Topic
oil markets
60 stories related to this topic, newest first.
The Sydney Morning Heraldbusiness1 hr ago
China Oil Imports Cut by One-Third During Iran Conflict
China reduced daily oil imports by roughly one-third while the Strait of Hormuz was closed. State-owned energy companies kept large stockpiles and did not draw on strategic reserves. The import slowdown helped ease global price pressure during the conflict.
newser.comfinance9 hrs ago
Brent crude futures rise above $81 a barrel after U.S.-Iran truce
Brent crude futures climbed more than $1 a barrel to $81.66 by 22:06 GMT Sunday. Markets assessed the effect of the recently signed U.S.-Iran agreement on oil supplies.
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azernews.azpolitics11 hrs ago
U.S. President States Hormuz Strait Remains Open for Oil Shipments
The U.S. president posted on social media that the Strait of Hormuz is open and oil continues to flow. The statement follows recent regional tensions affecting maritime traffic through the waterway.
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New York Postfinance17 hrs ago
India Crude Price Rose from $69 to $114 per Barrel After Hormuz Closure as U.S. Became Top LNG Supplier
India’s weighted average crude price jumped after the Strait of Hormuz closed in March. The United States became its top LNG and LPG supplier while New Delhi reviews long-term energy plans.
The Guardianpolitics1 day ago
Australia Petrol Prices Fall Below Pre-Conflict Levels After Middle East Supply Disruption
Petrol prices in Australia have dropped below levels recorded before the Middle East conflict began. Supply adjustments and government measures contributed to the decline.
foxnews.comscience3 days ago
U.S.-Iran Framework Lets Iran Resume Oil Sales Under Conditions That Can Be Revoked
President Trump signed the agreement this week. Iran’s oil and fuel exports could generate an estimated $60 billion annually under the deal.
rigzone.comfinance3 days ago
Asian Refiners Struggle to Book Tankers for Gulf Crude After Deal
PetroChina, Indian Oil, and Sinochem encountered high tanker rates and limited availability when seeking vessels to move Iraqi and Gulf crude to Asia. The companies cited costs nearly triple pre-conflict levels and uncertainty over transit terms.
activistpost.compolitics3 days ago
Oil Shipments Through Strait of Hormuz Reach 12.5 Million Barrels
Vice President JD Vance said 12.5 million barrels of oil passed through the Strait of Hormuz overnight. The U.S. Navy lifted its blockade, and the Federal Energy Regulatory Commission ordered six grid operators to review data-center connection rules.
realitytea.comfinance4 days ago
Traders Await U.S.-Iran Talks on Strait of Hormuz Access
Traders are monitoring upcoming talks between U.S. and Iranian officials scheduled for Friday in Switzerland. An initial agreement and 60-day cease-fire are expected to follow the meeting.
al-monitor.comfinance5 days ago
Oil Falls Below $80 a Barrel on Deal to Reopen Strait of Hormuz
Crude prices dropped more than five percent Tuesday after reports that Washington may ease sanctions on Iranian oil as part of a peace agreement. Brent crude reached a three-month low under $79 a barrel while West Texas Intermediate fell 5.9 percent to $75.97.
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asiaone.comworld5 days ago
Republicans link potential Iran deal to lower gasoline prices
Republican lawmakers expressed hope that renewed talks with Iran could ease pressure on U.S. fuel costs. Analysts cited in the coverage note that any price relief may arrive after recent market shifts have already occurred.
theiranproject.comfinance6 days ago
U.S. and Iran Reach Framework Deal but Full Reopening of Strait of Hormuz Still Pending
Brent crude fell more than four percent Monday after officials announced a tentative deal. Implementation awaits a signing scheduled for Friday in Switzerland.
The Independentpolitics6 days ago
Oil prices fall after U.S.-Iran provisional deal opens Strait of Hormuz
Oil prices dropped following a provisional peace agreement between the United States and Iran that would reopen the Strait of Hormuz. The deal follows three months of disrupted shipping that raised U.S. gasoline prices above $4 per gallon.
rediff.comfinance6 days ago
LNG Tanker Disha Clears Strait of Hormuz After U.S.-Iran Deal
An LNG carrier passed through the Strait of Hormuz on Monday, the first energy tanker to transit since the U.S. and Iran announced a deal to reopen the waterway. Oil prices fell after the announcement, with Brent Crude at $82 per barrel and WTI Crude below $80.
insidermonkey.comfinance6 days agoUpdated
U.S. Average Gasoline Price Falls to $3.99 per Gallon After Trump Announces Iran Agreement
The U.S. average price of regular gasoline dropped below $4 for the first time in months, reaching $3.99 per gallon after declining 9.3 cents last week and 52.4 cents over the past month.
