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US Oil Update: Crude Rises as Hormuz Closure, Fragile Ceasefire Stokes Supply Fears

Crude oil futures settled higher in after-hours trading on Thursday in a volatile session as Iranian missile attacks in Kuwait and limited tanker traffic through the Strait of Hormuz failed to allay fears of further supply disruptions amid a fragile US-Iran ceasefire.Front-month West Texas Intermediate crude futures rose 3.78% to $97.98 per barrel, while Brent futures were up 2.30% to $96.70/bbl.Kuwait said Thursday that it intercepted drone attacks and that some vital facilities were targeted.Saudi Arabia's Ministry of Energy, meanwhile, said the nation's oil production capacity has been cut by about 600,000 barrels per day due to Iranian attacks on energy infrastructure following the outbreak of the Middle East conflict.Fueling bullish sentiment, President Trump said on Thursday that Iran should stop charging tolls to vessels transiting the Hormuz, as traffic via the strategic waterway remains largely constrained despite a ceasefire deal that included an agreement to open it."There are reports that Iran is charging fees to tankers going through the Hormuz Strait," Trump said in a Truth Social post. "They better not be and, if they are, they better stop now!"On Thursday, the head of the UAE energy giant Adnoc said Hormuz was still closed and that Iran is restricting passage via the strategic waterway.Sultan Ahmed Al Jaber, Adnoc's managing director and group CEO, said an estimated 230 vessels were currently loaded with oil and ready to sail, but faced uncertainty over transit.The IMO also estimated that about 2,000 vessels, including oil and gas tankers, bulk carriers, and cargo ships, are currently stranded in the Arabian Gulf, along with around 20,000 seafarers.In an earlier post on Thursday, Trump said that US military forces will remain deployed in the Middle East until Iran fully complies with the "real agreement," noting that any breach would trigger a military campaign larger than anything seen before."All US ships, aircraft, and military personnel...will remain in place in, and around, Iran, until the real agreement reached is fully complied with," Trump said in a social media post on Truth Social.However, Iranian Parliament Speaker Mohammad-Bagher Ghalibaf said negotiations to resolve the Middle East conflict make no sense following ceasefire violations of three clauses of the proposed ceasefire.US Vice President JD Vance is expected to lead an American delegation in talks with Iran in Pakistan's capital, Islamabad, on Saturday, while Tehran's delegation is due to arrive on Thursday, Iran's ambassador to Pakistan, Reza Amiri Moghadam, said in a post on X.

Insider Trading69d ago

TD Synnex Insider Sold Shares Worth $605,424, According to a Recent SEC Filing

Miriam Anne Murphy, President, Europe, on April 09, 2026, sold 3,025 shares in TD Synnex (SNX) for $605,424. Following the Form 4 filing with the SEC, Murphy has control over a total of 10,820 common shares of the company, with 10,820 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1177394/000117739426000033/xslF345X05/wk-form4_1775770070.xml

$SNX

Oil & Energy69d ago

Market Chatter: Iran to Allow only 15 Ships Per Day Through Strait of Hormuz

Iran will allow a maximum of 15 ships per day through the Strait of Hormuz, according to the Tass news agency, citing a senior Iranian source.The source reportedly said that under the current ceasefire, "fewer than 15 ships per day" will be permitted to sail via the Strait of Hormuz.Ahead of Friday's talks between the US and Iran mediators, the Iranian source said ship movements will be based solely on Iran's approval and "enforcement of a specific protocol."This new regulatory framework will be operated under the supervision of the Islamic Revolutionary Guards Corps and has been officially conveyed to regional parties."There will be no return to the pre-war status quo," Tass reported, citing the Iranian source.Iran has reportedly insisted that during the two-week ceasefire its blocked assets be unfrozen.Another demand on Iran's 10-point proposal is that the US cannot increase its troop presence in the country.Iran has reportedly stipulated that the end of the conflict must be formalized in a United Nations Security Council resolution.Iran's Ministry of Foreign Affairs did not respond immediately to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Oil & Energy69d ago

