Oil extended rally past $100 as mined Hormuz chokepoint eclipses US sanction waivers

16 Mar 2026 International Energy Agency’s record 400-million-barrel strategic release offered only brief relief, undone after Iran vowed to maintain the blockade as leverage.

16 Mar 2026

Commodity Exchange: 16 March 2026

Most actively traded petrochemical futures on the Dalian and Zhengzhou Commodity Exchanges wrapped up the 16 March 2026 session with the following settlements.

13 Mar 2026

Oil breached $100 in historic 9% surge as Iran hardens Hormuz blockade

Oil prices erupted on Thursday, definitively breaching the $100 threshold as Iranian leadership explicitly vowed to maintain its blockade of the Strait of Hormuz amid escalating maritime strikes.

13 Mar 2026

Commodity Exchange: 13 March 2026

Most actively traded petrochemical futures on the Dalian and Zhengzhou Commodity Exchanges wrapped up the 13 March 2026 session with the following settlements.

12 Mar 2026 Brent NYMEX

Oil rebounded 5% as escalating maritime attacks eclipse historic IEA reserve release

The IEA's coordinated proposal to release 400 million barrels of strategic reserves was widely dismissed by analysts as fundamentally inadequate.

12 Mar 2026

EIA: Crude stocks rise as fuel demand surges and gasoline prices spike amid Middle East tensions

US crude inventories climbed last week even as gasoline and diesel supplies tightened, reflecting strong fuel demand amid concerns over rising pump prices as the conflict in the Middle East disrupts global trade.

11 Mar 2026 Brent NYMEX

Oil plummeted over 11% in historic selloff as US de-escalation signals clash with ongoing physical disruptions

Crude suffered its steepest single-session collapse since 2022, as geopolitical risk premium unwound.

11 Mar 2026

Freightos Baltic: Fuel costs emerge as biggest shipping risk as Hormuz remains closed

Backlogs are forming at Gulf ports and at origin ports in India and Bangladesh, while transhipment hubs in the Far East are seeing rising yard utilisation as Gulf-bound cargo is diverted.

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