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Oil Tanker Daily Hire Rate Tops $1 Million for First Time Amid Iran War and Hormuz Strait Ship Shortage
The cost of hiring an oil tanker on the industry’s benchmark trade route reached $1.035 million a day on Monday, according to data from the Baltic Exchange in London. This marks the first time the dai
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Brent crude rises above $100 as Iran war disrupts Hormuz shipping and Houthi capture of Mayun Island raises Bab al-Mandeb concerns
Al Jazeera reports that Brent crude has risen above $100 a barrel due to the war in Iran disrupting shipping through the Strait of Hormuz. Additionally, the Houthis' capture of Mayun Island is raising
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Iranian state-linked Tasnim News rejects Trump’s claim that Tehran wants a quick deal with Washington
Iranian state-linked Tasnim News rejected Trump’s claim that Tehran wants a quick deal with Washington. The outlet said Iran has repeatedly stated it does not seek negotiations with the U.S. governmen
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Trump says U.S. is open to engaging with Iran, will determine whether to choose to engage
Trump says U.S. is open to engaging with Iran, will determine whether to choose to engage
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Iran War fiscal pressure may lead Gulf states to prioritize domestic investments over US commitments, PIIE report says
A new analysis from the Peterson Institute for International Economics (PIIE) indicates that the ongoing conflict between the United States and Iran is creating fiscal pressure for Saudi Arabia, Qatar
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Saudi Arabia's East-West oil pipeline was shut down last Thursday after a drone attack, affecting 5% of global oil supply.
The 1,200-kilometer pipeline, with a daily capacity of approximately 4 million to 5 million barrels, connects Saudi Arabia's eastern oil-producing regions to the Red Sea port of Yanbu, allowing it to
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Etihad Airways CEO says passenger capacity up 15-17% year-on-year despite Iran war, with strong demand and 92% load factor in August
Abu Dhabi's Etihad Airways CEO Antonoaldo Neves stated that the airline's passenger-carrying capacity (Available Seat Kilometres) is currently 15% to 17% higher than a year ago. He noted strong demand
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Bloomberg Intelligence's Sanders: Iran is exploiting Houthi attacks as a 'wildcard'
Col. Wayne Sanders (Ret.) of Bloomberg Intelligence examines the role being played by Yemen’s Houthis against Iran’s Gulf state neighbors and the importance of Oman to the US in the Middle East.
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Silver futures fell 0.6% to $63.35, as expectations for a Federal Reserve rate hike increased and due to Middle East attacks.
On Monday, September 14, 2026, December silver futures opened at $64.79 per ounce, down 0.6% from Friday's close, and had fallen to $63.35 by 7:18 AM ET. Silver prices extended Friday's losses, primar
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GasBuddy Analyst: Americans have spent an additional $109.2 billion on gasoline and diesel since March, with the daily increase currently around $730 million.
According to Patrick De Haan, head of petroleum analysis at GasBuddy, U.S. consumers and truckers have spent an estimated $109.2 billion more on gasoline and diesel since March 1 compared to the same
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Iran's Persian Gulf Strait Authority Publishes Updated List of 77 Vessels Violating Protocols for the Strait of Hormuz, Threatening Fines, Detention or Confiscation
Iran's Persian Gulf Strait Authority Publishes Updated List of 77 Vessels Violating Protocols for the Strait of Hormuz, Threatening Fines, Detention or Confiscation
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Iran states US, not lack of mediation, is main obstacle to diplomacy
Iran states US, not lack of mediation, is main obstacle to diplomacy
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Trump says U.S. may keep Iranian oil 'like Venezuela' as Hormuz talks stall, citing Venezuela deal revenue 'paid for war many times'
Former President Trump stated on Sunday that the U.S. could continue its campaign against Iran and take control of its oil, likening it to the deal with Venezuela. He added that U.S. revenue from the
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Qatar steps up efforts to attract Chinese companies amid Gulf trade route disruptions and China's supply chain diversification push
Qatar is stepping up efforts to attract Chinese companies as the conflict involving Iran disrupts trade routes in the Gulf, adding urgency to a broader push by Chinese businesses to diversify supply c
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Iranians Are Running Out of Gas as Economic Squeeze Takes Hold
Iranians Are Running Out of Gas as Economic Squeeze Takes Hold
