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Fearing Iranian Escalation In Red Sea, Saudis Push Trump To Call Off Hormuz Blockade
Fearing Iranian Escalation In Red Sea, Saudis Push Trump To Call Off Hormuz Blockade
Wary of Iranian escalation that shuts down Red Sea traffic, the Kingdom of Saudi Arabia is asking the Trump administration to back off from its newly-implemented blockade of Iranian-linked shipping in the Strait of Hormuz, the Wall Street Journal reported on Monday evening. On Sunday, a senior advisor to Iranian Supreme Leader Mojtaba Khamenei warned that Iran has "large, untouched levers" to respond to such a blockade.
Perhaps ominously, Bab el-Mandeb translates to "Gate of Tears" (map via...
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Apr 15, 2026 / Tyler Durden
Futures Unchanged Just Shy Of All Time High On Peace Hopes, Solid Earnings
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US equity futures are flat following yesterday’s rally as market awaits news on the Iran war resolution and as we traverse earnings season. As of 8:15am ET, S&P 500 futures are little changed after the benchmark closed within a whisker of a record. Risk sentiment took a small knock in recent trade after Iran cautioned that it will not allow shipments to or from the Gulf if the US blockade remain.Nasdaq futures are fractionally in the green, and set...
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After Record $19.50 Premium, Saudis Eye Sharp Cut To June Asia Prices
After Record $19.50 Premium, Saudis Eye Sharp Cut To June Asia Prices
Submitted by Charles Kennedy of OilPrice.com
The world’s top crude exporter, Saudi Arabia, is expected to slash its official selling prices (OSPs) for crude loading for Asia in June from the record-highs for May as the premiums of the Middle Eastern benchmarks eased this month.
Saudi oil giant Aramco is widely expected to announce in early May a reduction of the OSP of the flagship Arab Light crude by between $5 and $12 per barrel compared to the Oman/Dubai average,...
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