Trump Says Iran 'Better Stop' Reported Hormuz Tanker Fees

Insider Trading69d ago

Afya Insider Sold Shares Worth $399,957, According to a Recent SEC Filing

Lelio de Souza Junior, Vice President, on April 07, 2026, sold 26,753 shares in Afya (AFYA) for $399,957. Following the Form 4 filing with the SEC, de Souza has control over a total of 16,279 Class A common shares of the company, with 16,279 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1771007/000095010326005575/xslF345X05/ownership.xml

$AFYA

Japan69d ago

Lundin Gold Reports Q1 Production of 119,742 Ounces of Gold

Lundin Gold (LUG.TO) after trade Thursday reported first-quarter gold production of 119,742 ounces from its Fruta del Norte gold mine in southeast Ecuador, higher than in the prior corresponding period, while it saying it is "on track" to achieve its 2026 production guidance.Of the total quarterly gold production, 79,451 ounces were produced as concentrate and 40,291 oz as dore, a statement said. During the same quarter in 2025, the company produced 117,313 oz of gold, it added.The company said in the first quarter, the mill processed 496,798 tonnes of ore resulting in an average throughput rate of 5,520 tonnes per day at an average grade of 8.4 grams per tonne with recoveries of 89.2%."First quarter production of 119,742 ounces marks a strong start to 2026, reflecting an increase in mill throughput and stable operating performance at Fruta del Norte. During the quarter, average throughput exceeded our annual guidance rate of 5,500 tpd, reaching a new quarterly record of 5,520 tpd. With this strong operating momentum, we are on track to achieve our 2026 production guidance of 475,000 to 525,000 ounces of gold while maintaining a focus on optimizing recoveries and overall mine and plant performance," chief executive Jamie Beck said.Shares in Lundin Gold closed up $0.11to $112.78 on the Toronto Stock Exchange.

$LUG.TO

Treasury69d ago

Ovintiv Closes US$3 Billion Anadarko Asset Sale; Set to Redeem US$700 Million Notes

Ovintiv (OVV.TO) after trade on Thursday said it completed the all-cash sale of its Anadarko assets in Oklahoma for US$3 billion, with proceeds of about US$2.85 billion after adjustments.Chief Executive Brendan McCracken said the deal completes the transformation of the company's portfolio and balance sheet. "Proceeds from the sale will go to debt reduction, marking the achievement of our debt target and unlocking returns for our shareholders."The company added that it will redeem its entire US$700 million of 5.650% notes due 2028, with the redemption set for April 20.

$OVV.TO

Insider Trading69d ago

Okta Insider Sold Shares Worth $508,583, According to a Recent SEC Filing

Larissa Schwartz, Chief Legal Officer and Corporate Secretary, on April 07, 2026, sold 6,377 shares in Okta (OKTA) for $508,583. Following the Form 4 filing with the SEC, Schwartz has control over a total of 54,825 Class A common shares of the company, with 54,825 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1660134/000196812526000007/xslF345X05/wk-form4_1775768642.xml

