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IRANIAN OIL DISRUPTION
Hormuz ship attacks mount as US vows to cripple Iran economyThe Strait of Hormuz has seen an uptick in ship attacks, causing grave concerns as peace negotiations remain stagnant. Recently, two vessel...
UAE says Iran attacked ADNOC vessel in Strait of HormuzThe United Arab Emirates reported an Iranian attack on an oil company vessel. No injuries occurred, and the situation was reportedly under ...
Oil inches toward $90 on tanker attacks, lack of progress in Iran war peace dealCrude oil futures experienced an upward trend on Friday due to disruptions from tanker attacks and the stagnation of peace talks. Brent cru...
Iranian President Masoud Pezeshkian set to visit India for BRICS summit amid Hormuz tensionsIn September, Iranian President Masoud Pezeshkian will be in Delhi for the 18th BRICS summit, a visit set against the backdrop of heightene...
UAE points finger at Iran as two ADNOC ships attacked in Strait of HormuzTwo Abu Dhabi National Oil Company vessels faced attacks in the Strait of Hormuz. The United Arab Emirates accused Iran of carrying out the...
Oil Price Today (August 14): Crude oil dips below $88 despite Trump’s threat to blockade Iran indefinitely. What are experts saying?Brent crude futures were down 30 cents, or 0.34%, at $86.77 a barrel, while US West Texas Intermediate (WTI) crude futures gained 34 cents ...
Iran, US make competing claims over control of Strait of HormuzIran's Basij paramilitary head stated the Strait of Hormuz is under Iranian control. This statement followed US President Donald Trump's as...
Oil Price Today (August 13): Crude oil dips below $90 despite Strait of Hormuz deadlock. Here’s whyThe Organisation of Petroleum Exporting Countries cut its forecast for global oil demand growth in 2026 to 580,000 barrels per day in its m...
Oil drops on lower demand forecasts despite deadlock in US-Iran talksOil prices dipped as demand forecasts for 2026 were lowered due to the U.S.-Israeli war on Iran. Despite supply concerns from the conflict,...
Iran says no progress on reviving interim peace deal with USIran and the United States remain divided over ending the Gulf war permanently. Talks to revive an interim deal agreed in June have seen no...
Oil Price Today (August 12): Crude oil reclaims $90 again after fresh attacks on ships. What are experts saying?Brent crude futures were up 72 cents, or 0.81%, at $89.63, while US West Texas Intermediate (WTI) crude gained 71 cents, or 0.85%, to $83.9...
Oil rises as doubts over US-Iran deal heighten supply concernsOil prices increased Wednesday morning due to Middle East supply worries. Attacks on ships fueled concerns about disruptions in vital shipp...
Oil Price Today (August 11): Crude oil rises to $88 after Trump's compensation demand dents Hormuz opening. Here's whyBrent crude futures were flat at $88 a barrel or 0.35%, while US West Texas Intermediate crude futures stood at $83.50, up 0.40% a barrel. ...
Oil Price Today (August 10): Crude oil rises to $85 amid Hormuz worries as attacks continue. What are experts saying?Oil prices climbed Monday as Strait of Hormuz reopening remained uncertain. Iran stated a deal with Oman was nearing completion for new shi...
No direct talks with US, exchange of messages through intermediaries, says Iranian FM AraghchiIran is not currently engaged in direct negotiations with the United States, while messages between the two sides are being exchanged throu...
Iran says Strait of Hormuz reopening depends on US accepting its conditionsIran's Revolutionary Guard stated Strait of Hormuz reopening is conditional on US acceptance. This reopening is not linked to ongoing negot...
Iran warns Gulf states of strikes on energy assets if US attacks resumeIran has warned Gulf states of retaliatory strikes on their energy and water facilities. This diplomatic push aims to deter further United ...