Oil News and Energy Market & Crude Price Updates
Iran warns of wider seaway blockade as U.S. renews pressure
Iran threatened to widen its campaign against energy shipping on Wednesday after the U.S. reimposed a naval blockade of Iranian ports. The warning raised the risk that the conflict could move ...
U.S. gasoline prices may climb toward $4 a gallon as Strait of Hormuz disruption lifts oil
Rising tensions in the Middle East are pushing U.S. fuel costs higher again, raising the prospect that motorists will soon face gasoline prices above $4 a gallon. The increase adds fresh pressure ...
Trump escalates Iran conflict with renewed strikes and Hormuz toll threat
With diplomacy between Washington and Tehran reversing course after last month’s memorandum of understanding, Donald Trump resumes military pressure on Iran and signals further action. The shift ...
Crude gains as Hormuz blockade fears lift risk premium
Oil prices climbed to their highest level in about a month on Tuesday as the U.S. and Iran stepped up military action around the Strait of Hormuz. The renewed escalation put traders back on ...
Oil markets jump as U.S. reinstates Hormuz blockade, seeks 20% cargo toll
Rising tensions in the Gulf are pushing energy and shipping risks back to the center of global markets as Washington intensifies pressure on Iran. The renewed blockade in the Strait of Hormuz, ...
Hormuz shipping traffic falls as conflict disrupts Gulf energy corridor
Commercial shipping through the Strait of Hormuz is shrinking sharply as fighting between the U.S. and Iran intensifies around one of the world’s most important oil transit routes. Vessel ...
London FTSE 100 holds steady as oil rally lifts energy shares
London equities are broadly flat in early trading as higher oil prices support energy stocks and counter weakness in financial names. Investors are also weighing renewed military exchanges between ...
Oil rises as U.S.-Iran strikes threaten Hormuz shipments
Oil prices jumped Monday as renewed U.S.-Iran strikes threatened shipping through the Strait of Hormuz, one of the world’s most important energy routes. The rally showed that traders are ...
Hormuz tensions rise after new U.S. and Iran attacks
The United States and Iran exchanged fresh strikes overnight into Monday, deepening a fight over control of the Strait of Hormuz and raising new doubts about a fragile ceasefire. Both sides ...
U.S. launches fifth round of Iran strikes as Hormuz shipping risks intensify
Military tensions in the Gulf are rising further as U.S. forces carry out another wave of attacks on Iran during a fragile ceasefire. The latest escalation centers on the Strait of Hormuz, a ...
Oil market keeps risk premium as Hormuz traffic stalls
Oil prices were on course for a weekly gain Friday as renewed U.S.-Iran fighting kept traders focused on the risk of disrupted energy flows through the Strait of Hormuz. Prices pulled back from ...
Delta Air Lines reports weaker quarterly profit as fuel costs surge
Rising travel demand lifts Delta Air Lines' second-quarter revenue, but the airline's earnings come under pressure as jet fuel prices spike during the Iran war. The results offer an early sign of ...
UAE oil output hits record high as Abu Dhabi pushes beyond OPEC limits
The United Arab Emirates raised crude production to a record in June, showing how aggressively Abu Dhabi moved to restore flows after the Iran war disrupted Persian Gulf exports. The surge also ...
U.S.-Iran ceasefire strains but talks remain alive
The United States said technical talks with Iran are still continuing, even after two days of military exchanges that pushed a fragile ceasefire close to collapse. The message appears aimed at ...
U.S. shale producers eye deeper reservoirs as drilling costs fall
As growth from prime shale acreage slows, deeper reservoirs are emerging as a potential new source of U.S. oil and gas development. Lower drilling costs and improved technology are reshaping the ...
Brent and WTI fall as traders reassess Iran supply risks
Oil prices turned lower Thursday after a sharp rally triggered by fresh U.S. strikes on Iran and renewed fears of disruption around the Strait of Hormuz. The pullback showed traders were still ...
Hormuz crossings plunge as U.S. and Iran tensions rise
Ship traffic through the Strait of Hormuz slowed to a near standstill Thursday, underscoring how quickly a fragile U.S.-Iran truce is giving way to renewed maritime risk. The slowdown followed ...
Chevron offers shale output technology to U.S. oil producers
Amid pressure to sustain shale well performance, Chevron is opening a proprietary chemical technology to other oil producers in a move aimed at lifting U.S. crude output. The company says the ...
Trump says Iran ceasefire is effectively finished
President Donald Trump said the U.S. ceasefire with Iran is effectively over, sharply raising the risk of renewed conflict between Washington and Tehran. His comments came after U.S. forces ...
Oil prices rise after U.S. launches new Iran strikes
Oil prices rose sharply Wednesday after the United States launched new strikes against Iran, reviving fears that the fragile Middle East ceasefire could start to unravel. The escalation ...
U.S. revokes Iranian oil sales license after Strait of Hormuz attacks
Washington is tightening pressure on Iran after attacks on commercial tankers in and near the Strait of Hormuz rattled energy markets and raised the stakes for ongoing diplomacy. The U.S. says it ...
