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 […]
Oil drops as Trump pauses Iran strikes
- 27-Mar-2026
Oil prices fell Friday after Donald Trump again pushed back a deadline for Iran to reopen the Strait of Hormuz, though most equities also dropped as traders shrugged at the news following a series of conflicting messaging from the White House. The US president had warned last Saturday he would obliterate the Islamic republic’s energy […]
Oil drops more than 6% on hopes for Iran war de-escalation
- 25-Mar-2026
Oil prices tumbled and stocks rose Wednesday on hopes for a de-escalation of the Middle East war after reports said Washington had sent a peace plan to Iran, while Tehran announced it will let “non-hostile” oil vessels through the crucial Strait of Hormuz. After nearly four weeks of conflict, investors jumped on the first signs […]
Oil rises after Iran strikes Middle East energy facilities
- 19-Mar-2026
Oil prices rose on Thursday, with benchmark Brent rising as much as $5 a barrel, after Iran attacked energy facilities across the Middle East following a strike on the South Pars gas field, a major escalation in the war with the United States and Israel. Brent futures were up $4.66, or 4.3%, at $112.04 a […]
US allows Russian oil purchase to stabilise global energy markets
- 13-Mar-2026
The United States (US) has granted temporary permission for the purchase of Russian oil as part of measures aimed at stabilising global energy markets. The move was the latest attempt by President Donald Trump’s administration to tame energy prices after the US and Israeli strikes on Iran and the subsequent response by Tehran widened regional […]
Oil prices jump despite strategic reserve release
- 12-Mar-2026
A record release of oil from strategic reserves by IEA nations failed to ease concerns about the impact from the Middle East war, with crude prices pushing further higher and stocks sliding on Wednesday. The move to release oil stocks came as Iran said it was ready for a long war of attrition that would […]