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Commodities

The Oceania Times > Commodities
  • September 5, 2026
  • Noah
  • Commodities

US Forces Destroy 3 IRGC Oil Tankers After Iran Targets Navy Warships

U.S. forces destroyed M/T Kylo, an unladen crude oil carrier in the Gulf of Oman, on Sept. 5, 2026. U.S. Central Command/X U.S forces struck three Iranian crude oil...
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  • September 5, 2026
  • Noah
  • Commodities

US Central Command strikes three Iranian oil tankers after missile attacks on Navy warships

The US military disabled three crude oil tankers linked to Iran’s Revolutionary Guard Corps on September 5, responding directly to Iranian missile strikes on two US Navy warships. Central...
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  • September 5, 2026
  • Noah
  • Commodities

Trying to steal crude oil, 37 die in Nigeria after inhaling toxic fumes: Environmental group

At least 37 people were reportedly killed after inhaling toxic fumes while allegedly attempting to tap an oil pipeline in Nigeria’s Rivers State, according to an environmental group. At...
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  • September 5, 2026
  • Noah
  • Commodities

Crude Oil Soars to Three-Month Peak Amid Renewed U.S.-Iran Tensions and Record Diesel Costs

Key Highlights Brent crude climbed 8.8% weekly to reach $95.85 per barrel, with WTI advancing 9.4% to $91.22 Military confrontation between the U.S. and Iran resumed for the first...
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  • September 5, 2026
  • Noah
  • Commodities

Bessent Forecasts Crude Oil Could Drop to $40 Post-Iran Conflict Resolution

Key Takeaways Scott Bessent, US Treasury Secretary, forecasts oil prices dropping to $40 per barrel following resolution of Iran tensions Current Brent crude trading exceeds $95 per barrel on...
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  • September 5, 2026
  • Noah
  • Commodities

‘Secretive’ UAE and Swiss-based firms found to be major crude suppliers to Israel, says report

Two little-known oil traders, Vitol and Heritage Petroleum FZCO, have emerged as two of the top suppliers of crude to Israel during its genocide in Gaza, according to a...
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  • September 5, 2026
  • Noah
  • Commodities

Crude oil futures rise as Vance declines to give timeline to end US-Iran conflict

Crude oil futures traded higher on Friday morning after US Vice President JD Vance declined to give a timeline for when the US-Iran conflict would end. At 10.03 am...
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  • September 5, 2026
  • Noah
  • Commodities

Crude Oil Surges Toward Six-Week Peak Amid U.S.-Iran Tensions in Hormuz Strait

Key Takeaways WTI crude poised for 10% weekly surge while Brent approaches 7% gains, reaching six-week peaks Military confrontations between Washington and Tehran intensified this week, affecting Kuwait, Bahrain,...
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  • September 5, 2026
  • Noah
  • Commodities

Billions in gold shifted to London as central bank issues warning | Personal Finance | Finance

The Dutch central bank announced that it has moved billions of pounds worth of its gold reserves out to London in a move it described as “crisis preparedness” in...
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  • September 5, 2026
  • Noah
  • Commodities

Citadel natural gas trader Chris Foster steps down after nearly two decades

Chris Foster, one of Citadel’s leading natural gas traders, is leaving his trading position after almost 20 years at Ken Griffin’s hedge fund, the Financial Times reported. He will...
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