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BIZARRE: 5 - You Need To See This

Crude oil rally nears $100: Will geopolitical risks push prices higher?

Crude oil prices are nearing $100 per barrel, driven by escalating geopolitical tensions between the US and Iran. While physical supply remains intact, fears of disruptions in the Strait of Hormuz have added a risk premium. Hareesh V of Geojit Investments analyses whether these risks will push prices higher.

The Economic Times

Photos show daily life in Iran on the beach along the Strait of Hormuz

As global attention focuses on the Strait of Hormuz, some Iranians are able to see its waters as a haven. A child plays with a toy on the beach in Kuhestak, a community shaken by a deadly attack on a wedding during U.S. bombardment.

The Independent UK

Iran says it attacked US-linked vessels and tankers as Hormuz clashes intensify

The Islamic Revolutionary Guard Corps claimed that it targeted three oil tankers and three US-affiliated vessels in the Strait of Hormuz as the cycle of violence spirals after the US military struck three Iranian oil tankers earlier on Saturday, in response to Iran targetting the US navy on Friday.

Euronews

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Iran-US war latest: Vance says ‘sometimes things happen’ after US accused of killing five in wedding strike

Vice president rejects characterisation of Iran conflict as a ‘war’ and claims that major combat operations only lasted ‘about six weeks’

The Independent UK

Trump says Iran war is 'small potatoes', Israel strikes southern Lebanon

President Donald Trump on Friday said the Iran war was "small potatoes" for the US, a day after Vice President JD Vance said he wouldn't describe the conflict as a war. In Lebanon, an Israeli strike killed two people in the south, state media reported. Read about the day’s events…

France 24

Oil Price Today (September 4): Crude oil at $96, set for a 7% weekly surge as Iran, US exchange attacks. What’s next?

The latest US attacks, which killed and wounded dozens of people, including Iranian civilians, have resulted in the most intense clashes between the two countries since July. The conflict, which began with US-Israeli strikes at the end of February, has now entered its seventh month.

The Economic Times

Trump doubles down on sanctions, military pressure as Iran refuses to yield

The Trump administration employs economic pressure and military threats against Iran. Iran's government has refused to yield to these intense measures. New sanctions face challenges with major trading partners like China. The Strait of Hormuz remains a key point of contention and risk. Both nations face domestic pressures influencing their…

The Economic Times

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Oil Prices Surge Despite Trump's Proposal to Rename Hormuz Strait as Trump Strait and Claiming It Is Under US Control

US oil prices rose 1.3% despite Trump claiming control over the Strait of Hormuz amid escalating tensions with Iran and diverging data from ship-tracking service providers.

International Business Times UK

Sultan of Oman to make state visit to UK, balancing pressures from US and Iran

The Sultan of Oman will travel to Britain for a three-day state visit next month as the Arab nation that controls the southern shore of the Strait of Hormuz comes under pressure from both the U.S. and Iran

The Independent UK

Trump Eyes Another Name Grab, Floating 'Trump Strait' for Hormuz After Declaring US Control of the Waterway

President Trump suggests renaming the Strait of Hormuz to 'Trump Strait', claiming US control. The proposal follows a pattern of renaming initiatives, amidst ongoing US-Iran tensions.

International Business Times UK

End Iran war or keep options open? Trump, Pentagon appear to take different tracks

President Trump considers ending the seven-month Iran war while extending troop deployments. Recent US and Iran attacks escalate tensions across the West Asia region. American forces struck multiple Iranian sites, and Tehran retaliated against US-linked facilities. The US escorted forty commercial vessels through the Strait of Hormuz. Pentagon preparations suggest…

The Times of India

'They can't go to the bathroom': Trump claims US has eyes on Iran’s every move

US President Trump stated the United States maintains very strong control over the Strait of Hormuz. American forces detected and destroyed an Iranian rocket system intended for mine deployment. US forces also removed existing mines and continue to move oil tankers safely. Iran's efforts to rebuild radar and missile capabilities…

The Times of India

Iran-US war latest: JD Vance claims China will help economically isolate Tehran and says conflict ‘not a war’

Vice president claimed that major combat operations ‘lasted about six weeks’

The Independent UK

Has Iran modified its rocket systems to fire mines into the Strait of Hormuz?

