oil prices
59articles
US-Iran Ceasefire Expires, Oil Tops $91 as Hormuz Stays Shut
The US-Iran ceasefire elapsed Monday without renewal as crude surged past $91 a barrel, Tehran kept the Strait of Hormuz closed, and markets priced in a longer standoff.
The Oil Test: Vance Revealed Washington's Real War Aim — and Iran Is Consolidating for a Long Siege
JD Vance's declaration that cheap oil is America's top priority in the Iran war — ahead of nuclear disarmament — rewrites the public rationale for the conflict and signals a siege strategy, not a sprint to a deal.
Oil Posts Weekly Gains as US Threatens Indefinite Iran Blockade, Two Ships Attacked in Hormuz
Crude prices rose on the week after Washington threatened an indefinite naval blockade on Iran and warned of stepped-up economic pressure, as two more vessels were attacked in the Strait of Hormuz.
Oil Rises as Iran Deal Doubts Heighten Supply Concerns
Crude climbed Wednesday as traders priced in a longer-than-expected stalemate in US-Iran talks, keeping a risk premium on Persian Gulf supply disruptions.
Congress Advances Russia-Iran Sanctions to Squeeze Putin's Oil Revenue
The Senate passed a sweeping Russia-Iran sanctions package 86-11. The House moved to advance it August 10 as oil markets brace for tighter supply.
Brent Crude Tops $90 as Iran-U.S. Deal Hopes Fade
Brent crude climbed above $90 per barrel Tuesday as stalled Iran-U.S. negotiations, a Houthi ship attack, and renewed Chinese demand combined to tighten global oil markets.
Oil Near One-Week Highs as Iran Talks Stall on Compensation Dispute
Trump demands fifty years of financial reparations from Iran as Strait of Hormuz negotiations stall, pushing crude to near one-week highs while Asian stocks drift.
Iran Halts Ships in Hormuz Strait, Sending Oil Prices Higher
Tehran said it is stopping vessels in the Strait of Hormuz, sending crude prices higher and raising alarms about a chokepoint that carries one-fifth of global seaborne oil.
Oil Slides More Than 5% After US Pauses Strikes on Iran
Crude prices fell over 5% on Sunday as US and Iran extended a pause in strikes for a second day, unwinding weeks of war-risk premium built into oil markets, Reuters reported.
The Double Chokehold: How the Houthis Turned Saudi Arabia's Oil Escape Route Into a Second Front
The US-Iran war this week crossed a threshold markets had feared: both the Strait of Hormuz and the Red Sea's Bab el-Mandeb are now simultaneously disrupted, and the Saudi infrastructure built to bypass the first crisis is now the target of the second.
Brent Crude Hits One-Month High as Hormuz Tanker Traffic Collapses
Brent hit $85.92 Friday — a one-month high — as IRGC attacks on Hormuz radar sites and Washington's Iran sanctions deadline drained tanker traffic to two-month lows.
Brent Surges Past $86 After Iran Strikes UAE Tankers in Hormuz
Oil prices jumped 3% to a one-month high after Iranian forces struck two UAE-flagged tankers in the Strait of Hormuz, leaving one sailor dead and eight wounded.
OPEC Cuts 2026 Oil Demand Growth Forecast Again
OPEC again lowered its 2026 global oil demand growth forecast, a bearish demand signal landing just as conflict around the Strait of Hormuz drives supply-side anxiety higher.
Oil Jumps 3% as U.S.-Iran Strikes Escalate Over Hormuz
Crude oil surged more than 3 percent after the United States and Iran traded fresh strikes Sunday, with Tehran accusing Washington of breaching a June ceasefire pact.
Oil Tops Two-Week High After U.S. Launches Fresh Strikes on Iran
Crude prices jumped more than a dollar per barrel after the U.S. launched fresh strikes against Iran, exposing market complacency about the conflict's supply risks.
New York Opens at Hour 40: Oil Traders Price an Unverified Halt
US energy futures began their first New York session since the Iran exchange cycle with all three halt verification tests still open and no official statement from Tehran.
Oil Markets Face Reckoning After Hormuz Cargo Ship Strike
Crude had erased its war premium Thursday, trading at pre-conflict lows. A projectile strike on a cargo ship in the strait reverses that bet overnight.
Oil Falls to Pre-War Levels as Markets Price a Hormuz Deal
Crude erased its war-risk premium Thursday, falling to pre-conflict levels — a market bet that the Versailles framework delivers a deal before IRGC enforcement resumes.
