Crude prices are plunging this morning on the US Iran ceasefire, but the ability of ships to transit the straight of Hormuz still a major question. Our Pipa Stevens is looking into that this morning. Hey Pipa. >> Hey Carl.Well, Iranian state media saying in the last half hour that passage through Hormuz has been halted after Lebanon strikes. That comes after two ships did transit this morning according to Marine Traffic. And we had seen activity pick up prior to the ceasefire.Lloyds puts total transits last ...

Kevin Book, Managing Director at ClearView Energy Partners, discusses the global oil market impact of disruptions in the Strait of Hormuz, the potential for prolonged supply outages and the risk of sharply higher crude and gasoline prices. He also addresses policy options under consideration and implications for US energy strategy. He speaks with Joe Mathieu on the late edition of Bloomberg's "Balance of Power." -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notific ...

The potential removal of US sanctions on Iranian oil at sea isn’t a quick fix to bring down global crude prices, says @rongweican https://t.co/9ZYidmtOnk ...

Germany’s Finance Ministry is considering options for a windfall tax on oil companies that would capture a share of profits driven by surging crude prices as the US-led war on Iran roils markets https://t.co/Uy1gk64cIH ...

The Trump administration has discussed trading in the oil futures market as a strategy to help curb surging crude prices amid the war in Iran, Interior Secretary Doug Burgum said https://t.co/LTYwrtLjro ...

The worst supply disruption in the history of the oil market is showing no signs of abating anytime soon, offering the global economy little respite from crude prices that have surged 40% since the Iran war began. https://t.co/QamABfsm2n ...

The Indian rupee’s slide to record lows on the back of soaring crude prices has sent local importers rushing for cover https://t.co/wTDeWAmuFw ...

RT plur daddy (@plur_daddy)At a high level, everything is keying off crude prices, which are being manipulated lower as prices do not reflect the risk that still remains. Have to acknowledge the admin's proficiency in bending markets towards their will.This is reflective of the paradigm we are in: one where markets are less free. It's a difficult setup to trade, when the desired government result and fundamentals are opposed, especially knowing the government could decisively end the whole situation on a wh ...

Saudi Aramco CEO Warns Of ‘Catastrophic Consequences’ From Iran War—Crude Prices Remain Volatilehttps://t.co/qlmLK4Roa6 https://t.co/I40G2lLVM8 ...

India’s rupee weakened to a record low and bonds fell on concern that rising crude prices, amid the escalating conflict in the Middle East, could stoke inflation and widen the nation’s trade deficit https://t.co/91otzpv34v ...