Rising Global Supply Outweigh U.S. Demand Strength
Friday, 27 June 2025 () Crude oil markets endured a sharp four-day selloff from June 22-26, driven by collapsing geopolitical risk premiums and mounting global supply. The steep decline wiped out nearly all the gains from mid-June’s heightened Middle East tensions, as traders recalibrated around fresh supply-side realities and emerging demand concerns. Iran-Israel Ceasefire Removes Key Supply Risk Oil’s abrupt decline was catalyzed by a ceasefire agreement between Israel and Iran, announced late Monday by U.S. President Donald Trump. Though Israel accused…
In a bold and unanimous move, Iran’s Parliament has approved the decision to close the strategic Strait of Hormuz — a key chokepoint for global oil shipments — in response to escalating U.S...
Friday, 27 June 2025 ()
![BREAKING: Iran Votes To Close Strait Of Hormuz In Retaliation To U.S Strikes on Nuclear Facilities [Video]](https://video.newsserve.net/300/v/20250622/1414500080-BREAKING-Iran-Votes-To-Close-Strait-Of-Hormuz.jpg)
