Hable con nuestros expertos hoy mismo

Regístrese a continuación y personalizaremos una solución que satisfaga sus necesidades específicas. Cuando hable con uno de nuestros expertos, es posible que esté calificado para probar nuestros productos líderes en la industria de forma gratuita.

Puede cancelar su suscripción a estas actualizaciones en cualquier momento. Argus gestiona la información personal de acuerdo con nuestra Política de privacidad.
Generic Hero BannerGeneric Hero Banner
Latest Market News

Iran war counter-proposal 'totally unacceptable': Trump

  • Spanish Market: Crude oil
  • 11/05/26

US president Donald Trump has deemed Iran's response to a plan to end the war "totally unacceptable", indicating there is no end in sight to the conflict yet.

"I have just read the response from Iran's so-called 'Representatives'," Trump said in a social media post. "I don't like it — TOTALLY UNACCEPTABLE!" he said.

Crude futures rose by about 4pc in Asian trading today. The front-month July Ice Brent contract rose to $105.32/bl at around 11:00 Singapore time (03:00 GMT), up by 3.9pc from the close on 8 May.

US benchmark WTI rose even more sharply. The front-month June contract was at $99.68/bl, a gain of 4.5pc from 8 May.

Trump on 6 May claimed that a peace deal that was under discussion with Iran would reopen the strait of Hormuz to navigation and lift the US blockade on Iranian trade.

Iran's foreign ministry said it was still reviewing a US proposal, state news agency Isna said on the same day. But the US proposal "contains some unacceptable clauses", according to Tasnim news agency, which is affiliated with Iran's Islamic Revolutionary Guard Corps.

Iran's counter-proposal has not been published, but the text emphasises the need to immediately end the war, lift US sanctions related to Iran's oil sales, end the maritime blockade of Iran, and ensure Iranian management of the strait of Hormuz if the US fulfils certain commitments, according to an informed source cited by Tasnim.

"[The war] is not over because there's still nuclear material, enriched uranium that has to be taken out of Iran," Israeli prime minister Benjamin Netanyahu said in a televised interview on CBS on 10 May. "There's still enrichment sites that have to be dismantled," he said.

Previous statements from Washington and Tehran have outlined a possible agreement that would curb Iran's nuclear programme in exchange for sanctions relief for Tehran. But both sides have drawn red lines, with the US insisting on eliminating Iran's theoretical capacity to produce nuclear weapons, and Tehran emphasising continued control over the strait Hormuz.

By Prethika Nair

Related news posts

Argus illuminates the markets by putting a lens on the areas that matter most to you. The market news and commentary we publish reveals vital insights that enable you to make stronger, well-informed decisions. Explore a selection of news stories related to this one.

10/05/26

Aramco 1Q profit jumps 26pc despite Hormuz disruption

Aramco 1Q profit jumps 26pc despite Hormuz disruption

Dubai, 10 May (Argus) — State-controlled Saudi Aramco said it sold more crude and refined products in the first quarter than in the same period last year, despite shipping disruption through the strait of Hormuz since late February. The company did not disclose volumes but said higher sales, combined with firmer crude and product prices, lifted revenue to $115bn from $108bn a year earlier. Adjusted profit rose by 26pc year on year to $33.6bn, exceeding the $31.16bn median of analysts' forecasts. The increased revenues came despite the US-Iran war causing severe disruption to Mideast Gulf oil flows through the strait of Hormuz during the final month of the quarter. The effective closure of the waterway has forced Saudi Arabia, the UAE, Iraq, Kuwait, Qatar and Bahrain to reduce exports of crude and products since the start of March, weighing on crude output. Kuwait, Qatar, Bahrain and, to a large extent, Iraq have shut in the largest volumes of crude production relative to total output, reflecting their near total dependence on the strait to export oil. Saudi Arabia and the UAE have also shut in significant volumes, but to a lesser extent as a share of total production because both have pipelines that allow some exports to bypass the strait. The 7mn b/d East-West pipeline, which runs from the Abqaiq oil processing complex in eastern Saudi Arabia to the Yanbu port on the Red Sea, has "reached its maximum capacity", Aramco chief executive Amin Nasser said. "Our East-West pipeline... has proven itself to be a critical supply artery, helping to mitigate the impact of an energy shock and providing relief to customers affected by shipping constraints in the strait of Hormuz," Nasser said. Aramco did not disclose its oil and gas production for the quarter. Argus estimated Saudi crude output, including its share of production from the Saudi-Kuwaiti Neutral Zone, at 7mn b/d in March, down from 10.88mn b/d in February and 10.08mn b/d in January. This puts average Saudi crude output for the quarter at 9.32mn b/d, down from 10.03mn b/d in the previous quarter but up from 8.93mn b/d in the first quarter of 2025. The Saudi oil giant sold its crude at an average of $76.9/bl in the first quarter of 2026, marginally higher than $76.3/bl in the same three-month period in 2025. Aramco's board declared a base dividend of $21.9bn for the first quarter, up by 3.5pc from the corresponding period in 2025. The dividend will be paid in the second quarter. By Nader Itayim Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

