Oil prices surged on Monday as fading hopes for a US-Iran settlement renewed fears of prolonged supply disruptions in the Strait of Hormuz. Brent crude closed above $90 a barrel, while WTI oil also climbed sharply as traders reacted to stalled diplomacy and Iran's warning of possible military escalation. Brent crude rises as Iran ceasefire hopes fade Brent crude futures settled $2.22 higher at

Oil prices surged in early Asian trading on Wednesday after Iran launched multiple ballistic missiles at US forces in the Middle East. The renewed military exchange pushed Brent and WTI crude higher as traders reassessed supply risks linked to the conflict and the Strait of Hormuz. Oil Prices Surge in Asian Trading Global oil prices climbed by more than 3 per cent during early trading on July 29 as renewed fighting between Iran and the U

Iran Strait of Hormuz oil price warning has reignited global attention after Parliament Speaker Mohammad Bagher Ghalibaf argued that US pressure on Tehran has instead pushed oil prices higher. As Brent crude briefly crossed $100 a barrel, markets, governments and investors are closely watching developments around one of the world's most critical energy routes.

Oil prices rise as US strikes Iran and renewed attacks on Houthi targets heighten concerns over global energy supplies. Brent crude climbed above $96 a barrel while WTI gained sharply as traders reacted to escalating military tensions in the Middle East and potential risks to key shipping routes. Brent crude climbs above $96 Global oil prices extended their rally on Thursday, July 23, after ren

Oil prices jump as US-Iran conflict intensifies, raising fears of disruptions to global energy supplies through the Strait of Hormuz and the Red Sea. Brent crude and WTI posted strong weekly gains as traders priced in growing geopolitical risks while the International Energy Agency warned that prolonged instability could threaten energy security. Oil Prices J

Iran says eight troops killed Iranian state television reported that eight military personnel were killed in the latest US strikes on southern Iran, as tensions between Washington and Tehran escalated around the Strait of Hormuz. The report said the dead were members of Iran’s air and naval forces and that the strikes affected areas including Bandar Abbas and Bushehr

Saudi Arabia’s latest oil price cut has turned attention back to Asia, where refiners are getting more room to negotiate as Gulf crude supply improves. Saudi Aramco has reduced the August official selling price of Arab Light crude for Asian buyers by $11 per barrel, placing the grade at a $1.50 discount to the Oman-Dubai benchmark. The sharp move shows how quickly the market has shifted from supply fear to buyer advantage. The cut is imp

Global crude benchmarks have softened in recent sessions, driven by easing supply concerns and improved shipping conditions across key routes. Despite this decline, retail gasoline prices in the United States have not adjusted downward at the same pace, creating a widening gap between wholesale and consumer fuel costs. Market data indicates Brent crude has eased compared to earlier highs, yet pump prices remain relatively sticky. This lag has triggered renewed scrutiny of how quickl

Oil Markets Fall After US-Iran Interim Agreement Global oil prices slipped in early trading on Thursday,June 18,2026 following the announcement of an interim agreement between the United States and Iran aimed at ending the conflict in the Middle East. The development has eased immediate concerns over supply disruptions through one of the world’s most critical energy corridors, the Strait of Hormuz.

EVIAN-LES-BAINS, France — The U.S.-Iran 60-day ceasefire deal is designed to extend April’s fragile truce and reopen the Strait of Hormuz, but key questions remain over Iran’s nuclear program, shipping security and the conflict in Lebanon. President Donald Trump said at the Group of Seven summit on Tuesday, June 16, 2026, that the interim agreement would be released publicly and would bar Tehran from obtaining a nuclear weapon. A formal signing is expected in Switzerland on Fr

Oil Falls On Peace Deal Hopes Oil prices fell sharply on Friday, June 12, 2026 as renewed hopes for a peace agreement between Iran and the United States eased fears of prolonged disruption to global energy supplies. Brent crude dropped below $86 a barrel during trading before recovering part of its losses, while market attention remained focused on whether diplomatic progress could reduce risks around Middle

Nick Reiner’s trust petition is adding a new legal fight to the Los Angeles murder case involving the deaths of his parents, filmmaker Rob Reiner and photographer-producer Michele Singer Reiner. Civil attorneys for Reiner, 32, asked a Los Angeles County court on Monday, June 8, 2026, to release money from a trust established by his parents, saying he needs the funds to help pay for his criminal defense and basic needs while in custody. Nick Reiner Trust Petition

Oil prices rose sharply as Brent crude touched $98.20 per barrel on Wednesday, fueled by rising tensions between the United States and Iran. Recent missile activity in the Gulf region and disrupted shipping routes have intensified concerns about energy supply. Although strategic oil reserves remain untapped for now, the market is reacting to potential risks in the Strait of Hormuz. August contracts have jumped over 2% since early June and more than 5% in just the past week.

