Trump's Iran threat sends oil surging – Dow falls
Trump's "economic D-Day" rhetoric against Iran triggered sharp moves in the oil market on Thursday, as the Dow Jones fell while energy stocks and ETFs shot higher.
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The Houthi militia in Yemen is planning to expand its presence along the coast toward the Bab el-Mandeb strait, one of the world's most critical chokepoints for oil transport. Experts are warning of fresh disruptions to global shipping.
Trump's "economic D-Day" rhetoric against Iran triggered sharp moves in the oil market on Thursday, as the Dow Jones fell while energy stocks and ETFs shot higher.
US President Donald Trump has announced the most far-reaching secondary sanctions ever imposed against Iran, with direct consequences for oil markets and countries helping Tehran circumvent the embargo.
The United Arab Emirates has frozen all trade and financial transactions with Iran after two ballistic missiles reportedly landed in Emirati waters. Iran categorically rejects the allegations.
The gold price is climbing toward $4,450 per ounce after weaker U.S. key data dampens expectations of further Federal Reserve rate hikes and pushes the dollar lower.
China's National Bureau of Statistics has unexpectedly postponed the release of July's key economic figures to the afternoon Beijing time, heightening tension in global markets and reinforcing expectations of central bank intervention.
Hope for a US-Iran deal is evaporating fast, and America's Strategic Petroleum Reserve has fallen below 300 million barrels for the first time in decades. Oil prices are reacting sharply to the upside.
Ukraine's military has attacked the Orsknefteorgsintez refinery in the Orenburg region — more than 1,500 kilometres from the front line. The strike is the latest in an escalating campaign that has knocked out more than 30 percent of Russia's refining capacity.
Shipping traffic through the Strait of Hormuz remains severely disrupted, and even an imminent diplomatic breakthrough between Iran and Oman is unlikely to normalize supply chains for several months.
Kazakhstan is considering rerouting significant oil export volumes away from the Russian-controlled port of Novorossiysk following persistent drone threats against Black Sea shipping corridors.
Iran signals that a deal on the Strait of Hormuz is within reach, but tensions persist following an attack on an Emirati oil tanker. Markets are reacting to the uncertainty.
WTI crude oil fell more than 10 percent over the week after traders priced in the possibility of the Strait of Hormuz reopening, but a full resolution has yet to materialise, according to OilPrice.com.
Iran and Oman are, according to Iranian authorities, in the final stages of negotiations over joint management of the Strait of Hormuz – one of the world's most critical oil corridors. Meanwhile, crude oil prices are falling.
The conflict in Iran has choked oil flows through the Strait of Hormuz and triggered a global refinery shock — with record-high margins and renewed geopolitical inflation fears pushing rate expectations higher.
China and Russia have moved from diplomatic support to direct military and intelligence assistance to Iran — with potentially far-reaching consequences for the conflict in the Middle East and global stability.
Oil prices are falling sharply following signals of a possible diplomatic resolution with Iran, while Japanese yen interventions are creating turbulence in currency markets. Experts believe lower energy prices could relieve pressure on central banks.
Iran's Revolutionary Guard reportedly fired a cruise missile at an oil tanker in the Strait of Hormuz – on the same day Trump claims a Hormuz deal is done and nuclear talks are set to begin.
OPEC+ members have agreed to increase oil production quotas from September, a move that could push prices even lower in a market already marked by risk aversion.
According to unconfirmed reports, the US and Israel are preparing their heaviest air strikes yet against Iranian power plants and refineries. Oil prices are already reacting.
Iran claims to have carried out drone strikes against American military installations in Kuwait and Bahrain, sending oil prices higher and increasing the risk profile across global markets.
Iran fired ballistic missiles at American bases in Jordan on July 28 – and according to experts, parts of the war effort are being financed through a state-run crypto system worth nearly $7.78 billion.
Asian equity markets are broadly lower following negative sentiment on Wall Street, rising oil prices, and geopolitical unrest. At the same time, demand for dollar-pegged stablecoins in the region is accelerating markedly.
Oil prices rise after Iran attacked US forces and rejected an Omani proposal for shared passage through the Strait of Hormuz — one of the world's most critical energy corridors.
Chevron is reported to have held direct talks with the Trump administration about protecting the company's massive oil production in Kazakhstan from being drawn into the conflict between Russia and Ukraine, according to the Wall Street Journal.
After the US halted airstrikes against Iran, oil prices plunged more than 6 percent, while equity and crypto futures opened the week with clear gains.
Chinese researchers this week unveiled an ambitious plan to integrate artificial intelligence across the entire lifecycle of a new nuclear energy system. The question is whether AI can meet nuclear power's zero-tolerance requirement for errors.
Technology stocks collapsed on Thursday as oil prices surged to $100 a barrel. Investors fled risk assets in one of the year's most severe market selloffs.
Just one oil tanker passed through the Strait of Hormuz on Thursday — the lowest number since May. War risk is pushing crude oil prices back above $100 a barrel.
Brent crude has surpassed $100 per barrel, triggering a broad global bond sell-off as fears of sustained inflation weigh on interest rate markets.
The gold price has fallen dramatically from record levels near $5,500 per ounce to around $4,160 since the Iran conflict escalated. Experts believe the decline offers a historic entry point for investors.
The Russian central bank has sold 43.5 tonnes of gold during the first half of 2026 – the lowest reserve level since the invasion of Ukraine began in February 2022.
Iran has fired a new wave of ballistic missiles and drones at Bahrain, Jordan, Kuwait, and Iraq. Oil and dollar prices react immediately with sharp gains.
Iran's Revolutionary Guard reiterates its demand for a complete halt to oil traffic through the Strait of Hormuz. Shipping traffic has fallen dramatically, and LNG exports have been brought to a near-total standstill.
Ukrainian drone strikes have reduced Russian crude oil processing to its lowest level in 21 years. Now Russia's export ban on diesel is sending shockwaves through global energy markets.
China's June trade surplus beat all expectations at $125.62 billion, driven by a rush of exporters and importers scrambling to get ahead of new tariff barriers.
Despite years of energy decoupling efforts, the EU imported more Russian liquefied natural gas in the first half of 2026 than ever before – paying billions to Moscow as the clock ticks down toward the 2027 ban.
New military strikes in the Middle East sent oil prices sharply higher on Monday, while U.S. stock index futures pulled back. Markets are shifting into a clear risk-off mode.
New American airstrikes against Iran are pushing oil prices higher and raising fears of reduced throughput in the Strait of Hormuz — a critical chokepoint for the world's oil supply.
American forces have carried out new strikes against Iranian targets, and the entrenched conflict in the Persian Gulf is sending shockwaves through global commodity markets.
Iran's Revolutionary Guard has announced that the Strait of Hormuz is closed until further notice. The move could send oil prices and shipping costs soaring — and deal a severe blow to global energy supply.