Oil

American drivers are facing record-breaking diesel prices as the war between the US and Israel against Iran continues to strain household budgets. The average price per gallon has reached $5.85, significantly higher than last year's average.

The combination of high energy prices and market uncertainty could soon reach the local consumer's pocket, affecting the prices of imported goods and changing the overall situation.

After conflicts in the Middle East and Russia pushed refining margins to a record high and affected gas stations, Julius Baer bank reveals a surprising forecast regarding the future of fuel prices in the near term.

Argentine President Javier Milei announced on Thursday that he would impose sanctions on oil companies operating off the Falkland Islands, renewing his country's claim to the British territory. In an address to the nation, Milei said that "winds of change" are blowing in favor of Argentina's claim and noted that Washington is willing to reconsider its neutral position in the conflict.

The mutual attacks between the USA and Iran and the threats in the Strait of Hormuz have created a high risk premium, but energy experts warn that the mood in the markets is too optimistic and point to a new direction.

Under the cover of strikes in Iran, the U.S. military has almost matched the daily oil volume from the days preceding the war. In one day, 18 million barrels were transported, almost equal to the 20 million in routine times. The U.S. estimates that strikes in the region will continue and identifies an erosion in Iran's ability to control the strait.

Or Poriya, Chairman of Poriya Finance, points to the combination of geopolitical tension, pressure in the bond market, and expected interest rate decisions, warning: despite optimism in the AI sector, market volatility is expected to rise sharply.

The US President distributed a video on social media based on artificial intelligence depicting the destruction of Iran's main oil artery. In practice, the American action tonight focused on neutralizing mines on Larak Island and triggered Iranian missile barrages, some of which were intercepted over Jordan. A look at Tehran's economic "crown jewel" at the heart of the tension.

Globes presents an update on the state of global markets. Monday morning: escalation between the USA and Iran shifts sentiment after a month of relative calm. On Wall Street, bets on a near-term interest rate hike are rising, while stock exchanges in Tokyo and Seoul are losing over 1%.

British firm Rockhopper Exploration, a partner in the Sea Lion project, is preparing for a Tel Aviv Stock Exchange listing. The company raised $200 million, with 40% of its shares already held by Israeli investors.

Iranian President Masoud Pezeshkian has acknowledged a sharp decline in trade due to US sanctions and a naval blockade. Meanwhile, the US continues its economic isolation campaign against Tehran.

Oil exports from the Persian Gulf have recovered to about two-thirds of pre-war levels, limiting the impact of the conflict with Iran on global prices. Total regional exports have reached 15–16 million barrels per day.

Iranian Oil Minister Mohsen Paknejad addressed questions on Thursday regarding the impact of US sanctions on oil exports. While acknowledging a recent decline in sales, the minister confirmed that shipments are still ongoing.

Satellite imagery has revealed dozens of ship-to-ship oil transfers in the Gulf of Oman. While Iran struggles under a naval blockade, regional states are successfully adapting their supply chains, using the open sea to transit millions of barrels of crude.

US President Donald Trump's holdings in the oil and gas sectors have grown by up to 15.5 million dollars following the war with Iran, according to a report by Democratic members of the Joint Economic Committee of Congress.

The American blockade is reducing oil exports from Iran and weakening its direct influence on the market, but fears of disruptions in the Strait of Hormuz continue to drive up oil and diesel prices.

Since early May, the US military has assisted 1,300 vessels in transporting over 660 million barrels of crude oil through the Strait of Hormuz. However, exact daily export figures remain a subject of debate.

Data from maritime monitoring firm Kpler indicates a 50% drop in cargo ship traffic through the Strait of Hormuz. The figures exclude very large crude carriers (VLCC) and LNG tankers. A significant decline in vessel traffic was also recorded in the Bab el-Mandeb Strait.

A dramatic move by the US Treasury sent the dollar down and caused precious metals to jump by more than 4% in a day. Analysts are now estimating where the price will reach in the coming months.

The US military has established a secret shipping lane in the Strait of Hormuz to facilitate oil transport, with approximately 10 million barrels reaching the global market daily. Meanwhile, reports from Lebanon indicate Israeli Air Force strikes near the Ali-Taher ridge, and Houthi forces in Yemen are reportedly preparing for escalation with Saudi Arabia.

More than 80% of vessels have passed through the Omani route under US Navy protection over the last two weeks. Tehran is struggling to collect transit fees, while oil traffic approaches pre-war levels.

Against the backdrop of turmoil in the oil market and continued disruptions to shipping routes in the Middle East, the Gulf is no longer waiting for a solution: "You cannot rely on Donald Trump."

This evening (Tuesday), it can be stated that Donald Trump has won the battle against Iran for the Strait of Hormuz. According to a statement from the president, the threat of naval mines has been completely neutralized, depriving the Iranian regime of its last leverage over a critical global energy corridor.

Tel Aviv closed in the red as Mizrahi Tefahot disappointed and dragged the banks down, but Maytronics surged on reports of talks for FIMI to enter. On Wall Street, oil jumped and yields are at a 19-year high. What is expected today?

The naval blockade imposed by the United States on Iran is beginning to hit one of the regime's main vulnerabilities. According to a report published on Tuesday in the New York Post, Iran's oil exports have plummeted to near zero, and recent satellite imagery indicates little to no activity around the main oil terminal on Kharg Island. Miad Malki, a former senior official at the U.S. Treasury...

