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Daily Digest
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Everything Pomegra has published on USO: 30 news articles and 1 market briefs, newest first.
Brent crude (BZ=F) hit $98.78 Wednesday on sixth straight loss after Aramco restart and Iran diplomacy.
Sep 23
Iran's Revolutionary Guards declared the Strait of Hormuz closed on October 26 as Saudi, Turkish and Pakistani officials met in Tehran, holding Brent near $115 a barrel.
Brent crude surged past $105 a barrel after a senior Iranian military official threatened to expand the conflict to the Indian Ocean, crushing near-term hopes for a Strait of Hormuz deal and…
Renewed U.S. airstrikes on Iranian Revolutionary Guard targets and Houthi drone hits on a critical Saudi Aramco pipeline sustain Brent crude above $103 a barrel and push U.S. diesel to a historic…
Brent crude surged 3.34% to $89.21 in a single session after Libya's National Oil Corporation threatened force majeure at the Zawiya complex, adding a key OPEC producer to a widening…
Persian Gulf tensions push crude oil price toward $80 a barrel, with a Strait of Hormuz disruption poised to reignite global inflation as the Federal Reserve holds interest rates near two-decade…
OPEC+ finalizes 188,000 bbl/day September hike to close its 3.5M-bbl/day 2023 cut cycle, signals Q4 freeze as Iranian tanker losses sharpen a direct supply-demand standoff.
WTI crude surged to $100 a barrel, up 9% for the week, as U.S. airstrikes near the Strait of Hormuz triggered Iranian retaliation, rattling energy stocks, European equities, and the Fed's rate…
Kuwait's armed forces confirmed active Iranian missile and drone engagement Thursday, widening Tehran's retaliatory campaign to U.S. Gulf allies and driving Brent crude to $106.20 - a near-7%…
Tehran's sweeping demands for U.S. political concessions before reopening the Strait of Hormuz cement a geopolitical risk premium in crude oil heading into September, with Brent rising 2.93% on…
Iran's crude shipments plunged from 1.7 million to 260,000 barrels per day as Operation Economic Fury chokes Tehran's revenue; Khamenei orders a dollar exit while Treasury targets Banque Misr's…
Iran's $1-million-per-ship levy has collapsed Strait of Hormuz transits from 130 to fewer than 15 daily crossings, pushing WTI crude near $130 a barrel as Iran-Oman revenue-sharing talks offer the…
OPEC+ finalizes its 188,000-bpd September hike as full output rollback completion and fading geopolitical risk converge to pressure crude oil prices.
Iran adopted an offensive military posture after the 60-day Hormuz ceasefire lapsed August 17, pushing Brent crude above $90 as Strait of Hormuz supply risk resurfaced.
Brent crude climbed toward $94 a barrel and WTI touched $86 after President Trump vowed "economic warfare" against Iran, rattling energy markets bracing for tighter global supply.
Brent crude neared $93 a barrel Thursday as the US-Iran MoU expired with no deal and Gulf tanker strikes kept the oil risk premium embedded in prices for a fourth straight session.
Brent crude settled near $91 and WTI topped $85 per barrel as Iran's conditions for reopening the Strait of Hormuz kept global oil supply in deficit and negotiations at an impasse.
Brent crude and WTI extended weekly gains Friday after the Treasury Department signaled sweeping new economic measures against Iran ahead of an Aug. 17 deadline, tightening a naval blockade that…
Iran's Supreme National Security Council insists the Strait of Hormuz will not reopen for commercial shipping until Washington lifts its naval blockade, withdraws military forces, and pays war…
OPEC's latest monthly report slashes its 2026 global demand growth outlook to 580,000 bpd — the fourth consecutive downgrade — as the IEA warns that high prices and Middle East conflict are…
Crude oil fell sharply on Wednesday, August 13, with West Texas Intermediate losing $1.30 to settle near $81.97 per barrel and Brent crude declining $1.29 to $87.69, as a combination of swelling U.S.
Brent crude rose about 1.2% Tuesday after a deadly Houthi double-tap strike on an oil tanker in the Bab al-Mandab Strait compounded investor anxiety over stalled U.S.-Iran Strait of Hormuz…
The July consumer price index lands Wednesday at 8:30 a.m. ET — economists forecast a slight easing to 3.4% annually — while markets price a 44% probability of a September rate hike against a…
Brent crude tracks toward $100 as the U.S.-Iran Strait of Hormuz deal collapses, leaving crude tanker flows near zero and 11 mb/d of Gulf output offline.
The 10-year yield climbed to a monthly high near 4.70% and the 2-year hit 4.24% Monday as rising crude oil prices reignited inflation concerns days before Wednesday's pivotal CPI report.
Iran's Revolutionary Guards have declared they will keep the Strait of Hormuz sealed until Washington meets Tehran's full terms, sending LNG prices 51% higher and stranding roughly 20 million…
Houthi drones struck Saudi Aramco's 400,000 bpd Jizan refinery Sunday, driving crude up roughly 3% as a geopolitical supply premium returned to global energy markets.
Tehran says a Hormuz transit framework with Muscat is nearly complete but flatly contradicts Washington's assertion that Iran is engaged in any direct US-mediated negotiations.
Iran's conditions for Hormuz reopening push a deal further away, leaving the S&P's record close and Brent's 7% weekly drop exposed to unpriced escalation risk.
With Iran's 60-day fee-free transit period ending August 16, Oman-mediated talks remain deadlocked over a 5–7% cargo levy versus a 3% counterproposal, leaving global energy markets on edge.
Vance discloses Iran privately denied plans to toll the Strait of Hormuz, even as Tehran's security chief issued sweeping conditions for reopening the waterway.
Pomegra