The latest Market Talks covering Energy markets. Published exclusively on Dow Jones Newswires throughout the day.

0239 GMT - The Singapore dollar consolidates against its U.S. counterpart in the Asian session but may be weighed by rising oil prices. Pricier oil tends to pressure the currencies of energy-importing countries such as Singapore. "The 60-day U.S.-Iran truce expired without extension, with [President] Trump ruling out further negotiations and threatening military action against Oman over [Strait of] Hormuz disputes," CIMB Treasury and Markets Research analysts say in a report. They note the recent surge in the price of Brent crude oil, which has risen beyond the $91-a-barrel level. The U.S. dollar is little changed at 1.2776 Singapore dollars, according to LSEG data. (ronnie.harui@wsj.com)

0216 GMT - BHP's consensus-beating annual results top off what was a very good year for the world's No. 1 miner, says Jefferies. The growth in BHP's copper earnings--to account for 54% of annual underlying Ebitda--partially justifies a rerating of BHP's equity valuation over the past year, it says. "This is an excellent set of results for BHP," the bank says. While Jefferies thinks BHP's shares could gain further in the coming six months or so, it does expect company-specific tailwinds to subside. Volumes in Chile are now expected to decline, it says, adding that the increase in Ebitda from FY 2025 to FY 2026 was almost entirely due to the impact of higher prices. Jefferies reiterates a hold rating. It has a A$65.00 target on the stock. Shares are up 3.0% at A$64.09. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

0038 GMT - For Jarden, Amplitude Energy's FY 2027 guidance was the main focus of its annual result. Amplitude signaled output of 26.6-28.5 petajoules equivalent, in line with consensus hopes at the midpoint. It reflects strong operational performance at the Orbost facility. FY 2027 capex guidance of A$250 million-A$310 million beat Jarden's estimates. Analyst Nik Burns says this is largely a timing issue. "But we estimate East Coast Supply Project total costs are now at or above the top end of the prior range," Jarden says. The next key catalyst will likely be the Juliet exploration well result, Jarden says. That well is about to be drilled. "We carry no value for this well in our valuation but could potentially add A$0.34/share upside in the success case," Jarden says. (david.winning@wsj.com; @dwinningWSJ)

0009 GMT - BHP's FY 2026 dividend beat and in-line FY 2027 guidance should be reasonably well received by the market, says RBC Capital Markets analyst James Redfern. BHP's annual payout of US$1.72 a share is its highest in four years and above Visible Alpha consensus of US$1.54 a share. "Along with the dividend, a key focus is new FY27 guidance for unit costs and capex," says Redfern. While forecast unit costs at Western Australia Iron Ore are 2% higher than consensus, projected costs at Escondida are 4% below consensus, he says. RBC has a sector perform rating and A$57.00 target on BHP shares. The stock is up 2.9% early in Sydney at A$63.97. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

2355 GMT - Oil rises in early trade amid lack of progress in U.S.-Iran talks to reopen the Strait of Hormuz, a key waterway through which one-fifth of the world's oil is transported. President Trump said that he's in no hurry to resolve the U.S.-Iran conflict. Also, Trump threatened to bomb Oman if the country "gets in the way" of U.S. efforts to reach a peace deal with Iran. Iranian negotiators have held discussions with Oman in recent weeks over a provisional arrangement to manage shipping through the strait, but no tangible outcome has yet emerged. Front-month WTI crude oil futures are 0.5% higher at $84.92 per barrel. (ronnie.harui@wsj.com)

2056 GMT - Expand Energy's recently announced $1.25 billion acquisition of natural-gas supplier Twin Eagle from private-equity firm Five Point Infrastructure will increase the publicly traded energy company's access to critical assets without substantial capital outlays, says Gabriele Sorbara, a senior equity analyst at financial-services firm Siebert Williams Shank. Sorbara points to Twin Eagle's contractual rights to use third-party pipelines and storage tanks. "They're not really acquiring many assets from Twin Eagle," he says of Houston-based Expand Energy. "But it has improved their margins." He compares the approach with that of larger natural-gas producers such as EQT Corp., which about two years ago reacquired pipeline operator Equitrans Midstream in a roughly $5.5 billion deal. "Expand is doing it a little bit differently with Twin Eagle," Sorbara adds. "It's really asset-light." (luis.garcia@wsj.com; @lhvgarcia)