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Guyana's President: Oil Revenue Surges Due to Iran Conflict
Guyana's President, Mohamed Irfaan Ali, stated that the country's oil revenues have sharply increased in recent months due to the Iran conflict reshaping global markets. He emphasized that he does not
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Iran-Gulf States' Planned Sept 14 Hormuz Talks Postponed, Omani FM Says
Omani Foreign Minister Badr Albusaidi announced on Sunday that a planned September 14 meeting in Oman between Iran and Gulf states, aimed at discussing possible Strait of Hormuz arrangements, has been
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U.S. Energy Secretary Chris Wright Warns Against Hormuz Deal Optimism, Iran to Propose Temporary Shipping Lane on Monday
U.S. Energy Secretary Chris Wright warned traders against expecting a quick Strait of Hormuz breakthrough with Iran, noting that alternative routes are currently supplying about 10 million barrels a d
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HSBC raises 2026 Brent crude forecast to $90 from $80, sees rebalancing by mid-2027
The bank also raised its 2027 forecast to $85 from $65, and set a longer-term assumption of $75 from 2028 onward. Senior oil analyst Kim Fustier wrote that oil markets are unlikely to rebalance until
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Trump says he doesn't care if Gulf nations meet with Iran
Trump says he doesn't care if Gulf nations meet with Iran
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Trump on Iran: Iran wants to make a deal so badly
Trump on Iran: Iran wants to make a deal so badly
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Trump on Iran: The Iran war will end, possibly before or right after the midterms.
Trump on Iran: The Iran war will end, possibly before or right after the midterms.
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Al Jazeera Analysis: Iran War Reveals BRICS' Limits in Translating Economic Weight into Geopolitical Sway
The analysis highlights that the BRICS bloc struggled to achieve a unified stance on the US-Israel war on Iran, failing to condemn the US directly in its summit declaration. This demonstrates the diff
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Al Jazeera Analysis: Houthi Escalation in Yemen Could Backfire, Leading to a Unified Front in the Red Sea Region
Al Jazeera noted in an analysis that the Houthis and Iran are attempting to gain leverage through escalating actions in Yemen, but this move could backfire, leading to the formation of a united front
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Iran hints at potential reopening of the Strait of Hormuz within 7 days if the US eases military pressure; WTI crude falls to $89.
According to multiple reports citing a senior Iranian official, Iran could reopen the Strait of Hormuz within seven days if the United States eases military pressure and lifts the port blockade. Follo
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Two oil tankers were attacked in the Strait of Hormuz, after Iran claimed to have received intelligence that the US was planning new attacks.
The UK Maritime Trade Operations agency reported on Monday that two oil tankers were attacked in the Strait of Hormuz. This came a day after Iran stated it had received intelligence that the United St
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Pakistan, Iran Discuss Regional Peace; Islamabad Seeks to Revive Stalled US-Iran Talks
Pakistan’s Interior Minister Mohsin Naqvi met his Iranian counterpart Eskandar Momeni in Tehran to discuss regional peace and stability, as Islamabad continues diplomatic efforts to revive stalled tal
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G7 Calls on Iran to Stop Arming Yemen's Houthis, Says Attacks on Saudi Arabia Threaten Global Energy Security
G7 foreign ministers stated in a joint communiqué that Iran must "end its arming and support of the Houthis in Yemen" and condemned Houthi attacks on Saudi Arabia "in the strongest terms." The G7 note
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Binance Responds to US Prosecutors' Investigation into Iran-Related Transactions: "Zero Tolerance" for Sanctions Violations, Will Fully Cooperate with Law Enforcement
In response to reports that U.S. prosecutors are investigating whether Binance allowed transactions related to Iran, Binance stated that the company has a "zero-tolerance policy" for sanctions violati
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The U.S. Department of Justice is investigating whether Binance violated Iran sanctions.
U.S. federal prosecutors are investigating whether Binance Holdings Ltd., the world's largest cryptocurrency exchange, violated U.S. sanctions against Iran by failing to prevent certain transactions o
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Iran's IRGC says US, Israel 'must accept withdrawal' from region
Iran's IRGC says US, Israel 'must accept withdrawal' from region
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The Trump-Xi summit is being held this week and is expected to extend the trade truce and discuss Iran.
