Syria Asks Germany Not To Deport Its Citizens Back Home, Fearing It Would Make Country 'Unsafe'

WTI Holds Losses As Cushing Hits 'Tank Bottoms', US Production At Record Highs Oil prices are testing down to pre-war levels this morning as more tankers cross the Strait of Hormuz and signs of progress in US-Iran peace talks eased fears of an immediate supply crunch. Vessels are transiting Hormuz with their satellite signals switched on, indicating growing confidence among shipowners about safe passage of the chokepoint, through which about a fifth of global oil supplies transited before the war. The International Maritime Organization also said it had received safety guarantees allowing hundreds of...

Last week started on a positive note with President Donald Trump uncharacteristically declaring that a “memorandum of understanding” (MOU) had been achieved by US and Iranian negotiators assisted by Pakistani and Qatari mediators to suspend military action and begin sixty days of discussions in pursuit of a peace agreement. The move was based on a […]