Oil Falls Below $100 Despite Massive Supply Risk
Oil fell back below $100 even as Gulf crude exports reportedly plunged and shipping risks intensified. The question now is whether potential Russian fuel flows can keep outweighing supply concerns—and whether WTI can stay below the $100 threshold.
Trump Reportedly Rejects Iran Hormuz Plan: Oil Next?
Brent crude fell more than 2% Friday as traders bet diplomacy could help reopen the Strait of Hormuz. Then a reported rejection of Iran’s proposal changed the weekend setup, putting the first crude trade back in focus.