oil prices

Oil prices drop more than $4 after Trump holds off on new strike against Iran

Oil prices fell by more than $4 a barrel after U.S. President Donald Trump held off on launching new missile strikes on Iran in pursuit of a deal to curb Tehran's nuclear program and reopen the Strait of Hormuz, Reuters reported on Aug. 3.

3 August, 10:46 AM

Oil prices fall as crude flows through Strait of Hormuz increase

Oil prices fell as increased crude flows through key maritime chokepoints outweighed the lack of significant progress in U.S. Iran talks, easing concerns over potential supply disruptions, Reuters reported on July 31.

31 July, 10:37 AM

Oil prices fall despite escalating attacks in the Persian Gulf

Oil prices fell despite escalating attacks in the Persian Gulf as investors shifted their focus to crude supply flows through key regional shipping chokepoints, Reuters reported on July 30.

30 July, 11:16 AM

U.S. and Saudi airstrikes on Iran-backed groups in Iraq trigger oil price surge

Global oil prices rose by more than $3 a barrel on July 29, after joint airstrikes by the United States and Saudi Arabia targeted sites in Iraq and U.S. forces intercepted Iranian ballistic missiles in the Middle East, Reuters wrote.

29 July, 12:07 PM

Russia's energy revenues surge 60% in July

Russian oil and gas revenues are set to rise 60 percent in July year-over-year, Reuters reported on July 23, citing own calculations.

23 July, 11:56 PM

Crude prices rise as U.S.-Iran conflict worsens and Houthi threats reroute tankers

Oil prices rose amid mounting concerns about further supply disruptions as the U.S. and Iran exchange strikes for the eleventh consecutive night and oil tankers turn away in the Red Sea following warnings from Houthi rebels, Reuters reported on July 22.

22 July, 12:51 PM

Global oil prices fall despite renewed Middle East tensions and blockade warnings

Oil prices fell amid reports of mediation efforts between the U.S. and Iran, fresh attacks between the two nations, and threats of a naval blockade of Saudi Arabia by Yemen's Houthis, Reuters reported on July 21.

21 July, 11:50 AM

Shipments through Strait of Hormuz drop as oil prices rise amid US-Iran escalation

Oil prices jumped more than 4% on July 13, as energy shipments through the Strait of Hormuz remained under threat and the United States and Iran announced renewed military strikes, Reuters reported.

13 July, 03:11 PM

Hopes for U.S.-Iran talks push oil prices lower

Oil prices fell on June 30 as investors watched for possible talks between the United States and Iran in Doha against the backdrop of a tense temporary truce in the conflict, Reuters reported.

30 June, 06:50 PM

Oil prices plunge to four-month lows as Strait of Hormuz shipping resumes

Oil prices dropped by more than 1% to near four-month lows as signs emerged that more oil tankers could leave the Strait of Hormuz, Reuters reported on June 24.

24 June, 01:30 PM

Oil prices fall as tanker traffic returns to the Strait of Hormuz

Oil prices extended losses after falling in the previous session as markets focused on the resumption of tanker traffic through the Strait of Hormuz following U.S.-Iran peace talks, with Brent crude futures down 0.3% to $77.70 a barrel on June 22.

23 June, 12:55 PM

Oil prices fall as tankers resume transit through Strait of Hormuz

Oil prices fell as expectations of increased crude supplies improved after oil tankers resumed transit through the Strait of Hormuz following a U.S.-Iran peace agreement, Reuters reported on June 19.

19 June, 01:57 PM

Oil prices fall as markets assess U.S.-Iran agreement and Hormuz reopening

Oil prices declined on the morning of June 17 as traders evaluated details of a planned U.S.-Iran agreement and signs of tightening fuel inventories in the United States, Interfax-Ukraine reported.

17 June, 10:50 AM

Oil prices fall after Trump backs away from Iran strike plans

Oil prices fell by more than $1 a barrel on Thursday, extending losses from the previous session after U.S. President Donald Trump backed away from plans to strike Iran, easing fears of further escalation following reciprocal attacks earlier this week, Reuters reported on June 12.

12 June, 12:37 PM

Oil prices rebound after U.S. strikes on Iran

Oil prices rose on June 10, recovering some losses after falling to a seven-week low in the previous session, as markets reacted to fresh U.S. military strikes on Iran and data showing another sharp decline in U.S. crude inventories, Reuters reported.

10 June, 02:01 PM

Russia’s fuel subsidy saps oil price windfall

Russia’s domestic fuel subsidy program is cutting into windfall profits from surging oil prices, Bloomberg reported on June 3, citing government data.

4 June, 01:09 AM

Hormuz blockade could send oil to $130 and trigger recession on par with 2008 crash

If the blockade of the Strait of Hormuz extends into August, it could push the global economy into a downturn comparable to the 2008 world financial crisis, Bloomberg reported on May 21, citing analysts at U.S. consulting firm Rapidan Energy Group.

22 May, 01:20 PM

Oil prices fall 2% after Trump delays Iran strikes to allow more negotiations

Oil prices fell roughly 2% at the open of Asian trading on May 19 after U.S. President Donald Trump announced he was delaying planned strikes on Iran to allow more time for negotiations, Reuters reported.

19 May, 11:55 AM

U.S. starts to export oil from its strategic reserve

The United States has begun exporting crude oil from its Strategic Petroleum Reserve for the first time in history, with the first shipments going to Türkiye, the Netherlands, and Italy, Reuters reported on May 11.

12 May, 09:14 AM

Russia’s budget deficit grows despite higher oil prices

Russia’s federal budget deficit continued to widen despite rising oil prices linked to tensions in the Middle East, exceeding the country’s full-year target by 50% in the first four months of the year, The Moscow Times reported on May 11.

11 May, 03:19 PM

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