Friday, April 10, 2026

Oil prices continue to climb as Strait of Hormuz shipping remains restricted

Oil prices continued to rise in early Asian trading as investors remain concerned over restricted shipping flows through the Strait of Hormuz, as a shaky ceasefire between Iran and the US is tested by Israel’s continued attacks on Lebanon.

As of 01:00 GMT on Friday, Brent crude oil futures had edged 0.87 percent higher to $96.75 per barrel. US oil futures were also up more than 1 percent.

US President Donald Trump accused Iran earlier of “doing a very poor job” of allowing ships through the Strait of Hormuz and warned Tehran against charging vessels to pass through the vital shipping waterway.

5 comments:

  1. The opening of the Strait of Hormuz may not happen soon, this is why Japan, which is heavily dependent on oil from the Middle East, needs to be prepared for disruptions in energy supplies from the Persian Gulf for a long period

    ReplyDelete
  2. A fragile two-week ceasefire between the US and Iran showed further strain, as Washington accused Tehran of breaching promises ⁠on the Strait of Hormuz and Israel struck Lebanon with attacks that Iran has claimed violate the truce.

    There was no sign Iran was lifting its near-total blockade of the strait, which has caused the worst-ever disruption to global-energy supplies.

    ReplyDelete
  3. In the first 24 hours of the ceasefire, which Mr Trump announced on Tuesday, just a single oil products tanker and five dry bulk carriers sailed through the Strait, which typically carries a fifth of the world's oil and liquefied natural gas flows and 140 ships a day before the war.

    ReplyDelete
  4. Le président américain Donald Trump dit que l'Iran ne remplit "pas du tout son rôle" en ce qui concerne la circulation du pétrole dans le détroit d'Ormuz. "Ce n'est pas l'accord que nous avons !", écrit-il sur son réseau Truth Social.

    Le président américain a fait état dans un message "d'informations selon lesquelles l'Iran fait payer des frais aux pétroliers traversant le détroit d'Ormuz".

    "Ils ont intérêt à ne pas le faire, et si c'est le cas, ils feraient mieux d'arrêter maintenant!", a-t-il ajouté, accusant l'Iran de faire "vraiment du mauvais boulot, indigne certains diraient, pour permettre au pétrole de traverser le détroit d'Ormuz".

    ReplyDelete
  5. Iran delegation still to leave for talks in Pakistan as Israel attacks Lebanon

    Iran’s negotiating team has not yet left for scheduled talks with the US this weekend in Pakistan due to Israel’s attacks on Lebanon, says Abas Aslani, a senior research fellow at the Iran-based Center for Middle East Strategic Studies.

    “The Iranian delegation has not departed from Tehran because the Iranian side is saying, that by the time that the Israeli strikes against Lebanon continue, there will be no negotiations in Islamabad,” Aslani said.

    “This indicates that the continuation of the attacks in Lebanon has created uncertainty about the talks,” he told Al Jazeera.

    ReplyDelete

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