Aussie Shares Slump as Trump Threatens Hormuz Toll
- Oil prices surged more than 9% over the weekend as tensions between the U.S. and Iran escalated, slowing tanker traffic through the Strait of Hormuz. Brent crude rose 9.14% to $82.96 per barrel, while West Texas Intermediate gained 9.13% to $78.17.
- President Donald Trump declared the Strait of Hormuz remains open despite Tehran's claims, threatening to reinstate a blockade on Iranian vessels. On Truth Social, Trump stated, "We'll become the guardian of the strait," proposing the U.S. manage the waterway.
- Traffic through the Strait fell to its lowest level in about five weeks amid the new strikes. The Department of Energy revealed the Strategic Petroleum Reserve fell to 316.5 million barrels last week, down by roughly 3 million barrels from the previous week.
- Gas price analyst Patrick De Haan warned consumers this afternoon regarding rising costs associated with market volatility. "Filling up sooner rather than later may save you some cash," De Haan advised as uncertainty continues.
- Between January and June, the European Union imported 9.97 million metric tons of liquefied gas from Yamal, a 16% increase from the same period last year. The bloc has agreed to ban Russian gas imports by 2027, reducing energy dependence.
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31 Articles
Trump Demands $30 Million Fee per Oil Tanker
“President Donald Trump just threw out a demand of a 20% reimbursement on cargo shipped through the Strait of Hormuz, or roughly $30 million on full supertankers carrying oil,” Bloomberg reports. “That’s based on current oil prices of about $80 per barrel. Supertankers can hold about 2 million barrels of crude.” “In contrast, Iran had […]
Shipping and oil stocks are surging on the 14th as Iran re-blocks the Strait of Hormuz. As of 9:30 AM on this day, STX Green Logistics is trading at 3,300 won on the KOSPI market, up 760 won (29.92%) from the previous trading day. It went straight to the daily upper limit early in the session. At the same time, Heung-A Shipping is up 10%, HMM 3%, Heungkoo Petroleum 15%, and Korea Petroleum 4%. Recently, the US
Original news Greggio again beyond quota 80 dollars per barrel with the new skirmishes in the Persian Gulf. The experts: "Risk of recession in increase"
The Brent again over 80 dollars per barrel, natural gas surpasses 50 euros. And now there is a fear of an increase in interest rates
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