VanEck Oil Services ETF

OIH

Market cap $2.42B

The oil market is underpricing some risks from the Iran war, global commodity trading house ​Vitol's managing director for Bahrain, Tom Baker, said on Tuesday.

U.S. natural gas futures slid about ​2% on Tuesday as daily flows to liquefied natural gas (LNG) export plants dropped to a four-month low.

Crude oil pulls back slightly to kick off Tuesday's session as the tensions in the Middle East continue to move the interest rate markets, and risk appetite as far as oil is concerned.

For years, governments and industry have discussed the energy trilemma, which is the need for secure, affordable, and low-carbon energy. Following the Paris Climate Accord in 2015, significant emphasis was placed on the low-carbon component as countries and corporations set net-zero emission targets.

West Texas Intermediate and Brent crude's front-month contracts both edged lower after hitting monthly highs during Monday's session.

August could mark a tipping point for much higher oil prices if demand rises ​and the Iran war supply crisis persists, an ‌Abu Dhabi state oil company executive said on Tuesday, adding it could take up to a year for supply chains to recover ​even after flows normalise.

Two tankers carrying oil products exited ​the Strait of Hormuz over the past week, while a liquefied natural gas carrier loaded cargo ‌in the United Arab Emirates, shipping data showed - rare movements as traffic through the chokepoint remains limited.

Brent crude and WTI crude prices were slipping as President Donald Trump said peace negotiations with Iran were continuing.

U.S. stock futures were in the red after Asian markets broadly slipped, though European stocks were buoyed by AI exuberance.

Bond yields ease after Trump pushes for Israel-Hezbollah halt in fighting