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Oil Prices Extend Gains After Another Big Crude Draw, Cushing 'Tank Bottoms' Loom
Oil Prices Extend Gains After Another Big Crude Draw, Cushing 'Tank Bottoms' Loom
Oil prices are higher this morning on renewed fighting between the US and Iran (and Trump rhetoric), while API reported a major crude inventory draw (for an eighth week in a row).
Additionally, in its monthly Short-Term Energy Outlook released on Tuesday, the Energy Information Administration (EIA) reported the closure of the Strait is depleting global inventories, keeping prices high.
"Global oil markets remain highly volatile as very limited shipping traffic through the Strait of Hormuz has caused oil...
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Aug 25, 2026 / Kyle Anzalone
Report: US Offers Sanctions Relief to Iran If Tehran Opens Strait of Hormuz
According to a source speaking with Saudi state media, Washington sent Tehran a message offering to lift the blockade and sanctions against Iran if the Islamic Republic reopens the Strait of Hormuz. According to a senior source who spoke with Al Hadath, Pakistan relayed the American offer to Iran. Islamabad has served as the main […]
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Mar 8, 2026 / Tyler Durden
Cuba Is Negotiating Deal With US, Trump Says
Cuba Is Negotiating Deal With US, Trump Says
Authored by Jacob Burg via The Epoch Times,
U.S. President Donald Trump said March 8 that the Cuban government is negotiating a deal with him and Secretary of State Marco Rubio.
Speaking at his “Shield of the Americas” gathering of Latin American leaders in Miami, Florida, Trump said that Cuba is “at the end of the line” due to Venezuela cutting off oil deliveries after the U.S. capture of Venezuelan leader Nicolás Maduro.
“As we achieve a historic transformation in Venezuela, we’re also looking forward...
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Jun 8, 2026 / Tyler Durden
Ceased Ceasefire?
Ceased Ceasefire?
By Bas van Geffen, Senior Market Strategist at Rabobank
There has been little progress in the US-Iran peace negotiations over the past weekend. In fact, it feels like the two sides have been walking backwards as the ceasefire is faltering.
The US and Iran are still at odds over the frozen Iranian assets, which Iran wants released as part of any deal. But, yesterday, President Trump said that he will not unfreeze any amount of Iranian assets, nor lift sanctions, immediately after a deal is closed: “If they behave, if they...
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