Energy – Oil under pressure NYMEX WTI declined for a second straight session, with frontmonth futures down more than 2% in early trading. Prices are under pressure from improved sentiment around a potential USIran deal, even as hostilities continue and the Strait of Hormuz remains effectively close»»»

LONDON, Apr 19: The United Kingdom Maritime Trade Operations (UKMTO) has raised the threat level in the Strait of Hormuz and the wider Persian Gulf to “critical,” citing escalating tensions and intensified naval movements. In a statement, the British military said there is a “high level of activity»»»

Targeting of commercial shipping, endangering crew members, impeding free navigation and attacking civilian maritime infrastructure is unacceptable, said the Indian govt, stressing amid the escalating W Asia conflict, India's energy security and trade are critically dependent on the safe and unimpe»»»

Oil transportation costs have dropped sharply, and shipping traffic has increased through the Strait of Hormuz following last week’s ceasefire between Iran and Israel, easing concerns over disruptions in the key waterway. The 12-day conflict between the two countries had raised fears that Iran coul»»»