Louisiana Light • 2 days | 74.01 | -0.43 | -0.58% | |||
Bonny Light • 2 days | 75.64 | -0.92 | -1.20% | |||
Opec Basket • 2 days | 75.47 | -1.62 | -2.10% | |||
Mars US • 22 hours | 71.39 | -0.41 | -0.57% | |||
Gasoline • 10 mins | 2.641 | +0.077 | +2.98% |
Bonny Light • 2 days | 75.64 | -0.92 | -1.20% | |||
Girassol • 2 days | 77.94 | -0.93 | -1.18% | |||
Opec Basket • 2 days | 75.47 | -1.62 | -2.10% |
Peace Sour • 13 hours | 65.99 | -0.41 | -0.62% | |||
Light Sour Blend • 13 hours | 67.29 | -0.41 | -0.61% | |||
Syncrude Sweet Premium • 13 hours | 76.24 | -0.41 | -0.53% | |||
Central Alberta • 13 hours | 65.59 | -0.41 | -0.62% |
Eagle Ford • 2 days | 68.22 | -0.41 | -0.60% | |||
Oklahoma Sweet • 2 days | 68.25 | -0.50 | -0.73% | |||
Kansas Common • 2 days | 62.00 | +0.00 | +0.00% | |||
Buena Vista • 6 days | 76.40 | +1.64 | +2.19% |
Crude oil prices moved higher…
Having won reelection, Erdogan may…
Iranian politicians have often said that they would consider blocking the Straits of Hormuz in response to US and EU sanctions that are exerting economic pressure on the Gulf state in order to force more transparency over the nuclear enrichment program.
However in a move that reduces the potency of those threats, Alireza Tangsiri, deputy naval commander in Iran's Revolutionary Guards, has come out and stated that whilst “the enemies constantly state that the Islamic Republic of Iran intends to close the Strait of Hormuz, we say that common sense does not dictate that Iran would close the Strait of Hormuz as long as it makes use of it.”
This follows a similar thought given by Iran’s Foreign Minister Ali Akbar Salehi to Reuters earlier this month; that Iran will not follow through on any threats to block the Straits unless their own vessels were first denied use of the strait.
Iran’s parliament is currently considering a bill which recommends closing the straits in retaliation to the sanctions.
By. Charles Kennedy of Oilprice.com
The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
Trading and investing carries a high risk of losing money rapidly due to leverage. Individuals should consider whether they can afford the risks associated to trading.
74-89% of retail investor accounts lose money. Any trading and execution of orders mentioned on this website is carried out by and through OPCMarkets.
Merchant of Record: A Media Solutions trading as Oilprice.com