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 [...]
Prices of crude oil were launched Wednesday, with Brent over $100 a barrel, reaching $101.91, while West Texas Intermediate closed at $92.96, with an increase of over 3%. The increase was caused by the occupation of two container transport ships by the Guards of the Iran Revolution in the Straits of Hormuz. Despite the extension of the truce by Donald Trump, oil flows remain intermittent and the US retain Iran's naval blockade, as peace talks collapsed.
Even if the Straits of Hormuz reopen, energy market officials and analysts estimate that the industry will no longer be able to rely on them as in the past. For the Straits, there is no return to normality. Countries throughout the region are considering the construction, expansion or restoration of infrastructure that will bypass [...]
