|
|
|
|
|
|
|
|
|
|
|
|
|
27.08.26 - 15:03
|
Kuwait, Qatar Ramp Up Hormuz Oil Flows As Oman-Iran Talks Ease Supply Fears (ZeroHedge)
|
|
|
Kuwait, Qatar Ramp Up Hormuz Oil Flows As Oman-Iran Talks Ease Supply Fears
Brent crude futures fell to an intraday low of $86.22 a barrel early Thursday before recovering above $88 by 0630 ET. The benchmark is down 6.3% this week as traders unwind part of the war-risk premium amid growing optimism that renewed diplomatic efforts involving Iran, Oman and Qatar could reduce the threat of drone attacks on tankers in the critical waterway.
Bloomberg reported earlier that Kuwait and Qatar are restoring crude exports through the highly contested maritime chokepoint. Sources familiar with energy flows in the Gulf region say that both producers are shipping about 70% of the combined 2 million barrels a day they exported before the Iran war.
Total oil shipments via tankers have climbed to between 7 million and 8 million barrels a day, up from roughly 4 million barrels a day in mid-July and equal to about 75% of prewar levels, according to the outlet.
London-based energy and freight analytics firm Vort...
|
|
|
|
|
26.08.26 - 16:45
|
Oil Extends Decline As Rubio Rules Out New Strikes, Iran-Oman Transit Deal Nears Finalization (ZeroHedge)
|
|
|
Oil Extends Decline As Rubio Rules Out New Strikes, Iran-Oman Transit Deal Nears Finalization
An IRGC spokesman has announced Wednesday that Iran and Oman have reached agreements on their share of the Strait of Hormuz and its revenues, according toTasnim news agency. So essentially the "fee" scheme has been set. There's talk of reopening the strait on an "interim" basis, Bloomberg says.
"We entered into negotiations with Oman about a month ago and have reached results that have been accepted by both sides," the official said. "Agreements have been reached on the share of each country in the waters of the strait and the share of Iran and Oman in its revenues," the statement continued, while also alleging that negotiations were previously delayed only due to the US obstructing negotiations.
via Reuters
Tehran is still insisting on the United States lifting its naval blockade of the country's ports. However, it seems that for now at least Tehran is open t...
|
|
|
|
|
26.08.26 - 14:18
|
Oil Dumps As Iran, Oman Push To Reopen Hormuz; Satellite Image Shows Gulf Producers Ramping Up (ZeroHedge)
|
|
|
Oil Dumps As Iran, Oman Push To Reopen Hormuz; Satellite Image Shows Gulf Producers Ramping Up
Brent crude futures dropped for a third session as Iran and Oman advanced plans for a temporary maritime corridor through the Strait of Hormuz.
Brent tumbled to $85 a barrel early Wednesday, down more than 9% for the week, while West Texas Intermediate traded around $80. Crude remains up more than 41% this year following the US-Iran conflict and ongoing disruptions at the Hormuz chokepoint.
Earlier, Oman's state news agency reported that Iranian Foreign Minister Abbas Araghchi and Omani Foreign Minister Badr Albusaidi discussed an "interim framework" establishing a temporary joint shipping corridor.
Iranian Deputy Foreign Minister Kazem Gharibabadi said both countries agreed on a temporary route and intend to negotiate a permanent corridor within 30 to 60 days, according to Tasnim. No timeline has been given for when the temporary deal to reopen the critical waterway would begin.
Talk of a...
|
|
|
|
|
|
|
|
|
|
|
19.08.26 - 14:06
|
Saudis Offer To Sell Oil Near Oman, A Sign They′re Sailing Dark Through Hormuz (ZeroHedge)
|
|
|
Saudis Offer To Sell Oil Near Oman, A Sign They're Sailing Dark Through Hormuz
Saudi Arabia spent weeks finding ways around the Strait of Hormuz. Now it is starting to send tankers straight back through it.
According to OilPrice.com, Saudi Aramco resumed crude loadings from its Ras Tanura and Juaymah terminals inside the strait last week, ending a three-week gap in activity at the ports, according to Kpler and Vortexa data cited by Reuters.
Three VLCCs -- Malaysia Prosperity, Algeria Prosperity and Singapore Prosperity -- each loaded roughly 2 million barrels between August 12 and August 16. Six more VLCCs could load Saudi crude from inside Hormuz later this month, provisional Kpler data showed.
The next round may involve Saudi Arabia's own ships. According to Bloomberg, Saudi Arabia is offering to sell oil from off the coast of Oman, a sign that the kingdom may be following the United Arab Emirates in shuttling more barrels through the Strait of Hormuz.
Saudi Aramco is offering cargoes o...
|
|
|
18.08.26 - 10:12
|
Oil prices jump after US-Iran ceasefire expires and Trump threatens Oman (The Guardian)
|
|
|
Brent crude rises above $90 a barrel for the first time since 30 July after US president tells Tehran to surrenderBusiness live – latest updatesOil prices have risen again after the two-month window to negotiate a peace deal in the US-Israel war on Iran expired on Monday with no end to the conflict in sight.Iran said on Monday that it would take a more aggressive stance if talks with the US failed, while Donald Trump demanded Tehran “put up the white flag of surrender” in an interview with Fox News. Continue reading......
|
|
|
|
|
|
|
|
|
|