Posts Tagged ‘Iran’
Gold and Oil News - March 8, 2026 14:24
Iran Didnt Need A Navy To Close Hormuz And Block Oil Exports
Iran’s been threatening to close the Strait of Hormuz for decades and everyone always said yeah but they never actually will, because their own exports go through it.. well turns out they didnt need to formally close it at all. A few drone strikes on tankers near the strait, a radio broadcast from the IRGC […]
Is Crude Oil Set to Bounce After a Month of Falls?
It’s fair to say that Crude oil and Brent oil prices were under serious pressure for the whole of October. Brent oil retraced around 18% from the high of the 4th October, which helped fuel a wider market sell off. Brent is now trading around the levels of July and August 2018, which held firm […]
Gold Gyrates Below $1400 Still
Today was a special day in that we saw nearly two full cycles of gold attempting to break through $1400. The first happened in Asia last night. The second happened during the COMEX hours in New York this morning. Both times the selling came in strong to push gold back down, first to $1375 and […]
Oil, Iran and the West
Oil prices ended down Tuesday after opening sharply higher in a market weighed down from the speech by an officer of the Federal Reserve of the United States (Fed) questioning the effectiveness of the latest stimulus from the institution. Crude oil futures in New York did not go positive into the green all morning, supported […]
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