The Fitch Solutions estimates that the US and Iran will reach a diplomatic agreement to open the Straits of Hormuz, but this will not happen before mid-by late June, and then it will take six to eight weeks to normalise the situation after the end of [...]
LAST INFORMATION 14.32 Intensely droppings move, for the second day, oil prices, with traders hoping that flows from the Middle East can return to pre-war levels, after U.S. President Donald Trump suggested that a peace agreement could be reached to end the war with Iran, while [...]
Last Tuesday a small group of energy company managers passed the White House threshold in order to discuss with President Donald Trump her concerns over the lengthening of the disruption to energy supplies. A few days later, in the morning of May, the price of crude oil reached a high four-year, at $162.31 [...]
Before the Middle East war, 40 tankers carrying 20 million barrels of crude oil and petroleum refining products crossed the Straits of Hormuz every day. Now few are tankers can pass through the Straits of Hormuz. Energy prices are projected to increase by 24% this year, at their highest level from [...]
