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United States Dollar Index holds gains near 100.00 due to renewed US-Iran tensions
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currenc...
S&P 500, Nasdaq, Dow Futures Slip After Trump Warns Iran Of Fresh Strikes Over Hormuz Standoff: INTC, MLTX, SNDK, KEEL In Focus
Iran argued that Washington had failed to uphold commitments to curb hostilities in Lebanon....
BoJ’s Himino: Delaying adjustment in monetary easing risks price overshoot
Bank of Japan (BoJ) Deputy Governor Himino said on Monday that delaying adjustment in monetary easin...
Exxon Set to Supply LNG to South Africa’s First Import Terminal
ExxonMobil and the company developing South Africa’s first LNG import terminal have signed a preliminary agreement for the U.S. supermajor to supply LNG to the proposed import terminal at the Port of ...
Shipping Industry Remains Wary Despite U.S.-Iran Agreement
Shipping firms remain reluctant to navigate the Strait of Hormuz sea passage despite this week’s peace deal, according to a boss of the industry’s lobby group who warned that trade volumes will not re ...
TotalEnergies: Saudi Refinery Won’t Fully Recover Until 2027
A major Saudi Arabian refinery damaged during the Iran conflict will not return to full operations until early 2027, according to TotalEnergies CEO Patrick Pouyanné, raising fresh concerns about the p ...
US Crude Oil, Gasoline Inventories Still Falling: EIA
Crude oil inventories in the United States decreased by 8.3 million barrels during the week ending June 12, according to new data from the U.S. Energy Information Administration (EIA) released on Wedn ...
Poland Moves To Tax Fuel Windfalls Earned During Iran War
Poland’s government has approved a one-off windfall tax on fuel companies that benefited from soaring energy prices during the U.S.-Iran-Israel war, seeking to recover part of the billions spent prote ...
Trump Signals Renewed Focus on Ukraine After Iran Deal Breakthrough
US President Donald Trump held a "very good meeting" with his Ukrainian counterpart, Volodymyr Zelenskyy, at the G7 summit in France, he told journalists on June 16, adding that "Russia should make a ...
Falling Murban and Dubai Prices Open Arbitrage to U.S. and Europe
Crashing prices of Middle East’s key benchmark crudes in the wake of the U.S.-Iran deal have opened arbitrage for shipping oil from the Middle East to the United States and Europe, traders told Reuter ...
ECB: Iran Peace Deal Won't Erase Europe's Energy Price Shock
Europe will have to contend with the energy price shock for months despite the tentative U.S.-Iran agreement to end the war and reopen the Strait of Hormuz, European Central Bank (ECB) officials said ...
First Iranian Oil Moves Past U.S. Blockade Ahead of Deal Signing
Iran’s first observed crude oil exports in two months have moved past the U.S. blockade outside the Strait of Hormuz in a sign that Iran is wasting no time to take advantage of the tentative deal with ...
Global Gas Markets Get Another Boost as Australian LNG Strike Ends
A weeks-long strike action at the Ichthys LNG facilities in Australia is coming to an end after trade unions and Japanese energy company Inpex reached an agreement on pay and benefits. More than 430 m ...
Qatar Prepares LNG Comeback Ahead of Hormuz Reopening
Qatar has started to return LNG tankers back to the Middle East in anticipation of an imminent reopening of the Strait of Hormuz that would allow the world’s second-biggest LNG exporter to start produ ...
China’s Gasoline Car Market Is Crashing as Fuel Prices Surge
Gasoline car demand in China is slumping on higher fuel prices resulting from the crisis in the Middle East, with gas guzzlers such as Range Rover, fetching discounts of up to 60%, Bloomberg reported, ...