- Hormuz vessel crossings fall further as security concerns linger Al-Monitor —
- Tech lifts Asia stocks, Brent crude back above US$92 Channel News Asia —
- Tankers with Saudi crude turn back as Houthis open new front in US-Iran war Times Of India —
- Brent crude tops $92, WTI above $85 as Hormuz tensions threaten global supplies Times Of India —
- The real oil shock from the Iran war might be just beginning The Age —
- The real oil shock from the Iran war might be just beginning Sydney Morning Herald —
- Oil prices rise slightly after US announces new round of strikes on Iran The Straits Times —
- Asian refiners look to Suez Canal to move Saudi oil The Korea Herald —
- Tankers with Saudi crude turn back as Houthis open new front in US-Iran war Rappler —
- Oil prices rise slightly after US announces new round of strikes on Iran - Reuters Reuters —
- War Risk to Oil Supplies Grows With Red and Black Sea Disruptions Wall Street Journal —
- AI stocks gather more strength, even as Brent oil's price nears $92 ABC News —
- U.S. and Iran dig in over control of the Strait of Hormuz PBS —
- Strait of Hormuz vessel crossings fall as US-Iran attacks intensify and Houthi blockade threats disrupt shipping: Report Mint —
- Asia’s oil buyers face US$100-per-barrel risk as Houthis threaten Saudi blockade South China Morning Post —
- Oil prices could surpass $120 per barrel if disruptions in Strait of Hormuz don’t ease, says Goldman Sachs MarketWatch —
- New warning on oil: Goldman Sachs says crude prices could cross $120 if Strait of Hormuz disruptions continue Times Of India —
- Oil prices remain close to one-month high as Yemen announces Red Sea blockade The Independent —
- Iran war pushes gas prices back above $4 per gallon 📹 NBC News — · 59sec
- Why are gasoline prices rising faster than oil prices? Blame it on the ‘crack.’ MarketWatch —
Organization of the Petroleum Exporting Countries
International organization of petroleum-exporting countries
The Organization of the Petroleum Exporting Countries is an intergovernmental cartel enabling the co-operation of leading oil-producing and oil-dependent countries in order to collectively influence the global oil market and maximize profit. It was founded on 14 September 1960 in Baghdad by the first five members: Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. The organization, which currently comprises 11 member countries, accounted for 38 percent of global oil production in 2022. It is estimated that 79.5 percent of the world's proven oil reserves are located within OPEC nations, with the Middle East alone accounting for 67.2 percent of OPEC's total reserves.
Strait of Hormuz Shipping Tensions Ease