oil prices

Trump postpones possible strike on Iran, oil prices react

Oil prices fell on Oct. 9 after U.S. President Donald Trump said he would not strike Iran, according to Reuters.

9 October, 11:51 AM

Shortage fears grow as attacks on tankers in Strait of Hormuz push oil prices higher

Oil prices rose on Oct. 8 on persistent concern about supply from the key Middle East production region, amid more frequent attacks on ships in the Persian Gulf and the Strait of Hormuz, according to Reuters.

8 October, 02:39 PM

Brent tops $100 as Gulf tensions offset steady regional oil exports

Oil prices edged higher on Oct. 6 as Middle East security concerns sustained a geopolitical risk premium, while steady regional exports and an emergency release of reserves by G7 countries eased fears of supply disruptions, Reuters reported.

6 October, 01:21 PM

Yemen pushes Houthis away from Bab el-Mandeb strait — report

Yemeni government forces, backed by Saudi Arabia, have seized some key positions near the Bab el-Mandeb strait in an effort to halt the Houthi advance and regain control of the strategic waterway, Reuters reported on Oct. 5, citing Yemeni Information Minister Muammar al-Eryani.

6 October, 02:23 AM

Oil prices fall as G7 reserve release adds to growing global supply

Oil prices edged lower as rising Middle East crude exports and the release of reserves by Group of Seven countries boosted global supply, Reuters reported on Oct. 5.

5 October, 10:49 AM

Oil tanker struck and set ablaze in Strait of Hormuz, crew reported safe

An oil tanker caught fire after being struck by an unidentified projectile in the Strait of Hormuz, the the United Kingdom Maritime Trade Operations (UKMTO) reported on Oct. 1.

2 October, 09:10 AM

Strait of Hormuz keeps markets on edge as Middle East tensions drive oil prices higher

Oil prices rose for a second straight day on Sept. 29 amid concerns over Middle East supply disruptions from the U.S.-Iran conflict, despite signs that exports from the region were recovering, Reuters reported on Sept. 29.

29 September, 11:18 AM

‘Market has gone crazy’: Used oil supertankers cost more than new vessels for first time

Used oil supertankers have become more expensive than new vessels for the first time on record as shipowners rush to capitalize on high freight rates in the Persian Gulf, the Financial Times reported on Sept. 28.

28 September, 11:27 AM

Tehran insists diplomacy is only way forward after Trump rejects Hormuz plan

Iranian Foreign Minister Abbas Araqchi said diplomacy remains the only way to resolve the conflict with the United States and Israel after U.S. President Donald Trump said he had rejected Tehran’s proposal to reopen the Strait of Hormuz and halt the fighting, Reuters reported on Sept. 27.

27 September, 01:48 PM

Saudi Arabia's pipeline restart shifts oil prices down

Oil prices continued to fall on Sept. 23, amid expectations of increased supply from Gulf countries after a major Saudi Arabian pipeline resumed operations, according to Reuters.

23 September, 11:20 AM

Oil prices fall as Saudi Arabia offers extra crude via Oman

Oil prices continued to fall on Sept. 17 after reports that Saudi Arabia is offering additional crude oil volumes through Oman. The move eased concerns about supply disruptions, according to Reuters.

17 September, 02:12 PM

Oil prices dip as U.S. crude inventories unexpectedly rise

Oil prices dipped slightly on Sept. 16, following an unexpected rise in U.S. crude oil inventories, according to Reuters.

16 September, 11:53 AM

High energy prices test U.S. debt and squeeze Ukraine budget

Surging oil and gas prices are driving inflation and pushing U.S. bond yields to decade highs, Dragon Capital Deputy Director and Radio NV host Serhii Fursa wrote in an NV analytical column on Sept. 11.

11 September, 01:46 PM

Oil crosses $100 a barrel as U.S.-Iran tanker attacks escalate

Oil prices were stable on Sept. 10 after Brent crude surpassed $100 a barrel, with traders bracing for more severe supply disruptions following the largest attacks on vessels by Iran and the United States since their six-month conflict began, according to Reuters.

10 September, 11:45 AM

Oil nears $100 a barrel as US, Iran strike tankers in Hormuz

Oil prices continued to rise on Sept. 7, as strikes by the United States and Iran on vessels passing through the Strait of Hormuz and other areas heightened concerns about extended disruptions to Middle East oil supplies, according to Reuters.

7 September, 11:57 AM

Oil prices surge as U.S.-Iran tensions threaten Middle East supplies

Oil prices rose on Sept. 4 and were headed for their sharpest weekly gain since mid-July as investors worried about risks to Middle East supplies amid escalating tensions between the United States and Iran, Reuters reported.

4 September, 12:49 PM

Bessent blames U.S. gas prices on Ukraine

Ukrainian drone strikes on Russian oil refineries are driving up global energy prices, eventually reflecting on the cost of U.S. gasoline, Treasury Secretary Scott Bessent said on Sept. 2.

2 September, 07:58 PM

Iran threatens Gulf offensive after U.S. talks stall

Iran will adopt a “fully offensive” military posture if Tehran and Washington fail to reach a durable peace agreement, Reuters reported on Aug. 17.

18 August, 03:26 AM

Fading U.S.-Iran diplomacy hopes push oil prices higher

Oil prices rose on Aug. 17, as fading hopes for a breakthrough in the U.S.-Iran peace negotiations, along with slower tanker traffic through the Strait of Hormuz, heightened market concerns about geopolitical risk, according to Reuters.

17 August, 12:43 PM

Oil prices edge higher as Middle East supply risks intensify after maritime attacks

Oil prices edged higher on August 12 as escalating fears over a stalled U.S.-Iran peace deal and recent maritime attacks on two vessels intensified supply disruption concerns, even as inventories of U.S. crude swelled, Reuters reported.

12 August, 12:33 PM

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