What’s at Stake — Supply Disruption or Peaceful ResolutionWhat’s at stake is potential supply disruptions driven by possible military action against Iran by the United States. The situation went from optimistic to tense quickly overnight. For most of the session on Thursday there seemed to be a relative calm in the market as the latest talks held in Geneva seemed to indicate a possible peaceful resolution to the simmering tensions between the two countries.During the negotiations the United States remained ...

Oil prices edge lower after US, Iran extend talks | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]A view shows oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. REUTERS/Alexander Manzyuk [Purchase Licensing Rights, opens new tab]Feb 27 (Reuters) - Oil prices fell on Friday and were on track for a weekly decline after the United States and Iran extended talks over the OPEC member's nuclear programm ...

Nuclear talks on Thursday were expected to ease the uncertainty surrounding tensions between the U.S. and Iran. They ended with the promise of further discussions. ...

In comments on Tuesday night, President Trump said he is hoping to make a deal with Iran, but only if the Iranians are willing to pledge to never develop nuclear weapons. “We want to make a deal but we haven't heard those secret words: ‘We will never have a nuclear weapon,'" Trump said. "My preference is to solve this problem through diplomacy but one thing is certain: I will never allow the world’s number one sponsor of terrorism, which they are by far, to have a nuclear weapon — cant let that happen.” ...

In comments on Tuesday night, President Trump said he is hoping to make a deal with Iran, but only if the Iranians are willing to pledge to never develop nuclear weapons. “We want to make a deal but we haven't heard those secret words: ‘We will never have a nuclear weapon,'" Trump said. "My preference is to solve this problem through diplomacy but one thing is certain: I will never allow the world’s number one sponsor of terrorism, which they are by far, to have a nuclear weapon — cant let that happen.” ...

Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv US tariff rate to hit 15% or more for some nations, USTR says February 25, 20261:11 PM UTCUpdated ago By Reuters Shipping containers are stacked on a cargo ship at the port of Oakland following the Supreme Court's ruling that Trump had exceeded his authority when he imposed tariffs, in Oakland,... Purchase Licensing Rights, opens new tab Read more WASHINGTON, Feb 25 (Reuters) - The U.S. tariff ...

Chevron sells Venezuelan oil to India's Reliance for the first time since 2023, ship data and sources say | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]The Chevron logo is pictured in Caracas, Venezuela, December 2, 2022. REUTERS/Gaby Oraa/File Photo [Purchase Licensing Rights, opens new tab]- Companies[Chevron Corp]Follow[Reliance Industries Ltd]FollowHOUSTON, Feb 24 (Reuters) - U.S. oil major Chevron [(CVX.N), opens new tab] ha ...

Occidental CEO says industry needs $70/barrel oil to grow production | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Occidental President and CEO Vicki Hollub speaks during CERAWeek in Houston, Texas, U.S., March 11, 2025. REUTERS/Kaylee Greenlee [Purchase Licensing Rights, opens new tab]- Companies[Occidental Petroleum Corp]FollowWASHINGTON, Feb 24 (Reuters) - Occidental [(OXY.N), opens new tab] CEO Vicki Hollub said on Tuesday th ...

Once again, the energy markets are in a high-stakes standoff, which means traders have to decide whether to stand down or get involved. For the second time in the past 12 months, geopolitical friction involving Iran is creating a "fear premium" in crude oil (QAK26) prices. For investors, this volatility presents a tactical opportunity, but the choice of vehicle used can lead to vastly different outcomes. The traditional choices line up this way: Do you own the physical commodity or the companies that extr ...

Market Analysis - Key support levels for the asset include an uptrend line from January 7 at $55.48, currently at $64.70, and a 50% retracement level at $64.52 [1] - Additional support levels are identified at $62.84 and $61.08, with major indicators being the 200-day moving average at $60.97 and the 50-day moving average at $60.43, which is expected to cross above the 200-day MA soon, signaling bullish momentum [1] Geopolitical Impact on Oil Supply - Ongoing discussions regarding Iran's nuclear program are set to resume in Geneva, with the U.S. pressuring Iran to abandon its nuclear ambitions, which Iran has resisted, claiming it as their right [2] - President Trump's statement indicates a potential military action against Iran within a 10-to-15-day timeframe if negotiations do not yield results, raising concerns about oil supply disruptions [3] - Traders are currently hedging against potential oil supply disruptions, with estimates suggesting a protective stance of 6% to 10% taken by traders, despite no oil supply being lost yet [4] - The U.S. State Department's withdrawal of non-essential personnel from the embassy in Beirut signals increasing tensions and a possible escalation in military actions [4]