Siim, Author at EmeraldBay Trading

Global Oil Market Eases As US–Iran Dialogue Boosts Supply Hopes, Brent Drops To $94.44

April 21, (THEWILL) — Global oil prices eased on Tuesday, offering cautious optimism to energy markets, as renewed diplomatic engagement between the United States and Iran strengthened expectations of improved crude supply from the Middle East. Brent crude futures fell by $1.04, or 1.1 percent, to $94.44 per barrel, while U.S. West Texas Intermediate […]

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Crude Oil Prices Sharply Higher as Middle East Peace Efforts in Limbo

Uncategorized / By Siim

May WTI crude oil (CLK26) on Monday closed up +5.76 (+6.87%), and May RBOB gasoline (RBK26) closed up +0.1120 (+3.73%). Crude oil and gasoline prices settled sharply higher on Monday after Iran on Saturday said the Strait of Hormuz was closed for shipping following a refusal by the US to lift a naval blockade of

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Oil prices jump and Wall Street slides with US, Iran clashing in the Strait of Hormuz

Uncategorized / By Siim

Oil prices climbed more than 5% and Wall Street veered toward losses before the opening bell Monday as a standoff between Iran and the U.S. prevented tankers from using the Strait of Hormuz. Futures for the S&P 500 also fell 0.5% while futures for the Dow Jones Industrial Average slid 0.6%. Nasdaq futures also were

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Oil prices jump after U.S. seizes Iranian vessel, imperiling ceasefire

Uncategorized / By Siim

Iran threatened retaliation after the seizure in the Gulf of Oman, and it wasn’t clear whether Tehran would attend talks in Pakistan, with a ceasefire set to expire Wednesday… https://www.washingtonpost.com/world/2026/04/19/trump-iran-war-hormuz-strait-negotiations/

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Oil Prices Surge After U.S. Seizes Iranian Vessel Near Hormuz

Uncategorized / By Siim

By Josh Owens – Apr 19, 2026, 10:18 PM CDT Oil prices climbed sharply in early Asian trade on Monday, as the U.S. Navy intercepted an Iranian vessel it accused of attempting to break its blockade. The seizure reignited fears of a major escalation in the conflict and a prolonged disruption in the Strait of

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Oil prices fall after Iran declares Strait of Hormuz ‘completely open’

Uncategorized / By Siim

Oil prices fall after Iran declares Strait of Hormuz ‘completely open’ In a recent breaking Iran has reopened Strait of Hormuz after weeks long blockade of key waterway amid escalating global energy crisis. Oil prices have dropped over 10% in less than two hours after the Minister for Foreign Affairs of Iran declared the Strait

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Oil prices plunge as markets rally after Strait of Hormuz reopens

Uncategorized / By Siim

cleared – Copyright © africanews LaPresse By Agencies Last updated: 9 hours ago Oil Global oil prices tumbled sharply on Friday while stock markets surged, after Iran announced the full reopening of the Strait of Hormuz, easing fears of a prolonged energy disruption. Benchmark U.S. crude dropped more than 10%, falling to just over 81

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Current price of oil as of April 16, 2026

Uncategorized / By Siim

By 8:15 a.m. Eastern Time today, oil had reached $97.06 per barrel, measured using the Brent benchmark. That’s 23 cents more than it cost yesterday morning and about $31 above its price a year earlier. Will oil prices go up? Oil prices are inherently unpredictable. While many variables come into play, the basic push and

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Thumbs-up for diesel subsidy ‘but more may be needed’

Uncategorized / By Siim

The transport and industrial sectors have welcomed the government’s relief measures in response to surging fuel prices due to the Middle East conflict. That came after a HK$1.8 billion relief package was approved by the Legislative Council on Friday to help businesses cope with the sharp rise in global oil prices since the United States

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Excise tax on LPG, kerosene removed

Uncategorized / By Siim

UPDATE) PRESIDENT Ferdinand Marcos Jr. will meet with members of his Cabinet today to discuss how to ease the burden of rising gasoline and diesel prices on consumers, after suspending excise taxes on liquefied petroleum gas (LPG) and kerosene on Monday.In a briefing in Malacañang, Marcos said he would meet the interagency body tasked to

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Author name: Siim

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