Oil Is Still Finding Away. The Energy Report 07/07/2026

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Oil Is Still Finding Away. The Energy Report 07/07/2026

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1 hour ago

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They give you an inch in the strait they will take a mile. Oil prices moved higher after as the Wall Street Journal reported that Iran’s Islamic Revolutionary Guard Corps fired missiles at two commercial ships near the Strait of Hormuz early Tuesday, according to a senior U.S. official, marking an escalation that threatens to complicate negotiations to end the U.S.-Iran war. Yet at the same time oil keeps moving and physical oil markets are falling as Saudis cut prices and premiums implode and g...

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