Benzingafinance8 days ago
Brent Crude Falls to $84 as Traders Await Possible U.S.-Iran Deal
Brent crude traded at $84 per barrel on June 13, its lowest level since April 17. West Texas Intermediate crude reached $81 after three straight sessions of declines.
dnaindia.comfinance9 days agoUpdated
Jaishankar Says U.S. Asked India to Buy Russian Oil in 2022, Later Urged Cuts and Imposed Tariffs
Indian Foreign Minister S Jaishankar said the U.S. asked India to purchase Russian crude in 2022 to stabilize markets. Russia remains India's top oil supplier four years later.
indiatoday.intoday.inpolitics10 days ago
Trump Cancels Planned Strikes on Iran After Talks Approved
President Trump called off scheduled strikes on Iran after discussions with Iranian leadership reached the highest levels. Oil prices fell more than 3 percent on the announcement.
Forbespolitics11 days agoUpdated
U.S. and Iran Exchange Strikes for Second Day
U.S. forces targeted surveillance, communications and air-defense sites in three countries. Iran responded with missiles and warned it would close the Strait of Hormuz.
france24.comfinance13 days ago
Ex-IEA Chief: Hormuz Closure Triggers Third Oil Shock Centered on Asia, Accelerating Global Electrification
Former IEA chief Nobuo Tanaka warned that Asia will bear the brunt of the energy crisis caused by the closure of the Strait of Hormuz amid the war in the Middle East.
theiranproject.comfinance4 days agoUpdated
Iranian Official Says Hormuz Strait Will Reopen with New Transit Fees
Iran’s ambassador to Russia stated the Strait of Hormuz will reopen under new conditions set by Iran and Oman, including transit fees. Oil shipments through the waterway have fallen 90-95 percent since the war began on February 28.
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realclearmarkets.comfinance14 days ago
OPEC+ Agrees to Increase Oil Output by 188,000 Barrels Per Day
The core OPEC+ group agreed to increase production next month even as the Strait of Hormuz remains closed. The move is described as largely symbolic because most Gulf crude cannot reach buyers.
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rte.ieworld14 days ago
Hormuz Blockade Strands One-Fifth of Global Oil Supply as OPEC+ Approves Modest July Output Increase
Major OPEC+ members agreed to raise collective production quotas by 188,000 barrels per day for July. The increase remains largely symbolic because the Strait of Hormuz is closed, preventing most Persian Gulf exports from reaching markets.
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Bloombergworld15 days ago
Oil stays below $100 despite Strait of Hormuz shipping limits
Traders have kept crude prices under the $100 mark even after shipping through the Strait of Hormuz faced restrictions. Multiple alternative routes and supply adjustments are in use.
indianexpress.comfinance17 days ago
Saudi Energy Minister Calls for Stability in Global Oil Markets
Saudi Energy Minister Prince Abdulaziz bin Salman met with Russian Deputy PM Alexander Novak and urged stability in energy markets. Ongoing conflicts in Iran and Ukraine have disrupted supplies and raised oil prices.
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etftrends.comfinance17 days ago
Brent and WTI Crude Futures Fall More Than 3 Percent
Oil futures extended losses after reports of possible progress toward a U.S.-Iran agreement. Brent crude and West Texas Intermediate both declined over three percent in early trading.
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upi.compolitics18 days ago
Iran Launches Missiles and Drones at Kuwait Airport, Killing One
Kuwait reported one death and 63 injuries after Iran fired 13 missiles and 17 drones at its international airport. Iran said the attack targeted U.S. bases in retaliation for recent American strikes.
thehindu.comfinance19 days ago
China Crude Imports Fall 44 Percent in May Amid Iran Conflict
Chinese crude oil imports averaged 6.36 million barrels per day in May, down from 11.39 million barrels per day in February. Refiners drew on stockpiles estimated at one billion barrels to maintain processing levels.
france24.comfinance20 days ago
U.S. Forces Intercept Iranian Missiles Targeting Troops in Kuwait
Oil prices jumped after Iranian state media said Tehran would block the Strait of Hormuz. U.S. Central Command reported intercepting two Iranian ballistic missiles aimed at American troops in Kuwait.
naturalnews.compolitics20 days ago
House to Vote on Geothermal Bill as Oil Prices Rise After U.S.-Iran Tensions
The House of Representatives is scheduled to vote on a geothermal energy omnibus bill as soon as tomorrow. Oil prices increased after renewed strikes between the U.S. and Iran, then partially retreated following a statement from President Trump. California businesses must comply…
realitytea.compolitics20 days ago
Trump Maintains Iran Sanctions
The U.S. president stated that Iran’s decision to stop negotiations will not change U.S. policy. Officials said the blockade will continue and that falling oil prices are expected.
