Share markets slipped in Asia on Monday ​as fighting intensified in the Gulf and Iran claimed to have closed the vital Strait of Hormuz, sending oil prices surging ‌and rekindling inflation risks

Oil Supply Adapts to Hormuz Disruptions

12:08pm, Sunday, 12'th Jul 2026
Bloomberg Intelligence senior commodities strategist Mike McGlone says oil markets are largely accepting US assurances that the Strait of Hormuz remains open, with expanding Western Hemisphere supply
The newly released 2026 Statistical Review of World Energy reinforces a point that sometimes gets lost in political discussions about energy: the United States remains the world's largest oil producer
Oil spiked 7% today. WTI crude blew through $75 a barrel.
‘The Big Money Show' panel weighs why investors are looking past renewed Iran tensions, what's keeping oil prices in check and why Wall Street remains focused on the U.S. economy.
Oil prices moved lower as Iran asked for negotiations.
The week was marked by heightened geopolitical tensions and continued volatility in semiconductor trading.
The head of the International Energy Agency has urged the EU to reexamine its opposition to new oil and gas exploration in the ​Arctic, as Europe seeks to secure its future energy supplies.
The oil markets continue to see a lot of noisy trading, as we are in the middle of trying to find the bottom. A summer range is my default thought here, so let's see if it comes to fruition.
Quantum Helium Ltd (AIM:QHE) said first-half gross oil revenue from its Sagebrush Project reached US$316,263, as stronger realised prices and extra sales from the Sagebrush-1 test lifted second-quarte
World oil demand set for first annual decline since 2020, IEA says
Oil prices fell in early trading on Friday but remained on track for weekly gains as the United States and Iran continued trading ​strikes.
Crude oil shows early signs of a potential bottom after a bullish reversal, but buyers must overcome key resistance levels to confirm a broader recovery.
Gasoline and diesel ​markets are signalling a fuel supply crunch despite relatively subdued crude oil prices, suggesting the energy shock from the Iran ‌war may be far from over.
Governments are set to buy millions of barrels of oil through 2028 to rebuild ​emergency reserves depleted by drawdowns to plug a gap in global supply caused by the U.S.-Israeli war on Iran, analyst
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