#nafta

The US military has organized a covert transport operation without coordination with Iranian authorities, Axios reports citing sources. Between 15 and 20 tankers pass through the strait daily.

A nighttime attack on a cargo ship has driven crude oil prices up on global exchanges, with Reuters estimating that a serious blockade of the key shipping route could push prices to $115-$120 per barrel.

Brent crosses $91, WTI $85 per barrel. Tensions between Iran and the US, along with an attack on a cargo ship, keep the market in uncertainty.

Dow Jones fell 0.22 percent to 53,343 points, S&P 500 lost 0.69 percent, and Nasdaq dropped 1.33 percent. Rising bond yields and oil prices push investors away from riskier stocks.

While crude oil remains below $100, diesel prices are exploding due to depleted inventories and disruptions in the Strait of Hormuz. Analysts warn of a perfect summer storm that could lead to a global food crisis.

The US president said Washington would bomb Oman if it interfered in the deal to control the Strait of Hormuz, a key global oil route.

According to data from analytics firm Kpler, only five commercial vessels passed through the strait on Saturday, and none on Sunday, while 31 transits were recorded the previous weekend.

After the US and Israel struck Iran on February 28, Iran's retaliation has effectively shut down the crucial waterway through which a fifth of the world's oil trade passes.

Eleven people killed in the deadliest day of the conflict in months, as the ceasefire between Washington and Tehran approaches its August 17 expiration.

Jefferies analysts warn that the global oil crisis caused by the closed Strait of Hormuz is hitting the diesel and refined products market hardest, while US-Iran talks stall.

Internal Treasury modeling shows GDP growth could fall to just 0.3 percent next year if disruptions in the key maritime passage continue through the end of 2026.

Closure of the Strait of Hormuz to Last Longer Than Expected, with US-Iran Ceasefire Talks Stalled

The International Energy Agency warns that global oil reserves are depleting twice as fast as expected, which could soon be reflected in prices at domestic gas stations.

Viking from Stavanger, nine-time Norwegian champions, is the last hurdle for Dinamo on the road to the Champions League. The match is scheduled for August 18 at Maksimir, and tickets are already on sale.

The first fuel shipment from India's Nayara Energy refinery, partly owned by Russia's Rosneft, arrived on August 5, with analysts warning the shortage is becoming severe.

The International Energy Agency predicts global demand will fall by 1.6 million barrels per day in 2026, a significantly more pessimistic outlook than last month's estimates, as fuel prices rise.