$OKTA

US Markets69d ago

Nasdaq, S&P 500 Extend Winning Streak as Truce Remains Intact

The Nasdaq Composite and the S&P 500 posted their seventh straight day of gains as a two-week ceasefire between the US and Iran appeared to remain on track.The Nasdaq closed 0.8% higher at 22,822.4, its highest close since Feb. 26 -- two days before the US-Israel war with Iran started. The S&P 500 climbed 0.6% to 6,824.7.The Dow Jones Industrial Average added 0.6% to settle at 48,185.8, advancing for a second consecutive session.Barring energy and health care, all sectors were in the green, led by consumer discretionary's 2.5% rise.Officials from Washington and Tehran are expected to meet this weekend in Pakistan, which helped broker the truce.Israeli Prime Minister Benjamin Netanyahu said the country would negotiate with Lebanon on disarming Hezbollah, CNN reported Thursday. Iranian state media previously reported that transit through the Strait of Hormuz was halted following Israeli attacks on Lebanon.Oil prices jumped, with West Texas Intermediate crude last up 4.9% at $99.06 per barrel. The benchmark hit up to $102.70 per barrel earlier in the session as shipment activity through the Strait of Hormuz remained restricted. Brent crude climbed 2.4% to $96.99 per barrel.The rebound in oil prices follows the sharpest one-day pullback since 2020 in the previous session following the ceasefire announcement."With a full reopening of the strait unlikely in the near term, oil prices are expected to remain supported, as disruptions linked to reduced output and refinery shutdowns will take time to unwind," ING Bank said in a note.US Treasury yields were declining, with the 10-year rate down 1.5 basis points at 4.29% and the two-year rate falling 2.1 basis points at 3.77%.In economic news, US inflation accelerated sequentially in February as real consumer spending edged higher, with analysts expecting price pressures to intensify due to the spillover effects of the Middle East conflict.The Federal Reserve's preferred inflation metric -- which excludes food and energy -- rose 0.4% month over month, unchanged from January's reading. Annual growth slowed to 3% from 3.1%. All inflation prints met estimates in Bloomberg-compiled surveys."With headline inflation likely to test 4% soon, there is little chance the Fed will ease policy in the near term," BMO Capital Markets said in a note.The US economy expanded at a slower rate in the fourth quarter than previously projected, as consumer spending growth decelerated, the Bureau of Economic Analysis' third estimate showed Thursday."The downward revision to (fourth-quarter) GDP is not a major concern, as it was driven by the volatile inventory component," Oxford Economics Chief US Economist Michael Pearce said in remarks e-mailed to. "Gross domestic income -- a better gauge of underlying activity -- and gross domestic output of private business showed the core of the economy was still expanding at a healthy pace at the end of last year."In company news, CoreWeave (CRWV) agreed to supply artificial intelligence cloud capacity to Meta Platforms (META) in a $21 billion deal as the companies expanded their partnership amid robust demand for infrastructure supporting AI workloads. CoreWeave shares rose 3.5%, while Meta gained 2.6%.Ares Management (ARES) agreed to acquire and take private Whitestone REIT (WSR) in an all-cash deal worth about $1.7 billion. Whitestone shares jumped nearly 12%, while Ares was virtually flat.Brown-Forman (BF.A, BF.B) was approached by Sazerac about a potential transaction amid ongoing discussions with French spirits company Pernod Ricard, The Wall Street Journal reported Thursday, citing people familiar with the matter. The company's class B shares surged nearly 13%, the top gainer on the S&P 500, while its A shares soared 11%.Chevron (CVX) said it expected higher commodity prices driven by the Middle East conflict to boost first-quarter earnings in its upstream segment by up to $2.2 billion, though timing impacts could weigh on the oil giant's bottom line. The company's shares fell 1.3%, among the worst performers on the Dow.Gold was last up 0.4% at $4,795.80 per troy ounce, while silver advanced 0.6% to $76.84 per ounce.

Dow JonesNasdaq CompositeS&P 500$ARES$BF.A$BF.B$CRWV$CVX$META$WSR

Oil & Energy69d ago

US Expands SPR Release with 30 Million Barrel Emergency Exchange, DOE Says

The US Department of Energy on Thursday issued a Request for Proposal for an emergency exchange of up to 30 million barrels of sweet crude from the Strategic Petroleum Reserve.The move continues on the DOE's execution of the 172-million-barrel release authorized as part of a broader coordinated release of 400 million barrels by International Energy Agency member countries aimed at stabilizing global oil markets.The Department said it will continue issuing RFPs as part of this coordinated release effort.Interested parties must submit bids by 11.00 CT on Apr. 13.The crude stock will be sourced from the SPR's West Hackberry site, building on two previous emergency exchange RFPs that awarded a total of 55 million barrels from multiple SPR facilities, including Bayou Choctaw, Bryan Mound, and West Hackberry."Today's action strengthens efforts to move oil quickly to market and address short-term supply pressures," said Kyle Haustveit, Assistant Secretary of the DOE's Hydrocarbons and Geothermal Energy Office."With two earlier exchanges, we are building on proven momentum," he said, adding that premium barrels will be returned later "to bolster long-term readiness at no cost to taxpayers."Under DOE's exchange authority, participating companies will return the borrowed 30 million barrels, along with additional premium barrels, by next year.

