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US Energy Secretary Wright says there are no plans for Uranium enrichment in Saudi Arabia; trend in 7-day rolling average of oil shipments through Hormuz is rising and will continue to increase

StockNow breaking-news AI analysis

US Energy Secretary Wright confirmed no plans for Saudi uranium enrichment, rising Hormuz oil shipping averages, and notably tight refining capacity.

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Oil refining capacity is too tight right now.

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Geopolitics

[MARKET UPDATE] Brent Nov'26 regains the USD 108/bbl mark following comments by the Iranian FM Spokesman, which is weighing slightly in fixed income and equities

Geopolitics

Iran's Foreign Ministry Spokesperson says that Saudi Arabia insisted that the meeting between Iran and Gulf nations in Oman not to take place; postponed to another date due to the Yemen situation

Geopolitics

Oman's Energy Minister says that the Strait of Hormuz is to reopen soon; adds that the the current situation is short-term and that oil prices are not sustainable