Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › World News › Oil Industry Makes Tentative Moves Ahead of Deal to Open Hormuz
World News

Oil Industry Makes Tentative Moves Ahead of Deal to Open Hormuz

Oil Industry Makes Tentative Moves Ahead of Deal to Open Hormuz
Bloomberg Markets Wednesday 17 June 2026, 16:00 UTC By Alaric Nightingale, Grant Smith, Weilun Soon, Khalid Al Ansary 1 min read
Key Points

Oil Industry Makes Tentative Moves Ahead of Deal to Open Hormuz The oil and shipping industry remains largely in wait-and-see mode ahead of Friday’s deadline to reopen the Strait of Hormuz, although there are some tentative signs of preparations as a handful of ships begin rerouting toward the Middle East while Iranian tankers laden with oil move out. Shipbrokers and owners reported very tentative inquiries about hiring vessels to collect oil from ports across the region, although it’s not...

Oil Industry Makes Tentative Moves Ahead of Deal to Open Hormuz The oil and shipping industry remains largely in wait-and-see mode ahead of Friday’s deadline to reopen the Strait of Hormuz, although there are some tentative signs of preparations as a handful of ships begin rerouting toward the Middle East while Iranian tankers laden with oil move out. Shipbrokers and owners reported very tentative inquiries about hiring vessels to collect oil from ports across the region, although it’s not clear whether any new deals have been struck in anticipation of the deal. Iraq, the region’s second-largest producer, says it’s taking steps to boost exports.
Open Hormuz Oil Industry Makes Tentative Moves Ahead of Deal to Open (ORG) the Strait of Hormuz (LOCATION) the Middle East (LOCATION) Iranian (ORG) Iraq (LOCATION)
Originally published by Bloomberg Markets Read original →

Related Stories

WNBA expands regular season to 50 games starting in 2027, the longest schedule in league history

If you've ever thought to yourself, "I simply cannot get enough WNBA," it's your lucky day. The WNBA announced Wednesday it will expand its regular-season schedule from 44 games to 50 beginning in 2027, marking the longest season in league history. CLICK HERE FOR MORE OUTKICK SPORTS COVERAGE"Demand for the WNBA has never been greater, and expanding to a 50-game regular season reflects the extraordinary momentum we are seeing across the league," WNBA Commissioner Cathy Engelbert said in a...

Fox News 8m ago

Trump admin approves $351 million for White House security measures amid questions over ballroom funding

The Office of Management and Budget (OMB) has released $351.6 million to the Secret Service for "White House Security Measures," all while President Donald Trump continues to advocate for a ballroom to be built where the East Wing used to be. The funds were approved on Friday, with $340.8 million being put into an account called "Procurement, Construction, and Improvements." The other $10.75 million will go toward an "Operations and Support" account, according to a database maintained by the...

Fox News 9m ago

India claim convincing win over Netherlands

Watch highlights as India continue their dominance at the Women's T20 World Cup after they crush Netherlands by 95 runs in Headingley.

BBC Sport 18m ago

US Federal Reserve policy meet: Kevin Warsh-led FOMC keeps interest rates unchanged

US Federal Reserve chairman Kevin Warsh-led FOMC on Wednesday kept the key interest rate unchanged in the 3.5% to 3.75% range. This is Kevin Warsh’s first policy review after taking over from Jerome Powell as US Federal Reserve chair. "The Committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent, in support of the Federal Reserve’s dual mandate.

Times of India 21m ago