Brent crude fell to $73.98 and WTI dropped below $70 on Wednesday as 20 million barrels cleared the Strait of Hormuz in 24 hours and the US authorised Iranian oil sales.

2d ago · 4 min · Markets

Iran has declared the Strait of Hormuz shut, with ship tracking data confirming a sharp fall in transits through the waterway that carries roughly 20 percent of global oil supply.

6d ago · 4 min · Global Affairs

Oil prices fell Friday after President Trump announced a framework agreement with Iran, raising hopes of eased Middle East tensions and more Iranian crude supply. Tehran's pushback on the deal's characterisation keeps the outcome uncertain, and markets may reverse course if talks stall.

9d ago · 3 min · Global Affairs

Asian stock markets surged and oil prices fell after the United States and Iran confirmed a deal to end hostilities and reopen the Strait of Hormuz. The agreement removes a major threat to global energy supply, cutting oil import costs for Asia and easing inflation pressure across key economies.

15d ago · 3 min · Global Affairs

The U.S. and Iran exchanged fire for a second time in three days near the Strait of Hormuz, with each side disputing who provoked the clash. Oil prices rose on the news, and the incidents are casting serious doubt on ongoing diplomatic talks between the two countries.

1mo ago · 3 min · Global Affairs

Brent crude fell below $95 a barrel on Wednesday, dropping roughly 5%, after signals of progress in US-Iran talks raised hopes that Iran could reopen shipping through the Strait of Hormuz.

1mo ago · 3 min · Global Affairs

Global oil prices rose roughly 3% after U.S. military strikes on Iran raised fresh fears of supply disruption, with the Strait of Hormuz remaining partially restricted. The move puts pressure on oil-importing economies and clouds prospects for a diplomatic deal that could have added Iranian supply to global markets.

1mo ago · 3 min · Global Affairs

Brent crude crossed $100 a barrel after fresh US strikes on Iran and Tehran's warnings raised the risk of disruption to the Strait of Hormuz, the route for roughly a fifth of global oil trade. The move reverses optimism around a US-Iran deal and raises inflation risk for oil-importing economies.

1mo ago · 3 min · Markets

Crude oil prices have jumped after the Strait of Hormuz, the world's most critical oil shipping route, remained closed. The disruption threatens global supply and could push up fuel costs, inflation, and import bills across oil-dependent economies.

1mo ago · 3 min · Global Affairs

Iran has deployed a fleet of small fast boats in the Strait of Hormuz after US-Israeli raids destroyed most of its conventional navy. The move threatens passage through a waterway that carries roughly 20 percent of global oil trade, with likely knock-on effects on energy prices and shipping costs.

1mo ago · 3 min · Global Affairs

Morgan Stanley warned oil markets face a tightening supply crunch if the Strait of Hormuz stays closed into late June or July, calling it a "race against time." Current inventory buffers can absorb short-term disruption, but will weaken if the closure extends further, pushing crude prices higher.

1mo ago · 2 min · Markets

Israeli Prime Minister Netanyahu says the war with Iran is "not over" as the conflict enters its second month with no peace deal in sight. The prolonged fighting has already driven up oil and gas prices in the U.S. and globally, squeezing consumers and adding geopolitical risk to markets.

1mo ago · 2 min · Global Affairs

The Iran conflict has exposed how dependent global trade is on a small number of vulnerable shipping chokepoints. Rising war-risk insurance premiums, longer rerouting distances, and concentrated lane capacity are pushing up costs for energy, manufacturing, and consumer goods worldwide.

1mo ago · 2 min · Global Affairs

US oil prices jumped as tensions between the US and Iran intensified, stoking fears of supply disruptions near the Strait of Hormuz. Sustained price gains could push up fuel costs and complicate inflation management for central banks.

1mo ago · 2 min · Global Affairs

Oil prices dropped after reports that the US and Iran are nearing a peace agreement, which could lift sanctions and allow more Iranian crude into global markets. Higher expected supply is pushing prices lower, with potential relief for oil-importing economies like India.

1mo ago · 2 min · Global Affairs

US and Iranian forces exchanged fire in the Strait of Hormuz, sending Brent crude prices higher. The strait carries roughly 20% of global oil supply, so any sustained disruption risks fuel price increases across major importing economies including India.

1mo ago · 2 min · Global Affairs

Oil prices surged and global stocks dropped after U.S. and Iranian forces clashed, threatening peace talks that markets had been counting on to end a ten-week conflict. The earlier rally, built on hopes of a quick resolution, reversed sharply as traders priced in the risk of a prolonged standoff.

1mo ago · 2 min · Global Affairs

Trump says the US-Iran ceasefire is still in place after an exchange of fire in the Strait of Hormuz. Iran alleges the US struck an oil tanker and coastal areas, raising fears of disruption to a waterway that carries roughly 20% of global oil supply.

1mo ago · 2 min · Global Affairs

U.S. and Iranian forces exchanged fire in the Strait of Hormuz on Friday, sending oil prices higher. The incident raises the risk that the ceasefire between the two countries is unraveling, threatening supply through the world's busiest oil chokepoint.

1mo ago · 2 min · Global Affairs

Brent crude fell as much as 12% to $96.75 a barrel and WTI dropped up to 13% after Iran indicated it was weighing a new US proposal to end the war. The prospect of a diplomatic deal raised expectations that Iranian oil exports, currently curtailed by sanctions, could return to global supply.

1mo ago · 2 min · Markets