Saudi pipeline outage threatens up to 4% of global oil supply
Saudi Arabia risks losing up to 4% of global oil supply after drone attacks forced it to shut its main…
Commodities News
Latest commodities market news — gold, silver, oil, natural gas and metals. Price movements, supply factors and macro drivers explained by our analysts.
US sanctions Omid Haji Ahmad over alleged Iranian oil smuggling through Iraq
The U.S. has added Omid Haji Ahmad to its sanctions lists over his alleged role in smuggling Iranian oil, according…
Banks raise Brent oil forecasts as Gulf shipping disruptions persist
Bank of America, Goldman Sachs, HSBC and Commerzbank have all raised their Brent crude forecasts as shipping disruptions in the…
Iran ties Strait of Hormuz reopening to US compliance with truce terms
Iran's foreign minister says the Strait of Hormuz stays conditional on the United States returning to its truce commitments, keeping…
New Hormuz attack and Saudi pipeline shutdown push Brent above $100
A new attack on shipping in the Strait of Hormuz and a drone strike that forced Saudi Arabia to shut…
