Connect with us
DAPA Banner
DAPA Coin
DAPA
COIN PAYMENT ASSET
PRIVACY · BLOCKDAG · HOMOMORPHIC ENCRYPTION · RUST
ElGamal Encrypted MINE DAPA
🚫 GENESIS SOLD OUT
DAPAPAY COMING

Business

Oil Price Today (May 19): Crude oil retreats from $110 as Trump delays planned strike on Iran. Where are prices headed?

Published

on

Oil Price Today (May 19): Crude oil retreats from $110 as Trump delays planned strike on Iran. Where are prices headed?
Oil prices slipped on Tuesday after U.S. President Donald Trump said he had delayed a planned military strike on Iran following requests from key Middle Eastern leaders, easing concerns over an immediate escalation that could put global crude supplies in greater jeopardy.

Trump said on Monday that he had put on hold a “scheduled attack of Iran tomorrow” after appeals from the leaders of Qatar, Saudi Arabia and the United Arab Emirates. Earlier in the day, Trump told the New York Post that Iran knows “what’s going to be happening soon,” though he did not provide further details.

Crude oil price on May 19

International benchmark Brent crude futures for July delivery dropped more than 2% to $109.15 a barrel, while West Texas Intermediate futures fell 1.27% to $107.28 a barrel. Axios had earlier reported that Trump was considering renewed military action after Tehran’s latest proposal in negotiations aimed at ending the conflict failed to meet expectations.

Advertisement

Prior to his remarks on Truth Social, there had been little public indication that Washington was preparing imminent military action against Iran, a move that would likely have ended the fragile ceasefire reached on April 8.
Speaking later at a White House event, Trump said, “we were getting ready to do a very major attack tomorrow.” “I put it off for a little while, hopefully maybe forever, but possibly for a little while,” he said, adding that “we’ve had very big discussions with Iran, and we’ll see what they amount to.”
Tensions between Washington and Tehran have flared up once again and, while the ceasefire technically remains intact, expectations of a quick reopening of Hormuz have weakened considerably.

What are experts saying?

Analysts at Morgan Stanley said the oil market is in “a race against time,” warning that the factors keeping crude prices from rising further may fade if the Strait of Hormuz remains shut into June.

Despite disruptions impacting nearly 1 billion barrels of oil supply, crude prices remain below the highs seen in 2022 after Russia’s invasion of Ukraine. Analysts led by Martijn Rats said the market entered the current crisis with stronger supply buffers, while investors continue to expect that the strait will eventually reopen.

Morgan Stanley also said higher U.S. crude exports and softer Chinese imports have helped cushion the market from a deeper supply shock so far. However, the brokerage warned that a prolonged closure of Hormuz could once again tighten global supplies if disruptions continue beyond what China or the United States can absorb comfortably.
Haitong Futures said markets remain cautious and warned that the ceasefire may not hold for long. The brokerage added that stalled negotiations between Washington and Tehran could trigger another round of escalation and push oil prices even higher.

Saudi Aramco CEO Amin Nasser said earlier this month that disruptions to shipments through Hormuz could delay stability returning to oil markets until 2027, with around 100 million barrels of oil supply per week potentially affected.

Advertisement

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

Bangkok and Tokyo Launch Joint Tourism Campaign

Published

on

Bangkok and Tokyo Launch Joint Tourism Campaign

Bangkok and Tokyo are enhancing tourism cooperation with a reciprocal campaign showcasing attractions across major transit networks, aiming to boost tourism awareness and strengthen ties between the two capitals.


Key Points

  • Bangkok and Tokyo are enhancing collaboration through a mutual tourism promotion campaign, leveraging public transportation and digital platforms to raise awareness and strengthen ties between the two cities.
  • Bangkok’s campaign will run in Tokyo during early June, featuring attractions in high-traffic areas like Shimbashi and Shinjuku stations, as well as on Toei Subway trains.
  • Concurrently, Tokyo’s promotions in Bangkok are displayed on BTS Skytrain LED screens and Smart Bus Shelters, increasing exposure to both cities’ tourism offerings, facilitated by a partnership between the Bangkok Metropolitan Administration and the Tokyo Metropolitan Government.

Bangkok and Tokyo are expanding cooperation through a reciprocal tourism promotion campaign that showcases both cities across major public transportation networks and digital advertising platforms. The project is expected to help increase tourism awareness while encouraging closer ties between the two Asian capitals.

Throughout the first half of June, Bangkok’s tourism campaign is being displayed at several high-traffic locations in Tokyo, including Shimbashi, Hibiya, and Shinjuku stations, as well as on advertising media inside Toei Subway trains. The campaign introduces Tokyo residents and visitors to attractions and experiences available in the Thai capital.

