WTI Crude crashes to $96 as a two-week ceasefire restores tanker traffic in the Strait of Hormuz. Discover if the $92 trendline support can hold this 16% sell-off.
U.S.-Iran ceasefire sparks global relief rally; stocks surge while oil plunges below $100. Safe havens hold firm as gold rises and Treasury yields fall, signaling persistent investor caution.
U.S. stock futures jumped and oil prices fell on Tuesday evening, after President Donald Trump announced a two-week-long cease-fire deal with Iran that would delay a planned American bombing assault on the country and make more time for negotiations between the two sides.
Traders closely watched oil prices as U.S. President Donald Trump's 8 p.m. ET deadline for Iran to reopen the Strait of Hormuz approached.
Among equity analysts, a “rerating” is when the stock market catches up to an underlying trend. Energy stocks had started to increase before the attack against Iran by the U.S. and Israel caused oil prices to soar.
European and Asian refiners are paying record high prices of near $150 a barrel for some crude oil grades, far exceeding prices for paper futures, highlighting the worsening supply crisis from the U.S.-Israel war with Iran.
Crude-oil futures rose on Tuesday ahead of President Donald Trump's self-imposed deadline to unleash attacks on Iranian civilian infrastructure.
Crude prices ticked higher after Trump repeated the Tuesday deadline for escalating attacks on Iran's power plants and bridges. Trump threatened that Iran would be "taken out in one night" if Tehran does not fully reopen the Strait of Hormuz by Tuesday.
The Strait of Hormuz saw an uptick in traffic over the weekend, as a looming U.S. deadline for Iran to reopen the key waterway kept markets on edge.
Oil shock and Iran war reshaped Q1, sending some leveraged energy ETFs soaring.
Analysts led by Yulia Zhestkova Grigsby, a commodities strategist, looked at product supplies, price responses and anecdotes to address the issue of whether the global economy is running short of oil.
Oil prices are falling on Monday after President Donald Trump threatened to knock out Iran's power plants if it doesn't reopen the Strait of Hormuz by Tuesday.