Iran seizes US-sanctioned oil tanker off Oman: IRNA

08/05/26
08/05/26

Iran seizes US-sanctioned oil tanker off Oman: IRNA

Dubai, 8 May (Argus) — Iran's navy has seized an oil tanker that is sanctioned by the US for moving Iranian oil, on the basis it was "attempting to disrupt oil exports and the interests of the Iranian nation," according to state news agency IRNA. Ocean Koi "was carrying oil cargo of the Islamic Republic of Iran" and was taken by the country's navy to the southern coast, IRNA said. The US treasury included Ocean Koi on its list of sanctioned vessels for links to the Iranian oil trade in February. Oil analytics firm Vortexa shows the tanker, under the name Jin Li , loaded a small amount of high-sulphur fuel oil (HSFO) off the coast of Oman on 7 May with its destination showing the port of Khor Fakkan in the UAE. By Elshan Aliyev Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

US, Iran again exchange fire in Hormuz

07/05/26
07/05/26

US, Iran again exchange fire in Hormuz

Washington, 7 May (Argus) — The US and Iranian militaries exchanged fire for the second time in three days on Wednesday during an attempted passage by US warships through the strait of Hormuz. Iranian forces targeted three US destroyers with missiles, drones and small boats while they were in transit through Hormuz to the Gulf of Oman, according to US Central Command (Centcom), which oversees the Middle East-based US forces. The US forces struck back at Iranian missile and drone launch sites, command and control locations and surveillance nodes, Centcom said. Iran's state news agencies reported explosions near the Iranian port of Bandar Abbas and other locations along the Iranian coastline hugging the strait of Hormuz. Iran's forces damaged the US warships and forced them to abandon the attempted transit, according to the Tasnim news agency, which is affiliated with Iran's Islamic Revolutionary Guard Corps. "No US assets were struck," Centcom said. US and Iranian naval forces clashed on 4 May, when two US destroyers passed through Hormuz to help two US-flagged vessels to depart the Mideast Gulf. The US forces that day launched the Project Freedom mission to enable the departure of ships stranded in the Mideast Gulf, but President Donald Trump put the mission on hold on 5 May. The US and Iran halted hostilities on 7 April. The 4 May clash was not deemed a serious violation of the ceasefire, the Pentagon said. By Haik Gugarats Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

US court finds 'section 122' tariffs unlawful

07/05/26
07/05/26

US court finds 'section 122' tariffs unlawful

Washington, 7 May (Argus) — A federal trade court ruled on Thursday that 10pc tariffs that President Donald Trump imposed in February on a vast number of imported products were unlawful under a 1974 law he used as the basis for the duties. Trump had imposed the "section 122" tariffs on imports on 20 February as a de facto replacement of emergency tariffs the US Supreme Court had thrown out the same day. Trump said he was imposing the 10pc tariffs to address a deficit in the "balance of payments" flowing into the US, using authorities that could remain in place for 150 days, until 24 July. Trump exempted energy, critical minerals, fertilizers and some agricultural imports from new import taxes. But the US Court of International Trade, in a 2-1 ruling on Thursday, found the latest tariffs were "invalid as contrary to law". The court said nowhere in the proclamation imposing the tariffs had Trump identified a "balance-of-payments deficit" under the meaning of the 1974 trade law. The administration had used a mechanism of finding deficits that unless every individual sub-account was balanced, the "president would always be able to identify a balance-of-payment deficit", the court said. The court permanently blocked the US from collecting the section 122 tariffs from state of Washington and two small private importers that had filed the case, and it also required the US to pay refunds and interest. But the court said California and other states that were part of the lawsuit had not shown legal "standing" to obtain the same relief. The court's decision, if upheld, could open the door to other states and plaintiffs that have paid the section 122 tariffs to pursue their own claims to obtain tariff refunds. The White House did not immediately respond to a request for comment. The administration is still in the process of refunding $166bn in emergency tariffs the Supreme Court struck down. The administration last month launched a system to manage tariff refunds. The first refunds will be paid out as early as 12 May, federal customs officials said earlier this week. By Chris Knight Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

