US-led crude surge shifts global oil power westward as Americas exports hit records, reshaping trade flows and challenging Middle East and OPEC dominance.

Oil prices saw an uptick as renewed US-Iran tensions in the Middle East disrupted shipping through the Strait of Hormuz. Despite reports of a potential de-escalation and renewed…

US-led crude surge shifts global oil power westward as Americas exports hit records, reshaping trade flows and challenging Middle East and OPEC dominance.

Asia's crude oil imports saw a slight June uptick but remain near decade lows, impacted by the Iran conflict disrupting Middle East shipments. Despite a modest recovery, volumes…