At a Glance • President Trump stated the U.S. has total control of the Strait of Hormuz via its naval blockade, while Iran said it still controls the waterway and plans a toll system, with no resolution framework in place. • Kharg Island’s western terminal reactivated...

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Brent crude oil fell below $87 a barrel on Thursday, after five consecutive sessions of gains, as investors shifted attention toward weakening demand prospects and continued disruption around the Strait of Hormuz. Traders are closely monitoring how much oil is moving...

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India’s long-standing iron ore advantage is entering a new phase, according to a new briefing note from the Institute for Energy Economics and Financial Analysis (IEEFA). As the country pursues one of the world’s most ambitious steel expansion plans, the central...

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The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, retreated for a fourth session on Thursday, dropping about 3.2% to its lowest since August 3 at 2,844 points. The capesize index, which typically transports...

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