Oil touches 2-week high amid Iran war
- 18-May-2026
Oil prices extended gains on Monday as efforts to end the U.S.-Israeli war on Iran appeared to have stalled, after a nuclear power plant in the United Arab Emirates came under attack and as U.S. President Donald Trump is expected to discuss military options on Iran. Brent crude futures climbed $2.03, or 1.86%, to $111.29 […]
Oil rises $4 after Trump rejects Iran’s response to US peace proposal
- 11-May-2026
Oil prices rallied on Monday, a day after President Donald Trump said Iran’s response to a U.S. proposal was “unacceptable,” raising supply fears as the Strait of Hormuz stayed largely closed, which kept the global market tight. Brent crude futures climbed $4.16 or 4.11% to $105.45 a barrel at 0340 GMT. U.S. West Texas Intermediate […]
Oil surges to four-year high on Trump blockade warning
- 30-Apr-2026
Oil prices soared more than seven percent to a four-year high above $126 Thursday after Donald Trump warned the US blockade of Iranian ports could last months and a report said he would be briefed on potential fresh military strikes. While Tehran submitted a fresh proposal this week to reopen the crucial Strait of Hormuz, […]
Oil prices turn lower as investors assess outlook for US-Iran peace talks
- 22-Apr-2026
Oil prices turned lower on Wednesday after rising about $1 at the start of trade in Asia, with investors assessing the outlook for US-Iran peace talks following the US extension of a ceasefire. Brent crude futures were down 21 cents, or 0.2%, at $98.27 a barrel at 0039 GMT, after touching $99.38 earlier in the […]
Oil jumps, stocks wobble as US-Iran ceasefire hangs in the balance
- 20-Apr-2026
Oil prices jumped and stock futures fell on Monday as rising tension in the Middle East kept shipping in and out of the Gulf to a minimum, though traders held out hope for a resolution and Asia’s stock markets breezed toward record highs. Brent crude futures rose about 5% to $95.16 a barrel. S&P 500 […]
Oil prices fall for a second day on expectations US-Iran talks may resume
- 15-Apr-2026
Oil prices fell for a second day on Wednesday on expectations peace talks between the U.S. and Iran may resume and eventually release supply from the key Middle East producing region trapped by the closure of the Strait of Hormuz. Brent crude futures fell 52 cents, or 0.55%, to $94.27 a barrel at 0054 GMT […]
Oil slides below $100 after Trump announces two-week ceasefire
- 08-Apr-2026
Oil fell below $100 per barrel on Wednesday after US President Donald Trump said he had agreed to a two-week ceasefire with Iran that was subject to the immediate and safe reopening of the Strait of Hormuz. Brent fell $14.84, or 13.6%, to $94.43 a barrel and WTI slid $16.13, or 14.3%, to $96.82 a […]
Russian oil terminals under attack unable to accept shipments for second week, sources say
- 04-Apr-2026
Russia’s Baltic oil export hubs at Ust-Luga and Primorsk remain unable to handle shipments after a series of Ukrainian drone attacks, prompting the country’s refineries to find alternative routes for export, industry sources said on Friday. The attacks have damaged port infrastructure and continued through the last two weeks of March, with at least five […]
OPEC+ likely to weigh further oil output hike on Sunday, sources say
- 02-Apr-2026
OPEC+ is likely to weigh a further oil output increase when eight members meet on Sunday, two OPEC+ sources said, a move that would position key producers to add more barrels should the Strait of Hormuz – the world’s most important oil route, currently shut by the U.S.-Israeli war with Iran – reopen. At its […]
Oil jumps nearly 7% after Trump says US to keep up attacks on Iran
- 02-Apr-2026
Oil prices climbed nearly 7% on Thursday, as President Donald Trump said the United States would keep up attacks on Iran without committing to a specific timeline to end the war, fanning investor fears about sustained disruptions to supply. Brent crude futures rose $6.84, or 6.8%, to $108 per barrel by 0643 GMT. U.S. West […]