Trump claims deal with Iran to reopen Hormuz: Update

06/05/26
06/05/26

Trump claims deal with Iran to reopen Hormuz: Update

Updates with changes throughout Washington, 6 May (Argus) — A peace deal under discussion with Iran would reopen the strait of Hormuz to navigation and lift the US blockade on Iranian trade, President Donald Trump said on Wednesday. "Assuming Iran agrees to give what has been agreed to, which is, perhaps, a big assumption, the already legendary Epic Fury will be at an end," Trump said in a social media post, referring to the US designation for the military operation against Iran that started on 28 February. "If they don't agree, the bombing starts, and it will be, sadly, at a much higher level and intensity than it was before." Iran's foreign ministry said it was still reviewing a US proposal, state news agency Isna said on Wednesday. Iran's Tasnim agency, which is linked to Islamic Revolutionary Guard Corps (IRGC), said that the US proposal "contains some unacceptable clauses". Crude futures dropped sharply after Trump on Tuesday paused the US military mission to force Hormuz open and said that the US and Iran were close to a diplomatic breakthrough. Oil futures have gyrated over the past month after reported breakthroughs in the US-Iran talks that subsequently turned out to have been false starts. The US and Iran reached agreement on a ceasefire on 7 April, but the transit of vessels through the strait of Hormuz is still at a fraction of pre-war levels. Tehran has maintained tight control over the critical Mideast Gulf waterway, while the US has enforced a blockade of Iranian trade since 13 April. Neither Tehran nor Washington officially confirmed details of a possible agreement. Previous statements from Washington and Tehran have outlined the contours of an agreement that would curb Iran's nuclear program in exchange for sanctions relief for Tehran. But red lines drawn by both sides — the US insistence on eliminating Iran's theoretical capacity to produce nuclear weapons and Tehran's assertion of control over Hormuz — will have to be reconciled. The sequence of addressing the points of contention is also an issue, with Tehran keen to push discussion of its nuclear program to a later date. Senior US and Iranian leaders met face to face in Pakistan on 11-12 April, but that round of diplomacy ended without an agreement. The two countries since then have communicated indirectly, through Pakistan. The US on 4 May launched a military mission, dubbed Project Freedom, to challenge Tehran's control over Hormuz. Tehran responded to Project Freedom by launching missiles and drones at US warships and commercial ships transiting Hormuz, while the US destroyed six Iranian naval boats. Iran also targeted the port of Fujairah in the UAE. Trump said on Tuesday he would pause Project Freedom. Tehran had been reviewing the latest US peace proposal before Trump ordered the latest US military mission, and the subsequent confrontation put that review on pause, Tasnim claimed. "After Trump's retreat, Iran has resumed its review in this regard and will announce to the mediator whenever it reaches a conclusion," Tasnim said. By Haik Gugarats Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

Argus Crude Outlook

Argus Crude Outlook

Monthly price forecasts for key crude grades and regional benchmarks up to 36 months out

Argus Refinery Gate Values

Argus Refinery Gate Values

RGVs help you to unlock the true value of crude across the crude supply chain

Argus Refinery Gate Values: A crucial piece of the crude supply chain puzzle

Unlock the true value of your crude or choose the best crude for your refinery

Argus Asia Crack Spread Forward Curves

Herramienta de valoración de mercado independiente para respaldar las decisiones de inversión y negociación en los mercados asiáticos del petróleo.

Argus Fundamentals

Inteligencia de la oferta y la demanda para los mercados globales de crudo y productos refinados.
Generic Hero Banner

Business intelligence reports

Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.

Learn more