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Beijing Flip-Flops, Asks Banks To Pause Loans To Sanctioned Refiners Days After Ordering Them To Ignore Sanctions

Over the weekend, we reported that in what some called a "watershed moment", Beijing ordered Chinese companies not to comply with US sanctions on five domestic refiners linked to the Iranian oil trade, deploying for the first time a blocking measure introduced in 2021 that was aimed at protecting its firms from fore…

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DOJ, CTFC Investigating $2.6 Billion In Suspicious Iran War Oil Trades

U.S. authorities are investigating more than $2.6 billion in oil futures shorts that landed within minutes of major announcements tied to the 2026 U.S.-Iran conflict. The Department of Justice (DOJ) has joined the Commodity Futures Trading Commission (CFTC) in a widening inquiry into potential misuse of material non…

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Iran's grip on the Strait of Hormuz has jolted the world economy

Hundreds of merchant ships remain bottled up in the Persian Gulf as the United States and Iran appear to be moving closer to an initial agreement to end the war. The Strait of Hormuz is the narrow mouth of the Persian Gulf through which a fifth of all traded oil and natural gas passes, as Iran has restricted movemen…

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Israel lacks long-term strategy as Iran, US near deal that would keep its hands tied - analysis

As Iran and the US appear to be seeking an agreement that could see the Strait of Hormuz open and see Iran’s nuclear program addressed, it is unclear what Israel’s strategy will be in the future. Israel has been fighting a multi-front war since October 7, 2023. The Hamas attack essentially enabled Iran to coordinate…

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"Semi-Irrational Chase" Sends Futures To Another Record High, Oil Drops On Iran Optimism

The global market meltup is rolling on. US stock futures inch higher, but are off session highs, with oil falling for a third straight day as traders waited for updates on a potential US-Iran peace deal that would reopen oil flows through the Strait of Hormuz. As of 8:00am ET, S&P and Nasdaq futures were 0.1% higher…

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