8/1/2026 9:13:53 AM (Volume: 43 / Issue: 8)
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Tag: crude

Energy, Oil & Gas

Oil prices tumble as US-Iran pause raises hopes for talks

Oil prices fell sharply on Monday after the United States and Iran halted hostilities over the weekend, raising hopes that a diplomatic breakthrough could ease tensions in the Middle East. However, shipping through the region's two critical maritime chokepoints – the Strait of Hormuz and the Bab al-Mandeb Strait – remains severely disrupted, keeping concerns over global energy supplies alive....

Energy, Oil & Gas

Oil tops $90 a barrel as renewed Gulf uncertainty rattles market

Oil prices surged above $90 a barrel on Monday as the escalating military confrontation between the United States and Iran heightened concerns over supplies from the Gulf, with shipping through the Strait of Hormuz remaining severely disrupted following another night of attacks....

Energy, Oil & Gas

Oil climbs as Hormuz tensions deepen; Iran threatens to halt Gulf energy exports

Oil prices extended gains on Wednesday as fears of a prolonged disruption to energy supplies through the Strait of Hormuz intensified following the United States' reimposition of a naval blockade on Iranian ports and fresh threats from Iran's Islamic Revolutionary Guard Corps (IRGC) to shut down regional oil and gas exports....

Energy, Oil & Gas

Oil prices surge as US-Iran strikes intensify, raising fears over Hormuz shipping

Oil prices jumped sharply at the start of Asian trading on Monday after the United States launched a second consecutive night of strikes on Iranian military targets and Tehran retaliated with fresh attacks, heightening fears of disruption to crude shipments through the Strait of Hormuz, the world's most important oil transit chokepoint....

Energy, Oil & Gas

Oil prices continue to decline on export surge hopes

Oil prices further declined on Wednesday, extending the previous session's losses following the US-Iran interim peace deal which is expected to allow free passage for vessels through Strait of Hormuz....

Energy, Oil & Gas

Oil prices extend decline over US-Iran deal

Oil prices extended their decline on Tuesday, although they initially staged a modest recovery after plunging nearly 5% in the previous session following reports of a breakthrough agreement between the United States and Iran....

Energy, Oil & Gas

Opec+ likely to further increase output target

OPEC+ oil-producing countries will likely agree a ‌further hike in their output target for July when they meet on Sunday, Reuters said quoting three sources....

Energy, Oil & Gas

Opec+ to raise oil output by 188,000 barrels

Seven OPEC+ countries will raise oil output targets by 188,000 barrels per day in June, the third consecutive ​monthly increase, OPEC+ said in a statement. ...

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