Treasury69d ago

Nexus Industrial REIT Seeking $500 Million in a Private Placement of Unsecured Debentures

Nexus Industrial REIT (NXR-UN.TO) after trade Thursday priced a private-placement offering of $500 million of senior unsecured debentures.The REIT said the offering consists of $300 million of Series A Debentures maturing April 14, 2029, carrying a 4.236% annual interest rate, and $200 million Series B Debentures maturing April 14, 2031, paying 4.641% yearly. The debentures are being offered on a private placement basis in each of the provinces of Canada by a syndicate of agents."We are very pleased to announce the successful pricing of Nexus' inaugural debenture offering, with an expected credit rating of BBB (low) with a Stable trend from Morningstar DBRS," said chief executive Kelly Hanczyk. "The expected investment grade rating of our first Debentures reflects our execution on the REIT's long-term, strategic plans and helps position the REIT for future flexibility."The REIT intends to use the net proceeds from the offering to repay existing indebtedness and for general trust purposes. The closing is expected to take place on or about April 14.Nexus units closed up $0.04 to $7.78 on the Toronto Stock Exchange.

$NXR-UN.TO

Insider Trading69d ago

Energy Co Of Parana Insider Sold Shares Worth $489,796, According to a Recent SEC Filing

Pedro Franco Sales, Director, on April 08, 2026, sold 153,700 shares in Energy Co Of Parana (ELPC) for $489,796. Following the Form 4 filing with the SEC, Sales has control over a total of 74,844 common shares of the company, with 74,844 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1041792/000129281426002193/xslF345X05/ownership.xml

$ELPC

Asia Markets69d ago

US Equity Indexes Extend Iran Ceasefire Gains as Truce Likely to Hold Until Talks in Pakistan

US equity indexes rose on Thursday while crude oil futures pared gains amid expectations that a Pakistan-brokered ceasefire deal with Iran will hold until further negotiations in Islamabad to end the war.The Nasdaq Composite rose 0.8% to 22,822.42, with the S&P 500 up 0.6% to 6,824.66 and the Dow Jones Industrial Average higher by 0.6% to 48,185.80, extending gains following a strong rally on Wednesday.The UK's ITV network reported that Iran's Deputy Foreign Minister Saeed Khatibzadeh said the Strait of Hormuz is open. Any civilian vessel can pass with guidance from the Iranian authorities, Khatibzadeh told ITV. "Anybody who communicates with the Iranian authority has permission to pass."Eight ships crossed Hormuz on Thursday, below the usual 135 daily transits, The Wall Street Journal reported.The two-week truce appears to be holding up as fewer strikes were reported across the Middle East on Thursday, CNN reported. Israel's attacks on Lebanon killed more than 250 people while injuring hundreds on Wednesday, according to Reuters.Further, Netanyahu's plan for talks with Lebanon to disarm the militant group reportedly fighting as Iran's proxy addressed concerns raised by Iranian President Masoud Pezeshkian. Tel Aviv's strikes on Lebanon violated the truce deal and, more importantly, would render the upcoming US-Iran peace negotiations in Islamabad meaningless, Reuters cited Pezeshkian as saying.Netanyahu said Israel is planning direct negotiations with Lebanon to establish peaceful relations, but added there is no ceasefire while talks are being pursued, CNN reported.Vice President JD Vance will lead US negotiators in talks with Iran in Islamabad on Saturday, according to media reports. Trump reportedly told NBC News that he was "very optimistic" about reaching a peace deal with Iran, but warned that "if they don't make a deal, it's going to be very painful."West Texas Intermediate crude oil futures were up 4.7% to $98.88, after surging more than 7% higher earlier in the session. Brent crude futures rose 2.4% to $97.01, after climbing almost 5% intraday.Most US Treasury yields fell, with the two-year declining 1.5 basis points to 3.78%. The 10-year was little changed at 4.28%.In economic news, the personal consumption expenditures price index rose by 0.4%, and as expected, the year-over-year rate remained at 2.8%. The price index increased by 0.3% month-over-month in January.The core PCE price index increased by 0.4%, as expected, and the same as in January. The year-over-year rate dropped to 3% from 3.1% in the previous month.US economic growth, measured by gross domestic product, was revised lower to a 0.5% increase in Q4 from a 0.7% gain in the second estimate, compared with estimates for no revision in a survey compiled by Bloomberg.US initial jobless claims rose to 219,000 in the week ended April 4 from an upwardly revised 203,000 in the previous week, compared with expectations for 210,000 in a Bloomberg-compiled poll.In precious metals, gold futures rose 0.4% to $4,794.4 and silver futures climbed 0.5% to $75.79.

