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Hormuz shipping activity keeps oil markets in focus

Shipping activity through the Strait of Hormuz slowed over the weekend after Iran said the key waterway was closed again, according to CNBC. The report said maritime data showed fewer vessels moving through the route, while U.S. officials indicated…

Oil and gas supplies may take months to normalize

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The Guardian reports that oil and gas markets responded positively after Donald Trump said a U.S.-Iran peace deal would allow the Strait of Hormuz to reopen for energy shipping. Brent crude moved to about $82 per barrel, while wholesale gas…

Fitch projects $100-$110 oil through July

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Fitch Ratings raised its 2026 outlook for the global oil and gas sector to “improving” from “neutral,” according to reporting from MSN. The change reflects higher near-term price assumptions connected to the closure of the Strait of…

Oil forecasts rise as energy costs stay elevated

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S&P Global Market Intelligence reported that commodity price forecasts moved higher in May as disruptions around the Strait of Hormuz continued to affect global supply chains. The firm said its Materials Price Index rose 10.7% in the first…

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News

Hormuz shipping activity keeps oil markets in focus

Oil and gas supplies may take months to normalize

Fitch projects $100-$110 oil through July

Oil forecasts rise as energy costs stay elevated

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