Rosneft Chief Executive Igor Sechin said on Saturday that U.S. energy companies were the main beneficiaries of the closure of the Strait of Hormuz and that Washington was trying to change the fundamental contours of the global energy markets to suit U.S. interests. Iran blockaded the Strait, the main route for about a fifth of … Read more
In this picture obtained from Iran’s ISNA news agency on June 1, 2026, Iranians sit on Suru Beach in Bandar Abbas along the Strait of Hormuz. Amirhossein Khorgooei | Afp | Getty Images HELSINKI, Finland — Iran’s influence over the strategically vital Strait of Hormuz has inadvertently transformed the energy security debate, effectively casting fossil … Read more
The surge in oil prices and ongoing volatility have netted major gains in a corner of the market that rarely captures headlines: quantitative trend-following hedge funds. Quantitative trend-followers — also known as commodity trading advisors (CTAs) or managed futures funds — use complex machine-learning algorithms, statistical analysis and factor-based modelling to identify price trends across … Read more
Signage at the Broadcom Inc. headquarters in San Jose, California, June 2, 2025. David Paul Morris | Bloomberg | Getty Images European stocks followed global peers lower on Friday as investors monitor a global sell-off in chipmaking tech names. Shortly after the opening bell, the pan-European Stoxx 600 index opened down 0.2%. London’s FTSE 100 … Read more
A pedestrian walks past an Indian rupee symbol installation outside the Reserve Bank of India (RBI) building in Mumbai on May 17, 2026. Punit Paranjpe | Afp | Getty Images India’s central bank on Friday held interest rates at 5.25% at a time when surging global energy costs have hammered its currency, while the Iran … Read more
US President Donald Trump said he would be “honoured” to meet Iran’s Supreme Leader Mojtaba Khamenei if ongoing diplomatic efforts lead to an agreement between Washington and Tehran. Speaking to reporters at the White House, Trump said he was open to a direct meeting with the Iranian leader, stressing that any such engagement would be … Read more
A pedestrian walks past an electronic quotation board displaying the Nikkei 225 stock prices on the Tokyo Stock Exchange in Tokyo on March 23, 2026. Kazuhiro Nogi | Afp | Getty Images Asia-Pacific markets were set to open mixed Friday after a rotation out of chip stocks on Wall Street lifted the Dow Jones Industrial … Read more
Nearly 40 ships previously stranded in the Persian Gulf have exited through the Strait of Hormuz over the past three weeks as vessels quietly coordinate with the U.S. Navy, according to Lloyd’s List Intelligence. Some shipowners are submitting their transit plans to the Naval Cooperation and Guidance for Shipping group in Bahrain, said Richard Meade, editor-in-chief … Read more
Oil prices dropped about 3% Thursday, on a report that President Donald Trump is reluctant to resume full-scare war with Iran despite recent clashes. West Texas Intermediate futures declined 3.1% to close at $93.04 per barrel. Brent futures, the international benchmark, lost 2.8% to settle at $95.03 per barrel. Trump told his aides that the … Read more
Venture Global is poised to stage another rally as signs of the Iran war’s longer-term impacts on commodities — including natural gas — begin to emerge, according to JPMorgan. The investment bank upgraded the gas name to overweight from neutral. It also hiked its price target on shares to $17 from $16, suggesting 36% upside … Read more