GIDEX Group — Market news https://gidex.com/news/ 2026-08-17T05:01:43Z Oil Majors Post $93bn Windfall as Hormuz Disruption Lifts Prices https://gidex.com/news/oil-majors-post-93bn-windfall-as-hormuz-disruption-lifts-prices/ 2026-08-17T05:01:43Z Strait of Hormuz restrictions have driven oil prices and major oil companies' profits sharply higher in H1, a trend likely to persist. Urea slides to $386/t as China quotas, easing Hormuz tension weigh https://gidex.com/news/urea-slides-to-386-t-as-china-quotas-easing-hormuz-tension-weigh/ 2026-08-16T08:51:21Z Urea prices dropped 3.5% in a single session to $386/t as China releases export quotas and Hormuz Strait tensions ease, reversing April's rally above $500. Somali Piracy Rebounds as Hormuz Closure Reroutes Tanker Traffic https://gidex.com/news/somali-piracy-rebounds-as-hormuz-closure-reroutes-tanker-traffic/ 2026-08-16T08:51:21Z Hormuz blockage pushes tankers around Africa, fueling a surge in Somali piracy with three tankers hijacked since April 2026.