Trump says there will be no talks with Iran. Tehran claims the Strait of Hormuz is still closed
?U.S. Donald Trump, President of the United States, said that no talks with Iran were being held and that none were planned. He also insisted that the Strait of Hormuz is open, contrary to an earlier…
Iran claims that the Oman deal has reached its final stages, but US must take action to open Hormuz
Iran announced on Sunday that it was nearing the final stages of a deal to define new?shipping routes in the Strait of Hormuz. However, they reiterated that this strait will only be reopened once the United States meets?other requirements.
Gulf-Europe Oil Pipeline Could Minimize Red Sea Dependency
Gulf countries' dependence on oil shipments through the Strait of Hormuz could be significantly reduced by a pipeline linking the Gulf to Europe via Israel, Israel's energy minister said, allowing…
Palmettos climb on expected output decline, but Indonesian uncertainty limits gains
Malaysian palm futures rose a little 'on Monday, after two sessions of falling prices. This was due to the lower production expected in May. However, concerns over Indonesia's biodiesel mandate and export policies capped gains.
Palmettos rise on expected output decline, but Indonesian uncertainty limits gains
Malaysian palm oil futures rose Monday, after two consecutive sessions of declines. Prices were supported by the expectation that production will be lower in May. However, concerns about Indonesia's…
What are the issues that Iran and the US need to resolve before they can reach a peace agreement?
Here are the key issues that the United States and Iran face as they try to reach a deal in order to end their war which has now entered its fourth month. The 'closure of the Strait of Hormuz by Iran…
Palm oil slips as Dalian oils and Indonesian export worries weigh.
Malaysian palm oil futures fell for the second session in a row?on Friday. Pressured by Dalian oils' weakening and worries?over Indonesia’s new export system. Lower production?expectations also offered some support.
Palm oil falls over 1% due to weak demand and soft crude oil
Malaysian palm futures closed'more than 1% lower' on Thursday. This reversed gains made in the previous session. At the close, the benchmark contract for palm oil delivery in August on the Bursa Derivatives…
Palm oil prices fall on a weakening export demand, soft crude oil and soyoil
Malaysian palm oil futures declined on Thursday, after increasing the previous day. The market was pressured by a weakening?soyoil price and lower crude oil prices. By midday, the benchmark 'palm oil'…
EUROPE GAS-European Gas Prices Rise after US and Iran Exchange Strikes
Dutch and British wholesale gas contracts rose Monday morning, after Iran and the United States exchanged strike?and Israel sent?troops?deeper?into Lebanon to fight Tehran-backed Hezbollah. Data from Intercontinental Exchange (ICE)…
EUROPE GAS-European gas prices rise as hopes dim for US-Iran peace deal
Dutch and British gas deals?rose? on Tuesday, as hopes for a peace deal? faded? after Donald Trump said that a ceasefire was "on life-support" with Iran following Tehran's refusal of a U.S. offer to end the conflict.
The Monday spot price is boosted by the plummeting wind supply
The German Monday baseload contract increased as the German wind supply was expected to drop by more than 80% compared to Friday's levels. However, the front-week contract was also higher because a rebound in supply is expected later this week.
Quotations-Reactions from industry leaders and businessmen to Iran's statement that Hormuz was open
Iran's Foreign Minister said that the?Strait of Hormuz is open to all commercial vessels after a ceasefire agreement was reached in Lebanon. The shipping industry and other world leaders have weighed in on the Iranian Declaration.
Gas prices in Europe fall ahead of Iran and US peace negotiations
Dutch and British gas prices dropped on Friday morning, as the market took a more cautious approach in anticipation of the upcoming 'peace talks' between the United States & Iran at the weekend. Israel…
Iran denies talking to US after Trump delays strikes on power grid
Iran denied on Monday that it was in negotiations with the United States after President Donald Trump backed down from a threat to attack Iran's electricity grid due to?productive talks he had with unidentified Iranian officials.
Iran threatens to retaliate after Trump's ultimatum against Gulf water and energy
Iran has warned that it will strike water and energy infrastructure in the Gulf region if U.S. president Donald Trump follows through with his threat to "attack" its electricity grid. This is raising…
Iranian strikes burn oil tankers, despite Trump's claims to have won war
Two oil tankers caught fire in an Iraqi harbor on Thursday, after being hit by a boat suspected to be laden with explosives. This was a new attack that has cut off Middle East oil and defied Donald…
Brent oil prices continue to rise amid Iran conflict with Brent reaching a 19-month high
The price of crude oil rose by about 7% Tuesday. This is the third time that oil prices have risen in a row. As the U.S./Israeli conflict with Iran intensifies, fuel shipments are disrupted, and 'fears'…
The price of oil is rising as the US-Israeli war against Iran escalates supply risks
Brent rose by more than $3 Tuesday, marking a third consecutive day of gains. The U.S. - Israel conflict?with Iran?and threats to shipping via the Strait of Hormuz?increased fears of'supply.disruptions' from the Middle East.
Oil prices rise as US-Israeli conflict escalates with Iran
Tuesday, oil prices increased for a third consecutive day as fears of supply disruptions from the Middle East region grew due to the U.S. - Israel conflict and threats against shipping through the Strait of Hormuz.