Tritonix.ai

News / Korea / yonhap_finance

Oil Prices Slip for Third Day as Hormuz Strait Tensions Ease

Energy Minerals · Oil & Gas Production · yonhap_finance · 2026-08-26

Crude oil prices fell for a third consecutive session as progress in talks between Iran and Oman regarding the Strait of Hormuz eased supply concerns.

What Happened

Market Downtrend: International oil prices extended their decline for a third straight session, driven by reports of progress in negotiations between Iran and Oman regarding the Strait of Hormuz. Investors are optimistic that a framework for clearing mines and establishing temporary shipping lanes will reduce regional geopolitical tensions.

Price Action: Brent crude and WTI both saw significant intraday volatility, dropping nearly 3% at one point to reach their lowest levels since the 10th. Analysts noted that a credible agreement leading to restored shipping capacity could substantially lower the geopolitical risk premium currently embedded in energy prices.

Inventory Data: The U.S. Energy Information Administration (EIA) reported a weekly crude inventory increase of 95,000 barrels, significantly lower than the 597,000-barrel increase expected by analysts. This tighter-than-expected supply data helped oil prices recover from their session lows.

Ongoing Risks: Despite the easing tensions in the Middle East, concerns over supply disruptions persist due to ongoing Ukrainian attacks on Russian energy infrastructure. These conflicting factors are expected to maintain volatility in the global energy markets for the near term.

Read original

More in Energy Minerals

SK Gas Surges Over 10% in After-Hours Trading

Energy Minerals · yonhap_finance · 2026-08-26

SK Gas shares jumped more than 10% in after-hours trading on September 26, following the close of the regular market session.

018670

Iran and Oman Negotiate Strait of Hormuz Transit Amid Easing Sanctions Pressure

Energy Minerals · cnbc · 2026-08-26

Iran and Oman are discussing a framework to secure the Strait of Hormuz, contributing to a decline in Brent Crude prices as U.S. secondary sanctions remain paused.

@LCO.1, @LCO26V

SK Gas Pays Record $5.3 Million Transit Fee to Bypass Panama Canal Delays

Energy Minerals · yonhap_finance · 2026-08-26

SK Gas has committed a record-breaking $5.3 million in auction fees to secure a priority transit slot through the Panama Canal amid severe shipping bottlenecks.

Latest in Korea

Nvidia Posts $96.2B Quarterly Revenue, Crushing Expectations on AI Demand

Electronic Technology · yonhap_finance · 2026-08-26

Nvidia reported a 106% year-over-year revenue surge to $96.2 billion, driven by massive data center demand, while providing a strong Q3 outlook.

Wall Street Ends Flat as Investors Await Nvidia Earnings Results

Electronic Technology · yonhap_finance · 2026-08-26

U.S. stocks closed slightly lower as investors remained cautious ahead of Nvidia's earnings, while higher-than-expected PCE inflation data fueled policy uncertainty.

Key Corporate Filings: Hyundai Motor's Share Cancellation and Financial Incidents

Finance · yonhap_finance · 2026-08-26

A summary of major market filings on the 26th, including Hyundai Motor's massive share cancellation, a financial fraud at Hana Bank, and various capital moves.

000490, 007390, 159910

Nvidia Posts $96.2 Billion in Quarterly Revenue, Extending Record Streak to 13 Quarters

Electronic Technology · yonhap_finance · 2026-08-26

Nvidia reported fiscal second-quarter revenue of $96.22 billion, beating analyst expectations and marking its 13th consecutive quarter of record-breaking growth.