The Latest Breaking News from the Strait of Hormuz

May arabica coffee (KCK26 ) today is up +2.60 (+0.92%), and May ICE robusta coffee (RMK26 ) is down -16 (-0.43%). Coffee prices are mixed today. Supply concerns are supportive of coffee prices, as the war in Iran has halted shipping through the Strait of Hormuz, boosting global shipping rates,...

April WTI crude oil (CLJ26 ) today is down -0.55 (-0.74%), and April RBOB gasoline (RBJ26 ) is up +0.0172 (+0.70%). Crude oil and gasoline prices are mixed today, with gasoline posting a 19.5-month high. Energy prices have been volatile today, whipsawed by headlines. Crude prices initially tumbled today on...

The S&P 500 Index ($SPX ) (SPY ) today is up +0.87%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.66%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.52%. March E-mini S&P futures (ESH26 ) are up +0.81%, and March E-mini Nasdaq futures...

The S&P 500 Index ($SPX ) (SPY ) today is up +0.03%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.11%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.63%. March E-mini S&P futures (ESH26 ) are up +0.07%, and March E-mini Nasdaq futures...

Millions of barrels of oil and gas are being held up as war breaks out over the major shipping route

Many European countries like Italy, Greece, Spain, Poland and Belgium rely on the Strait of Hormuz for imports or refining. Experts say the closure of this corridor will not cut off Europe’s oil supply, but will continue to drive up oil prices and disrupt markets.

Oil prices are climbing, albeit at a slower pace, as the US and Israel's war with Iran enters its fifth day, with little to ease concerns over the safety of the Strait of Hormuz — a vital artery for the global energy supply.

The Israeli military says it launched a “broad wave” of strikes in Tehran early on Wednesday, targeting “the Iranian terror regime’s launch sites, aerial defence systems and additional infrastructure”. The Pentagon has named the first four American personnel killed in the widening conflict; they are Capt Cody A Khork, 35,…

Israel and the United States have launched a major joint operation against Iran. The campaign involves extensive strikes targeting Iranian military and nuclear facilities. Iran has retaliated, hitting US diplomatic sites and energy infrastructure across the region. The conflict has spread, causing casualties and displacement. Global energy prices are rising…

The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed down -0.94%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.83%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.09%. March E-mini S&P futures (ESH26 ) fell -0.94%, and March E-mini Nasdaq futures...

The president also said he was offering government-backed risk insurance for ships passing through the Gulf region