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              Oil price

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

              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
              A supertanker carrying Iraqi crude crossed the US blockade line, while three LNG tankers appear to have exited the Strait of Hormuz in recent days. Reuters

              US-Iran deal hopes push oil prices below $100 a barrel

              EnergyMay 25, 2026
              A sign displays the prices of unleaded petrol at a Mobil filling station in Washington, the US capital. Bloomberg

              Oil prices to remain volatile amid uncertainty over Iran peace talks

              EnergyMay 22, 2026
              State fuel ⁠retailers are incurring a daily loss of 7.5 billion rupees, the government said. AFP

              India raises fuel costs for second time in a week as retailers face heavy losses

              EnergyMay 19, 2026
              US President Donald Trump boards Air Force One as he departs from Beijing on Friday. Reuters

              Oil up 4% and stock markets fall as Strait of Hormuz and inflation woes linge

              EnergyMay 15, 2026
              Vessels dotted around the Strait of Hormuz, off Musandam in Oman, unable to sail through. Reuters

              Oil prices surge after Trump dismisses Iran offer

              EnergyMay 11, 2026
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