European natural gas edged higher after talks between the US and Iran appeared to get off to a shaky start, with President Donald Trump issuing fresh threats even as discussions on a peace deal proceed. ›
Stocks in the US and Europe struggled for direction, finding little support from lower oil prices following signs of diplomatic headway between the US and Iran. ›
Oil prices rose on Friday as the prospect of a lasting truce between the U.S. and Iran was clouded after peace talks in Switzerland were called off and as Israel stepped up attacks on Lebanon. ›
Oil prices fell by more than $2 per barrel on Thursday after the U.S. and Iran signed an interim agreement that would end the Iran war, reopen the Strait of Hormuz and waive U.S. sanctions on Tehran’s oil, boosting the oil supply outlook. ›
Oil prices fell slightly on Wednesday as investors gauged the impact of a U.S.-Iran peace deal, while uncertainty over full resumption of shipping through the Strait of Hormuz limited price declines. ›
Oil prices extended losses on Tuesday, as markets weighed prospects for a resumption of supply through the key Strait of Hormuz against shaky physical market drivers and a lack of details from a preliminary deal to end the Iran war. ›
Oil prices slipped to a three-month low on Monday after U.S. President Donald Trump and Iran’s deputy foreign minister said they had reached an initial deal to end the war and to resume traffic through the Strait of Hormuz. ›
Oil erased an earlier increase as concerns over fresh attacks between the US and Iran were offset by continued signs of rising oil flows through the Strait of Hormuz and depressed Chinese consumption. ›
China has started tapping its commercial crude reserves to help offset the supply shock from the Iran war, although the world’s biggest oil importer is continuing to prioritize lower refinery use and fuel export limits to manage the fallout. ›
Liquefied natural gas prices are set to climb to levels not seen in more than three years as hotter weather in Asia and restocking needs in Europe boost demand, according to Morgan Stanley. ›
