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Global crude oil inventories are approaching a record low as the war in the Middle East continues, decimating tanker traffic via the Strait of Hormuz, Goldman Sachs commodity analysts have warned. Even if oil flows via the chokepoint begin to improve by the end of the current month, the decline will continue, the analysts said in a note, as quoted by the Wall Street Journal. Even if the Strait of Hormuz reopens by May, the shrinking in global oil inventories will extend into May and even June, they said. The war has so far cost Middle Eastern producers…
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Iran fired on three ships in the Strait of Hormuz on Wednesday, underscoring the ongoing threat to global energy supplies and complicating efforts to bring the United States and Iran together for talks to end the war. The attacks, which Iranian media said were carried out by Iran’s paramilitary Revolutionary Guard, came after US President Donald Trump said the US would indefinitely extend the ceasefire with Iran, due to expire on Wednesday. But Trump said the US would continue to blockade...
The Virginia-headquartered bank reported a 72% jump in provisions for credit losses compared to last year
The attacks come shortly after President Donald Trump said the U.S. would extend the ceasefire with Iran to allow peace talks to continue.
Iran's actions highlight its strategic control in the Persian Gulf, impacting geopolitical stability and influencing market perceptions. The post Iran seizes two vessels, maintains control in Persian Gulf appeared first on Crypto Briefing.
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The interest rate set by the Bank of England affects mortgage, loan and savings rates for millions.
Member states meet this morning, as Ukraine starts pumping oil through Druzhba with Slovakia deliveries to resume Thursday During his press conference, Fico also doubles down on his criticism of the incoming Hungarian government led by Péter Magyar, in a further sign that the relations between Bratislava and Budapest could change dramatically in the next few months. Fico has been close friends with Orbán, often teaming up with him on energy issues, but it doesn’t look like this Slovak-Hungarian partnership will continue under the new management in Budapest. Continue reading...
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