Commodities
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Strait of Hormuz Traffic Collapsed in March 2026 as Conflict Hit Oil Chokepoint
DUBAI, July 10 — Approximately 21 million barrels per day of crude oil and petroleum products transited the…
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Strait of Hormuz Ship Tracking Shows Far Fewer Crossings Than US Claims
LONDON, July 10 — For all the noise about energy transition, the salient point remains that the world’s…
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Ukraine Renews Drone Strikes on Russian Oil Refineries, Killing at Least Three
MOSCOW, July 10 — Ukrainian drone strikes on Russian oil facilities have tightened global markets for refined fuels,…
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Brent Crude Nears $100 as U.S. Strikes Iranian Tankers, Iran Vows Response
WASHINGTON, July 9 — Oil prices are once again in the crosshairs of geopolitics, and the numbers help…
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Brent Crude Jumps to $112.2 a Barrel as Iran Conflict Disrupts Gulf Shipping
LONDON, July 9 — The shift is subtle but significant. Oil markets are recalibrating risk, and the price…
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U.S. Strategic Petroleum Reserve Falls to 316.5 Million Barrels as Hormuz Crisis Drags On
WASHINGTON, July 9 — The Strategic Petroleum Reserve, the world’s largest emergency crude oil stockpile, sits at roughly…
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Beyond Oil: Helium, Fertiliser and LNG Also Pass Through the Strait of Hormuz
MANAMA, July 9 — For communities across Asia that depend on imported energy, the Strait of Hormuz is…
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Gas Prices Jump 43 Cents in a Week as Iran Strikes Send Oil Soaring
WASHINGTON, July 8 — The math on oil prices and inflation is straightforward, but the consequences ripple through…
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IMF Expects Global Oil Inventories to Fall to Five-Year Low by July
SINGAPORE, July 8 — Global oil inventories are sitting at their lowest level in five years, a fact…
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Why Oil Rose Only About 3% When Iran Declared the Strait of Hormuz Closed
MANILA, July 8 — For communities across Asia that rely on stable energy prices to keep their economies…
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Iran War Shuts Strait of Hormuz and Pushes Oil to $119 a Barrel
LONDON, July 8 — For all the noise around the geopolitics of the Persian Gulf, the salient point…
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Chalmers Warns Iran Ceasefire Breakdown Threatens Growth and Inflation
SINGAPORE, July 8 — The global petroleum market is holding its breath, watching a narrow stretch of water…
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Saudi Arabia Reroutes Oil Through Desert Pipeline After Hormuz Closure
MANAMA, July 8 — The Strait of Hormuz remains the world’s most critical oil transit chokepoint, a narrow…
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Strait of Hormuz Closure Could Push Oil Past $98 and Cut Global Growth, Dallas Fed Says
MUSCAT, July 8 — Global energy markets are watching a narrow stretch of water with renewed concern this…
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Ukrainian Drones Hit Russia’s Omsk Refinery a Second Time After July Shutdown
MOSCOW, July 7 — When a Ukrainian drone struck the Omsk Refinery on August 26, 2024, the shockwaves…
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How Oil Grew From One Pennsylvania Well Into a Force in the Global Economy
WASHINGTON, July 7 — The story of petroleum is one of discovery, power, and profound economic consequence. For…
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Ukrainian Drones Hit Omsk Refinery, Russia’s Largest, 2,500 Km From the Border
OMSK, July 7 — The Omsk Oil Refinery, Russia’s largest by crude oil processing capacity, remains a critical…
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Ukrainian Drones Strike Gazprom Neft’s Omsk Refinery in Western Siberia
MOSCOW, July 7 — Against the backdrop of an energy sector already reshaped by years of Western sanctions,…
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Ukraine Says Drones Hit Omsk Refinery in Deepest Strike Into Russia Yet
OMSK — A drone strike on May 9, 2024, that ignited a processing unit at the Omsk Refinery…
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Hormuz Blockade Puts Spotlight on Five Other Chokepoints Threatening World Trade
TEHRAN, July 7 — About 21 million barrels of oil per day passed through the Strait of Hormuz…
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Strait of Hormuz Disruption Pushes Brent Above $90, UNCTAD Says
TEHRAN, July 7 — The Strait of Hormuz, a narrow waterway that has long been the flashpoint for…
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Global Oil Prices Surge as Strait of Hormuz Shipping Halts
DUBAI, July 7 — Global oil markets are still feeling the shockwaves from an attack more than a…
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Oil Climbs Above $104 as Hormuz Tanker Attacks and Hurricane Isaias Threaten Supply
MUMBAI, July 7 — The threat of a disruption at the Strait of Hormuz is the kind of…
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Attacks on Strait of Hormuz Push Global Oil Prices Higher
DUBAI, July 6 — Global oil markets are once again staring down the barrel of disruption in the…
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