Dow JonesNasdaq CompositeS&P 500

Insider Trading69d ago

United Therapeutics Insider Sold Shares Worth $5,514,306, According to a Recent SEC Filing

Martine A Rothblatt, Director, Chairperson & CEO, on April 08, 2026, sold 9,500 shares in United Therapeutics (UTHR) for $5,514,306. Following the Form 4 filing with the SEC, Rothblatt has control over a total of 679,872 common shares of the company, with 40,513 shares held directly and 639,359 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1082554/000110657826000029/xslF345X05/primarydocument.xml

$UTHR

US Markets69d ago

Pending Home Sales Post Biggest Decline in 3 Months Amid High Mortgage Rates, Redfin Says

US pending home sales declined the most in three months during the four weeks ended April 5 as mortgage rates jumped to the highest level since September, Redfin said Thursday.Pending sales fell 2.4% year-over-year to 87,473 units as the weekly mortgage rate jumped to 6.46%, according to the online real estate brokerage."The Iran war and the turmoil it's causing in the markets are the reason mortgage rates are rising," Redfin Data Journalist Dana Anderson said. "The war is also contributing to widespread economic uncertainty, sidelining many would-be homebuyers."The ceasefire that was announced on Tuesday sent oil prices down and rallied markets, and it could help bring mortgage rates back down into the low-6% range."Sales plummeted by more than 15% each in Providence, Rhode Island, Houston and New York, while West Palm Beach, Florida, led the gains.New listings fell 2.6% year-over-year to 101,059 during the four week period, the largest decline in a month."While new listings are losing steam, it's still a strong buyer's market almost everywhere in the country," Anderson said.Newly pending listings grew in March at the fastest pace for the month since 2021 despite an increase in mortgage rates, Zillow Group (Z, ZG) said Monday.Rising mortgage rates and a 2.2% annual increase in home-sale prices -- the biggest in a year -- have pushed the monthly mortgage payment to $2,750, up 0.2% from a year earlier, according to the Redfin report.

$Z$ZG

Oil & Energy69d ago

Market Chatter: ICE Raises Margin Requirements on Brent, Diesel Futures Amid Middle East Volatility

The Intercontinental Exchange (ICE) is set to sharply increase margin requirements for traders on its Brent crude and European diesel futures contracts amid heightened volatility driven by the Middle East conflict, Bloomberg reported on Thursday.The move will more than double the cost of trading some of the world's most liquid oil benchmarks, and the new margin requirements are to take effect at the close of business on Apr. 10.Margins for the front-month Brent crude contract are to increase to just over $11,000, more than double current levels. For the front-month ICE gasoil contract, a key diesel benchmark, margins are set to jump more than fourfold to nearly $21,000, Bloomberg reported.ICE did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$ICE