Fighting escalated in the Middle East over the weekend after US airstrikes on Sunday targeted Iranian rocket launchers on the island of Larak. The exchange of fire was instigated by the US in retaliation against Iran’s new capabilities for firing mines from rockets into the Strait of Hormuz. Iran’s use…

France 24

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The Economic Times

60 targets struck in a day: Inside the US military's biggest push to secure Hormuz

US forces escorted forty commercial vessels carrying eighteen million barrels of oil. Simultaneously, American troops struck nearly sixty Iranian military targets around the strategic waterway. This escalation follows a week of increased incidents and retaliatory attacks between the two nations. The United States has asserted strong control over the Strait…

The Economic Times

Trump says US campaign against Iran will not continue for ‘too long’

United States President Donald Trump stated the renewed campaign against Iran will not continue for too long. US forces destroyed new Iranian equipment which was being built near the Strait of Hormuz. These strikes targeted defensive and offensive systems which Iran was rebuilding. This marks the heaviest exchange of fire…

The Economic Times

Oil Price Today (September 3): Crude oil flat at $96 as traders weigh fresh US-Iran attacks. What are experts saying?

U.S. President Donald Trump said on Wednesday that the renewed U.S. campaign against Iran would not continue for "too long". He said U.S. forces had targeted Iran's radar and missile systems.

The Times of India

US struck 60 targets as 40 vessels, 18mn barrels of oil crossed Hormuz in record day: Report

The US military escorted 40 commercial vessels carrying around 18 million barrels of oil through the Strait of Hormuz on Tuesday, marking a wartime high as Washington and Tehran exchanged a fresh round of strikes, according to two US officials familiar with the operation who spoke to CNN.

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The Economic Times

Oil edges down as investors weigh uncertainty over U.S.-Iran strikes

On Thursday, oil prices dropped slightly amid escalating military tensions. Investors are closely monitoring the hostilities between the United States and Iran, as recent clashes mark the most significant skirmishes since July, raising global supply concerns. Nevertheless, by midday Wednesday, initial signs of easing tensions appeared, with shipping data revealing…

France 24

US-Iran war: Old videos falsely claim to show new attacks on American bases

As US-Iran hostilities flare up and strikes resume, so has a wave of misinformation online. Old and unrelated videos are flooding social media, falsely presented as footage of new attacks. As tensions escalate, clips filmed in Dubai, Russia and the US have been misrepresented as Iranian strikes on US bases…

Fortune

The Trump administration says more oil shipments exited the Middle East this week than before the Iran war, but the data says otherwise

More oil is exiting the Middle East of late, but it's not close to pre-war levels, experts said.

The Times of India

Trump suggests renaming Strait of Hormuz ‘Trump Strait’ amid escalating US-Iran conflict

In a bold move, President Trump suggested that the Strait of Hormuz be renamed to 'Trump Strait', asserting U.S. dominance over this crucial maritime route. Following actions to clear Iranian mines and safeguard commercial shipping, the American military has actively engaged Iranian targets amidst rising tensions. A naval blockade against…

Barchart

Fears of an Extended US-Iran Conflict Boost Crude Oil Prices

October WTI crude oil (CLV26 ) is up +0.43 (+0.48%) today, and October RBOB gasoline (RBV26 ) is up +0.0126 (+0.40%). Crude oil and gasoline prices are moving higher today, with crude oil posting a fresh 6-week high. Crude has support as hostilities escalated between the US and Iran, raising...

The Economic Times

Saudi Arabia says Iran attacked vessel in Hormuz, killing two sailors

Saudi Arabia reported an Iranian attack on a national oil tanker. This incident tragically killed two Filipino seafarers on Monday. The supertanker Sidr was hit while transiting the Strait of Hormuz. Saudi Arabia stressed the necessity of halting escalations and respecting maritime safety. This follows previous attacks on Bahri vessels…

The Independent UK

Iran targets US allies in Gulf after overnight attacks, and other Mideast news

Iran has targeted U.S. Gulf allies, firing drones at Kuwait and Bahrain after U.S. airstrikes in Iran

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