Oil Drops to Four-Month Low
Oil prices fell sharply as hopes grew for a Hormuz reopening agreement between the US and Iran.
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Oil Falls to April Lows on Trump Signals
Oil fell sharply after Trump signaled progress toward a potential peace deal with Iran.
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Rystad Warns Oil May Climb Towards $150
Rystad Energy estimated that if U.S.-Iran 'hostilities were to resume in earnest', oil prices could 'move towards $150 per barrel'.
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USA Strikes Iran
The U.S. military launched strikes against 'multiple' targets in Iran for the second straight day.
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Oil Climbs as Trump Warns Iran
Oil prices rose after Trump warned Iran of further US attacks.
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Iran Linked Oil Tanker Suffers Fire
A tanker that has previously carried Iranian oil suffered a fire in the Gulf of Oman, maritime security companies and local navies said.
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Suez Canal Gets Oil Tanker Boost
The number of oil tankers crossing Egypt's Suez Canal surged by almost a third in April and drove revenue to the highest since early 2024.
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War Erases 1B Barrels of Cumulative Oil Supply from Market
'Cumulative losses have now reached one billion barrels and are on track to nearly double by year-end under our base case', Rystad Energy MENA Research Director Aditya Saraswat said.
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Oil Futures Volatility Returns
Crude markets swung lower despite ongoing supply disruptions.
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Kuwait Offers Oil to Asian Buyers for 1st Time Since War
Kuwait is offering to sell its crude to refiners in Asia for the first time since the Iran war started.