Oil prices edge lower after US, Iran extend talks | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]A view shows oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. REUTERS/Alexander Manzyuk [Purchase Licensing Rights, opens new tab]Feb 27 (Reuters) - Oil prices fell on Friday and were on track for a weekly decline after the United States and Iran extended talks over the OPEC member's nuclear programm ...

Global very large crude carrier (VLCC) rates have jumped to six-year highs due to two recent catalysts: first, a growing war-risk premium tied to the possibility of a US-Iran conflict, and second, ongoing consolidation in fleet ownership that is tightening vessel availability.Let's begin by noting that war-risk insurance premiums are rapidly being priced into VLCC tanker rates. The Strait of Hormuz has once again come into focus as the world's most important energy chokepoint, where any flare-up in a US-Ira ...

Oil hovers below seven-month high as traders eye U.S.–Iran talks, trade policy | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]A view shows oil pump jacks outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. REUTERS/Stringer/File Photo [Purchase Licensing Rights, opens new tab]Feb 24 (Reuters) - Oil prices hovered below an almost seven-month high on Tuesday as traders gauged the outlook for U.S.-Iran nuclear talk ...

Sign up here. Trump said on Saturday he would raise a temporary tariff from 10% to 15% on U.S. imports from all countries, the maximum level allowed under the law, after the U.S. Supreme Court struck down his previous tariff programme. Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv Oil slides on Iran nuclear talks, fresh US tariff uncertainty February 22, 202611:23 PM UTCUpdated ago By Florence Tan Oil platforms and pumpjacks at Lake Marac ...

Group 1 - Oil prices have risen for three consecutive sessions, driven by concerns over potential conflict with Iran and disruptions to crude supplies following President Trump's remarks about a 15-day deadline for Iran to reach a nuclear agreement [2][3] - Brent crude futures for April delivery increased by 0.61% to $72.09 per barrel, marking a weekly gain of over 6% [5] - US WTI crude futures for March delivery rose approximately 0.6% to $66.83 per barrel, nearing the $67 level [6] Group 2 - Trump is considering a limited military strike on Iran as a means to pressure Tehran into a nuclear deal, which is seen as an escalation of pressure rather than an immediate intention to launch a full-scale attack [3][4]

Oil Market Overview - Oil prices are near six-month highs, with Brent crude futures trading at $71.53 per barrel and U.S. West Texas Intermediate futures at $66.30, both down 0.2% [2] - The energy market is closely monitoring supply risks in the Middle East, particularly due to geopolitical tensions involving Iran [2][10] Geopolitical Tensions - U.S. President Donald Trump has warned Iran of "really bad things" if a deal over its nuclear program is not reached, indicating potential military action within 10 to 15 days [3][4] - The U.S. has increased military presence in the Middle East, with reports suggesting possible military action against Iran as early as this weekend [5][10] Iran's Response - Iran has stated it will respond "decisively" to any military aggression and has conducted military drills in the Strait of Hormuz [6] - Joint naval drills with Russia have also been reported, indicating Iran's readiness for potential conflict [6][7] Market Dynamics - Despite a well-supplied global oil market, concerns about Iran, increased buying by China for stockpiling, and high freight rates are supporting oil prices [10][11] - Analysts suggest that geopolitical tensions, particularly regarding Iran, are the most significant factor influencing current oil prices [11] Strategic Insights - Barclays strategists note that while equity markets have largely ignored geopolitical tensions, rising tensions could lead to limited military strikes targeting Iran's nuclear and ballistic missile capabilities [13] - The administration's focus on affordability for U.S. consumers may limit its tolerance for prolonged high oil prices and casualties, suggesting that any imminent conflict may be short-lived [14]

Group 1: Nvidia and OpenAI Investment - Nvidia is finalizing a $30 billion investment in OpenAI, down from a previously discussed $100 billion commitment that was never executed, indicating a more cautious approach to equity financing [2][3] - The reduction in investment reflects a strategic pivot towards diversified AI infrastructure partnerships amid a crowded funding environment with other tech giants also seeking stakes in OpenAI [3] Group 2: Oil Market Dynamics - Oil prices have surged to multi-month highs, with Brent crude nearing $72 per barrel and U.S. WTI reaching $66.56, driven by escalating U.S.-Iran military tensions near the Strait of Hormuz [4][5] - The return of the "oil risk premium" has raised concerns among investors about potential disruptions in oil supply, which could lead to significant price increases and complicate the global inflation outlook [5] Group 3: HSBC Restructuring - HSBC has cut approximately 10% of its U.S. debt capital markets team as part of a broader initiative to achieve $1.8 billion in annual savings, indicating a strategic shift towards focusing on high-growth opportunities in Asia and the Middle East [6][7] - Despite the cuts in the U.S., HSBC remains a top-10 underwriter for U.S. corporate debt, prioritizing capital efficiency over global expansion [7] Group 4: Market Sentiment and Economic Data - Asian equity markets have traded lower due to rising geopolitical risks and concerns over private credit fund stability, leading to a retreat from riskier assets [10] - Investors are cautious ahead of critical U.S. economic data that could influence the Federal Reserve's decisions, with the intersection of rising energy costs and potential private credit contagion creating a complex trading environment [11]

Core Viewpoint - The global oil benchmark, Brent crude, has reached a six-month high due to concerns over potential supply disruptions from a possible U.S. attack on Iran [1] Group 1: Oil Prices - Brent crude futures rose above $71 a barrel for the first time since late July [1] - U.S.-traded light sweet crude futures increased by 1.4% to $66 a barrel as Brent contracts gained [1]

Core Viewpoint - Oil prices remain steady as traders evaluate supply risks amid U.S.-Iran nuclear talks and Iranian military drills in the Strait of Hormuz [1] Oil Market Overview - Brent crude futures decreased by 0.2% to $68.59 per barrel, following a 1.3% increase on the previous day [1] - U.S. West Texas Intermediate crude rose by 1.34% to $63.73 per barrel, reflecting price movements from the previous day due to the U.S. Presidents Day holiday [1] - The market is unsettled due to ongoing geopolitical uncertainties, particularly in the Middle East and the Ukraine situation [1] Geopolitical Factors - Iran's military drills in the Strait of Hormuz, a crucial oil export route, have raised concerns about potential supply disruptions [1] - OPEC+ is considering increasing oil output from spare capacity in response to potential disruptions, aiming to prepare for peak summer demand [1] Future Price Projections - Citi forecasts that if Brent crude remains in the $65 to $70 per barrel range due to Russian supply disruptions, OPEC+ may respond by increasing output [1] - The expectation is that both Iran and Russia-Ukraine deals could occur by summer, potentially leading to a decline in Brent prices to $60-62 per barrel [1]

Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv Oil drifts ahead of US-Iran nuclear talks SINGAPORE, Feb 16 (Reuters) - Oil prices traded sideways on Monday ahead of talks between Washington and Tehran, with concerns about Iran-U.S. tensions disrupting oil flows keeping a floor under prices, while OPEC+ leans in favour of resuming output hikes from April. Brent crude futures edged down 3 cents to $67.72 a barrel by 0156 GMT after closing 23 ...