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Shares of Oil and Gas-related Companies Are Trading Higher Amid the Ongoing Closure of the Strait of Hormuz After the Trump-Xi Summit Ended Without a Concrete Plan to Open the Waterway.
Shares of Oil and Gas-related Companies Are Trading Higher as Middle East Tensions and Low Movement in the Strait of Hormuz Continue to Keep Energy Prices Elevated.
JPMorgan warned: If the Strait of Hormuz does not fully resume operations until July, oil prices could soar to $120.
①JPMorgan recently stated that if shipping through the Strait of Hormuz does not fully resume until July, international oil prices may retest the peak level of nearly $120 per barrel seen during this round of U.S.-Iran tensions. ②The bank noted that current market pricing reflects expectations for a swift recovery in shipping through the Strait of Hormuz: traffic is expected to return to half of normal levels by May and fully recover by June.
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Shares of Oil and Gas Companies Are Trading Higher Amid the Ongoing Conflict in the Middle East After Multiple Tankers Were Hit by Explosions. Iran's New Supreme Leader Said the Strait of Hormuz Should Remain Closed to "Pressure the Enemy."
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