Energy

Three Tankers Struck by Unknown Projectiles in Strait of Hormuz

Three oil tankers have been hit by unknown projectiles while transiting the Strait of Hormuz this week, shipping intelligence and security companies say. Three Liberia-flagged tankers with their transponders switched off were transiting the Strait on Tuesday and Wednesday when they were hit by pro

Source: OilPrice.com

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DW NOTE

WTI jumped 1.94% and Brent 2.52% on projectile strikes in a strait that has been effectively closed for three days. The market is pricing theatre, not supply — one tanker transited on September 27 versus the normal 85. The oil isn't flowing whether the headlines are dramatic or not.

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Bitcoin drops below $80,000 as crypto ignores Asian tech rally, Fed meeting begins

Bitcoin fell 0.4% to around $79,700 since midnight UTC while Asian tech stocks rallied. The DeFi index dropped 1.8%, and the Fed is set to begin a two-day meeting.

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India Rejects Claims of U.S. Pressure Over Russian Oil Purchases

The United States has not pressured India to cut crude oil imports from Russia, Indian Oil Minister Hardeep Singh Puri said on Tuesday, as Russian cargo arrivals to the world’s third-largest crude oil importer have declined in recent weeks amid an increase in imports from the Middle East. India’s pu

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Bitcoin drops below $80,000 as crypto ignores Asian tech rally, Fed meeting begins

Amundi Says ‘Worst Is Behind Us’ as Gold Flirts With $4,000 - Bloomberg.com

Gold retreats on stronger dollar; traders brace for Fed - Kitco

India Rejects Claims of U.S. Pressure Over Russian Oil Purchases