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Strait of Hormuz
Everything Briefed has filed against Strait of Hormuz, most recent first.
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Oil holds near recent range as traders watch OPEC+ supply signalsBrent is drifting sideways again this morning with no fresh catalyst, leaving traders parked between soft demand data and OPEC+ discipline. Nobody's forcing a breakout either way today.Shandong's tanks are running dry and Iran is the cheapest refillIndependent Chinese refiners in Shandong saw inventories fall to 360 million barrels in July, the lowest in eight months, according to Energy Aspects data cited by Bloomberg. These teapots already …Iran says it has a Hormuz deal with Oman. Shipowners aren't celebrating yetIran says it has struck an agreement with Oman over shipping through the Strait of Hormuz, the channel that carries roughly a fifth of the world's seaborne oil. Tehran is also reportedly pushing to…A Qatari LNG tanker struck near Hormuz. Oil is up 1.5 percent. The real number to watch is the insurance premium.Every time a ship takes a hit near the Strait of Hormuz, the market reprices two things simultaneously: the barrel and the route. Yesterday's strike on a Qatari gas tanker pushed oil up roughly 1.5…Hormuz disruption is rewriting Asia's energy mix in real timeJapan is switching gas capacity to coal because LNG cannot get through a choked Strait of Hormuz, and that single operational decision tells you more about energy security than a year of policy pap…Oil heads for a quarterly loss and Morgan Stanley's glut warning has teethBrent crude is on course for a quarterly decline, with Morgan Stanley citing OPEC+ production increases, weaker Chinese industrial demand, and a US economy consuming less energy per unit of output …US-Iran halt strikes ahead of talks, but oil already priced in the reliefThe ceasefire signal is real, but do not mistake de-escalation for resolution. Washington and Tehran have agreed to pause strikes and meet this week, which was enough to push Brent higher in early …Aramco helicopter crashes at Saudi portAn Aramco helicopter came down at a Saudi Arabian port facility. No production disruption has been reported and the incident does not appear to affect oil output or export logistics at this stage.Oil extends its slide as Hormuz traffic resumes post-peace talksBrent is falling again this morning as tanker traffic through the Strait of Hormuz picks up following the Iran-US ceasefire diplomacy. The risk premium that briefly pushed oil higher when Hormuz lo…Hormuz reopens. Oil heads for its worst week since the crisis began.The largest oil supply shock since the 1970s is unwinding faster than most traders priced in, and crude is paying the price. Brent has dropped roughly 27% over the past month, falling toward the mi…Saudi supertankers are moving again. The oil market is pricing the deal before it is signed.Saudi supertankers heading for the Gulf of Oman is the physical confirmation of what crude futures already priced on Thursday: the US-Iran preliminary framework is real enough that shipping operato…Oil futures drop as ships move toward reopened HormuzBrent crude fell 3% to $111/bbl after at least one vessel successfully passed through the Strait of Hormuz, signaling partial reopening of the chokepoint that carries 20% of global oil supplies. Ir…Gold jumps as Iran deal prospects temper inflation fearsGold rose above $4,700/oz as signs of U.S.-Iran progress shift trader focus from geopolitical risk to the inflation outlook. Spot gold gained over 1% after touching March lows, with CFTC data showi…European gas plunges 8% on U.S.-Iran deal optimismDutch TTF futures dropped over 8% to €46-48/MWh as Treasury Secretary Scott Bessent said the U.S. Is "nearing the end of the war in Iran" and expects gas prices "with a three in front of it." The m…Japan's plastic addiction creates supply risk as Iran tensions mountJapan generates 129kg of plastic waste per person annually, heavily dependent on petrochemical feedstocks from the Gulf that transit the Strait of Hormuz. Tokyo Bay anchovies show 80% plastic parti…UK cuts Russian oil cap as US eases sanctionsThe UK lowered its oil price cap on Russian crude from $60 to $47.60 per barrel while the US temporarily loosened restrictions for 30 days to contain fuel prices amid Iran-related supply disruption…Iran rejects nuclear halt, keeps Hormuz closedTrump's 14-point peace proposal died yesterday after Iran's counterproposal ignored every nuclear concession the White House demanded. Tehran's response, delivered after a 10-day wait, focused enti…Gold steady at $4,697 as Iran clashes dim truce hopesUS strikes on Iranian military targets killed yesterday's peace rally in precious metals. Gold held near $4,697 per ounce after Iranian attacks on three Navy destroyers in the Strait of Hormuz esca…Oil crashes 10% as Iran reopens Hormuz, but Trump keeps the squeezeIran declared the Strait of Hormuz fully open Friday after seven weeks of closure, triggering the sharpest oil sell-off since March 2022. WTI fell to $84.95 per barrel while Brent dropped to $90.87…Trump's Hormuz escort starts Monday, Iran calls it