Despite the drop in oil imports and severe damage to the Strait of Hormuz following the war in the Middle East, Beijing managed to add barrels to its national inventory. This is the strategic planning that calmed the markets and fears of the next price spike.

The Iranian President said during a meeting with government bodies that his country is unable to sell oil at previous levels and that state revenue from industrial taxes has plummeted. "We cannot collect taxes from factories, and not only that, we have to give them money so they can remain operational," the president admitted.

Hengli, an industrial giant employing over 300,000 workers in China, serves as a lifeline for the Iranian regime amid heavy international sanctions.

The US administration has announced plans to implement unprecedented economic isolation measures against Iran to force a ceasefire. Analysts are assessing the potential success of these steps, given Iran's reliance on China and its established financial workarounds.

The President is attempting to project that the Strait of Hormuz is under American control, yet on the ground, very few ships dare to traverse it.

Maritime exports of Saudi oil from the Red Sea are becoming increasingly difficult to track as tankers disable their AIS tracking systems due to fears of Houthi attacks. This practice, known as 'dark sailing,' complicates market assessments of energy supply volumes.

Iran's demand to impose a transit fee in the Strait of Hormuz is causing deep concern in global markets. Analysts estimate that a fee of 5% to 7% per barrel of oil could generate $18–$25 billion annually for the regime, leading to a global increase in energy prices.

US Vice President J.D. Vance demanded that Volodymyr Zelensky cease offensive operations against oil tankers in the Black Sea. The move aims to prevent shocks to global energy markets and protect American economic interests.

Globes presents the first update on the state of global markets. This morning: positive trend in Asia and Wall Street futures led by chip stocks. CoreWeave and Super Micro surged in after-hours trading following reports. Investors are awaiting the CPI to be released this afternoon in the US.

One of the tankers initially managed to evade a US attempt to seize it and was captured only after a weeks-long chase in the Atlantic Ocean. Now, Washington has sold both ships, and their final destination will be shipyards in India.

World press headlines: Gulf states realize Iran is expected to gain control over Hormuz but prefer this to continued fighting; a new low in Israel-Spain relations; and the severe mental health crisis in Iran.

The trading day will open against the backdrop of rising tensions around the Strait of Hormuz and a jump in global oil prices. Wall Street closed in negative territory yesterday, and the probability priced in by the markets for an interest rate hike has risen to 50%. Today in the Tel Aviv earnings season: Bank Hapoalim and Elbit. Also: JP Morgan raises its S&P 500 forecast to 8,000 points: "AI...

Diplomatic contacts between Washington and Tehran have encountered a significant obstacle, directly affecting the global energy market. After Iran presented its conditions for a peace agreement, US President Donald Trump responded with a demand that Iran pay compensation for victims of wars, attacks, and protests. This exchange led to a deadlock in talks on opening the Strait of Hormuz — a...

The US Strategic Petroleum Reserve (SPR) has fallen below 300 million barrels, reaching its lowest level since 1983. Amid the war with Iran and concerns over the Strait of Hormuz, oil prices have jumped by 4%.

The American naval blockade has almost completely stopped oil exports from Kharg Island, from which about 90% of Iran's oil barrels are exported: Tehran is already reducing production, while negotiations with Oman on opening Hormuz continue.

Wall Street futures signal gains. European markets are trading positively, while Asian markets closed mixed. Bank of America estimates that the US labor market added about 80,000 jobs in July. Monday shareholders approved doubling the compensation package for the CEOs.

According to reports in the UK, a new proposal being examined as part of the contacts between the US and Iran includes the establishment of an international fund to finance passage through the Strait of Hormuz, in which Europe may participate in funding. At the same time, Tehran is examining the option of allowing European forces to assist in clearing naval mines.

This time, no one was surprised when Donald Trump announced the postponement of the strike "because the Iranians asked" or some other lie. As usual, the Iranians denied any agreement and, as proof, attacked another ship in the Strait of Hormuz.

Israel and several Gulf states are negotiating new oil and gas transport routes to bypass the Strait of Hormuz and the Bab el-Mandeb Strait amid the ongoing war with Iran.

Iraqi Prime Minister Ali al-Zaidi, praised by U.S. President Donald Trump, is attempting to pivot Iraq away from Iranian influence. The focus is on major energy deals and combating systemic corruption.

The shekel continues to strengthen against major currencies amid calm in global markets. Investors are awaiting updates on US-Iran talks regarding the opening of the Strait of Hormuz.

US Treasury Secretary Scott Bessent said in an interview with CNBC that President Donald Trump's threat of military action is what brought about the breakthrough in the talks.

Commentators attach overriding importance to the question of rising fuel prices in Donald Trump’s considerations. However, the data do not support this thesis, nor does the president’s conduct.

The US and regional powers are focusing on economic pressure to bring the Iranian regime to a breaking point. Washington aims to avoid escalation before the midterm elections while maintaining a strict blockade.

OPEC has announced an increase in oil production quotas starting in September, though most member states currently struggle to meet existing targets. Oil prices have declined due to expectations of easing tensions with Iran and the potential reopening of the Strait of Hormuz. Meanwhile, the USA has set an all-time record for oil exports, while China is mitigating the global supply decline by...