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Oil prices drop amid demand worries, but U.S.-Iran tensions support

39 mins ago DieselGasoil Comments Off on Oil prices drop amid demand worries, but U.S.-Iran tensions support
TOKYO (Reuters) – Oil fell on Tuesday amid concerns over the outlook for crude demand, but prices were supported after Washington announced new sanctions on Iran amid mounting tensions in the Middle East. FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. Picture Read More

Oil prices steady, U.S.-Iran tensions remain in focus

3 hours ago DieselGasoil Comments Off on Oil prices steady, U.S.-Iran tensions remain in focus
TOKYO (Reuters) – Oil prices were steady on Tuesday, supported by worries over conflict between Iran and the United States but pressured by concerns about a potential decline in demand for crude. FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. Picture taken Read More

Russia, US & Israel hold security talks as Middle East turns into ‘battlefield’ against Iran

4 hours ago DieselGasoil Comments Off on Russia, US & Israel hold security talks as Middle East turns into ‘battlefield’ against Iran
Blaming Iran for all the problems of the Middle East is just bad policy, Moscow has said as the national security advisers from Russia, Israel and the US meet in Jerusalem to discuss escalating tensions in the region. “Just like us, Iran is legitimately present on Syrian territory to help fight terrorists, invited by the Read More

Trump threatens to lessen US security role in Strait of Hormuz, unveils sanctions

7 hours ago DieselGasoil Comments Off on Trump threatens to lessen US security role in Strait of Hormuz, unveils sanctions
Highlights In tweet, Trump signals change to 40-year-old maritime security doctrine Analyst sees move as a negotiating tactic amid heightened US-Iran tensions US unveils new sanctions on Iranian leaders following attacks on drone, tankers Washington — Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now President Donald Trump signaled Monday Read More

WTI structure strengthens as Middle East tensions simmer

7 hours ago DieselGasoil Comments Off on WTI structure strengthens as Middle East tensions simmer
New York — The NYMEX WTI forward structure continued to strengthen Monday after the front-month contract settled at a three-week high in a turbulent session. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX August WTI settled up 47 cents at $57.90/b, while ICE August Brent was still down Read More

U.S. tariffs on China-made consumer tech goods seen cutting sales, delaying upgrades

7 hours ago DieselGasoil Comments Off on U.S. tariffs on China-made consumer tech goods seen cutting sales, delaying upgrades
WASHINGTON (Reuters) – U.S. consumers will delay or forgo technology upgrades if President Donald Trump imposes a new round of 25% tariffs on Chinese goods, slowing the U.S. innovation engine, technology industry executives said on Monday. FILE PHOTO: A worker cycles past containers outside a logistics center near Tianjin Port, in northern China, May 16, Read More

Soon-to-be sanctioned Iran FM says Trump is ‘100% RIGHT’ on less US presence in Persian Gulf

8 hours ago DieselGasoil Comments Off on Soon-to-be sanctioned Iran FM says Trump is ‘100% RIGHT’ on less US presence in Persian Gulf
Iranian Foreign Minister Javad Zarif has said Donald Trump is “100% right” in that the US military has no business in the Perisan Gulf, after Trump questioned whether they needed to maintain such a strong presence in the region. Tweeting in rare agreement after Trump announced a new round of sanctions against Tehran, Zarif said Read More

Oil mixed on crude demand fears and U.S.-Iran tensions

8 hours ago DieselGasoil Comments Off on Oil mixed on crude demand fears and U.S.-Iran tensions
NEW YORK (Reuters) – Oil prices were mixed on Monday as market concerns about the possibility of a conflict between the United States and Iran eased, while worries about declining crude demand resurfaced. FILE PHOTO: Flames emerge from the flare stacks at the West Qurna-1 oilfield, which is operated by ExxonMobil, near Basra, Iraq June Read More

US-Iran tensions raise threat of an even graver conflict

9 hours ago DieselGasoil Comments Off on US-Iran tensions raise threat of an even graver conflict
By Deborah Haynes, foreign affairs editor President Donald Trump calls it his policy of “maximum pressure” on Iran. He believes a mixture of increasingly tough sanctions coupled with diplomatic isolation will force the Islamic Republic back to the negotiating table. But we have been here before. Tehran has already been subjected to intense international sanctions Read More

Trump signs off sanctions targeting Iran’s supreme leader

9 hours ago DieselGasoil Comments Off on Trump signs off sanctions targeting Iran’s supreme leader
US President Donald Trump has signed off “hard-hitting” sanctions against Iran which he says will target the country’s supreme leader Ayatollah Ali Khamenei. The moves comes amid escalating tensions between the two countries after Tehran shot down an American drone last week. Speaking in the Oval Office at the White House, Mr Trump said he Read More