Energy news

Energy commodities are essential fuels that power modern society. Explore key energy sources like crude oil, natural gas, coal, and emerging renewable energies. Learn about their global impact on the economy and environment.

10 Hours to $150 Oil? The looming deadline threatening the Strait of Hormuz

Geopolitical tensions between the US and Iran have peaked with a deadline to reopen the Strait of Hormuz. Reports of strikes on Kharg Island and a threat to close the Bab al-Mandeb Strait risk a massive oil supply shock, potentially driving crude prices toward $150/bbl. We break down the three key price scenarios for WTI and Brent.

07-04-2026 14:55 GMT by Zain Vawda

Chart alert: Japan’s Nikkei 225 is flashing bearish breakdown conditions below the 50-day MA

Japan’s Nikkei 225 has turned into a laggard as rising oil prices and prolonged US–Iran tensions fuel stagflation fears. The index has dropped over 9% since late February, weighed by Japan’s reliance on energy imports and weakening earnings outlook. Technically, Nikkei remains in a bearish descending triangle below key resistance, signalling further downside risk unless a breakout above 54,095 materialises.

07-04-2026 02:02 GMT by Kelvin Wong