bit.fanBit.FanWeb3 News · Betting Reviews · Market Insights
‹ BackNewsEnergy market

Energy market

Strait of Hor
2026-08-19 19:27:44

U.S. military sets up shipping corridor in Strait of Hormuz, moving about 10 million barrels of oil a day

ChainCatcher reported that the U.S. military has established a shipping corridor in the Strait of Hormuz. The route is currently moving about 10 million barrels of oil per day, or roughly half of prewar transportation volume. According to the report, the measure has helped ease the war’s impact on oil supply. It has also had a clear effect on the global energy market. The update was published as a market analysis newsflash and did not provide further operational details beyond the daily transport figure and the comparison with prewar levels.

1280
U.S. military sets up shipping corridor in Strait of Hormuz, moving about 10 million barrels of oil a day
United States
2026-08-14 04:57:26

U.S. Treasury chief says new Iran measures are coming next week as Pentagon says blockade can be sustained indefinitely

U.S. Treasury Secretary Bessent said Thursday that the Trump administration plans to unveil a new round of economic measures against Iran next week, aiming to intensify financial pressure on Tehran. He said the steps would work alongside an ongoing maritime blockade of Iranian ports, calling the combination of economic isolation and sea restrictions something the world has not seen before, with the goal of stopping cargo from moving in or out of Iranian ports. On the same day, U.S. Defense Secretary Hegseth said the military has the capacity to keep the blockade in place for the long term and could sustain it indefinitely through ship rotations. Iran, for its part, has not shown signs of a full concession. It continues to demand the lifting of economic sanctions and the release of frozen assets, and it is refusing to reopen the Strait of Hormuz until those conditions are met. Regional tensions also rose after the UAE said two oil tankers were attacked while passing through the Strait of Hormuz on Thursday and blamed Iran. Separately, Iranian-backed Houthi forces were reported to have attacked Saudi Aramco refining facilities. The IEA also raised its estimate for this year’s global oil supply reduction to about 4.3 million barrels per day from 3.7 million a month earlier.

1600
U.S. Treasury chief says new Iran measures are coming next week as Pentagon says blockade can be sustained indefinitely
EIA
2026-08-11 16:03:41

EIA raises WTI and Brent price forecasts for 2026 and 2027

The U.S. Energy Information Administration, or EIA, raised its price forecasts for both West Texas Intermediate and Brent crude in its latest Short-Term Energy Outlook, according to a BlockBeats report dated Aug. 12. The agency now expects WTI crude to average $80.88 per barrel in 2026, up from its previous forecast of $76.26, and $65.39 per barrel in 2027, compared with an earlier estimate of $60.76. For Brent, the EIA lifted its 2026 forecast to $86.81 per barrel from $81.91, while its 2027 projection was raised to $69.39 from $64.76. The update covers both benchmark oil contracts and reflects higher expected pricing in each of the two years cited in the report.

2210
EIA raises WTI and Brent price forecasts for 2026 and 2027
Bitunix
2026-08-05 08:37:40

Bitunix analyst says policy credibility, not optimism alone, is driving risk assets to fresh highs

A Bitunix analyst said the latest rally in global risk assets is being supported less by earnings beats or AI hype alone and more by a repricing of policy credibility across major economies. According to the analysis cited by BlockBeats on Aug. 5, governments are now intervening across energy, exchange rates, supply chains and monetary policy, pushing markets to reassess institutional execution and the durability of policy support. AI capital spending remains the main growth engine, with Anthropic’s $10 billion computing services deal with Volta Infra and Samsung’s new V10 V-NAND launch presented as evidence that AI infrastructure buildout is still moving at high speed. At the same time, hawkish signals from Federal Reserve officials suggest AI investment is continuing alongside elevated interest rates, shifting investor focus toward cash flow and earnings rather than valuation expansion alone. The note also pointed to progress in talks over the Strait of Hormuz, possible extensions of Jones Act waivers in the US, support for the yen signaled by US Treasury Secretary Bessent, and ongoing work on broader metal tariffs as signs that policy tools are now shaping energy costs, currencies and supply chains. It added that while warnings of a 1987-style crash have resurfaced, current risks are tied more to leverage and compressed volatility than to a clear deterioration in fundamentals.

1840
Bitunix analyst says policy credibility, not optimism alone, is driving risk assets to fresh highs