In theory, a third Gulf War should be a huge boon for Big Oil. Most analysts in January expected Brent crude, the global oil-price benchmark, to average $60 a barrel in 2026. It ended the first quarter at $118; Refined products still grew rapidly. With most Gulf oil stranded behind the Strait of Hormuz, exports…
US President Donald Trump responded to a social media post saying that “a wave of empty tankers” were headed to the United States to collect crude oil. Trump shared the post on Truth Social on Saturday, writing, “Awesome!!!”“It’s great to see the wave of empty tankers heading to the US to pick up some much-needed…
By Vikram Subburaj The pause in the US-Iran conflict on April 8 has triggered a coordinated reassessment in global markets. The sequence appears in the data. Brent crude fell to $91.7-$94.4 per barrel, marking a one-day decline of about 14-16%. The US dollar index fell about 1.0-1.1% to around 98.8. This was its lowest level…
