Houthi attack forces shutdown of critical Saudi pipeline
Houthi strikes on multiple pumping stations have shut down Saudi Arabia's critical east-west pipeline, cutting off up to 7 million barrels per day.
Gold, crude oil, industrial metals and agricultural products: supply and demand, inventories and geopolitical risk.
Houthi strikes on multiple pumping stations have shut down Saudi Arabia's critical east-west pipeline, cutting off up to 7 million barrels per day.
The Breakwave Tanker Shipping ETF (BWET) has gained 5,100% over the past year, driven by Iran war and shipping disruptions.
Oil prices dropped as WTI crude fell from a high of $104.46 to trade around $100, despite fresh attacks on Saudi energy infrastructure.
Gold trades near $4,300 support as oil surge fuels rate hike bets ahead of US CPI data.
Diesel hit $6 per gallon nationally for the first time, with 28 states recording all-time highs as crude oil prices remain elevated.
Houthi forces in Yemen have taken Bab el-Mandeb, pressuring energy routes already hit by Iran's actions at Hormuz.
Oil prices surged above $100 a barrel, boosting Iran's leverage ahead of GCC-Iran talks on Monday.
Oil prices stayed near recent highs as unverified pipeline fire reports emerged, while Asia-Pacific stocks fell on geopolitical and rate worries.
Houthis claim complete control of Bab el-Mandeb Strait, but independent wire services have not verified the takeover.
A confirmed attack on two vessels near the Strait of Hormuz and unverified satellite images suggesting possible damage to Saudi Arabia's East-West pipeline…
Brent oil rises amid reports of Houthi attack on Saudi pipeline and Iranian missile strikes on vessels in Strait of Hormuz.
Unconfirmed satellite data suggests a possible new strike on Saudi Arabia's East-West pipeline, but no official confirmation has been made.
Oil rose 7% past $100 after Trump signalled the Iran war would continue, reinforcing supply fears.
Gold, copper and the AUDUSD fell sharply today, breaking key technical supports, reflecting weaker commodity demand and a stronger US dollar.
Hyperliquid's Brent and WTI oil perpetuals are showing deeply negative funding rates, with shorts paying 500% annualized as oil prices climb.