18, 2026, directly contradicting President Donald Trump’s claims that the critical waterway was fully open and would “never” close…
The announcement was made by Iran’s Foreign Minister Abbas Araghchi, who specified that as part of the ceasefire, the Strait of Hormuz was “completely open.” Oil futures plummeted, with the…
The United States Navy began enforcing a blockade of all maritime traffic entering and exiting Iranian ports on Monday, April 13, 2026, at 10 a.m. ET, targeting Tehran’s remaining oil…
The oil market was rattled by the Trump Administration’s announcement of an upcoming blockade of the Hormuz Strait, with West Texas Intermediate and Brent benchmark futures surpassing $100 per oil…