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Oil market could hit 'red zone' in July-August, IEA chief says

Oil market could hit 'red zone' in July-August, IEA chief says

(Adds dropped first name of IEA chief in second paragraph) By Robert Harvey LONDON, May 21 (Reuters) - The start of peak summer fuel demand combined with the lack of new oil exports from the Middle East and depleting stocks could push the oil market into the "red zone" in July-August, the head of
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Tankers exit Hormuz as Trump, Vance talk up Iran deal prospects

Tankers exit Hormuz as Trump, Vance talk up Iran deal prospects

By Florence Tan and Humeyra Pamuk SINGAPORE/WASHINGTON, May 20 (Reuters) - Two Chinese tankers laden with oil exited the Strait of Hormuz on Wednesday, shipping data showed, brightening hopes that the U.S.-Israeli conflict with Iran may soon be resolved after positive comments from the U.S.
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Scott Bessent sends strong message on Iran finance to G7

Scott Bessent sends strong message on Iran finance to G7

Most Americans never think about who buys Iranian oil or what currency they pay in. They think about the number on the pump display when the tank gets low, the line item on a credit card statement after a Costco run, and the rate on a mortgage offer that just landed in their inbox. Those three ...
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Oil prices ease after Trump says US will end Iran war 'very quickly'

Oil prices ease after Trump says US will end Iran war 'very quickly'

By Yuka Obayashi TOKYO, May 20 (Reuters) - Oil prices eased on Wednesday after U.S. President Donald Trump again asserted the war with Iran will end "very quickly", though investors remain wary about the outcome of peace talks amid continued disruptions to Middle East supply from the conflict. 
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Oil rebounds on uncertainty over Iran peace deal and inventory drawdowns

Oil rebounds on uncertainty over Iran peace deal and inventory drawdowns

By Sam Li and Lewis Jackson BEIJING, May 21 (Reuters) - Oil prices rebounded on Thursday after two days of losses on outstanding supply concerns because of the uncertain outlook for an end to the Iran war and a U.S. inventory draw raised worries about the depletion of global stockpiles. 
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ADNOC CEO Predicts Delayed Recovery of Oil Flows Post-Iran Conflict

ADNOC CEO Predicts Delayed Recovery of Oil Flows Post-Iran Conflict

Sultan Al Jaber, CEO of the Abu Dhabi National Oil Company (ADNOC), announced that it could take up to four months for oil flows to return to 80% of pre-war levels following the conflict with Iran. Speaking at an Atlantic Council event, Al Jaber highlighted the ongoing challenges in restoring oil production and distribution. The UAE is constructing a new crude pipeline to bypass the Strait of Hormuz, which is currently about 50% complete. This pipeline is expected to enhance oil flow security, but full recovery of oil flows may not occur until the first half of 2027. The conflict has disrupted global oil supply chains, impacting prices and availability.
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Trading Day: Lift off for stocks and bonds

Trading Day: Lift off for stocks and bonds

By Jamie McGeever ORLANDO, Florida, May 20 (Reuters) - Stocks rallied while oil and bond yields tumbled on Wednesday, on growing hopes that a U.S.-Iran peace deal could be imminent, and shares in chipmaker Nvidia fell in after-hours trade after the world's most valuable company released its latest
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Trading Day: Yields squeeze stocks

Trading Day: Yields squeeze stocks

By Jamie McGeever ORLANDO, Florida, May 18 (Reuters) - Stocks mostly retreated on Monday as a deepening global bond rout drove yields to historic highs, darkening the economic outlook and casting a shadow over the AI rally ahead of Nvidia's quarterly earnings report later in the week.
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Oil falls over 2% as Trump says he holds off scheduled attack on Iran

Oil falls over 2% as Trump says he holds off scheduled attack on Iran

By Anmol Choubey May 19 (Reuters) - Oil prices fell more than 2% in early Asian trade on Tuesday after U.S. President Donald Trump said he had paused a planned attack on Iran to allow for negotiations to end the war in the Middle East.
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Iran says peace proposal includes reparations for war damage, US troop withdrawal

Iran says peace proposal includes reparations for war damage, US troop withdrawal

DUBAI, May 19 (Reuters) - Tehran's latest peace proposal to the United States involves ending hostilities on all fronts including Lebanon, the exit of U.S. forces from areas close to Iran, and reparations for destruction caused by the U.S.-Israeli war, state media reported on Tuesday.
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Analysis-No deal, no exit: How US-Iran standoff risks fresh conflict

Analysis-No deal, no exit: How US-Iran standoff risks fresh conflict

By Samia Nakhoul and Parisa Hafezi LONDON, May 18 (Reuters) - Three months after the United States and Israel staged an attack on Iran, a U.S. blockade and Tehran's grip on the Strait of Hormuz have created a deadlock, with neither side bending, economic pain deepening and the risk of renewed war
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Strategic Petroleum Reserve Sees Record Drop Amid Global Oil Supply Concerns

Strategic Petroleum Reserve Sees Record Drop Amid Global Oil Supply Concerns

Strategic Petroleum Reserve Sees Record Drop Amid Global Oil Supply Concerns