EIA forecasts crude oil prices could rise $20/bbl if Strait of Hormuz remains closed through June

The post Brent: Supply risk keeps prices elevated – Deutsche Bank appeared on BitcoinEthereumNews.com. Deutsche Bank’s macro strategy team notes that Brent Oil remains supported by geopolitical tensions and supply concerns. Comments from President Trump about the Strait of Hormuz have reinforced fears of a prolonged disruption, driving prices higher overnight. While Brent was little changed in the previous session, late gains contributed to a more hawkish repricing of Federal Reserve expectations. Geopolitics and Fed repricing drive Oil “As we go to press this morning, markets have lost momentum after President Trump said the US doesn’t need the Strait of Hormuz open “at all”. So that’s added to fears that the Strait will remain blocked for some time, leading to a more protracted energy shock for the global economy.” “Indeed, Brent crude oil prices are up another +1.21% overnight to $107.00/bbl.” “In the meantime, oil prices were little changed yesterday, with Brent crude (+0.09%) clos

The post Indian Rupee: Policy support amid pressure – MUFG appeared on BitcoinEthereumNews.com. MUFG’s Michael Wan highlights that India has unveiled several austerity-linked policy steps as Strait of Hormuz tensions pressure capital flows and the balance of payments. Authorities sharply raised import duties on Gold and Silver and capped duty-free Gold imports to support the Indian Rupee (INR), while also considering lower withholding taxes on bonds. MUFG remains cautious on INR versus G10 and Asian currencies. India policy shifts and Rupee outlook “India produced a cluster of significant policy moves this week, all tied to the government’s austerity push amid the Strait of Hormuz driven pressure on capital flows and balance of payments.” “The Finance Ministry raised import duties on gold and silver to 15% from 6%, effective 13 May, and on Thursday capped duty-free gold imports under the Advance Authorisation scheme at 100 kg per approval — measures aimed at curbing non-essential impor

The post USTR’s Greer: Keeping The Strait Of Hormuz Open Is Crucial For China’s Economy And Global Trade appeared on BitcoinEthereumNews.com. USTR’s Greer: Keeping The Strait Of Hormuz Open Is Crucial For China’s Economy And Global Trade Skip to content Home Forex News USTR’s Greer: Keeping the Strait of Hormuz Open Is Crucial for China’s Economy and Global Trade Source: https://bitcoinworld.co.in/ustr-greer-strait-of-hormuz-china/

The post US President Donald Trump: Xi Jinping likely has power to sway Iran appeared on BitcoinEthereumNews.com. US President Donald Trump said on Thursday that China’s leader Xi Jinping likely has power to sway Iran, adding that he’s not going to be much more patient on the Iran, Reuters reported on Friday. Earlier Thursday, Trump stated that China’s leader Xi Jinping had offered to help negotiate an end to the war with Iran and keep the Strait of Hormuz open to global shipping. Key quotes China wants to buy oil from US.  Going to start sending Chinese ships to Texas, Louisiana, and Alaska. Iran leaders we are dealing with are reasonable.  Not going to be much more patient on the Iran.  China will open country in stages. Raised visa company with China in talks.  Xi probably has ability to influence Iran. Iran’s enriched uranium can be entombed but I’d rather get it. Getting Iran’s enriched uranium is more for public relations than anything else. US-China Trade War FAQs Generally spea

The post WTI holds losses near $97.50 as 30 vessels navigate through Hormuz appeared on BitcoinEthereumNews.com. West Texas Intermediate (WTI) oil price remains in the negative territory after posting modest gains in the previous day, trading around $97.60 per barrel during the Asian hours on Friday. However, WTI crude is on track to rise more than 6% this week as stalled diplomatic efforts to end the United States (US)-Iran conflict leave the strategically vital Strait of Hormuz effectively closed. Although prices dipped slightly following reports from Iranian state media that 30 vessels had successfully navigated the Hormuz, market anxiety remains high due to recent ship seizures and attacks. The ongoing “dual blockade” of this key shipping route has become a primary sticking point in negotiations. US President Donald Trump recently characterized the current ceasefire as being on “massive life support” after dismissing Tehran’s latest response to his peace proposal. Amid the tension,

Iran's toll on the Strait of Hormuz could trigger global shipping route changes, impacting energy markets and prompting similar policies elsewhere. The post Iran imposes $1M toll on Strait of Hormuz transits, impacting global oil flow appeared first on Crypto Briefing.

The post 30 China-linked vessels transit Strait of Hormuz under Iranian supervision appeared on BitcoinEthereumNews.com. ## Market Snapshot Strait of Hormuz Traffic by May: 0.2% YES for May 15, 7.5% YES for May 31. Strait of Hormuz Ship Transit by May 31: 64% YES for 20 ships, 26% YES for 40 ships, 9% YES for 80 ships. Prices have fluctuated notably in the last 24 hours. ## Key Takeaways – The confirmed transit of 30 China-linked vessels under Iranian supervision suggests an increase in traffic consistency. – Market pricing indicates a higher likelihood of achieving normal traffic levels by the end of May. – The recent developments appear supportive of a YES outcome for ship transit markets, reflecting increased operational continuity. ## Article Body In a significant development amid the ongoing US-Israeli conflict with Iran, approximately 30 China-linked vessels have transited the Strait of Hormuz under Iranian supervision in the last 24 hours. This marks the third passage of Chinese

The post Scott Bessent says China will quietly pressure Iran to reopen Strait of Hormuz appeared on BitcoinEthereumNews.com. U.S. Treasury Secretary Scott Bessent said China is expected to press Iran privately to get the Strait of Hormuz open again, because Beijing is sitting right in the middle of the oil problem. Scott said on Thursday that China has more at stake than the United States because it buys a huge amount of crude from the Middle East and gets nearly all of Iran’s exported oil. He told Joe Kernen, “It’s very much in their interest to get the strait reopened.” Scott then added, “I think they will be working behind the scenes to the extent anyone has any say over the Iranian leadership.” China is the world’s biggest crude oil importer. In the year 2024, roughly 10% of its crude oil imports were from Iran, while over 50% of all imports were from the Middle East, according to the U.S. Energy Information Administration. As Scott pointed out, almost every barrel Iran exports to