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According to Iran's International Television, US Treasury Secretary Bessenter called on Iranians to stop paying taxes and stockpile fuel before winter. He predicted that Iran's economy would shrink by more than 25% by March 2027.

2026-10-27

According to Iran's International Television, US Treasury Secretary Bessenter called on Iranians to stop paying taxes and stockpile fuel before winter. He predicted that Iran's economy would shrink by more than 25% by March 2027.

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2026-10-26

Surging sea freight is eroding the economics of long-haul crude shipments, pushing Indian refiners toward Persian Gulf barrels and away from Russian supply. Traders said some Iraqi cargoes were offered more than $25/bbl below the Dubai benchmark on a

Surging sea freight is eroding the economics of long-haul crude shipments, pushing Indian refiners toward Persian Gulf barrels and away from Russian supply. Traders said some Iraqi cargoes were offered more than $25/bbl below the Dubai benchmark on a pre-loading basis; on an India-delivered basis that equates to a few dollars per barrel below spot Brent. Russian grades are being quoted about $2/bbl over regional benchmarks, making them uneconomic for many Indian buyers. Bharat Petroleum’s CFO said November Russian shipments have fallen sharply as “commercial viability” declined. Aramco recently sold a spot cargo at up to a $10/bbl discount to Dubai, and ADNOC sold roughly 20 million barrels for December loading at a slight discount.
2026-10-26

US Dallas Fed manufacturing prices-paid index for raw materials 55.3 in October, up from 52.2 previously.

US Dallas Fed manufacturing prices-paid index for raw materials 55.3 in October, up from 52.2 previously.
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