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france24.comfinance20 days ago
Iran Restates Right to Regulate Shipping in Its Territorial Waters in Strait of Hormuz
Mohsen Rezaei stated that Iran controls the Strait of Hormuz and will not allow a maritime blockade to continue. Oil prices rose 8 percent on the day of the statements.
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nbcnews.comworld20 days ago
Iran Suspends Indirect Talks With U.S., Instructs Houthis to Act in Bab el-Mandeb Strait Amid Lebanon Fighting
Iran halted indirect negotiations with the United States and instructed Houthi allies to attack shipping in the Bab el-Mandeb strait. The moves follow Israeli strikes in Lebanon and recent exchanges of fire involving U.S. forces in Kuwait.
jns.orgfinance20 days agoUpdated
Israel Strikes Hezbollah Rocket Sites in Lebanon After Months of Cross-Border Attacks; Iran Suspends Indirect U.S. Talks
Iran has stopped all message exchange with the United States, including ongoing talks, in response to Israel's expanded offensive in Lebanon. The suspension was reported by Tasnim News Agency, which is affiliated with the Islamic Revolutionary Guard Corps according to the Jerusal…
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naturalnews.comfinance20 days ago
US, Iran Exchange Strikes on Military Targets; Oil Prices Rise
Washington and Tehran traded strikes on military targets, pushing oil prices higher and clouding prospects for a near-term peace deal. Israel also expanded its operations in Lebanon.
freepressjournal.inpolitics4 days ago
Oil Prices Rise Above $93 After Israel Advances in Lebanon
Brent crude futures climbed more than 2 percent in early Asian trade on Monday. The increase followed Israeli orders for deeper troop movements into Lebanon despite a six-week-old ceasefire.
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rigzone.comfinance21 days ago
China Oil Imports Fall as Global Market Absorbs Supply Shortfall
China's crude imports dropped sharply in April and May while its refineries drew down stockpiles. The decline has delayed the point at which global oil inventories reach critically low levels.
nbcnews.comfinance21 days ago
U.S.-Israeli Strikes on Iran Cut Global Oil Supply by 1 Billion Barrels
Three months after strikes began February 28, the conflict and near-closure of the Strait of Hormuz have removed roughly 1 billion barrels of crude and condensate from world markets. Inventories are declining and physical shortages have started to appear in Asia.
japantimes.co.jpbusiness21 days ago
National Economic Council Director Predicts Oil Flow Through Strait of Hormuz Within Two Months
National Economic Council Director Kevin Hassett said oil shipments through the Strait of Hormuz could resume in one to two months. The strait has been closed during the U.S.-Israeli conflict in Iran.
thehindu.comworld22 days ago
Global Oil Stocks Drop at Record Pace After Strait of Hormuz Disruption
Global oil inventories dropped 246 million barrels in March and April, with daily draws reaching 8.7 million barrels in May. The closure of the Strait of Hormuz has halted 25 percent of seaborne oil shipments, tightening supplies and lifting prices.
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thehindu.compolitics23 days ago
Iran Says No Nuclear Talks Underway as U.S. Outlines Deal Terms
Iran's Foreign Ministry stated Friday that nuclear negotiations are not occurring. President Trump said a final determination on an agreement would be made after Iran reopens the Strait of Hormuz and destroys its highly enriched uranium.
deccanchronicle.comfinance4 days ago
U.S. Crude Exports Reach Record High as SPR Releases Continue
U.S. crude exports hit an all-time high while Strategic Petroleum Reserve releases continued. Brent crude for July delivery fell 0.6 percent to $93.73 per barrel.
Cnbcfinance4 days ago
Exxon Executive Says Oil Inventories Will Reach Record Lows in Weeks
Exxon Mobil senior vice president Neil Chapman stated that global oil inventories will hit all-time lows within two to four weeks. He said physical Brent crude prices would then rise to $150-$160 per barrel.
finance24 days ago
Oil time-spreads sell-off extends, nearby backwardation at lowest since March 3
The decline in nearby oil time-spreads continued on May 28, 2026. The spread between the second and third month contracts reached its lowest level since March 3.
