oil-markets
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benzinga.comChina 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.com**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.
Washington ExaminerHouse 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.com**Trump Says He ‘Doesn’t Care’ if Iran Halts Talks, Will Keep Blockade in Place**
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.
france24.com**Iranian Official Says Tehran Manages Strait of Hormuz and Will Not Allow Continuation of Maritime Blockade**
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.
nbcnews.comIran 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.orgIran Suspends Indirect Talks With U.S. Amid Escalating Israel-Hezbollah Conflict in Lebanon
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…
upi.comU.S. Strikes Iranian Radar Sites, Iran Targets Kuwait Base
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.inOil 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.
rigzone.comChina 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.
reviewjournal.comU.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.
citizen.co.zaNational 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.comGlobal 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.
thehindu.comIran 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.
thesouthafrican.comU.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.
CnbcExxon 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.
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.
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.orgOil 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.comOil Prices Fall 4% on Reports of US-Iran Deal
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.ukU.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.comU.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.comGlobal 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.
The GuardianOil 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.comSenegal 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.comOil 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.comU.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…
financialpost.comOil 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.comFed 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.
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.
ibtimes.co.ukFed 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.
rte.ieChina 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.inIran 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.
english.elpais.comIEA Warns Oil Markets Could Enter Red Zone by July
IEA Executive Director Fatih Birol said global oil stocks are depleting amid the Iran war energy shock. He called for the unconditional reopening of the Strait of Hormuz to prevent tighter supply conditions this summer.
The IndependentUAE Oil Chief Says Full Flows Through Strait of Hormuz Unlikely Before 2027
Sultan Al Jaber, chief executive of ADNOC, said full oil flows through the Strait of Hormuz are unlikely to resume before the first or second quarter of 2027. The assessment came at an Atlantic Council event on Wednesday.
realitytea.comTrump Says U.S.-Iran Talks Reach Final Stages as Oil Prices Drop
President Trump stated that negotiations with Iran are in the final stages. Oil prices fell sharply after the announcement while Iran reviews the latest U.S. proposal.
Washington ExaminerNational Average Gasoline Price Reaches $4.56 per Gallon
Every U.S. state now reports average regular gasoline prices above $4 per gallon. AAA data released Wednesday showed the national average at $4.56, with seven states above $5 and California above $6.
activistpost.comCiti Projects Strait of Hormuz Closure Through Early 2027 in Oil Shock Scenario
Citi analysts outlined conditions under which the Strait of Hormuz would need to stay closed into early 2027 to replicate the scale of the 1970s oil shock. The projection ties the duration of any closure to the size of the supply disruption.
ForbesIran Proposes End to Sanctions and Naval Blockade
Iranian officials outlined a new peace proposal that includes ending U.S. sanctions and a naval blockade. The proposal also calls for maintaining the right to enrich uranium and for the release of frozen funds.
thequint.comU.S. Central Command Redirects 85 Vessels in Iran Port Blockade
U.S. Central Command reported redirecting 85 commercial vessels and disabling four others as part of its blockade of Iranian ports. Oil prices and global stock indexes moved sharply on Monday amid ongoing diplomatic efforts.
revolver.newsIEA Chief Says Strait of Hormuz Closure Depletes Oil Inventories
Fatih Birol, chief of the International Energy Agency, said commercial oil inventories are being drawn down rapidly because of the closure of the Strait of Hormuz. He spoke at a Group of Seven finance leaders meeting in Paris on Monday.
financialpost.comOil Traders Reduce Bullish Positions as Tankers Exit Strait of Hormuz
Hedge funds and other money managers cut their net long positions in petroleum futures and options by the equivalent of 44 million barrels during the week ending May 12. The reduction follows continued ceasefire talks between the United States and Iran and the passage of a small…
freepressjournal.inOil Prices Rise After Trump Statement on Iran
Oil prices increased and global stock indexes declined Monday after President Trump warned Iran to accept a peace agreement. Iran stated it had sent revised terms for ending the war through Pakistani mediators and is discussing safe transit through the Strait of Hormuz with Oman.
middleeasteye.netTraders Placed $800 Million Bet on Oil Price Drop Before Announcement
Anonymous traders bet $800 million that oil prices would fall on March 23. Minutes later, a presidential announcement caused prices to drop more than 10 percent.
marketwatch.comIEA reports oil inventories fell as diesel and fertilizer costs rose
The International Energy Agency reported that commercial oil inventories are falling rapidly and will continue to decline in the coming weeks. IEA chief Fatih Birol cited potential increases in diesel and fertilizer costs during travel and planting seasons.
thehindubusinessline.comPrediction Markets See Over $1 Billion in War-Related Bets This Year
More than $1 billion has been wagered on military outcomes on prediction markets this year. Analytics firm Bubblemaps identified nine linked accounts that won 98 percent of over 80 bets on U.S. military actions involving Iran.
