Middle East

9 July 2026
WTI climbs towards $73 as Hormuz tensions lift supply risk and oil volatility index jumps

WTI climbed near $73 as Hormuz tensions and collapsed US-Iran talks lifted volatility, tightening supplies.

8 July 2026
WTI jumps to two-week high as Trump Iran memo lapse revives Hormuz supply fears

WTI climbs to two-week high near $74.30 as Hormuz tensions revive fears of global supply disruption.

8 July 2026
Oil holds security premium as US-Iran tensions lift yields; OCBC stays bullish on Brent trajectory

Oil rose on US-Iran tensions, supporting dollar and yields; Brent seen easing gradually; options strategies suggested.

8 July 2026
Brent nears $76 as US strikes Iran and revokes oil licence amid Hormuz shipping fears

Iran vows Hormuz compliance as attacks hit tankers; US strikes Iran, tightens oil sales; crude rises.

8 July 2026
US Treasury revokes Iran oil waiver after Hormuz attacks, lifting Brent and WTI 5%

Treasury revoked Iran oil waiver after Hormuz tanker attacks, lifting crude prices 5% as tensions escalate.

7 July 2026
USD/CAD climbs above 1.4200 as Hormuz tensions lift dollar, soft Fed bets and oil cap gains

USD/CAD climbed near 1.4210 as Hormuz tensions boosted dollar, while softer jobs and oil capped gains.

7 July 2026
USD/JPY Retreats to 161.70 as Carry Trade Holds and Hormuz Tensions Lift Dollar

USD/JPY dips to 161.70 as carry trade, Middle East tensions and Fed outlook support dollar; intervention risk lingers.

6 July 2026
Brent slides after weekly gain as OPEC+ adds supply and Iran eyes Hormuz transit fees

Brent’s weekly rise fades as OPEC+ boosts supply, while Hormuz fees and strikes fuel volatility, pricing fragmentation.

6 July 2026
WTI Holds Near Four-Month Lows as OPEC+ Output Rises and Iran Waiver Looms

WTI rose near $69 as Strait of Hormuz normalised; OPEC+ hikes and Iran waiver talks pressure prices.

6 July 2026
Iran Weighs Strait of Hormuz Transit Service Fees as Oil Flows Normalise and Talks Stall

Iran weighs Hormuz “service fees,” prefers supportive nations; markets calm, but risks rise; strategy: long-dated oil calls.

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