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WTI Rises After Big Inventory Drawdowns Across Energy Complex, Huge SPR Drop, Record Exports
WTI Rises After Big Inventory Drawdowns Across Energy Complex, Huge SPR Drop, Record Exports
Oil largely held onto a sharp drop from this week’s highs as the US and Iran seek further talks to end a war that has brought the vital Strait of Hormuz waterway to a near-halt.
President Trump told a Fox Business anchor he sees the war “very close to over” and told ABC “you’re going to be watching an amazing two days ahead.”
The global oil market has been jolted by the conflict, which triggered an unprecedented supply...
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Cargo Vessel Comes Under Apparent Iranian Attack Near Oman, Crude Jumps, After IRGC Warned It Controls Hormuz Strait
Cargo Vessel Comes Under Apparent Iranian Attack Near Oman, Crude Jumps, After IRGC Warned It Controls Hormuz Strait
Update(11:28ET): A tanker appears to have come under (likely) Iranian attack close to the coast of Oman on Thursday. It seems that Iran is seeking to impose control, and its red lines as its military issues the following message: "Coordination with the IRGC Navy for passage through the Strait of Hormuz via Channel 16 is mandatory, and violator vessels will be dealt with."
Below is the initial UKMTO alert:
UKMTO WARNING 074-26 - ATTACK
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Mar 31, 2026 / Tyler Durden
Bush Carrier Begins Scheduled Deployment Across Atlantic, With USS Ford Down For Repairs In Croatia
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