1922 GMT - U.S. natural gas futures lose ground with high production and comfortable storage levels weighing against strong weather-driven demand and recovering LNG feedgas flows. "Lingering heat across Texas and the Southeast should support cooling demand through the remainder of August, while LNG exports are positioned to rise as maintenance concludes and new capacity ramps," Andy Huenefeld of Pinebrook Energy Advisors says in a note. But with production increasing as the shoulder-season approaches, "competing forces continue to favor a broadly balanced market rather than a sustained move in either direction," he adds. Nymex natural gas settles down 1.6% at $2.690/mmBtu. (anthony.harrup@wsj.com)

1902 GMT - Oil futures settle higher as the U.S. and Iran vie for control over the Strait of Hormuz and President Trump says he's in no hurry to resolve the conflict. Gains accelerated after Iranian state media said an Emirati oil tanker was seized in the strait. "The Iranian route is one of the conditions, and payment for services and Iran's permit are other conditions that oil tankers must observe," the Fars news agency said.The U.S. continues its blockade of Iranian ports,with Centcom saying that to date U.S. forces have "redirected 64 commercial vessels, disabled 3, and boarded 2 to ensure compliance." WTI settles up2.5% at $84.50 a barrel and Brent rises 2.7% to $90.87 a barrel. (anthony.harrup@wsj.com)

1813 GMT - Oil prices add to gains following an unconfirmed Iranian state media report that Iran seized a U.A.E.-owned oil tanker in the Strait of Hormuz. Both the U.S. and Iran claim to have control over the strait, which has seen limited shipping since the reopening agreed under the U.S.-Iran Memorandum of Understanding unraveled in July. The 60-day MOU expired Monday. President Trump told Fox News earlier that he is in no hurry to resolve the conflict and warned Oman against interfering with the U.S. blockade of Iranian ships in the waterway. WTI is up 2.5% at $84.46 a barrel and Brent rises 2.6% to $90.82 a barrel. (anthony.harrup@wsj.com)

1540 GMT - Concerns about JetBlue's balance sheet are put on the front burner with the Iran ceasefire ending today, Seaport Research Partners analyst Daniel McKenzie says in a research note. If oil prices surge again from increased hostilities with Iran, JetBlue could be forced to boost debt, putting its balance sheet at risk of becoming too indebted, the analysts say. "Shares could ultimately become worthless," they say. The analysts had upgraded JetBlue shares to a buy rating in April based on the assumption that the Strait of Hormuz would open. Now, they're downgrading the shares to a neutral rating. Shares slide 5.7% to $5.33. (dean.seal@wsj.com)

1511 GMT - Qatar leads most major Gulf stock markets lower as geopolitical uncertainty continues to weigh on sentiment. Qatar's QE index falls 1.5%, while the Dubai Financial Market General Index declines 0.5% and Saudi Arabia's Tadawul All Share Index slips 0.1%. Abu Dhabi bucks the trend, with its benchmark gaining 0.3%. GCC equities are showing a cautious tone, but the divergence across markets shows that domestic fundamentals, earnings, valuations and sector-specific catalysts are also playing a growing role, says Milad Azar of XTB-MENA. Abu Dhabi's relative resilience reflects stronger domestic fundamentals, liquidity and investor confidence in large-cap banking and energy stocks, he says. (farhan.rafid@wsj.com)

1509 GMT - The eurozone's 0.4% rise in second-quarter GDP shows the economy has proved more resilient than the last energy-price surge in 2022, Capital Economics' Neil Shearing says in a note. The terms-of-trade shock has been smaller than feared as the jump in global energy prices has been more modest, particularly for natural gas. Europe has also reduced dependence on fossil fuels, as imports of oil have fallen by about 10% and natural gas by around 15% compared with 2022, Shearing says. Fiscal policy is also more supportive, and households have reduced savings. Manufacturers appear to have brought forward production in the second quarter to get ahead of perceived increases in energy costs further ahead, he says.