Oil News and Energy Market & Crude Price Updates
Trump says Strait of Hormuz will remain open and toll-free
President Donald Trump said Iran had assured the United States that ships would not face tolls, insurance charges or other fees to pass through the Strait of Hormuz. The claim pushed the ...
Oil drops as Trump presses companies over gasoline prices
Oil prices fell again on Wednesday as traders priced in a lower risk of supply disruption through the Strait of Hormuz. The decline came as President Donald Trump accused major oil companies of ...
Trump targets oil companies over fuel pricing as crude pulls back
Lower crude prices are intensifying scrutiny of how quickly fuel costs are passed through to consumers in the U.S. President Donald Trump says oil companies are keeping pump prices too high and ...
U.S.-Iran talks set foundation for Hormuz reopening and conflict de-escalation
Fresh diplomacy between Washington and Tehran is focusing on energy security and regional stability as the Strait of Hormuz remains largely shut after more than 100 days of war. The talks come as ...
Wall Street futures slide as rate hike bets and AI spending concerns hit tech sentiment
Global markets are under pressure as investors reassess risk across equities, commodities and bonds ahead of key U.S. economic data. Nasdaq-linked futures lead the declines on Tuesday as worries ...
Oil market slips despite lingering risks around Iran deal
Oil prices slipped on Tuesday as investors looked past the initial relief from U.S.-Iran peace talks and waited for firmer signs that crude shipments through the Strait of Hormuz were returning ...
U.S. authorizes Iranian oil imports as Trump ties funds to agricultural purchases
Washington is easing parts of its economic pressure on Iran as talks between the two countries produce initial steps on trade and sanctions. President Donald Trump says unfrozen Iranian funds are ...
U.S. Interior proposes cutting federal drilling compliance costs
The Trump administration is moving to ease operating requirements for oil and gas companies on federal lands as it pushes to expand domestic fossil fuel production. The proposal includes a sharp ...
Oil falls below $80 after U.S.-Iran talks progress
Oil prices fell Monday after U.S.-Iran talks in Switzerland produced signs of progress toward a broader peace deal and a mechanism to keep commercial shipping moving through the Strait of ...
Iran tightens rules for Hormuz ship transit
Iran has moved to formalize control over ship traffic through the Strait of Hormuz, issuing rules that require vessels to obtain permission and carry insurance arranged through Tehran. The ...
Oil gains after new U.S.-Iran talks are called off
Oil prices rose in volatile trading Friday after follow-up talks between the United States and Iran were postponed, tempering hopes that an interim ceasefire could quickly turn into a durable ...
U.S. gasoline prices extend decline as Iran deal eases oil supply fears
Average gasoline prices in the U.S. fall below $4 per gallon for the first time since March 30 as expectations grow for higher oil flows through the Strait of Hormuz. The drop follows 28 straight ...
First oil tankers cross Strait of Hormuz after U.S.-Iran agreement
Three Saudi-flagged supertankers carrying 6 million barrels of oil passed through the Strait of Hormuz on Thursday. This happened just hours after U.S. President Donald Trump signed an ...
U.S.-Iran agreement sends oil prices lower
Oil prices fell Thursday after the U.S. and Iran signed an interim agreement aimed at ending the war and reopening the Strait of Hormuz, shifting the market’s focus from wartime disruption to ...
Federal Reserve policy signals and Iran-U.S. deal weigh on markets
Investors are assessing a mix of monetary policy uncertainty and easing geopolitical risk as Kevin Warsh leads his first Federal Reserve meeting and Washington moves toward an agreement with Iran. ...
Devon Energy draws activist interest after Coterra merger as Permian deal pressure builds
Fresh activist interest is gathering around Devon Energy as consolidation accelerates across the U.S. shale sector following its merger with Coterra Energy. The company now controls nearly 750,000 ...
IEA warns of weaker oil demand and supply surplus by 2027
The oil shock triggered by the Iran war has weakened global crude demand, but the market could soon face the opposite problem. The International Energy Agency said Wednesday that a lasting ...
Oil falls as Hormuz uncertainty keeps traders cautious
Oil prices slipped Wednesday as investors weighed a tentative U.S.-Iran peace deal against unresolved questions over the full reopening of the Strait of Hormuz. The agreement has removed part ...
U.S. senators press Trump to end Russian oil sanctions waiver
With a U.S. sanctions waiver tied to Russian oil set to expire on June 17, two senior Democratic senators are urging President Trump not to renew the measure. They argue that another extension ...
U.S. oil pullback points to slower inflation, but household price relief may lag
Oil prices are retreating after a tentative agreement to reopen the Strait of Hormuz, easing immediate pressure on U.S. fuel costs. The shift is likely to reach gasoline prices first, while food, ...
Oil slips as U.S.-Iran deal raises hopes for Hormuz reopening
Oil extended its decline as traders weighed a tentative U.S.-Iran agreement against the difficult work of reopening the Strait of Hormuz. Diplomacy can remove part of the war premium from ...
