The Iran war has shattered oil's price compass - Reuters
The Iran war has shattered oil's price compass Reuters
Coverage by Political Leaning
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Notable Quotes
"Demand destruction will spread as scarcity and higher prices persist."
— Fatih Birol , Executive
"Resuming flows through the Strait of Hormuz remains the single most important variable in easing the pressure on energy supplies, prices and the global economy."
— Fatih Birol , Executive
"If someone wants oil for immediate delivery – rather than in the future – what matters is the spot price."
— Pavel Molchanov , Academic
"Under ordinary circumstances, the spot price and front-month futures price are roughly equal, because oil today carries little to no extra value as compared to oil one month from now."
— Pavel Molchanov , Academic
"It’s not a silver bullet to solve everything. You have to solve the underlying problem."
— Maksim Sonin , Executive
"If this continues, the release will only buy temporary relief."
— Gregor Semieniuk , Academic
"I do see a deal in Iran, yeah. Could be soon."
— Donald Trump , Politician
"Physical oil moves around the world in loading cycles, and Europe has taken around three weeks to really start feeling the effects of the oil shortage."
— Greg Newman , Executive
Key People
Anwar Ibrahim is the Prime Minister of Malaysia.
Former president of the United States known for his aggressive economic policies.
Fatih Birol is the director of the International Energy Agency.
CEO of Onyx Capital Group, offering insights into the oil market's current situation.
Gregor Semieniuk is a professor of public policy and economics at the University of Massachusetts Amherst.
Ishaq Dar is the Foreign Minister of Pakistan.
Maksim Sonin is an energy executive associated with Stanford University’s Hydrogen Initiative.
Pavel Molchanov is an investment strategy analyst at Raymond James.
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<a href="https://news.google.com/rss/articles/CBMingFBVV95cUxQLXp3OFlRQU95N0Jxc3RRM0o1MEx4UWl4QTVKM3lDNWJnaUNlb2RaWVpTelVTUkdIYTBhTW9nS2NvTmF3eExxcG1mQWQwZjN6T1VIVHRpcTEza2s3aHk0NEp3MjRNbDl4dDViU3NrLWJtUXpFWDFhZnJsRTQwbXJRWTVrM0U0a2wxVkVIYkpyNG1xYThJb3h6YXc4T3RpZw?oc=5" target="_blank">The Iran war has shattered oil's price compass</a> <font color="#6f6f6f">Reuters</font>
The International Energy Agency forecasts a decline in global oil demand due to disruptions from the U.S.-Israel war on Iran, with a projected drop of 80,000 barrels per day in 2026.
Analysts discuss the widening gap between physical and futures oil prices, indicating a more severe energy shock than previously appreciated, influenced by the U.S.-Israel war on Iran.
Oil prices surge to over $116 per barrel amid escalating tensions, with Iran accusing the U.S. of preparing a ground invasion.
The U.S.-Israel war on Iran has led to a surge in oil prices, disruptions in the Strait of Hormuz, and significant impacts on cryptocurrency and artificial intelligence sectors.
Despite the International Energy Agency's release of 400 million barrels of emergency reserves, global oil prices continue to surge amid the U.S.-Israel war on Iran.
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