Search
Search FinNotes
9 matches across 2 sections
Data series
Market news & articles
Crude climbs over $1 after Iran says Strait of Hormuz is shut following fresh U.S. strikes
Oil prices rose by more than $1 after Iran said the Strait of Hormuz was closed following additional U.S. strikes on Iranian cities. The move raised concerns over Middle East supply flows, while the U.S. Energy Information Administration said lower 2026 demand could limit the impact of disruption on prices.
Geopolitics & Trade · a day agoU.S. expands strikes on Iran as Trump warns of more action if no agreement is reached
The United States launched a second round of airstrikes on Iran early Thursday after Trump said additional attacks could follow if Tehran does not accept a deal. Iran responded with strikes toward Bahrain, Kuwait and Jordan, while negotiations remained unresolved and oil prices rose amid Strait of Hormuz tensions.
Geopolitics & Trade · 2 days agoU.S. says fighter jets struck Iranian radar and air defense sites after Army helicopter incident near Hormuz
The U.S. military said it carried out strikes on Iranian air defense, ground-control and surveillance radar sites near the Strait of Hormuz after a U.S. Army Apache went down off Oman. Two crew members were rescued and were in stable condition. Iranian media reported explosions in Qeshm, Sirik, Bandar Abbas and near Jask.
Geopolitics & Trade · 2 days agoIran Reports U.S. Strikes on Water Facilities in Sirik Left 20,000 Without Drinking Water
Iran said U.S. strikes hit two water reservoirs in the Sirik area of southern Iran, disrupting drinking water supplies for about 20,000 residents, including villages in the Bamani district. Local authorities were assessing damage to the water infrastructure, according to reports citing Iranian officials and state media.
Geopolitics & Trade · 4 days agoIndia urges Iran-Israel de-escalation, calls for diplomacy and civilian protection
India’s Ministry of External Affairs said renewed hostilities in West Asia, including between Iran and Israel, have raised international concern. India called on all parties to de-escalate immediately, protect civilians, and return to diplomatic engagement. The statement cited continuing humanitarian and economic costs linked to the conflict.
Energy & Commodities · 4 days agoUAE tenders at least 14 million barrels of Upper Zakum, Umm Lulu and Das for upcoming loadings
At least 14 million barrels of United Arab Emirates crude grades, including Upper Zakum, Umm Lulu and Das, were sold via a tender for loading over the coming months. Separately, seven participating countries agreed to a production adjustment of 188,000 barrels per day, according to an OPEC statement.
Energy & Commodities · 4 days agoBrent nears $97 and WTI tops $94 as Israel-Iran fighting and Lebanon strikes lift crude
Crude prices climbed more than 4% on June 8 as conflict escalated between Israel and Iran and Israel carried out strikes in Lebanon. Brent rose about $4 to around $97 a barrel and WTI gained about $4 to about $94. Reports cited concerns linked to disruptions around the Strait of Hormuz.
Energy & Commodities · 4 days agoOPEC+ to lift July oil quotas by 188,000 bpd as Hormuz disruptions curb exports
Seven OPEC+ countries agreed on June 7 to raise July production quotas by 188,000 bpd, taking the group’s July quota to 35.83 million bpd, excluding compensation for prior overproduction. The increase applies to Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman, with Iraq’s quota up 26,000 bpd, amid disruptions to flows through the Strait of Hormuz.