The US-Iran conflict is expected to reduce global refined petroleum products demand by 2.4 million barrels per day in 2026, according to Kpler, with a recovery projected in 2027.
Tag: Strait of Hormuz
Trump Rules Out New Iran Attack Before November Midterm Elections as Washington and Tehran Hold Talks!
Donald Trump has ruled out new US attacks on Iran before the November 3 midterm elections, citing productive discussions as tensions over oil, security and Iran’s nuclear programme continue.
Hormuz Tanker Attacks Reach Weekly High as Gulf Oil Exports Rise!
Tanker attacks in the Strait of Hormuz reached their highest weekly level since the Iran war began as Gulf producers push to increase oil exports despite growing maritime risks.
Oil Rises Above $100 as Hormuz Risks Weigh on Markets and Stocks!
Oil prices rise above $100 as Strait of Hormuz risks, tanker attacks and Middle East tensions pressure global markets and raise concerns over energy supplies.
Iran President Pezeshkian Says Talks With US Are ‘Meaningless’ Amid Renewed Tensions!
Iran President Masoud Pezeshkian says negotiations with the United States are meaningless as sanctions, military tensions and disputes over the Strait of Hormuz continue.
Iran Says US Conflict Has No Military Solution, Warns of Stronger Response to Any New Attack!
Iranian Foreign Minister Abbas Araghchi says there is no military solution to the US-Iran conflict, calling for negotiations while warning of a stronger response to any renewed attack.
Oil Prices Surge After Trump Rejects Iran Truce Proposal, Renewing Global Inflation Concerns!
Oil prices surged after US President Donald Trump rejected an Iranian seven-day truce proposal linked to reopening the Strait of Hormuz, renewing global inflation and energy supply concerns.
Pezeshkian Says US Must Choose Whether to End Iran War as Tehran Signals Openness to Deal!
Iranian President Masoud Pezeshkian says the US must choose whether to end the Iran war as Tehran signals openness to dialogue and a possible diplomatic deal.
Iran Proposes Seven-Day Plan to Reopen Strait of Hormuz if US Conditions Are Met!
Iran has proposed a conditional seven-day plan to reopen the Strait of Hormuz as Tehran and Washington pursue diplomatic talks over the wider conflict.
Pezeshkian Tells Trump Iran Will Never ‘Bend at the Knee’ as UN Diplomacy Continues!
Iran President Masoud Pezeshkian tells Donald Trump that Tehran will never “bend at the knee” as Washington and Tehran continue military confrontation and diplomatic efforts.