Oil News and Energy Market & Crude Price Updates
Oil falls 3% as Lebanon ceasefire lifts Iran deal hopes
Oil prices fell about 3% Thursday after reports that President Donald Trump is reluctant to restart a full-scale war with Iran. The decline reflected a shift in market expectations: traders saw ...
Oil falls as Israel-Lebanon ceasefire eases Gulf risk
Oil prices fell Thursday after Israel and Lebanon agreed to implement a ceasefire, raising hopes that wider diplomacy involving the United States and Iran could regain momentum. The pullback ...
Oil rises as Iran targets Kuwait and Bahrain
Oil prices climbed Wednesday after Iran fired missiles and drones toward Kuwait and Bahrain and the United States carried out new strikes on Iran’s Qeshm Island near the Strait of Hormuz. The ...
Oil stays elevated as Trump seeks to keep Iran talks alive
President Donald Trump moved to restrain Israel’s planned escalation in Lebanon after Iran threatened to halt talks with the United States, adding another complication to efforts to end the ...
EU may keep Russian oil cap unchanged in July sanctions review
The European Union is considering maintaining the current G7 price cap on Russian crude at about $44 per barrel as oil markets remain strained by the Iran war and higher energy prices. The ...
Kuwait activates air defenses as U.S.-Iran strikes
Oil prices climbed Monday after the United States and Iran exchanged strikes, renewing concern that the three-month war could widen even as diplomats continue talks on a cease-fire. The latest ...
Oil climbs as U.S. and Iran trade fire
Oil prices rose Monday after the United States said it struck Iranian military sites and Tehran said it retaliated against a U.S.-used air base, adding new strain to a fragile cease-fire. The ...
Hormuz deal awaits Trump decision as oil falls
U.S. and Iranian negotiators have agreed on the outline of a deal to extend the ceasefire, but the document still requires a decision from President Donald Trump and final confirmation from ...
U.S. expands sanctions on Iran oil and petrochemical network
Washington is intensifying its pressure campaign on Iran by targeting companies, individuals and vessels tied to the country’s oil and petrochemical trade. The measures aim to curb revenue that ...
U.S. expands sanctions on Iran shadow oil network
Washington is intensifying its campaign to cut off revenue that the Iranian government uses to support regional military activity and terrorism. The latest measures target entities, individuals ...
U.S. Treasury expands sanctions on networks supporting Iran military oil sales
Washington is escalating financial pressure on Iran’s energy trade as the U.S. targets revenue streams tied to the rebuilding of Tehran’s armed forces. The new measures focus on front ...
EU warns jet fuel market could tighten if Hormuz disruption persists
European Union energy officials say fuel markets are so far absorbing the effects of tensions around the Strait of Hormuz through higher prices rather than supply shortages. They add that if ...
China oil imports may fall to pandemic-era lows
Chinese oil imports may fall to their lowest level since the pandemic, and the war around Iran has only made that shift more visible. For the global market, this is a worrying signal: the ...
Oil rises 3% after new U.S. and Iran strikes
Hopes for a near-term agreement on the Strait of Hormuz have nearly vanished after a new round of military escalation between the U.S. and Iran. The oil market quickly restored its risk ...
Trump rejects Iran uranium transfer to Russia or China as U.S.-Iran talks weigh on oil
Amid efforts to reach at least a short-term agreement to end the three-month-old war, President Donald Trump says he opposes any arrangement that would send Iran's highly enriched uranium to ...
Midday trading highlights sharp moves in airlines, cybersecurity and retail stocks
U.S. equities are seeing wide midday swings as lower oil prices lift travel names while earnings guidance and contract updates drive sharp stock-specific moves. The session features gains in ...
Markets bet on Iran de-escalation as AI stocks extend rally
Global markets got a rare break from geopolitical pressure: oil fell sharply after reports of a possible temporary agreement on Iran, while stocks stayed near record levels. Investors were ...
Chevron shareholders reject board chair split proposal
Chevron investors are voting in line with management at the company’s annual meeting in Houston on Wednesday, reinforcing the oil major’s current governance structure. Preliminary results also ...
Oil falls as U.S. touts progress on Iran deal
Washington says talks with Iran are making progress, but the oil market remains hostage to headlines from the Strait of Hormuz. After a new round of strikes and mutual accusations, investors ...
UK gilt yields ease as political risks and rate hike expectations recede
UK government bond yields fall to five-week lows as pressure on Prime Minister Keir Starmer eases and investors scale back expectations for further Bank of England tightening. Optimism over a ...
Oil gains as U.S. strikes add uncertainty to Iran talks
The oil market turned higher again after new U.S. strikes on targets in Iran. Hopes for a quick agreement to reopen the Strait of Hormuz remain, but the military escalation showed that a deal ...
