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July 14: U.S. says it struck Iranian coastal sites after UAE reports cruise-missile attack on two tankers in Hormuz
CENTCOM said its July 13 mission targeted Iranian air defense, radar, missile, drone and small-boat assets across several coastal locations and issued notice that a naval blockade regime resumes July 14. Regional media citing the UAE Ministry of Defence said two tankers in Omani waters were hit by two Iranian cruise missiles, with one fatality and multiple injuries.
Energy & Commodities · 12 days agoOil reaches four-week high with Brent above $85 amid renewed U.S.-Iran action in the Strait of Hormuz
Brent traded around $85.20 a barrel and WTI near $80.05 in early Singapore hours on July 14, with Brent at its highest level in four weeks. Brent had risen 9.6% in the previous session. Ship counts through Hormuz fell to 11 on July 12 from 32 on July 10, and tanker attacks were reported.
Energy & Commodities · 12 days agoJune 11: OPEC cuts 2026 world oil demand growth estimate to 970,000 bpd
On June 11, OPEC lowered its 2026 global oil demand growth forecast to 970,000 barrels per day from 1.17 million, implying total demand of 106.13 million bpd. It left economic growth assumptions unchanged, raised its 2027 demand growth outlook to 1.73 million bpd, and reported May OPEC+ output at 33.13 million bpd.
Energy & Commodities · 18 days agoU.S. launches strikes on Iran, revokes oil-sales license after Hormuz vessel attacks
Reuters reported attacks on three commercial vessels in the Strait of Hormuz and said U.S. Central Command described subsequent U.S. strikes on Iran as responsive to the shipping incidents. Brent settled at $74.16 a barrel and WTI at $70.44, while OFAC limited previously authorized Iran oil trade to wind-down activity through July 17.
Energy & Commodities · 18 days agoOil gains about 3% in early Asia after renewed U.S.-Iran strikes and tighter limits on Iranian crude
Brent and WTI each rose about 3% intraday as markets assessed renewed military exchanges between the United States and Iran and Washington's move to restore restrictions on Iranian crude sales. Traders also tracked risks to Strait of Hormuz shipping, expected U.S. inventory draws and short-covering from large bearish positions.
Geopolitics & Trade · 20 days agoJune 18: More ships resume Strait of Hormuz passages as US-Iran ceasefire remains in effect
Danish shipping group BIMCO said more vessels were resuming Strait of Hormuz passages after the US-Iran ceasefire, but warned that congestion, navigational incidents and electronic interference still affect transit decisions. It said operators should rely on voyage-specific risk assessments and official advisories, and that a return to pre-conflict traffic could take months.
Energy & Commodities · 20 days agoCanada and Alberta Move Ahead With 1 Million bpd West Coast Oil Pipeline to Expand Non-U.S. Exports
Ottawa said it will refer Alberta’s proposed heavy-crude pipeline to the Major Projects Office for possible national-interest fast-tracking. The project would transport 1 million barrels per day from Alberta to British Columbia’s coast, with Trans Mountain leading development, Pembina investing, and consultations on Indigenous equity participation starting immediately.
Energy & Commodities · a month agoMine-clearance and insurer sign-off could keep Strait of Hormuz traffic below normal for months
Reuters and industry groups said shipping through the Strait is unlikely to normalize immediately after any political reopening because mines still need to be located and cleared, routes and naval procedures coordinated, and insurers, charterers and shipowners satisfied on residual risk before regular oil transit resumes.
Geopolitics & Trade · a month agoU.S. says Iran agreed to pause attacks and resume talks under Hormuz accord; Tehran has not confirmed
A U.S. official said Washington and Tehran agreed to halt attacks and continue technical talks under a June 17 memorandum of understanding after several days of strikes following an incident in the Strait of Hormuz. Iran had not confirmed a final decision, and the report did not indicate Iranian official confirmation of the pause.
Geopolitics & Trade · a month agoU.S. and Iran agree to pause military action, restart Doha talks and keep Hormuz shipping open
A U.S. official said Washington and Tehran agreed to stand down after recent exchanges, continue technical discussions under an interim memorandum, and aim for a June 30 meeting in Doha. The arrangement includes continued commercial transit through the Strait of Hormuz while negotiations proceed.