oil prices
24 articles
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.
Oil Drops After Trump Pauses Iran Strike, But $45 Billion Bill Has Already Hit U.S. Consumers
Brent and WTI eased after Trump postponed a planned Iran strike, but Americans have already absorbed an estimated $45 billion in higher fuel costs since the war began.
G-7 Finance Ministers Take Up Economic Toll of US-Iran War
G-7 finance chiefs met Sunday to coordinate on oil-price stability, sanctions enforcement and consumer cost as the US-Iran war widens into an economic front.
Iran Establishes Formal Authority to Govern Strait of Hormuz
Iran's Supreme National Security Council has created the Persian Gulf Strait Authority to manage Hormuz operations as Brent crude hits $111.50 and Trump threatens renewed strikes.
Iran's Araghchi Warns of Prolonged War and Higher US Prices
Iranian Foreign Minister Abbas Araghchi said Tehran is ready for a long conflict with Washington and warned American households will pay in fuel and food costs.
Iran Eases Hormuz Blockade as Talks Signals Emerge
Iran's Revolutionary Guards are allowing more ships through the Strait of Hormuz, state TV reported, the first partial easing since the blockade began after US-Israeli strikes.
Trump Warns Iran to Make a Deal or Face 'Annihilation'
President Trump issued his starkest warning yet to Tehran on war day 77, as oil markets surged and a Xi summit failed to break the nuclear standoff.
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.
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.
Satellite Images Show 45 km² Oil Slick Near Kharg Island
Copernicus Sentinel data shows a suspected 45-square-kilometer oil slick off Iran's Kharg Island, which handles 90% of the country's crude exports. Iran denies the spill.
US Disables Two Iranian Tankers; Iran Strikes UAE
US Navy forces disabled two Iranian oil tankers in the Gulf of Oman as Iran launched missiles and drones at UAE targets, pushing Brent crude to $108 intraday.
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.
US and Iran Near One-Page MOU; Nuclear Moratorium in Dispute
Washington and Tehran are closing in on a one-page memorandum of understanding to end the war, but the duration of a nuclear enrichment moratorium remains the central unresolved dispute, according to Axios.
Trump Pauses Hormuz Escort Operation, Cites Deal Progress
President Trump halted 'Project Freedom' military escorts through the Strait of Hormuz, saying Iran nuclear talks are making 'great progress' toward a final agreement.
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.
Trump Rejects Iran Peace Proposal, Threatens to 'Blast Them Away'
Trump said Friday he cannot accept Iran's latest peace terms delivered via Pakistan, warning of military escalation while Hormuz stays closed and oil holds near $108.
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 Rejects Iran Peace Proposal, Cites Unacceptable Terms
President Trump says Iran's latest offer through Pakistan includes demands he cannot accept, as CENTCOM has briefed him on three military options and oil holds near $108.
Iran Sends Peace Proposal to Pakistan Mediators
Tehran offers phased Hormuz reopening via Pakistan backchannel, deferring nuclear concessions. Trump signals skepticism; new Supreme Leader issues Gulf warning.
GCC Leaders Demand Permanent Hormuz Settlement at Jeddah Summit
Gulf Cooperation Council heads of state met in Jeddah for their first in-person summit since the war began, calling for a permanent Hormuz navigation agreement as Iran's latest proposal was rejected by the US.
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.