Drone strike on Strait of Hormuz tanker deepens oil shipping risk
A drone struck a tanker as it left the Strait of Hormuz, the UK Maritime Trade Operations said, causing minor…
Commodities News
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European Gas Secures Strongest Weekly Rally Since July on Hormuz Impasse
European natural gas benchmarks are on track for their strongest weekly rally since late July, as a diplomatic breakdown over…
Oil rises after US threatens indefinite blockade of Iran
Oil prices rose Friday after the United States said it could keep a naval blockade of Iran running indefinitely and…
Gold caught in compression zone as double top forms near $4,509
Gold trades at $4,389.60 on the 5-hour chart, squeezed between SuperTrend support at $4,367.97 and SMA(20) resistance at $4,435.87. A…
Hormuz Standoff Raises Risk of $120-140 Oil as Refined Fuels Tighten
Traffic through the Strait of Hormuz has fallen to two-month lows as the standoff between the U.S. and Iran drags…
