Yahoo Finance | EN590 Commodities
EN590 Commodities GroupCrude Oil 2026-06-07T21:00:00.000Z
Persian Gulf oil exporters are scrambling to reroute their crude from ports to pipelines to keep the world running and keep their oil money flowing and fueling their economies. Sanction waivers abound. Venezuela’s oil output has shot up to 1.25 million barrels daily. The world of energy after the end of the war in the Middle East will be a very different one from what we’ve become accustomed to over the last five years. When the United States and Israel first fired on Iran, the overwhelming assumption was that first, Iran would never close the Strait of Hormuz, and two, after the closure became a fact, that it would only last for a few days, maybe a couple of weeks tops. Then, when it became abundantly clear that there is no expiry date on the Strait closure, oil exporters finally started
About EN590 Commodities Group
25+ years in mineral exploration and extraction. 15+ years of global commodity trading. Based in New York, USA serving 75+ countries.