Market speculation suggests that the U.S. Treasury has intervened! CME Group President: If the U.S. interferes in crude oil futures, it would lead to 'catastrophic consequences.'

The recent sharp fluctuations in oil prices have sparked speculation among energy traders that the Treasury Department may have intervened in the futures market. Tim Skirrow, head of derivatives at Energy Aspects, stated that the firm has been receiving client inquiries this week asking whether the U.S. government was behind a series of unusually large orders. "Market speculation suggests that the seller might be from the U.S. Treasury," he added.

wallstreetcn09:02

U.S. Treasury Secretary: The U.S. military will escort oil tankers through the Strait of Hormuz as long as military conditions permit.

Bessent told Sky News that the U.S. Navy might immediately begin escorting vessels alongside an international coalition as soon as military conditions permit. He noted that Iran has not blocked the strait and mentioned that the war has so far cost the United States approximately $11 billion.

Golden10 Data07:49

The oil kingdom is pulling out all the stops! Reports claim that Saudi Arabia is 'securing available oil tankers at sky-high prices.'

①The latest information shows that, to circumvent the risk of suspension at the Strait of Hormuz, Saudi Arabia’s national shipping company Bahri is urgently chartering VLCC tankers at a daily rate exceeding $450,000; ②Shipping data also indicates that a large number of vessels are heading to the Red Sea port to load crude oil, and the port's carrying capacity will face a historic test.

cls.cnMar 12 22:46

Goldman Sachs raises oil price forecast: If the Strait of Hormuz is blocked until the end of March, oil prices may exceed the 2008 peak.

①Goldman Sachs has raised its forecasts for Brent crude oil and WTI crude oil prices in Q4 2026, citing the potential for a longer disruption to oil shipments through the Strait of Hormuz; ③Goldman Sachs warned that if the Strait of Hormuz remains blocked until the end of March, international oil prices could surpass the 2008 peak.

cls.cnMar 12 15:30

Two oil tankers were attacked in Iraqi waters, with both the U.S. and Iran signaling that 'the war will not end soon.'

Two oil tankers were attacked and caught fire in Iraqi territorial waters, causing oil prices to surge nearly 9% in a single day, with Brent crude approaching $100 per barrel. Iran stated that the Strait of Hormuz is "without a doubt" under control, while Trump claimed to have "won the war" but still emphasized the need to "complete the mission." The statements from both sides seem to suggest that an end to the conflict remains far from reach.

wallstreetcnMar 12 11:29

The United States Takes the Lead in Stabilizing Soaring Oil Prices: Announces Release of 172 Million Barrels of Petroleum in Response to IEA Stock Release Plan

Less than two weeks before the outbreak of the Iran war, the Trump administration planned to release 172 million barrels of oil from the U.S. emergency petroleum reserve.

Zhitong FinanceMar 12 11:16