One stage of the Iran war has ended, but the world may be mistaking a pre-election pause for lasting peace. Tehran’s economic leverage will likely remain strong through the U.S. midterm elections in November, but could weaken once the votes are counted, raising the risk of renewed confrontation afterward.
Tag: ROI: Reuters Open Interest
Crude prices may be back near levels seen before the Iran war, but the surge in oil exports from the Middle East following the reopening of the Strait of Hormuz is creating a chaotic market that could take months to settle.
Every Friday, Reuters Open Interest (ROI) distills the financial week into five key charts, spotlighting the major trends, surprises and overlooked moves that defined the past five days.
Scores of cities across Europe are sweltering under record temperatures that are boosting demand for cooling systems while forcing utilities to scale back power production to avert outages.
While oil and gas are once again flowing through the Strait of Hormuz, the closure of the vital waterway for over 100 days could prove to be a turning point in global energy markets. The Arab oil embargo of 1973, a similarly disruptive supply shock, offers clues about where we might be headed.
As the world marks the passing of former Federal Reserve Chair Alan Greenspan, who died on Monday aged 100, it’s almost fitting that the U.S. central bank is entering a period of “less is more” when it comes to communications — something the “maestro” himself would have approved of.
The most persistently bullish part of the commodities sector in recent years has been metals associated with the energy transition, such as copper, lithium and rare earth elements.
The West African country of Guinea has grown to be the world’s largest supplier of bauxite, the raw material ultimately transformed into aluminium.
Middle East oil producers face a reckoning. The Iran war exposed the dangers of relying on a single chokepoint for vital oil and gas exports, leaving Gulf governments with a clear strategic imperative: diversify – at all costs.
Europe’s natural gas market has passed the Hormuz stress test — at least so far. A U.S.-Iran peace deal suggests the worst of the shock may be over, even if flows recover only gradually. That should temper supply fears and shift attention to the demand pressures likely to shape the market in coming decades.