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Washington Examinerpolitics4 days ago
Oil Prices Drop More Than 5 Percent After Statements From Washington and Tehran
International and domestic crude benchmarks dropped more than 5 percent on Wednesday, marking the largest single-day decline in a month. The move followed statements from both U.S. and Iranian officials regarding shipping through the Strait of Hormuz.
pbs.orgfinance25 days ago
Oil Prices Fall as Traders Assess Possible U.S.-Iran Shipping Deal
WTI crude futures dropped 5.4 percent and Brent futures fell 4.6 percent on Wednesday. Traders reacted to reports of possible U.S.-Iran talks that could reopen the Strait of Hormuz. Piper Sandler said the waterway is likely to stay closed for now.
nbcnews.comfinance25 days ago
US-Iran Deal Reports Send Oil Prices Down 4%
Crude benchmarks fell sharply Wednesday on optimism that Washington and Tehran could extend a ceasefire and reopen the Strait of Hormuz. Traders weighed the prospect of renewed supply against ongoing military activity near the waterway.
ibtimes.co.ukfinance27 days ago
U.S. Blockade of Strait of Hormuz Leaves Oil Supply Largely Unchanged
The U.S. double blockade of the Strait of Hormuz has restricted only Iranian shipments while Gulf producers reroute oil through pipelines and ports. April U.S. oil exports reached record levels and non-Gulf suppliers increased output.
marketwatch.comworld27 days ago
U.S. Crude Inventories Fall to Lowest Level in Nearly a Year
Total crude stocks dropped 17.8 million barrels in the week ending May 15. The decline follows releases from the Strategic Petroleum Reserve and record exports.
thehindu.comai28 days ago
Global Energy Supply Shock Cuts 20% of Oil and LNG Flows at Strait of Hormuz
The U.S.-Israel conflict with Iran has halted roughly one-fifth of world oil and liquefied natural gas shipments through the Strait of Hormuz. Power demand continues to climb nearly 4% annually due to population growth, electrification, and data-center expansion.
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The Guardianpolitics4 days ago
Oil prices near $100 after Strait of Hormuz closure, IEA reports record stock draw
Crude prices have risen about $100 per barrel since Iran closed the Strait of Hormuz three months ago. The International Energy Agency said oil inventories are declining at a record pace, with some analysts warning of critically low levels by June.
thesouthafrican.comworld30 days ago
Senegal Fuel Subsidy Costs Rise $2 Billion if Oil Hits $115
Senegal's fuel subsidy spending may exceed this year's target by $2 billion if crude oil prices reach $115 per barrel. The increase stems from higher global oil prices linked to the war in Iran.
deccanchronicle.comfinance30 days ago
Oil Markets React to Supply Disruptions and Inventory Changes
Global oil markets experienced price increases this week despite reports of potential U.S.-Iran negotiations. The largest U.S. inventory drawdown on record produced only a limited price response while European economic data weakened.
gurufocus.comfinance4 days ago
U.S. Crude Inventories Fall 17.8 Million Barrels in Record Weekly Drawdown
Total U.S. crude inventories dropped 17.8 million barrels last week, the largest weekly decline on record. The Strategic Petroleum Reserve alone lost 9.9 million barrels, bringing its level to 374 million barrels after 42 million barrels have been released since the Iran war bega…
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financialpost.comworld30 days ago
Oil Traders Create Acronym for Strait of Hormuz Outlook
Oil market participants have coined the acronym NACHO to describe expectations that the Strait of Hormuz will remain open. Brent crude prices fell 6 percent during the week despite the outlook.
americanbanker.comfinance30 days ago
Fed Official Says Gas Prices Could Take Months to Fall After Hormuz Reopen
A Federal Reserve official stated that gasoline prices may remain elevated for months even after the Strait of Hormuz reopens. The comment highlights the lag between supply chain recovery and consumer fuel costs.
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finance31 days ago
Fed official says gas prices to fall after Hormuz reopening
A Federal Reserve official stated that gasoline prices could remain elevated for months even after the Strait of Hormuz reopens. The comments address ongoing concerns about energy supply disruptions in the Persian Gulf region.
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ibtimes.co.ukfinance31 days ago
Fed Official Says Gas Prices Will Take Months to Fall After Strait Reopens
A Federal Reserve official stated that gasoline prices could remain elevated for months even after the Strait of Hormuz reopens. The comments address the lag between supply recovery and consumer price adjustments.
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rte.iefinance31 days ago
China Sent 430,000 Barrels Per Day of Crude to Reserves in April
China directed an estimated 430,000 barrels per day of crude oil into strategic and commercial reserves last month. Official data showed imports fell 20 percent from a year earlier to 9.25 million barrels per day, the lowest level since July 2022. Refinery throughput also reached…
freepressjournal.inpolitics31 days ago
Iran Reviews U.S. Peace Proposal as Trump Signals Willingness to Wait
Iran said Thursday it is reviewing the latest U.S. proposal to end the nearly three-month war. President Trump stated he is prepared to wait a few days for the right answers before considering renewed strikes.