Investment
Features
FeesSafety
Academy
More
Pluang+

Oil prices drop as crude flow recovers through Strait of Hormuz, easing supply fears.

Market News
31 Jul 2026
CNBC
View Source
Neutral
pluang ai news

Oil prices fell as crude flows through the Strait of Hormuz recovered to about 30%-35% of pre-war levels, easing supply concerns after recent U.S.-Iran hostilities pushed prices higher. West Texas Intermediate futures dropped 1.62% to $82.24, and Brent crude fell 0.98% to $88.16 a barrel. The Commonwealth Bank of Australia noted that a rebound to 50%-60% of normal flows could restore oversupply in the global market. Meanwhile, U.S. President Trump's proposal to add tariffs on Iran as part of a sanctions bill targeting Iran and Russia is stirring debate, though Iran's trade with the U.S. remains minimal.

More News

Snail Games to unveil AAA open-world game '9 Yin Sutra: Immortal' at ChinaJoy 2026

Snail Games to unveil AAA open-world game '9 Yin Sutra: Immortal' at ChinaJoy 2026

Snail Games will officially reveal its new AAA open-world sandbox game, '9 Yin Sutra: Immortal,' at ChinaJoy 2026. This self-developed game offers a next-gen experience where players explore and survive using mystical arts. Alongside this, Snail Game...

Market News
Bullish
1 hour ago
Snail Games to launch new AAA open-world game '9 Yin Sutra: Immortal' at ChinaJoy 2026.

Snail Games to launch new AAA open-world game '9 Yin Sutra: Immortal' at ChinaJoy 2026.

Snail, Inc. announced it will debut its internally developed AAA open-world sandbox game '9 Yin Sutra: Immortal' at ChinaJoy 2026. The game focuses on mystical martial arts, exploration, and survival challenges, aiming to offer a fresh cultivation ex...

Others
Bullish
1 hour ago
Enterprise Products Partners posts record Q2 with 28% net income growth and raised capex guidance.

Enterprise Products Partners posts record Q2 with 28% net income growth and raised capex guidance.

Enterprise Products Partners reported a strong Q2 performance, with net income rising 28% and adjusted EBITDA up 17% year-over-year, driven by higher volumes and international demand, especially in NGL exports. The company raised its growth capital e...

Company Fundamentals
Bullish
4 hours ago
Coldcard warns users to move Bitcoin from wallets made with vulnerable Mk3 firmware after 594 BTC sweep.

Coldcard warns users to move Bitcoin from wallets made with vulnerable Mk3 firmware after 594 BTC sweep.

Coldcard's maker Coinkite warned users on July 30 that Bitcoin wallets generated with Coldcard Mk3 firmware versions 4.0.1 through 5.0.3 may be at risk due to weak seed phrase generation. This alert followed a coordinated sweep of 594.48 BTC across 5...

Market News
Bearish
4 hours ago
VEON's digital revenue jumps 53.6% in Q2 2026, raising full-year revenue and EBITDA outlook.

VEON's digital revenue jumps 53.6% in Q2 2026, raising full-year revenue and EBITDA outlook.

VEON Ltd. reported a 53.6% year-on-year increase in digital revenue to USD 342 million in Q2 2026, with digital services now making up 26.9% of total revenues. Total revenue rose 17% to USD 1,271 million, and EBITDA grew 6.2% to USD 552 million for t...

Company Fundamentals
Bullish
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App