Oil costs shed 2% as Iran-Israel ceasefire eases considerations over provide, Strait of Hormuz closure

Oil costs shed 2% as Iran-Israel ceasefire eases considerations over provide, Strait of Hormuz closure

Brent crude prices pared gains from the previous session and fell nearly $2 on Friday after the White House delayed a decision on U.S. involvement in the Israel-Iran conflict, but they were still poised for a third straight week in the black. Ilan Rosenberg | Reuters Oil futures fell sharply on Tuesday as a freshly … Read more

Why China will not thoughts a closure of the Strait of Hormuz

Why China will not thoughts a closure of the Strait of Hormuz

TOPSHOT – China’s Foreign Minister Wang Yi (C) gestures as he welcomes Russia’s Deputy Foreign Minister Sergey Ryabkov (R) and Iran’s Deputy Foreign Minister Kazeem Gharibabadi before a meeting regarding the Iranian nuclear issue at the Diaoyutai State Guesthouse in Beijing on March 14, 2025. Afp | Getty Images As the U.S. rained bombs and … Read more