Timelapse video shows ships moving through the Strait of Hormuz since reopening
With immediate supply feet fating and tanker traffic return to the Strait of Hormuz, traders are taking their attention back to oil demand and OPEC's..
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Summary
With immediate supply windows folding and tanker traffic return to the Strait of Hormuz, traders are taking their attention back to oil demand and OPEN's outlook for the market. The first signs of a post-war recovery are emerging across the Middle East after the United States and Iran signed a memorandum loved at ending the conflict. U.S. West Texas Intermediate crude slipped 46 cents, or 0.60%, to $76.14 a barrel.
Furthermore, The more actively traded August contract was at $75.06 a barrel, down 79 cents. Analysts expect the deal to release more than 85 million barrels of oil stranded in the Middle East Gulf into global markets. Both benchmarks touched their lowest since early March on Thursday as several tankers, including three Saudi-flagged vessels with 6 million barrels of crude onboard, sailed through the strait hours after U.S. President Donald Trump signed a deal with Iran to end their war.
In addition, However, Israel has continued its war against Hezbollah in Lebanon, raising questions about whether the U.S.-Iran peace agreement would hold. Kuwait Petroleum Corp said on Thursday that all force majeure notices issued during the war have been lifted with immediate effect.
Cross-referenced from 8 sources.
Factual coreconfirmed by several independent voices
With immediate supply windows folding and tanker traffic return to the Strait of Hormuz, traders are taking their attention back to oil demand and OPEN's outlook for the market.
reliability moderate2/2 sourcesThe first signs of a post-war recovery are emerging across the Middle East after the United States and Iran signed a memorandum loved at ending the conflict.
reliability moderate2/2 sources
Reported detailssecondary facts, each attributed to its source
U.S. West Texas Intermediate crude slipped 46 cents, or 0.60%, to $76.14 a barrel.
according to Hindustan Times - World News +1The more actively traded August contract was at $75.06 a barrel, down 79 cents.
according to Hindustan Times - World News +1Analysts expect the deal to release more than 85 million barrels of oil stranded in the Middle East Gulf into global markets.
according to Hindustan Times - World News +1Both benchmarks touched their lowest since early March on Thursday as several tankers, including three Saudi-flagged vessels with 6 million barrels of crude onboard, sailed through the strait hours after U.S. President Donald Trump signed a deal with Iran to end their war.
according to Hindustan Times - World News +1However, Israel has continued its war against Hezbollah in Lebanon, raising questions about whether the U.S.-Iran peace agreement would hold.
according to Hindustan Times - World News +1Kuwait Petroleum Corp said on Thursday that all force majeure notices issued during the war have been lifted with immediate effect.
according to Hindustan Times - World News +1The global oil market is zeroed in on activity in the Strait of Hormuz after the US and Iran inked an interim deal to end their war and reopen the critical waterway.
according to Bloomberg — Markets +2The Opening Trade spoke with leading market voices for their take on the deal, how global economies have handled the conflict and whether the world can return to pre-war pricing. (Source: Bloomberg)
according to Bloomberg — MarketsA gauge of emerging-market equities touched a record high as shipping began to resume in the Strait of Hormuz, paving the way for lower global oil prices.
according to Bloomberg — MarketsWhile equities have largely shrugged off the turmoil, central banks and traders are eagerly watching for signs of further energy-supply disruption and impacts on inflation.
according to Bloomberg — Markets
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With immediate supply feet folding and tanker traffic return to the Strait of Hormuz, traders are taking their attention back to oil..
omitted byRight sidecovered byCenterThe first signs of a post-war recovery are emerging across the Middle East after the United States and Iran signed a memory loved at..
omitted byRight sidecovered byCenter
Sources8 sources cross-checked
Story timelinehow this story developed, day by day
Tuesday, June 23
- 2 d ago
Trump, Iran, and the logic of a new nuclear deal
Reliability 87 · very high267 sources98 independent voices63 countries · 25 languagesCross-blocFraming differs8 disputedblind spot · Left siderewrites detected
Sunday, June 21
Iran announced the closure of the Strait of Hormuz following attacks in Lebanon and threats from the US, affecting ongoing negotiations.
Reliability 89 · very high20 sources10 independent voices11 countries · 2 languagesCross-blocblind spot · Left siderewrites detectedIran closes the Strait of Hormuz after US-Israel violations of MoU
Reliability 88 · very high13 sources11 independent voices8 countries · 2 languagesCross-blocFraming differsblind spot · Right siderewrites detected
Thursday, June 18
Trump signs initial agreement to end Iran war and open the Strait of Hormuz as nuclear talks continue
Reliability 100 · very high13 sources9 independent voicesblind spot · Centerrewrites detectedLNG tanker crosses Strait of Hormuz as US–Iran agreement takes effect
Reliability 100 · very high9 sources5 independent voicesrewrites detected- 22 h ago
Iran war latest: Vance says 12.5 million barrels of oil have passed through Strait of Hormuz
Reliability 87 · very high9 sources6 independent voicesblind spot · Left siderewrites detected First tankers cross the strait after Iran deal; Israeli strikes raise doubts in Lebanon
Reliability 89 · very high4 sources4 independent voices