China's Foreign Ministry confirmed on Monday that Chinese President Xi Jinping will visit the United States from Wednesday to Friday for a summit with US President Donald Trump. The two sides are expe
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U.S. diesel prices hit a record $6.51 on Monday, with top Republicans pressuring the Trump administration to ban exports.
U.S. retail diesel prices surged to a record high of $6.51 per gallon on Monday, marking an increase of over 70% since February before the outbreak of the Iran war. Republican lawmakers from agricultu
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Donald Trump stated his willingness to meet with Iranian President Pezeshkian to seek a breakthrough in the Middle East situation.
US President Donald Trump stated he is willing to meet with Iranian President Masoud Pezeshkian, who is expected to attend the UN General Assembly this week. This move comes amidst a weekend of escala
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Asian stocks are poised to rise, buoyed by optimism in tech shares; oil prices fall on hopes of diplomatic progress in the Iran conflict.
Asian stocks are poised to rise, buoyed by gains in Wall Street tech shares and hopes for diplomatic progress in the Iran conflict, which led to a drop in oil prices.
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The Trump administration proposed establishing a $5 billion Middle East reconstruction fund for critical infrastructure damaged by the war in Iran.
The Trump administration proposed establishing a $5 billion Middle East reconstruction fund for critical infrastructure damaged by the war in Iran.
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Reuters/Ipsos Poll: Donald Trump's approval rating drops to a new political career low of 32%, with Republican support falling to 73%.
Reuters/Ipsos' latest poll shows that U.S. President Donald Trump's overall approval rating has fallen to 32%, a new low in his political career. Support for his performance within the Republican Part
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U.S. diesel prices surged to a record $6.51, as Republicans weigh a diesel export ban and a gas tax holiday.
Republicans are weighing a ban on diesel exports and a gas tax holiday ahead of the midterm elections, as soaring fuel costs pressure consumers and farmers, the Wall Street Journal reported. Congressi
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Fed's Goolsbee Says 'Aggressive' Action Needed on Inflation, Citing Overheating Demand and Iran Supply Shock
Fed's Goolsbee Says 'Aggressive' Action Needed on Inflation, Citing Overheating Demand and Iran Supply Shock
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The Iranian government announced several energy-saving measures to address fuel shortages, including adjusting government office hours to 1 PM and promoting public transportation.
In response to severe fuel shortages and economic challenges, the Iranian government announced that from September 23 until the end of March 2027, government office hours will be adjusted to 8 AM to 1
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Vance says Iranian oil is still flowing
Vance says Iranian oil is still flowing
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US Treasury Secretary Bessent states Iran issue discussed with China.
US Treasury Secretary Bessent states Iran issue discussed with China.
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US Treasury Secretary Bessent: All Iranian airlines will be shut down worldwide on Sept 23
US Treasury Secretary Bessent: All Iranian airlines will be shut down worldwide on Sept 23
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US Treasury Secretary Scott Bessent said he could not say how long the conflict with Iran would last.
US Treasury Secretary Scott Bessent said he could not say how long the conflict with Iran would last.
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Iran's IRGC Spokesperson Warns of New Weapons and Unattacked Enemy Targets
An Iranian Revolutionary Guard Corps (IRGC) spokesperson reportedly stated that the world has “not yet seen the power and precision” of Iran’s new weapons. The spokesperson also claimed Iran has addit
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U.S. Representative Waltz states Trump is always open to talks, Iran needs to come to the table
U.S. Representative Waltz states Trump is always open to talks, Iran needs to come to the table
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Iran’s GDP shrank 10.1% in Q1 (March 21-June 20) amid US-Israel war, with oil and gas sector contracting 26.4%
Official data from the Statistical Center of Iran shows the country's gross domestic product (GDP) contracted by 10.1% year-on-year during the first quarter of the Persian calendar (March 21 to June 2
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Brent Crude Falls to $101.19 Amid Speculation of Trump-Iran President Meeting, Driving Rebound in French and Italian Government Bonds
Brent Crude Falls to $101.19 Amid Speculation of Trump-Iran President Meeting, Driving Rebound in French and Italian Government Bonds
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