Express News | International Monetary Fund: Closely monitoring the energy shock caused by the Middle East conflict and its impact on fertilizers.

BreakingsMay 14 23:01

Iran reports that dozens of vessels are crossing the Strait of Hormuz, causing oil prices to fall.

On Thursday, official Iranian media reported that approximately 30 vessels had crossed the Strait of Hormuz within the past few hours, causing oil prices to decline. The price of Brent crude futures retreated from a previous high of $107.13 per barrel. At 14:22 Greenwich Mean Time, Brent crude futures (LCOc1) fell by 60 cents, or 0.6%, to $105.03 per barrel, while U.S. West Texas Intermediate crude futures dropped by 52 cents, or 0.5%, to $100.50 per barrel. The Strait of Hormuz is a critical global energy passage.

Global Market UpdatesMay 14 22:20

Fed's Schmid Sasy Continued Inflation Is Most Pressing Risk To Economy, Clear That It Is Still Too High; US Economy Has Shown 'Remarkable Resilience' And Economic Fundamentals Remain Sound; US Economy Less Vulnerable To Global Oil Disruptions Than In...

BenzingaMay 14 22:18

Analyst: Traffic through the Strait of Hormuz increases, but so does the number of 'dark voyages' ships.

Gelonghui, May 14 | The traffic volume in the Strait of Hormuz has increased this week; however, analysts have warned that more vessels turned off their Automatic Identification System (AIS) tracking signals during passage. According to Lloyd's List, a specialized shipping media outlet, tanker owners are preparing for prolonged shipping disruptions as regional risks remain high. Current traffic levels are still significantly lower than pre-conflict figures. At that time, approximately 130 vessels passed through the strait daily, carrying about 20% of the world’s oil and gas supplies.

Gelonghui FinanceMay 14 20:57

OPEC+ plans to continue increasing crude oil production quotas, but geopolitical conflicts hinder the implementation of production increases.

This round of production increase remains a policy on paper, with actual implementation facing practical obstacles.

Zhitong FinanceMay 14 20:37

WTI, Brent Crude Futures Rise Pre-Bell as China Reportedly Warns US on Taiwan While Agreeing Iran Shouldn't Control Hormuz

MT NewswiresMay 14 18:01