Tokyo’s tourism campaign is, at the same time, being promoted across Bangkok through BTS Skytrain pillar LED displays, more than 100 Smart Bus Shelter screens, BMA Q screens at all 50 district offices, and the city’s official social media channels. The campaign gives Bangkok residents and visitors greater exposure to Tokyo’s tourism offerings.

The exchange is being conducted through a partnership between the Bangkok Metropolitan Administration and the Tokyo Metropolitan Government, showcasing the distinct identities of both cities while promoting tourism and expanding cooperation between Bangkok and Tokyo.

Advertisement

Source : Bangkok and Tokyo Launch Joint Tourism Campaign

Continue Reading

Business

Oil extends losses as Trump calls off planned strikes on Iran

Published

on

Oil extends losses as Trump calls off planned strikes on Iran


Oil extends losses as Trump calls off planned strikes on Iran

Continue Reading

Business

Parna flags $38m hotel in Victoria Park

Published

on

Parna flags $38m hotel in Victoria Park

A vacant corner lot in Victoria Park has been earmarked for a $38 million hotel, which would add almost 150 rooms to the area.

Continue Reading

Business

RH (RH) Q1 2027 Earnings Call Transcript

Published

on

OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Q1: 2026-06-11 Earnings Summary

EPS of -$1.97 beats by $0.10

 | Revenue of $800.33M (-1.67% Y/Y) beats by $7.94M

RH (RH) Q1 2027 Earnings Call June 11, 2026 5:00 PM EDT

Company Participants

Gary Friedman – Chairman & CEO
Jack Preston – Chief Financial Officer

Advertisement

Conference Call Participants

Allison Malkin – ICR Inc.
Steven Forbes – Guggenheim Securities, LLC, Research Division
Michael Lasser – UBS Investment Bank, Research Division
Simeon Gutman – Morgan Stanley, Research Division
Maksim Rakhlenko – TD Cowen, Research Division
Brian Nagel – Oppenheimer & Co. Inc., Research Division
Zachary Fadem – Wells Fargo Securities, LLC, Research Division
Jonathan Matuszewski – Jefferies LLC, Research Division

Advertisement

Presentation

Operator

Hello, and welcome to the RH First Quarter Fiscal 2026 Earnings Call. [Operator Instructions]

I would now like to turn the conference over to Allison Malkin of ICR. Allison, please go ahead.

Advertisement

Allison Malkin
ICR Inc.

Thank you. Good afternoon, everyone. Thank you for joining us for our first quarter fiscal 2026 earnings call. Joining me today are Gary Friedman, Chairman and Chief Executive Officer; and Jack Preston, Chief Financial Officer.

Before we start, I’d like to remind you of our legal disclaimer that we will make certain statements today that are forward-looking within the meaning of the federal securities laws, including statements about our outlook of our business and other matters referenced in our press release issued today. These forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially. Please refer to our SEC filings as well as our press release issued today for a more detailed description of the risk factors that may affect our results. Please also note that these forward-looking statements reflect our opinions only as of the date of this call, and we undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events.

Advertisement

Also, during this call, we may discuss

Advertisement
Continue Reading

Business

Should You Buy the SpaceX, OpenAI, and Anthropic IPOs? Money Pros Weigh In.

Published

on

Should You Buy the SpaceX, OpenAI, and Anthropic IPOs? Money Pros Weigh In.

Three blockbuster initial public offerings are in the works, as SpaceX, OpenAI, and Anthropic prepare to sell shares to the public —and retail investors want in. Financial advisors say they are increasingly fielding questions about IPOs, often from clients who haven’t considered whether they are actually a good value. For this week’s Barron’s Advisor Big Q, we asked a panel of professionals how they are responding.

Continue Reading

Business

Matador Resources Company (MTDR) Shareholder/Analyst Call – Slideshow

Published

on

OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Matador Resources Company (MTDR) Shareholder/Analyst Call – Slideshow

Continue Reading

Business

Asia stocks surge on US-Iran peace hopes, tech rebound

Published

on


Asia stocks surge on US-Iran peace hopes, tech rebound

Continue Reading

Business

Mark My Words June 12 2026

Published

on

Mark My Words June 12 2026

Mark Pownall is joined by Sean Cowan, Tom Zaunmayr and Isabel Vieira to discuss Pauline Hanson, Port Hedland industrial action, Native title consultants, Indigenous business and the Power 500.

