Author name: Commodities Market Writer

Saudi Aramco’s boss warned of a long disruption to oil markets from the near closure of the Strait of Hormuz, while the company reported a jump in profit following higher prices and its ability to redirect exports via a pipeline bypassing the vital waterway.

A tanker carrying liquefied natural gas from Qatar appears to have transited the Strait of Hormuz, marking the country’s first export out of the region since the Iran war began.

Malaysian Prime Minister Anwar Ibrahim will unveil a plan soon to shore up the country’s oil supply as uncertainties stemming from the conflict in Iran continue, Bernama reported.

A liquefied natural gas tanker that recently switched flags to Russia appears to be loading fuel from a US-sanctioned project, marking Moscow’s latest move to expand its dark fleet designed to circumvent Western restrictions.

Investors are looking for further signs of easing tensions between President Donald Trump and his counterpart Xi Jinping to help remove an overhang on Chinese markets, with geopolitical and trade issues in focus.