Fuel Stocks Steady as Trump Threatens Blockade of Strait of Hormuz

Fuel stocks steady as Trump threatens blockade of Strait of Hormuz

There is still more than three weeks worth of all fuel types in the country according to the latest Ministry for Business, Innovation and Employment (MBIE) fuel stocks update.

Oil Surges, US Futures Drop on Hormuz Blockade: Markets Wrap

Oil prices spike above $103 after US announces ‘naval blockade’ on Hormuz

Global oil prices have surged after US President Donald Trump said the US Navy would enforce a blockade on the Strait of Hormuz, a strategic waterway through which about 20 percent of the world’s oil passes. Brent crude, the international oil benchmark, climbed more than 8 percent and exceeded $ 103 a barrel—the first time

Gold falls to near $4,650 as Oil surge, US–Iran tensions hit Fed cuts

Gold falls on strong dollar, dimming Fed rate cut hopes

Gold prices dropped to a near one-week low as a stronger dollar and surging energy prices fueled inflation worries. This surge in oil prices, driven by escalating tensions in the Strait of Hormuz, has dampened expectations for U.S. Federal Reserve interest rate cuts this year.

Oil Prices Surge, Gold Plummets After Shocking Hormuz Blockade Order

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