The IEA’s oil division chief Basoni says oil supplies from the US, Brazil, Argentina and Venezuela have exceeded expectations, but output from the Americas can only marginally offset supplies lost East of Suez

Newsquawk StaffPublished 2 Jun 2026, 10:02 UTCOn the live feed at 09:42 UTC — 7 more headlines followed before this page went public

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09:49

"Bahraini Ministry of Interior issues a decision prohibiting Bahraini citizens from travelling to Iran and Iraq due to the current security tensions.", Sky News Arabia reports

09:45

Iran says repairs to its damaged energy facilities are occurring faster than expected, Iran's oil ministry says

09:42

The IEA’s oil division chief Basoni says oil supplies from the US, Brazil, Argentina and Venezuela have exceeded expectations, but output from the Americas can only marginally offset supplies lost East of Suez

09:40

SoftBank (9984 JT/SFTBY) is in early talks to back an USD 800mln funding round for Agile Robots, Bloomberg reports

09:31

Germany sells EUR 3.857bln vs exp. EUR 5bln 2.50% 2028 Schatz: b/c 1.58x (prev. 1.4x), average yield 2.59% (prev. 2.70%), retention 22.86% (prev. 22.8%)

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Says about half of a roughly 400mln barrel release plan has already entered the market, with the remainder to be released later
A further IEA-coordinated emergency oil stock release remains possible, but was not discussed today
Says the Strait of Hormuz could take 6-8 months to reopen, at best, from today

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