AI Stocks Power Wall Street Rally   AI Rally Pushes Wall Street Higher The S&P 500’s 9-week rally has become the biggest talking point on Wall Street, as AI-linked stocks continue to pull US markets to record levels. In a holiday-shortened week, the Dow, Nasdaq, and S&P 500 all closed higher, showing that investors are still willing to bet on technology-led growt

Shell Profits Rise as Oil Prices Surge Shell profits climbed sharply in the first quarter as oil prices surged during the Middle East conflict, helping the energy giant beat market expectations. The London-based company reported adjusted earnings of $6.92 billion, up 24% from a year earlier, as Brent crude volatility boosted oil trading, refining margins and energy market returns. Middle East Conflict Drives Energy Volatility

Oil prices jumped over 6% after President Donald Trump confirmed the U.S. will maintain its blockade on Iran, raising concerns over disrupted supply and escalating tensions in the Strait of Hormuz. Oil prices surge over 6% as Trump maintains naval blockade on Iran, sending shockwaves through global energy markets and intensifying concerns about supply disruptions in the Middle East. By 12:10 PM Eastern Time on Wednesday April 29, 2026, international benchmark Brent crude futures climbed more than 6% to $118.33 per barrel, while U.S. West Texas Intermediate futures rose over 6% to $106.37 per barrel. The sharp increase followed comments from Donald Trump, who confirmed that the United States would continue its naval blockade against Iran until a nuclear agreement is reached. Trump described the blockade as highly effective, signaling a firm stance amid stalled diplomatic efforts. Negotiations aimed at easing tensions have made little progress in recent days, further escalating uncertainty in global markets. Iran has refused to reopen the Strait of Hormuz—a critical passage for global oil shipments—unless the United States lifts its blockade. Tehran’s control over the strait has significantly restricted oil exports from the region, tightening supply and driving prices higher. Market analysts note that developments in the Persian Gulf remain the dominant factor influencing oil price volatility. Adding to market complexity, the United Arab Emirates recently announced its decision to exit OPEC. While strategists at ING described the move as a substantial setback for the producer alliance, they indicated its immediate impact on prices would likely be limited compared to ongoing geopolitical tensions. Analysts suggest that while the UAE’s departure could weaken OPEC’s long-term influence, the near-term trajectory of oil markets will depend largely on whether oil flows resume through the Strait of Hormuz. Until then, geopolitical risks and supply constraints are expected to keep prices elevated and markets volatile.

Stalled Iran talks push costs to four-year high Gasoline prices across the United States climbed sharply on Tuesday, April 28, 2026, reaching their highest level in four years as stalled negotiations between Washington and Tehran fueled a surge in global oil markets. According to AAA, the national average price for a gallon of regular gasoline rose to $4.18, marking the h

Oil prices climbed sharply on Tuesday (date not sp

The Indian Rupee rebounded from its all-time low on Tuesday morning, rising by 7 paise to 92.14 against the US Dollar in early trade. This recovery follows a sharp fall in global oil prices, spurred by comments from US President Donald Trump regarding the potential end of the ongoing conflict with Iran. Additionally, a weaker US Dollar and a strong opening in the domestic equity markets further supported the local currency, although Foreign Institutional Investors (FII) outflows limited signi

Global oil markets experienced unprecedented volatility this week as escalating tensions in the Middle East disrupted key energy supply routes and triggered the largest weekly surge in U.S. crude futures since trading began in 1983. The sharp rise in oil prices reflects growing concerns among investors and governments that prolonged conflict in the region could severely affect global fuel supply chains and economic stability. West Texas Intermediate crude futures climbed sharply on