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

2 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

2 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

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

2 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

Global stocks mostly flat ahead of G20; dollar slips

4 hours ago DieselGasoil Comments Off on Global stocks mostly flat ahead of G20; dollar slips
NEW YORK (Reuters) – Global equity markets traded mostly flat on Monday as investors awaited U.S.-China trade talks the end of this week at the G20 summit, and the dollar fell to three-month lows on bets the Federal Reserve may cut interest rates more than once this year. Traders work on the floor at the Read More

U.S. waives tariffs on Japanese aluminum for Tesla battery cells

4 hours ago DieselGasoil Comments Off on U.S. waives tariffs on Japanese aluminum for Tesla battery cells
FILE PHOTO: A driver recharges the battery of his Tesla car at a Tesla Super Charging station in a petrol station on the highway in Sailly-Flibeaucourt, France, January 12, 2019. REUTERS/Pascal Rossignol WASHINGTON (Reuters) – The U.S. Commerce Department has agreed to Tesla Inc’s request to waive 10 percent tariffs on imported aluminum from Japan Read More

Trump threatens to lessen US security role in Strait of Hormuz

5 hours ago DieselGasoil Comments Off on Trump threatens to lessen US security role in Strait of Hormuz
Washington — President Donald Trump signaled Monday that the US may lessen its role in the Strait of Hormuz as domestic oil and gas output grows and US energy imports from the Middle East decline. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now “China gets 91% of its Oil Read More

Wall St. flat as healthcare losses limit tech gains

6 hours ago DieselGasoil Comments Off on Wall St. flat as healthcare losses limit tech gains
(Reuters) – Wall Street’s main indexes were flat on Monday, as losses in healthcare stocks offset gains in the technology sector, while investors awaited a high-stakes meeting between U.S. and Chinese leaders at the G20 summit later this week. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., Read More

Trump announces sanctions targeting Iranian supreme leader in response to shooting down of drone

7 hours ago DieselGasoil Comments Off on Trump announces sanctions targeting Iranian supreme leader in response to shooting down of drone
US President Donald Trump has signed an executive order imposing new “strong sanctions” against Iran in response to Tehran’s downing of an American drone last week. Trump said the latest sanctions would target Iranian Supreme Leader Ayatollah Ali Khamenei. Trump told reporters at the White House on Monday that Khamenei would be denied access to financial Read More

Trump tells countries to PAY UP if they want US protection in Strait of Hormuz

8 hours ago DieselGasoil Comments Off on Trump tells countries to PAY UP if they want US protection in Strait of Hormuz
Ever the businessman, US President Donald Trump saw something in the ongoing crisis in the Strait of Hormuz most others didn’t: a chance to rake in some cash by demanding foreign nations pay for “protection.” Trump took to Twitter Monday to, once again, call out world governments for supposedly freeloading off the US, this time Read More

Oil climbs to a three-week high as U.S.-Iran tensions simmer

10 hours ago DieselGasoil Comments Off on Oil climbs to a three-week high as U.S.-Iran tensions simmer
By Saket Sundria and Grant Smith on 6/24/2019 SINGAPORE and LONDON (Bloomberg) — Oil rose to the highest level in more than three weeks as political tensions between the U.S. and Iran continued to simmer, with President Donald Trump announcing plans for further sanctions against the OPEC member. Futures added as much as 1.4% in Read More