humanitarianSix weeks of shipping gridlock ends Monday as Trump begins guiding neutral vessels through the Strait of Hormuz, bypassing Iranian-controlled routes. The USS Frank E. Peterson Jr. Already cleared I…Gold steadies as markets weigh Trump's Iran diplomacyGold held steady after a second weekly decline as traders parsed mixed signals from Trump's Hormuz escort plan and ongoing Iran negotiations. The administration reviews a new Iranian proposal to re…UAE offers oil buyers Fujairah pickup as Hormuz alternatives hit capacityAbu Dhabi is directing customers to load crude outside the Strait of Hormuz for the first time in the current crisis, acknowledging that bypass routes are maxing out. ADNOC informed term buyers the…Shin-Etsu withholds annual forecast as Iran war hits chemical supply chainsJapan's largest chemical producer cannot predict its own revenue twelve months out because the Strait of Hormuz has been closed for seven weeks. Shin-Etsu Chemical announced it is withholding full-…Trump orders Navy blockade as Iran talks collapseThe ceasefire that pulled markets back from March lows is dead. Trump ordered the Navy to blockade the Strait of Hormuz starting Monday after firing on Iranian vessels, while Iranian state media co…Goldman raises oil forecast as Hormuz disruption drags onGoldman expects Brent crude to hit $71 per barrel in Q4, up from its previous $66 forecast, but warns of $140 spikes if the Strait stays closed. The bank models 21 days of low flows followed by 30-…UAE floats dollar swap line as oil revenues craterThe UAE's central bank governor pitched a currency swap arrangement with Treasury Secretary Bessent and Fed officials in Washington, framing it as insurance against worst-case scenarios rather than…Goldman's Calnon sees opportunity in Strait of Hormuz closureGoldman Sachs strategist identifies investment opportunities emerging from Middle East shipping disruptions.Hormuz disruption triggers food shock warnings from grain tradersAgricultural commodity traders are pricing in a global food crisis if Iran escalates Strait of Hormuz disruptions beyond the current partial blockade. Wheat futures jumped 12 percent this week as 3…Iran closes Strait of Hormuz as oil breaks $80Twenty percent of global oil flows through the Strait of Hormuz, and Iran just shut it down again. European gas futures jumped 12 percent overnight after Iranian forces seized what Trump claims was…Global fertilizer scramble as spring planting deadline loomsThe Middle East war has triggered a global race for fertilizer that could make food inflation look tame. With the Strait of Hormuz effectively closed, urea prices have spiked 28% as nations scrambl…Trump threatens NATO over Europe's Iran war abstentionTrump can't quit NATO legally, but he's testing every way to hurt it. After European allies refused to help reopen the Strait of Hormuz, Trump tweeted criticism of the alliance and threatened troop…Oil crashes 13% on Iran ceasefire but fragility concerns mountBrent crude plunged 13% to around $95 per barrel following Trump's Iran ceasefire announcement, marking the steepest oil drop since the 1991 Gulf War. The selloff reflects hopes Iran will reopen th…Trump claims energy independence despite global oil shockPresident Trump argued the US imports "almost no oil" through the Strait of Hormuz and urged NATO allies to reopen the waterway themselves, despite gasoline averaging over $4 per gallon nationwide.…Oil crashes 16% as Trump accepts Pakistan-brokered Iran ceasefireBrent crude plunged to $92 from record highs above $144, marking the largest single-day drop since 1991's Gulf War, after President Trump agreed to a two-week ceasefire that reopens the Strait of H…Iran charges $2m for Hormuz 'safe passage'Iran established a de facto shipping corridor through territorial waters near Larak Island, with one tanker operator reportedly paying $2 million for IRGC transit approval. Nine ships have used the…Asian markets rally hinges on fragile Hormuz truceAsian stocks surged 0.7-8% with oil dropping below $100 as ceasefire hopes spread, but strategists warn the rally depends entirely on Hormuz reopening. Iran earns $139 million daily from oil export…Oil war premium may outlast Iran conflict, strategist warnsBrent crude's 60% surge to $104.63 since the Iran war began could persist even after fighting ends if the Strait of Hormuz remains unstable, according to Homin Lee at Lombard Odier. The strategist …Trump's Iran ultimatum expires Tuesday as ceasefire talks stallDonald Trump extended his deadline for Iran to reopen the Strait of Hormuz until Tuesday 8pm ET, threatening strikes on power plants and bridges if Tehran refuses. Pakistani, Egyptian and Turkish m…Saudi Arabia hikes oil prices to record $19.50 premiumSaudi Aramco raised its flagship Arab Light crude price for Asian buyers to a record $19.50 per barrel premium above regional benchmarks, responding to Iran's near-closure of the Strait of Hormuz. …India scrambles for fertiliser as war hits Gulf suppliesIndian Potash Limited issued a tender for 2.5 million tonnes of urea as Middle East conflict disrupts supplies ahead of monsoon planting season. At least 21 vessels carrying 919,000 tonnes of urea …