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Oil price

Latest news and analysis on the impact of the price of Brent and West Texas Intermediate

Traffic through the Strait of Hormuz has reduced to a trickle after the latest exchange of strikes between the US and Iran. Reuters

Oil prices post weekly gain as renewed US-Iran hostilities drive volatility

EnergyJuly 10, 2026
The US launched strikes on Iran on Wednesday in retaliation for attacks on shipping. AFP

Oil prices rise as US-Iran strikes reignite supply disruption fears

EnergyJuly 09, 2026
A satellite image shows a group of small boats near the Strait of Hormuz. The US accused Iran of attacking three commercial vessels in the waterway. Reuters

Oil prices surge as Trump says interim deal to end war with Iran is over

EnergyJuly 08, 2026
The LNG tanker Al Rekayyat was struck while sailing at the mouth of the Strait of Hormuz. Photo: Vesselfinder.com

Qatar blames Iran after LNG tanker struck in Strait of Hormuz

MENAJuly 07, 2026
Vessels are anchored near the Strait of Hormuz. Oil and gas container traffic has increased since the US and Iran secured a deal. Reuters

UAE oil exports rebound to 85% of prewar levels despite Hormuz closure, IEA says

EnergyJune 24, 2026
A billboard with the Iranian flag in Tehran, Iran. The US and Iran have agreed to end the war and open the Strait of Hormuz. Getty Images

Oil prices fall below $80 on Middle East peace prospects

EnergyJune 16, 2026
Vessels anchored in the Strait of Hormuz, amid the effective closure of the waterway due to the Iran war. Reuters

Oil slides nearly 5% as US-Iran deal paves way for Hormuz reopening

BusinessJune 15, 2026
US Energy Secretary Chris Wright. Reuters

Oil prices drop as US energy chief sees traffic increase in Strait of Hormuz

EnergyJune 09, 2026
On The Record with Mazim Reshetnikov
Play14:57

Russia's economy is 'sustainable' despite global uncertainty, minister says

EuropeJune 08, 2026
Fuel prices are displayed in New York, with oil prices rising around the globe. AFP

Oil prices pare gains after Iran declares halt to Israel attacks

EnergyJune 08, 2026
Opec's headquarters in Vienna. Reuters

Opec+ to raise output by 188,000 bpd despite Hormuz closure

EnergyJune 07, 2026
Ships anchored in the Strait of Hormuz off Bandar Abbas in Iran. AFP

Oil prices inch closer to $100 again as more Gulf attacks cloud US-Iran talks

EnergyJune 03, 2026
First responders gather at the site of an Israeli strike near a hospital in the southern Lebanese city of Tyre. AFP

Oil prices slide on Hezbollah ceasefire and Iran peace talks

EnergyJune 02, 2026
Vessels anchored at the Strait of Hormuz, as seen from Musandam, Oman. The slip in oil prices comes as traders bet that the US and Iran will eventually agree to reopen the key waterway. Reuter

Oil prices log steepest weekly loss since April on potential US-Iran peace deal

EnergyMay 29, 2026
The US renewed air strikes on Iranian military targets on Thursday, reigniting fears of escalating conflict and more disruption in the Strait of Hormuz. AFP

Oil rallies as Trump denies reports of Hormuz deal and US renews strikes on Iran

MarketsMay 28, 2026
Vessels anchored near Strait of Hormuz, as seen from Musandam, Oman, on Monday. The Iran war led oil prices to surges on supply concerns and the near closure of the strait. Reuters

Analysts divided on oil’s next move after latest US strikes in Iran

EnergyMay 26, 2026
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