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(Bloomberg) — Delays to crude loading at a vital Omani terminal outside of the Strait of Hormuz last month has upended collection schedules and may lead to late deliveries to buyers already starved of Middle Eastern supply. Read More
(Bloomberg) — A strong earnings season is hiding tougher times ahead for European stocks as the effects of the Iran war make it harder for companies to meet lofty profit expectations in the quarters to come. Read More
(Bloomberg) — The chief executive officer of A.P. Moller-Maersk A/S said the oil shock caused by the Iran war will significantly raise costs this quarter and next, which the world’s No. 2 container carrier will seek to fully pass on to customers. Read More
(Bloomberg) — Shell Plc said its profit surged in the first quarter as the Iran war drove oil and gas prices higher and the conflict caused a increase in volatility that boosted its big trading business. Read More
(Bloomberg) — JPMorgan Chase & Co. and Citigroup Inc. were sued by a Chinese energy company for freezing payments meant for a firm that later came under US sanctions, a rare legal dispute that underscores the intensifying regulatory crossfire between Washington and Beijing. Read More
(Bloomberg) — Angola’s Cabinda oil refinery, among the first to be built in Africa in decades, has started shipping fuel, helping the crude producer bolster domestic supply and reduce reliance on imports. Read More
(Bloomberg) — Oil steadied after losing nearly 8% in the previous session, as the US and Iran weighed a fresh push to end the war in the Middle East. Read More
