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US imports of Saudi Arabian oil dropped to zero in July, the first time that’s happened for an entire month since 1985, according to preliminary government data.
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Under the latest proposal, Tehran would be able to intervene if necessary with any inbound traffic, while outbound traffic would follow a route between Iran and Oman.
West Texas Intermediate (WTI) Oil rebounds on Thursday as traders react to details of the proposed Iran-Oman agreement on the Strait of Hormuz. At the time of writing, WTI trades around $76.50 per barrel, up nearly 2.80% on the day.
US Treasury yields climb along the curve on Thursday as media reports that the Iran-Oman deal would ban US and Israeli ships from entering the Strait of Hormuz drive crude prices higher, while traders…
Insecurity caused by the Houthis in the Red Sea, followed by disruptions caused by the Iran war in the Strait of Hormuz, has had a direct impact on Europe.
A week-long streak of inflows into US spot Bitcoin ETFs has coincided with the Coldcard wallet exploit, fueling debate over whether some investors are shifting away from self-custody.