Asia Markets69d ago

TSX Closer: The Index Falls For The First Time In Seven Sessions

The Toronto Stock Exchange closed lower on Thursday, the first drop in seven sessions, on some profit taking, but also on wariness around continuing geopolitical tensions across the Middle East and lingering concerns around inflation with a recent spike in oil prices seen adding to existing tariff-related pressures on global economies.The S&P/TSX Composite Index closed down 142.86 points, or 0.4%, to 33,477.71, even as losses were capped with the Battery Metals Index up 4.5%. Losers were led down by Telecom, down near 3.4%, and Info Tech down near 2.1% as stock pickers weigh inflation risks and Fed minutes showed officials are open to rate hikes if inflation stays above target. Tech stocks are sensitive to interest rate changes due to their reliance on high capital spending. Higher interest rates increase borrowing costs, and could curb investment in innovation and expansion.RBC Economics, in featured analysis on the United States, noted it has been just over one year since 'Liberation Day', when the U.S. administration announced sweeping tariffs on all trade partners to reduce imbalances. But, RBC said, the trade deficit has not narrowed while trade has been diverted.At present, RBC added, all eyes are focused on a new shock: The conflict in the Middle East, which has sent oil prices soaring to near-2022 highs when Russia invaded Ukraine. "Still," the bank said, "beneath the surface, the ramifications of tariffs are building, and spiking oil prices will add to pre-existing tariff price pressures with both core and headline inflation rising in tandem."In a separate, related but more positive note for Canadians, RBC noted a rebalancing in travel from this country continues as U.S. cross border trips decline amid Canadian anger stemming from the U.S. targeting of certain industries here for tariffs and by President Trump calling Canada the 51st state .RBC added a sustained pullback in trips to the United States is increasingly being offset by rising travel to other destinations within Canada as well as abroad. The bank noted travel to the U.S. fell 25.4% in 2025 to 29.1-million trips with weakness persisting into early 2026. Dollars that might have been spent abroad are being recycled domestically with total tourism spending up 1.7% in 2025.RBC also noted the shift kept Canada as a net exporter of travel services in 2025 as spending stayed closer to home, and that tourism GDP grew 4.8% in Q4, outpacing a broader economy that contracted 0.6%, marking the third consecutive quarter of outperformance.Of commodities, West Texas Intermediate closed higher Thursday as Iran continues to block the Strait of Hormuz. WTI did fall off session highs after Israel said it will begin talks with Lebanon. Iran had maintained a two-week ceasefire agreement reached with the U.S. did include a pledge to halt Israeli attacks on Lebanon. WTI crude oil for May delivery closed up $3.46 to settle at US$97.87 per barrel after touching US$102.70 earlier. June Brent oil was last seen up $0.96 to US$95.71.Gold traded higher by midafternoon Thursday as the dollar weakened after the United States reported a key inflation measure rose, and while the U.S. and Iran argued over the terms of their two-week ceasefire deal. Gold for May delivery was up $36.10 to US$4,813.30 per ounce.

S&P/TSX CompositeS&P/TSX Composite$CXY

Insider Trading69d ago

Equitable Holdings Insider Sold Shares Worth $400,381, According to a Recent SEC Filing

Nick Lane, President of Equitable Financial, on April 08, 2026, sold 10,000 shares in Equitable Holdings (EQH) for $400,381. Following the Form 4 filing with the SEC, Lane has control over a total of 124,218 common shares of the company, with 124,218 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1333986/000162828026024461/xslF345X05/wk-form4_1775765475.xml

$EQH

Insider Trading69d ago

Equinix Insider Sold Shares Worth $432,480, According to a Recent SEC Filing

Brandi Galvin Morandi, Chief People Officer, on April 08, 2026, sold 424 shares in Equinix (EQIX) for $432,480. Following the Form 4 filing with the SEC, Morandi has control over a total of 9,970 common shares of the company, with 9,970 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1101239/000110123926000076/xslF345X05/form4.xml

$EQIX

Insider Trading69d ago

Arteris Insider Sold Shares Worth $1,332,786, According to a Recent SEC Filing

K Charles Janac, 10% Owner, Director, President, and CEO, on April 08, 2026, sold 70,000 shares in Arteris (AIP) for $1,332,786. Following the Form 4 filing with the SEC, Janac has control over a total of 9,372,052 common shares of the company, with 196,729 shares held directly and 9,175,323 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1667011/000106898726000011/xslF345X05/primarydocument.xml

$AIP

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US Markets69d ago

Nasdaq, S&P 500 Extend Winning Streak as Truce Remains Intact

Dow JonesNasdaq CompositeS&P 500$ARES$BF.A$BF.B$CRWV$CVX$META$WSR