Oil prices rise as investors weigh Middle East peace prospects
- 07-May-2026
TOKYO: Oil prices rose over $1 on Thursday, rebounding from the previous day’s sharp losses, as investors weighed the prospects of a Middle East peace deal succeeding. Brent crude futures were up 78 cents, or 0.8%, at $102.05 a barrel at 0400 GMT. U.S. West Texas Intermediate gained 76 cents, or 0.8%, to $95.84 a […]
Oil prices fall a second day as Trump indicates possible Iran peace deal
- 06-May-2026
Oil prices fell for a second day on Wednesday on expectations bottled up supply from the key Middle East producing region could resume flowing after U.S. President Donald Trump indicated a possible peace deal may be reached to end the war with Iran. Brent crude futures for July fell $1.52, or 1.38%, to $108.35 per […]
Venezuela signs oil, gas deals with US companies
- 01-May-2026
Venezuela signed deals with US companies on Thursday in a bid to boost oil and gas production, the latest sign of thawing relations after Washington deposed leftist leader Nicolas Maduro. The South American nation is currently led by interim president Delcy Rodriguez, who is cooperating under heavy US pressure to meet President Donald Trump’s demands […]
Oil prices extend gains as US-Iran war deadlock keeps supply off market
- 30-Apr-2026
Oil prices extended gains on Thursday on concerns supply from the key Middle East producing region will remain bottled up for longer as talks to end the U.S.-Israeli war against Iran have deadlocked. Brent crude futures for June rose $1.91, or 1.62%, to $119.94 a barrel as of 0057 GMT after gaining 6.1% in the […]
Oil prices climb 3% after Trump says he does not want to extend Iran ceasefire
- 21-Apr-2026
NEW YORK: Oil prices climbed about 3% on Tuesday after U.S. President Donald Trump said he did not want to extend a soon-to-expire ceasefire in the Iran war and that the U.S. military was “raring to go” if negotiations do not succeed. Brent futures rose $2.48, or 2.6%, to $97.96 a barrel at 11:58 a.m. […]
Oil prices plunge over 10% as Iran opens Strait of Hormuz
- 17-Apr-2026
Oil prices plunged more than 10 percent on Friday after Iran said the Strait of Hormuz would be “completely open” for the rest of the ceasefire with the United States, and stock markets surged. Iran’s Foreign Minister Abbas Araghchi said on X that “passage for all commercial vessels through Strait of Hormuz is declared completely […]
Physical oil prices hit record highs near $150 a barrel as Hormuz crisis worsens
- 07-Apr-2026
European and Asian refiners are paying record high prices of near $150 a barrel for some crude oil grades, far exceeding prices for paper futures, highlighting the worsening supply crisis from the U.S.-Israel war with Iran. The Iran war has forced the shutdown of at least 12 million barrels per day – about 12% of […]
Oil prices rise as US-Israeli war with Iran continues to disrupt supply
- 06-Apr-2026
Oil prices climbed on Monday on continuing fears of supply losses because of shipping disruptions in the key Middle East producing region from the US-Israeli war with Iran. Brent crude futures rose $1.71, or 1.6%, to $110.74 a barrel by 0057 GMT. U.S. West Texas Intermediate crude futures gained $0.71, or 0.6%, to trade at […]
Oil leaps back towards $110, stocks tumble as Trump vows to keep hitting Iran
- 02-Apr-2026
Oil prices surged and global equity and bond markets recoiled again on Thursday after U.S. President Donald Trump dashed hopes of a swift resolution to the Middle East war. Brent crude jumped more than 7% to above $109 a barrel after Trump said in a prime-time address on Wednesday that the U.S. would hit Iran […]
Oil prices gain but set for first weekly decline since start of Iran war
- 27-Mar-2026
NEW YORK: Oil prices rose on Friday reflecting scepticism about prospects for a ceasefire in the month-old Iran war, but Brent crude was set for its first weekly decline since February 9 after U.S. President Donald Trump said talks with Iran were going well while offering no details. Brent crude futures rose by $3.51, or […]