#Crude climbs above $106 as diplomatic confusion fuels supply fears and inflation risks.

#IranWar #OilPrices #PeaceTalks #MarketInsider

https://marketinsider.net/oil-jumps-3-as-iran-rejects-direct-u-s-talks/

Oil Jumps 3% as Iran Rejects Direct U.S. Talks - Market Insider

Crude climbs above $106 as diplomatic confusion fuels supply fears and inflation risks.

Market Insider

#Ukraine has struck tanker loaded with 140k tons of #crude oil near the coast of #Turkey

Would they have done so without #US #EU #NATO approval? This IS article4 where a non-NATO nation attacks NATO ?

Will NATO counter the attack or is #Turkey leaving NATO to retaliate since the Alliance has totally fallen apart?

https://www.rt.com/news/636246-turkish-tanker-drone-attack/

#Epstein #Gaza #Iran #Venezuela #Cuba

Turkish tanker blacklisted by Ukraine hit in drone attack – media

The Turkish oil tanker Altura has reportedly been hit by drones near the Bosphorus while transporting crude from Russia’s Novorossiysk port to Istanbul

RT

« #Iran has been laying traps and moving additional military personnel and air defenses to #Kharg Island in recent weeks in preparation for a possible US operation to take control of the island, according to multiple people familiar with US intelligence.
The Trump administration has been weighing using US #troops to seize the tiny island in the Persian Gulf — an economic lifeline for Iran that handles roughly 90% of the country’s #crude exports — as leverage over the Iranians to coerce them to reopen the Strait of #Hormuz. »

https://edition.cnn.com/2026/03/25/politics/iran-kharg-island-us-military-ground-troops

Iran building up defenses of Kharg Island to protect against potential US ground attack, sources say

Iran has been laying traps and moving additional military personnel and air defenses to Kharg Island in recent weeks in preparation for a possible US operation to take control of the island, according to multiple people familiar with US intelligence reporting on the issue.

CNN
#contracts representing millions of barrels of #oil changed hands about 15 minutes before a social media post from Trump that sent #crude prices tumbling by as much as 14%, chart @bloomberg.com https://www.bloomberg.com/news/articles/2026-03-24/oil-market-sees-spike-in-trades-ahead-of-trump-s-iran-pivot-post
Fuel, food rebates ‘would not bring down’ prices amid Iran war: economists
The Iran war has raised the price of crude oil beyond US$110 per barrel in international markets, spurring affordability concerns in Canada and around the world.
#Canada #Consumer #Economy #Affordability
https://globalnews.ca/news/11739680/fuel-food-rebates-not-bring-down-prices-iran-war/
Iran hits Gulf energy sites, escalating war, as U.S. mulls sanctions rollback

As attacks rattled markets, Treasury Secretary Scott Bessent said the Trump administration might lift restrictions on Iranian oil already loaded onto vessels.

The Washington Post

All of this is reason to end the #oil #addiction
API gravity tells us how light or heavy the oil is.

• US WTI: ~40° API — light, golden, and easier to refine

• Iran Light: ~34° API

• Russia Urals: ~31° API

• Venezuela: ~8–12° API — extremely heavy, like tar

Oil quality plays a major role in global energy economics and politics — not just the amount of oil a country has.

The lighter the crude, the cheaper and easier to refine into gasoline and diesel. Heavier crude requires more refining.

#energy #crude #pimpsofthepumps #fossilfools

Discrepancy Between Oil Futures and Physical Oil Prices Amid Middle East Tensions

📰 Original title: El petróleo de papel vale 100 y el petróleo real vale 138

🤖 IA: It's clickbait ⚠️
👥 Usuarios: It's clickbait ⚠️

View full AI summary: https://killbait.com/en/discrepancy-between-oil-futures-and-physical-oil-prices-amid-middle-east-tensions/?redirpost=1bd8747a-41ae-4c85-b9ac-753090c1014b

#economy #oil #futures #crude

Discrepancy Between Oil Futures and Physical Oil Prices Amid Middle East Tensions

The article discusses the current divergence between oil futures traded on the market and the prices of actual physical crude oil. While futures, sometimes called ‘paper oil…

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