Standard Chartered says oil risk now spans two Middle East chokepoints
Standard Chartered says Middle East oil risk has expanded from one strategic chokepoint to two, with the Bab el-Mandeb Strait…
Commodities News
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Oil falls more than 5% as US and Iran pause strikes over Strait of Hormuz
Global oil prices fell by more than 5% on Sunday evening after the US and Iran paused tit-for-tat strikes over…
U.S. Airlines Cut 2026 Earnings Guidance as Jet Fuel Costs Surge with Brent Above $100
Renewed Middle East hostilities pushed Brent crude back above $100 per barrel and drove U.S. jet fuel costs sharply higher….
Argentina’s Oil Output Hits Record 887,227 Barrels Per Day as Vaca Muerta Scales Up
Argentina's oil output hit an all-time high of 887,227 barrels per day in May 2026, 19% above the same month…
Brent Tops $100 as Houthi Tanker Strikes Leave a Second Oil Chokepoint Blocked
Brent crude topped $100 per barrel this week after Houthi strikes on two Saudi tankers left a second oil chokepoint…