FortuneOil Futures Rise as Strait of Hormuz Remains Closed
Stock futures declined Sunday while oil prices climbed after the U.S.-China summit failed to reopen the Strait of Hormuz. Officials are scheduled to meet again on Tuesday to discuss the situation.
France 24U.S. Congress Seeks Answers on Oil Traders' Iran-Related Bets
U.S. Congress has asked for information on whether traders had advance knowledge of developments affecting oil markets. The inquiry follows reports of large profits from positions taken before recent events involving Iran.
newrepublic.comTreasury Secretary Bessent Says China Will Help Reopen Strait of Hormuz
Treasury Secretary Scott Bessent said China will work behind the scenes to reopen the Strait of Hormuz, citing Beijing's interest as the world's largest oil importer. Bessent made the remarks from Beijing during a summit between President Donald Trump and Chinese leader Xi Jinpin…
dailydot.comTrump Energy Cabinet Testifies Before Congress on Permitting, Regulations and National Security as House Votes on E15
All three of President Donald Trump’s energy and environment cabinet members appeared before Congress on May 13, 2026, addressing EPA health-benefit modeling, an appeal of a wind and solar permitting ruling, and Iran’s nuclear progress. The House is scheduled to vote the same day…
Substrate placeholder — needs reviewU.S. Agency Releases First Quarterly Global Energy Security Dataset
The agency released its inaugural quarterly dataset covering global strategic petroleum reserves and energy flows through key chokepoints. The information tracks petroleum, oil and LNG movements. It marks the first time the data has been compiled and published on a quarterly basi…
CnbcU.S. Stock Futures Rise as Trump Begins China Visit
U.S. equity futures advanced on May 13, 2026, with S&P futures up 0.2 percent and Nasdaq futures gaining 0.7 percent. President Trump arrived in Beijing for a summit with Chinese President Xi Jinping, accompanied by business leaders including Nvidia CEO Jensen Huang and Elon Musk…
marketwatch.comOil Prices Hold Near $107
Brent crude oil traded around $107 per barrel Wednesday as escalating conflict in the Middle East lifted energy prices and the U.S. dollar while pressuring equities and cryptocurrencies. Bitcoin held above $76,000 support even as it fell 1 percent to roughly $80,800. European gas…
Financial TimesIEA Reports Global Oil Inventories Declined
The International Energy Agency said oil inventories are being depleted at a record pace after supply losses linked to the Strait of Hormuz reached 12.8 million barrels per day since late February. U.S. emergency crude reserves saw the largest weekly drawdown on record last week,…
Al JazeeraTrump Rejects Iranian Nuclear Proposal
President Trump dismissed Iran's counterproposal demanding reparations, sovereignty over the Strait of Hormuz and an end to sanctions, declaring the ceasefire on life support. Oil prices jumped as high as $105.50 a barrel while U.S. Treasury yields climbed, with the 10-year note…
reason.comU.S. Inflation Rises to 3.8 Percent in April, Highest in Three Years
Consumer prices increased 0.6 percent in April and are up 3.8 percent over the past year, the Bureau of Labor Statistics reported. Energy prices drove much of the rise after the closure of the Strait of Hormuz in March due to the war between the United States and Iran. Average wa…
citizen.co.zaIranian Official Says China Is Part Of Political Balancing Amid Conflict
An adviser to Iran’s supreme leader said China forms part of Iran’s political balancing strategy as the country navigates its conflict with the United States. Aides to the U.S. president indicated that resuming combat operations in Iran is under more serious consideration after t…
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news.google.comRussian Urals Oil Trades at $2-4 Premium to Brent for June Delivery in Indian Ports
Premiums for Russian Urals crude have declined to $2-4 per barrel above Brent for June delivery cargoes in Indian ports. The drop comes amid weak refining margins, according to sources. @DeItaone reported the development on Tuesday.
nypost.comTrump Arrives in Beijing for Talks With Xi Jinping
President Trump landed in China on May 13 for a state visit focused on pressing President Xi Jinping to help end the war with Iran. Oil prices climbed after Trump rejected Iran's latest ceasefire proposal as "totally unacceptable." The trip occurs amid rising U.S. bond yields, hi…
america.cgtn.comOil Prices Remain Above $100 as Ceasefire Holds in Iran Conflict
Brent crude rose above $105 before settling near $105 a barrel after President Donald Trump rejected Iran's response to U.S. proposals to end the conflict. The Strait of Hormuz has been shut since late February, triggering sharp supply losses and profit surges at major energy com…