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Iran says preparing list of conditions to open Strait of Hormuz
Iran’s Security Chief Mohsen Rezaei said on Friday that Tehran is preparing a list of its conditions to open the Strait of Hormuz in response to a request by mediators, adding that conditions include ending the war in the region, Reuters reported, citing an interview on Lebanese Hezbollah-affiliated
Crude Oil takes back the reopening it bought on Tuesday
Crude Oil trades near $83.50 on Thursday, ahead 2.52% and more than $3.00 above a session low just above $80.00 printed at 07:00 GMT.
Oil: Hormuz traffic and policy risks – MUFG
MUFG's Derek Halpenny examines how uncertainty over Strait of Hormuz oil flows and tight US fuel inventories are shaping crude prices.
Brent: Watching support at 84/83 dollars – Societe Generale
Societe Generale analysts highlight that Brent has pulled back after testing resistance at $95, a level defined by a prior downside gap and a descending trend line from April.
Oil: Hormuz supply recovery eases risk premium – BNY
Geoff Yu at BNY notes that improving flows through the Strait of Hormuz are easing Oil supply fears and supporting a lower Brent price profile. Kuwait and Qatar have restored crude shipments to about 70% of pre-war levels, lifting total Hormuz flows.
WTI Price Forecast: Bears have the upper hand below $82.10-$82.15 confluence hurdle
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts some selling following the overnight bounce from the $79.30-$79.25 region, or an over two-week low, though the downside remains cushioned.
WTI falls below $81.00 as Iran-Oman talks fuel hopes of Hormuz reopening
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $80.90 during the early European trading hours on Thursday. WTI slumps as hopes grow for a reopening of the Strait of Hormuz amid diplomatic efforts involving Iran and Oman.Â
Indian Rupee falls as upbeat US Dollar outweighs lower oil prices
The Indian Rupee (INR) trades lower against the US Dollar (USD) on Thursday after a holiday the previous day. The USD/INR pair rebounds to near 95.50 from its 10-day low of 95.40 posted on Tuesday.
UKMTO says tanker hit by unknown projectile in Strait of Hormuz
The United Kingdom Maritime Trade Operations (UKMTO) said on Thursday that an "unknown projectile" struck a tanker in the Strait of Hormuz, causing a fire that has since been put out, Reuters reported.
WTI slips below $81.50 amid Middle East diplomacy
West Texas Intermediate (WTI) oil price depreciates after registering modest gains in the previous day, trading around $81.30 per barrel during the Asian hours on Thursday. Crude oil prices decline amid signs of diplomatic progress in the Middle East.
Iran and Oman agree revenue deal on Strait of Hormuz — Bloomberg
The Islamic Revolutionary Guard Corps (IRGC) stated that it reached a revenue-sharing agreement with Oman on the Strait of Hormuz, as Tehran and Washington’s standoff over control of the crucial waterway continues, Bloomberg reported on Wednesday.
Crude Oil finds the tollbooth inside the Hormuz corridor
Crude Oil trades just above $82.00 and 1.78% higher on the session, which is not where it was heading.
United States EIA Heating Oil Stocks Change climbed from previous -0.537M to 0.027M in August 21
United States EIA Heating Oil Stocks Change climbed from previous -0.537M to 0.027M in August 21