Iran Warns of ‘Heavy Attacks’ on US Assets in the Region If US Targets More Iranian Oil Tankers

Tanker Data Contradicts US Claim That Middle East Oil Flows Have Normalized By Tsvetana Paraskova of OilPrice.com Oil flows from the Middle East have normalized, with Sunday traffic alone above pre-conflict averages, US Secretary of Energy Chris Wright said on Tuesday in a claim that appears not to be backed by ship-tracking data. On Tuesday, Secretary Wright posted on X that “Thanks to the coordinated efforts of the U.S. military and our gulf allies, the seven-day average for oil leaving the Strait of Hormuz is currently up to almost 9 million barrels...

WTI Holds Losses As SPR Drain Slows, Cushing Just Off 'Tank Bottoms' Oil extended its biggest quarterly drop since the pandemic this morning as traders monitored US-Iran peace talks and a market for real-world barrels that’s been in freefall. WTI is holding below $70 as US negotiators Jared Kushner and Steve Witkoff had positive discussions in Qatar and technical talks with Iran are moving ahead, a senior administration official said, while President Trump said the meeting was good. Crude has fallen in recent days as the warring parties continued discussions to reach a...