Continue Reading

Business

Expeditors International of Washington, Inc. (EXPD) Discusses Changes and Key Trends in the U.S. and North American Trucking Market Prepared Remarks Transcript

Published

on

OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Samantha Hurst
Regional Sales & Marketing Manager for Mid-Atlantic

Hello. Good afternoon, everyone. Thank you so much for joining us. We are just hitting the top of the hour. So we are going to get started because if you’ve ever joined one of these Expeditors events before, you know we typically have quite a bit of content to cover, and today is no exception. So you are joining us for our trucking and transition webinar. We’re going to focus today on what’s changing in the U.S. trucking and honestly, North America market and why that matters to you and your business. So we’re going to go into a little bit of housekeeping today.

My name, by the way, is Samantha Hurst. I’m the one you get the e-mails reminding you that you have signed up for this event. And if you have any questions in the background or technical difficulties, we’re going to drop a few hints here in the chat in just a moment on some things we know people commonly have issues with like echoes of my voice, if you’re hearing that, I’m very sorry. But we’ll give you some hint on how to fix that. And then we will go into introductions of our speakers.

So Angi, you were right to go to that disclaimer. That’s the first thing I want to talk about for everyone. Understand we are not legal experts. We cannot give you advice that should be relied upon from a legal business or financial decisions. We are here

Advertisement
Continue Reading

Business

Asian stocks rally on Gulf breakthrough hopes, oil hits two-month lows

Published

on

Asian stocks rally on Gulf breakthrough hopes, oil hits two-month lows
Asian stocks joined a global rally on Friday on hopes a Middle East peace deal may finally materialise, while the dollar and bond yields dropped and oil prices fell to two-month lows, tempering inflation fears.

All eyes are on the hotly-awaited market debut of Elon Musk’s SpaceX, which has made history with the biggest-ever initial public offering. The IPO raised a record $75 billion, valuing the rocket and spacecraft manufacturer at $1.77 ‌trillion and making ⁠Musk the ⁠world’s first trillionaire.

President Donald Trump said on Thursday that a peace deal could be signed as soon as this weekend, hours after threatening more strikes on Iran. He said negotiations with Tehran had advanced to the highest levels of Iran’s leadership and had been approved by a broad coalition of regional powers.

Trump’s remarks follow repeated bouts of optimism from the president that have failed to yield a deal, rattling market sentiment.

Advertisement

Nonetheless, “This does look perhaps a bit more tangible than we have had,” said Ray Attrill, head of FX strategy at the National Australia Bank.


“If we hear something from Iran that sounds positive, the odds (of a peace deal) are clearly going to flip quite dramatically.”
The ⁠deal, if ‌confirmed, would be the most significant diplomatic breakthrough yet to end the three-month-old war, which has sent global energy prices sharply higher. The European Central Bank had to raise interest rates for the first time in nearly three years to ⁠nip war-driven inflation in the bud. Oil prices slumped to two-month lows on the news of an agreement. U.S. West Texas Intermediate (WTI) crude futures fell 1.9% to $86.08 a barrel, on top of a 2.6% drop overnight. Brent dropped 1.5% at $89.08 per barrel, having fallen nearly 3% overnight.

Japan’s Nikkei rose 4.3%, while Australia’s resources-heavy shares climbed 1.8%. South Korea’s KOSPI surged 8.3%.

Overnight, Wall Street rallied with the three major indexes registering their biggest daily gains since April 8 when the U.S. and Iran agreed to a temporary ceasefire. The Nasdaq jumped 2.5%, helped by expectations of a strong market debut of Musk’s SpaceX.

Data showed that U.S. producer prices increased more than expected in May, leading to the largest annual gain in 3-1/2 years as ‌the Middle East conflict drove up energy prices. On the labor market front, the number of Americans filing claims for unemployment benefits increased marginally last week, pointing to continued labor market resilience in early June.

Advertisement

Treasuries gained as hopes of a peace deal in the Gulf led markets ⁠to trim bets of a rate hike from the Federal Reserve this year. Pricing for a hike in October has come back to 36% from 51%.

Two-year Treasury yields were steady at 4.066% on Friday, having slumped 6 basis points overnight. The benchmark 10-year Treasury yields held at 4.4631%, after falling almost 8 bps overnight.

The dollar nursed losses on lower yields. The dollar index , which measures the greenback against its major peers, held at 99.78, having lost 0.4% overnight.

It edged up 0.1% to 160.19 yen, after retreating 0.4% on the prior session. Traders are still on high alert for any intervention from Japanese authorities as the yen stays below the critical 160 level.

Advertisement

Precious metals caught some relief from the lower dollar. Spot gold rose 0.2% to $4,222 an ounce, following a 3.5% jump overnight, while spot silver rose 0.3% to $67.52 an ounce, after a 5.8% gain. (Reporting by Stella Qiu Editing by Shri Navaratnam)

Continue Reading

Trending

Copyright © 2025