Brent crude
19 articles
EU now prices the Iran war into euro-area growth and inflation
Brussels cut 2026 eurozone growth to 0.9% and lifted inflation to 3.0%, formally treating the Iran war as a structural energy shock and raising ECB-hike pressure.
Hormuz Insurance Won't Snap Back Even If a Deal Lands
Underwriters are holding war-risk premiums at $3M-$8M per tanker even as Brent falls on deal optimism, anticipating six months of mine clearance and a re-set baseline that won't reverse quickly.
Goldman Alarm Meets an $81 Forward Floor as Hormuz Cycle Hardens
Goldman warns global oil stocks are approaching an eight-year low while the options strip holds Brent above $81 into mid-2027. Bank research and market pricing have converged.
Oil Eases on Trump's 'Quick End' Pledge as Hormuz Risk Stays Live
Crude softened after Trump reaffirmed he would end the Iran war 'very quickly,' but supertanker traffic, IRGC transit counts and a 'dramatic' Netanyahu call show the physical risk hasn't moved.
IEA: Global Oil Inventories Draining at Record Pace
Global oil stocks fell 117 million barrels in April alone as the Hormuz blockade cuts 14 mb/d of supply, the IEA says, with Brent holding near $106/bbl.
Saudi Aramco Posts Record Profit as Hormuz War Drives Oil to $107
Saudi Arabia's state oil giant earned $32.5 billion in Q1 2026, up 25% year-on-year, as Strait of Hormuz combat keeps Brent above $100 and war-risk insurance premiums at 8–10x pre-war levels.
Trump calls Iran's reply 'TOTALLY UNACCEPTABLE' as Khamenei orders military to 'confront the enemy'
Hours after Iran submitted its ceasefire reply via Pakistan, Trump threatened resumed bombing and Khamenei issued fresh combat directives, pushing talks to the edge.
UAE air defenses engage Iranian missiles, drones; three wounded
The UAE Defense Ministry said its air defenses engaged two Iranian ballistic missiles and three drones, the first acknowledged Iranian strike on Emirati territory in the current escalation.
Oil Markets Fracture: Futures Say $101, Physical Barrels Cost $130
Front-month Brent futures and physical Dated Brent have diverged by more than $30 for the first time, as the Hormuz closure drains refinery stockpiles faster than financial markets can price the shock.
Brent Crude Drops 8.6% to $106 on Iran Deal Optimism
Brent fell $10 to $106.52/barrel and WTI neared $93 as traders priced out conflict risk on reports of an imminent US-Iran nuclear framework agreement.
Rubio: Operation Epic Fury Is Over, US Shifts to Defense
Secretary of State Rubio declared the US-Israel military campaign against Iran complete, saying Washington has moved to a defensive posture as deal talks advance.
OPEC+ Adds 188,000 bpd for June in First Meeting Without UAE
Seven OPEC+ producers led by Saudi Arabia and Russia agreed Sunday to raise June output by 188,000 barrels per day, the cartel's first quota call since the UAE's May 1 exit.
Spirit Airlines Folds, First US Corporate Casualty of Hormuz Oil Shock
Spirit cancelled all 9,000 May flights and began an orderly wind-down Saturday after a proposed $500M federal bailout collapsed, citing record jet-fuel prices.
EIA Forecasts $115 Brent Peak as Hormuz Cuts 6.7 mb/d in May
U.S. and international energy agencies report the deepest supply disruption on record, with EIA projecting Brent to peak at $115 in Q2 and gasoline averaging $3.70 this year.
Brent Crude Falls to $108 on Iran Peace Signal
Brent crude settled at $108.17 Friday as Iran peace-talk optimism trimmed a $126 peak, but Hormuz war-risk insurance remains effectively closed and the nuclear file unresolved.
Trump Posts 'No More Mr. Nice Guy,' Cancels Islamabad Talks
Trump rejected Iran's Hormuz proposal, canceled Pakistan-mediated talks, and threatened an extended blockade as Brent crude held above $114 for an eighth straight session.
UAE Quits OPEC on May 1, Stripping Cartel of No. 3 Producer
The UAE announced its exit from OPEC effective May 1, removing the cartel's third-largest producer as Brent crude trades above $114 amid a closed Strait of Hormuz.
What an Iran flare-up does to oil, gold, and defense stocks — the playbook
Every Iran cycle moves the same set of tickers in the same direction. Here's what the historical record shows about timing, magnitude, and the rotation that happens after the first 72 hours.
Brent vs WTI — what's the actual difference, and why does it matter?
Two oil benchmarks, set in different oceans, priced differently, used by different industries. Understanding the spread is essential for any reader of energy news.