Hormuz Control Emerges as Friction Point in Draft Iran Deal
Tehran says no final decision has been made on a draft memorandum with Washington, and Iran's state media signals it will not cede control of the Strait of Hormuz. Israel says it was not consulted.
Brent Crude Slides 4% as Trump Cancels Iran Strikes
Brent fell more than 4% in European trade Friday after President Trump cancelled planned strikes on Iran and said a settlement was near. Goldman Sachs cut its 2027 forecast as the war-risk premium unwound.
Markets price de-escalation as Hormuz closes and strikes resume
Oil traders are net short. Gold is in a bear market. The trade says the Iran cycle ends with a deal. Here is what the positioning shows — and what would break it.
Oil Spikes, Futures Slide as Iran Missile Barrage Tests Ceasefire
Crude jumped and U.S. stock futures fell Sunday night after Iran fired missiles at Israel, even as OPEC+ approved a 188,000 bpd July supply boost.
UN Warns Iran War Pushing 45 Million Into Food Crisis
The World Food Programme says 45 million additional people face acute hunger as the US-Iran conflict disrupts oil shipments, spikes fuel costs, and strains humanitarian supply chains worldwide.
IRGC Says Opponents Must Adapt to 'New Rules' in Strait of Hormuz
Iran's Revolutionary Guard signaled a hardened posture over Strait of Hormuz transit Thursday, warning rivals to accept "new rules" as US-Iran talks stall and a House war-powers vote rattles Washington.
Israel and Lebanon Renew Ceasefire as Trump Splits Diplomatic Tracks
A renewed Israel-Lebanon ceasefire backed by Washington gives Trump a diplomatic win while he works to separate Hezbollah talks from tougher US-Iran nuclear negotiations.
Brent Nears $100 as Hormuz Crisis Drives US Gas Prices Up 42%
Brent crude approaches $100 a barrel as US petrol prices surge 42.2% year over year. China draws down its strategic stockpile while demand destruction offers the only brake on further gains.
US Strikes Iran's Qeshm Island; Iran Retaliates Against Kuwait, Bahrain
The US military struck a communications tower on Iran's Qeshm Island in the Strait of Hormuz. Iran retaliated with missiles and drones targeting Kuwait and Bahrain, triggering warning sirens across both Gulf states.
HSBC Warns of Oil 'Super-Squeeze' as Hormuz Nears Tipping Point
HSBC says the Strait of Hormuz disruption has created a super-squeeze in physical oil markets that could trigger sharp price spikes as global inventories run dangerously low.
IRGC Says 15 Ships Passed Hormuz With Its Permission
Iran's IRGC Navy says 15 vessels including four oil tankers transited the Strait of Hormuz in the last 24 hours only after receiving IRGC permission, asserting de facto control over the world's most critical oil chokepoint.
Trump Sends Iran Deal Back for Revisions as Oil Tops $94
Trump submitted a revised Iran proposal with stricter nuclear and Hormuz provisions as Brent crude topped $94 and the IRGC warned that cooperation with hostile forces near the strait would be treated as a security threat.
Israel Orders Beirut Strikes, Seeks US Approval for Wider Air Campaign
Netanyahu ordered strikes on Beirut's southern suburbs and asked Washington to greenlight large-scale airstrikes on the Lebanese capital, escalating beyond the current ground offensive.
Iran Strikes US Military Base in Kuwait After Gulf Coast Raids
Iran's IRGC said it targeted a US military base in Kuwait in retaliation for American strikes on Iranian drone and radar sites along the Gulf coast, marking the first direct Iran-to-US base exchange in the current conflict.
Bessent: No Sanctions Relief Until Hormuz Opens, Iran Surrenders Uranium
Treasury Secretary Scott Bessent laid out Washington's firm preconditions for any Iran sanctions relief, warning that Hormuz and uranium must come first.
Centcom Strikes Iranian Boats Near Larak as Rubio Says Strait Opens 'One Way or the Other'
US forces struck Iranian missile sites and small boats US officials said were laying mines near Larak Island, even as Iranian negotiators sat down in Doha. Rubio said a deal could take days.
Iran Says Deal With US 'Not Imminent' as Israel Calls Framework a Failure
Tehran walks back the weekend's deal timeline and rejects linking frozen assets to nuclear talks, while Israeli officials publicly brand the emerging framework a failure.
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.