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The common thread lifting crude oil, refined fuels, and European natural gas prices is escalating conflict between the US and Iran, centered on the Strait of Hormuz — a critical chokepoint for both oil and LNG shipments. Fresh American airstrikes, Iranian retaliation against US …
Crude oil prices surged as the US launched fresh airstrikes on Iran, with WTI crude climbing more than 3% to around $74 per barrel and Brent crude rising a similar amount to about $78.7 per barrel. Iran's declared closure of the Strait of Hormuz …
A key driver behind the natural gas price slide is a shift in weather forecasts toward cooler temperatures over the coming weeks. As air-conditioning usage declines with milder conditions, demand for natural gas used in gas-fired power generation is expected to soften, removing a …
The latest escalation saw the US launch another wave of strikes on Iran on Sunday, following a barrage that hit roughly 140 targets a day earlier in response to an IRGC attack on a container ship in the Strait of Hormuz. Iran retaliated by …
US Central Command confirmed that American forces launched another wave of strikes on dozens of targets across Iran, an operation aimed at weakening Tehran's ability to threaten maritime traffic through the strategically vital waterway. The Strait of Hormuz carries a significant share of global …
A key factor behind the current uranium price consolidation is muted spot market buying activity among utilities, which have increasingly shifted their procurement strategy toward long-term supply contracts rather than the spot market. This shift began in earnest following the Russia-Ukraine war, which introduced …
Italy's push to reintroduce nuclear power generation mirrors similar policy momentum already underway in the United States and Japan, where governments have been actively working to expand nuclear capacity in response to shifting energy security priorities and growing electricity consumption. This broadening international policy …
Despite this recent monthly decline, coking coal prices remain substantially elevated on a year-over-year basis, sitting 32.40% higher than they were a year ago. This wide gap between the short-term pullback and the longer-term price trajectory underscores how much the metallurgical coal market has …
Naphtha sits at an important crossroads within the broader energy and petrochemical complex, serving dual roles as both a gasoline-blending component and the primary feedstock for producing ethylene, propylene, and other building blocks used in plastics and chemical manufacturing. This dual demand base means …
At the center of the crude oil price rally is Iran's declaration that it has closed the Strait of Hormuz, the world's most critical oil shipping chokepoint, through which roughly a fifth of global petroleum supply transits daily. Western naval forces, including US Central …
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