A liquefied natural gas (LNG) tanker carrying a Qatari cargo was struck by a projectile while traversing the Strait of Hormuz, threatening super-chilled fuel supplies and driving oil prices to their biggest gains since March amid escalating regional conflicts. According to Bloomberg, security consultancies Vanguard Tech and Marisks identified the vessel as the LNG tanker […]
Oil prices settled higher on Friday after Iran said it intercepted two tankers attempting to pass through the Strait of Hormuz, reviving concerns over potential disruptions to global energy supplies and helping crude post sharp monthly gains. Iran also said transit through the strategic waterway is currently not possible due to ongoing US military operations
Oil settles higher, posts monthly gains of over 23% Read More »
Gold prices settled lower on Friday as a stronger US dollar and rising oil prices weighed on the precious metal. However, gold posted its first monthly gain since February, supported by easing US inflation and reduced expectations of further monetary tightening. Geopolitical uncertainty continued to shape investor sentiment at the end of the week after
Gold falls, posts first monthly gain since February Read More »
