Browsing Tag
West Texas Intermediate
28 posts
Persimmon (LON: PSN) reports private forward sales up 7% to £1.8bn as Iran war cost inflation looms over H2 2026
Persimmon's private forward sales jumped 7% to £1.80bn, but the harder question is whether vertical integration can blunt the looming second-half cost shock.
Brent crude above $114 as Trump prepares for months-long Hormuz blockade
Trump signals a months-long Hormuz blockade while rejecting Iran's ceasefire offer. Brent above $114. The UAE has left OPEC. The supply crisis has no visible exit.
UAE quits OPEC after nearly six decades, dealing structural blow to oil cartel as Iran war reshapes Gulf energy landscape
The UAE is leaving OPEC during the worst Gulf energy crisis in decades. The real question is whether Saudi Arabia can hold the cartel together without it.
US gasoline prices surge 28% since Iran war began as Hormuz closure persists
US gasoline at $4.17 marks a four-year high. The harder question is whether the Iran war stalemate forces Washington or Tehran to blink first.
Iran seizes two ships, Brent hits $100: Ceasefire means nothing as IRGC fires on pre-cleared vessels and US sends more carriers
Iran seized two ships and attacked a third in the Strait of Hormuz on 22 April 2026, hours after Trump's ceasefire extension, as Brent crude hit $100 and Lufthansa cut 20,000 flights.
Ceasefire announced, strait still closed: Oil markets on edge ahead of US-Iran talks
Brent crude fell 12.7% and WTI 13.4% in the week ending April 10, oil's worst weekly loss since 2022, as the Strait of Hormuz remained closed before US-Iran talks.
Ceasefire already cracking: Iran keeps Hormuz mined, Vance flies to Pakistan for make-or-break talks
US-Iran ceasefire frays as Hormuz shipping stalls, IRGC mines lanes and Vance leads talks in Islamabad with enrichment and Lebanon unresolved.
Every bridge, every power plant: Trump expands threat as ceasefire talks collapse
Iran rejected a 45-day ceasefire and demanded a permanent end to the US-Israel war as Trump threatened to destroy all power plants and bridges by Tuesday night.
Trump’s Iran speech sends crude to six-year high, gas tops $4 nationwide
U.S. crude oil surged nearly $12 per barrel on April 3, 2026, its largest one-day gain since 2020, after Trump pledged more Iran strikes with no Strait of Hormuz reopening plan.
Record $166 Dubai crude, $220 jet fuel: Iran war rewrites global energy price records
Physical oil and fuel cargo prices hit record highs as the US-Israeli war on Iran disrupts Strait of Hormuz shipping and chokes 12% of global oil supply.