Oil Prices Slide Under Trade and Inventory Pressures
Friday, 18 July 2025 () WTI crude oil traded between a high of $68.34 and low of $64.11 before reaching $66.28 as of Thursday's close, down $0.86 or -1.28%. The price action reflected competing fundamental forces: escalating geopolitical tensions that initially supported prices, followed by trade policy uncertainties and mixed inventory data that pressured the market lower. Geopolitical Tensions Drive Early Week Strength The period began with significant geopolitical risk as President Trump prepared statements on Russia with direct oil supply implications. Trump confirmed…
Oil prices surged as the U.S. joined Israel in striking Iran's nuclear sites, sending shockwaves across global markets. Tehran warned that U.S. aggression has widened its range of legitimate targets,..
U.S. President Donald Trump broke his silence on the Strait of Hormuz crisis with an explosive post on Truth Social, urging oil producers to "KEEP OIL PRICES DOWN" and warning that they’re “playing..
Iran’s parliament has voted to close the Strait of Hormuz, a vital oil route carrying 20% of global crude. Though the final decision awaits the Supreme National Security Council, the move is seen as..
Friday, 18 July 2025 ()
![World In PANIC As Oil Surges After U.S Strikes On Iran | Tehran Threatens To Close Hormuz Chokehold [Video]](https://video.newsserve.net/300/v/20250623/1414596322-World-In-PANIC-As-Oil-Surges-After.jpg)
![‘KEEP OIL PRICES DOWN’ Trump EXPLODES On Truth Social | Issues Big WARNING To Iran | Iran Conflict [Video]](https://video.newsserve.net/300/v/20250623/1414592828-KEEP-OIL-PRICES-DOWN-Trump-EXPLODES-On-Truth.jpg)
![Iran CLOSES Global Oil Chokehold? Hormuz Closure Approved After Us-Israel Strikes | What Next? [Video]](https://video.newsserve.net/300/v/20250623/1414528592-Iran-CLOSES-Global-Oil-Chokehold-Hormuz-Closure-Approved.jpg)
