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UKMTO reports incident in the Strait of Hormuz — Reuters
The UK Maritime Trade Operations (UKMTO) said that it has received a report of an incident in the Strait of Hormuz, Reuters reported on Tuesday.
WTI flatlines near $84.00 as Trump rejects truce extension
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $84.00 during the early Asian trading hours on Tuesday. WTI steadies as traders continue to assess the developments surrounding Middle East conflicts.Â
US President Donald Trump says not seeking extension of Iran MOU
US President Donald Trump said that he is not interested in renewing the expiring agreement with Iran, Bloomberg reported on Monday.Â
WTI Oil climbs above $82 as Washington-Tehran standoff reignites supply concerns
West Texas Intermediate (WTI) US Oil advances on Monday and trades around $82.10 at the time of writing, up 0.68% on the day. Oil prices remain supported by the deadlock between the United States (US) and Iran, which keeps concerns about Oil flows through the Strait of Hormuz elevated.
United States: Sideways growth and sticky inflation – TD Securities
TD Securities economists Oscar Munoz and Eli Nir expect US output growth to move sideways in 2025 as the lingering Oil shock and Iran conflict create stagflationary risks, keeping the Fed on hold.
WTI advances above $82.00 as US-Iran deadlock supports prices
West Texas Intermediate (WTI) US Oil advances on Monday and trades around $82.10 at the time of writing, up 0.70% on the day. Oil prices remain supported by the deadlock between the United States (US) and Iran, which keeps concerns about Oil flows through the Strait of Hormuz elevated.
Brent: Supply risks keep prices elevated – ING
ING analysts Ewa Manthey and Warren Patterson note that ICE Brent is trading just below $90/bbl, supported by Middle East tensions and attacks on vessels in the Strait of Hormuz.
Canadian Dollar advances due to softer US Dollar, higher oil prices
USD/CAD extends its losses for the third consecutive day, trading around 1.3870 during the Asian hours on Monday. The pair depreciates as the US Dollar (USD) declines amid weaker-than-expected US economic data and shifting central bank expectations.
WTI posts modest gains above $81.50 as traders weigh US-Iran deadlock
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $81.60 during the Asian trading hours on Monday. WTI remains volatile as talks to reopen the Strait of Hormuz have completely deadlocked. Â
Israel attacks Lebanon as US prepares fresh Iran sanctions
Israel has resumed airstrikes against Lebanon in the past few days after scaling back its attacks in the enclave earlier this month, Reuters reported on Sunday.
United States Baker Hughes US Oil Rig Count rose from previous 454Â to 455
United States Baker Hughes US Oil Rig Count rose from previous 454Â to 455
Natural gas: Tight European balance and storage risks – Commerzbank
Commerzbank’s Norman Liebke stresses that European natural gas remains structurally tighter than Oil as Qatar LNG is cut off and US cargoes are redirected to Asia.
Norwegian Krone: Range-bound near term, stronger in 2027 against Euro – Nordea
Nordea strategists see the Norwegian Krone (NOK) broadly stable over the next six months after July’s EUR/NOK decline, driven by higher Oil prices and Norges Bank’s increased NOK purchases.