Tag: #oil

Trump Pauses 'Project Freedom' as Iran Talks Reportedly Progress; Oil Falls, Markets Rally

Trump said he was pausing the U.S. naval 'Project Freedom' amid reported Iran talks; oil prices fell and global markets rallied on easing tensions.

#iran, #straitofhormuz, #oil, #markets

U.S. Launches 'Project Freedom' to Escort Shipping Through Strait of Hormuz

U.S. forces began "Project Freedom" on May 4 to escort commercial ships through the Strait of Hormuz after disruptions trapped thousands of mariners.

#straitofhormuz, #usmilitary, #maritimesecurity, #oil

Interior Schedules June 5 ANWR Coastal Plain Lease Sale — First Under 2025 Law

Interior schedules an ANWR Coastal Plain oil-and-gas lease sale for June 5 — the first required under a 2025 law that mandates repeated auctions despite weak bids and pending litigation.

#anwr, #alaska, #oil, #leasing, #environment

Japan to Release Second Tranche of National Oil Reserves, Shipments Start May 1

Japan will release 5.8 million kiloliters — about 20 days of use — from national reserves starting May 1 to steady supplies amid Middle East disruption.

#japan, #oil, #energysecurity, #strategicreserves

Trump and Iran Offer Conflicting Claims on Strait of Hormuz Reopening, Leaving Shippers Uncertain

Trump and Iran issued overlapping statements on the Strait of Hormuz reopening; a U.S. blockade targeting Iran may still apply, leaving shippers and markets uncertain.

#iran, #straitofhormuz, #oil, #shipping

U.S. Treasury Sanctions Dozens in Sweep Targeting Iranian Oil‑Smuggling Network and Gold‑for‑Oil Channel Linked to Hizballah

Treasury blacklists 20+ people, firms and tankers in an April 15 sweep targeting an Iranian oil‑smuggling network and a Venezuela‑Iran gold‑for‑oil channel tied to Hizballah.

#iran, #sanctions, #treasury, #hizballah, #oil

U.S. Sends Destroyers to Clear Mines in Strait of Hormuz and Will Publish Safe Shipping Corridor

Two U.S. destroyers have entered the Strait of Hormuz to begin mine‑clearance; the Pentagon will publish a mapped corridor to reopen commercial shipping.

#iran, #us, #straitofhormuz, #maritimesecurity, #oil

U.S. to Blockade Ships Calling at Iranian Ports on April 13, CENTCOM Says

CENTCOM says U.S. forces will begin blockading vessels entering or leaving Iranian ports on April 13, targeting Iran’s seaborne trade while sparing global transit.

#iran, #us, #maritime, #oil

Vance and Iran’s Parliament Speaker Meet in Islamabad to Try to Extend U.S.–Iran Truce

U.S. Vice President J.D. Vance and Iran’s parliament speaker met in Islamabad for Pakistan‑mediated talks to try to turn a two‑week truce into a broader ceasefire.

#iran, #pakistan, #unitedstates, #ceasefire, #oil

EOG Doubles Q1 2026 Tax Outlook to $500–$600 Million After Oil Rally

EOG raised its projected current tax expense for Q1 2026 to $500–$600M, citing higher crude prices tied to Middle East conflict — lifting the tax midpoint about $270M.

#eog, #oil, #energy, #taxes, #commodities

Chevron Warns Accounting ‘Timing Effects’ and Working‑Capital Outflow Could Cut Billions From Q1 Results

On April 9, Chevron warned marking derivatives, LIFO inventory and a $2–4bn working‑capital outflow could trim roughly $2.7–$3.7bn from Q1 results.

#chevron, #oil, #earnings, #accounting, #energy

Maersk Keeps Ships on Longer Detours Despite Two‑Week Ceasefire for Strait of Hormuz

Maersk will keep vessels on longer detours despite a US‑Iran two‑week ceasefire that could allow limited, conditional transit through the Strait of Hormuz.

#maersk, #shipping, #straithormuz, #oil

KOSPI Rockets 5.8% as U.S.-Iran Two-Week Ceasefire Eases Oil Fears

Seoul’s KOSPI surged 5.8% after a U.S.-Iran two-week pause in fighting drove oil prices lower and strengthened the won, triggering a broad relief rally.

#southkorea, #kospi, #oil, #iran, #stocks

Ukrainian Drones Hit Russia’s Baltic Oil Ports, Disrupting Exports and Jarring Global Markets

Late-March drone strikes set fires at Primorsk and Ust-Luga, briefly cutting Russian Baltic exports and tightening an already strained oil market.

#ukraine, #russia, #oil, #drones, #brent

Cooling Inflation Meets a New Oil Shock as Gas Prices Surge Toward $4

February CPI showed inflation near the Fed’s target. Then Middle East conflict jolted oil markets, pushing U.S. gas prices sharply higher.

#inflation, #gasprices, #federalreserve, #oil, #cpi