Oil advances as Strait of Hormuz reopening remains out of reach
Crude prices rose on continued disruption at the Strait of Hormuz and Houthi attacks on shipping, while U.S. equity futures held near flat as hopes for a quick reopening faded.
Energy
Oil, gas, power markets and the utilities caught between them.
127 report(s) in the archive
Asian equities edge higher as oil rises on Gulf uncertainty
Asian stock markets posted modest gains while crude prices moved up amid unclear conditions in the Gulf.
QXO shares fell more than 20% in July after closing major acquisition
Building products distributor QXO declined by over 20% during July, with the drop following the completion of a large acquisition and a rise in interest rates and oil prices.
Iran links reopening of Strait of Hormuz to US concessions
Iran has tied any reopening of the Strait of Hormuz to a set of demands on the United States, according to reports.
Oil Firms, Stock Futures Flat as Hormuz Reopening Doubts Persist
Fresh Iranian demands cast doubt on a near-term reopening of the Strait of Hormuz, lifting crude prices while U.S. equity futures held steady ahead of key inflation data. Tehran also replaced the head of its Supreme National Security Council mid-negotiation.
Trump Says Data Centers Could Outgrow Oil, Urges States to Cut Taxes
President Trump said data center investment could become a larger economic force than oil and called on state governments to lower taxes and speed permitting to attract AI infrastructure.
Iran Says Oman-Brokered Deal on Hormuz Is in 'Final Stages'
Tehran said an agreement mediated by Oman is close to completion but placed the onus on Washington to act to reopen the Strait of Hormuz, as markets weigh the consequences of a reopening.
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