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IRAN STRAIT OF HORMUZ CLOSURE
Why are oil prices up now and will Brent futures and US WTI crude prices continue to rise or decline again? Oil market reacts to US-Iran escalation and Strait of Hormuz closure- Hegseth says the US controls the Strait of Hormuz, while also warning of bomb strikes on Iran’s 'key facilities'
- Oil Price Today (June 11): Crude oil rises over 2% as US strikes Iranian targets again. $100/bbl in sight?
- Trump says US military ops ensure safe passage of 100 million barrels of oil through HormuzPresident Donald Trump revealed a secret US military mission. This operation supported oil tankers and commercial ships. Over 100 million b...10 Jun, 2026, 11.38 PM IST
- OPEC oil output lowest since at least 2000 as US blockade squeezes Iran: ReportOPEC oil output in May plummeted to its lowest in over two decades, dropping by 1.06 million barrels per day. This significant decline was ...10 Jun, 2026, 08.21 PM IST
- No ceasefire in sight: US bombs Iranian sites, IRGC hits back with missiles on American bases across GulfUnited States forces have launched strikes against Iran following the downing of a US helicopter. President Donald Trump stated the respons...10 Jun, 2026, 09.04 AM IST
- Why crude oil is falling fast today: Oil prices crash below $88 as US-Iran peace deal hopes send Brent crude, WTI oil and energy markets lowerOil prices crashed below $88 after reports said a US-Iran draft agreement gained preliminary acceptance in Washington. Brent crude fell nea...09 Jun, 2026, 09.23 PM IST
- Oil Price Today (June 9): Crude oil falls 1% as Israel and Iran pause strikes. Where is liquid gold headed?Oil prices eased in early Tuesday trading after Iran and Israel indicated a pause in hostilities, reducing immediate concerns over supply d...09 Jun, 2026, 08.07 AM IST
- EU sanctions Iranians over restricting naval traffic in HormuzThe European Union has imposed sanctions on two Iranian individuals and a unit of the Islamic Revolutionary Guard Corps. This action target...08 Jun, 2026, 05.13 PM IST
- Oil Price Today (June 8): Crude oil flares up 5% as Israel attacks Iran, Lebanon in latest escalation. What's next?Oil prices surged 5% on Monday after Israel launched fresh strikes on Lebanon, raising fears of renewed Middle East tensions and potential ...08 Jun, 2026, 12.30 PM IST
- From trickle to torrent: Hormuz reopening may trigger a global oil floodThe reopening of the Strait of Hormuz could trigger a faster-than-expected recovery in global oil supplies. With tankers already positioned...08 Jun, 2026, 12.01 PM IST
- Oil market likely to return to oversupply after Hormuz reopens: Fitch RatingsGlobal oil markets are set to see a surplus once the Strait of Hormuz reopens. Fitch Ratings predicts this despite current price hikes. The...08 Jun, 2026, 10.44 AM IST
- Pakistan's interior minister is in Tehran as the US downs more Iranian drones over HormuzPakistan's interior minister is in Tehran to revive Iran-U.S. negotiations. This comes as U.S. forces downed Iranian drones near the Strait...07 Jun, 2026, 07.04 PM IST
- Strait of Hormuz: Iran-U.S. war is far from over. Here's whyIran’s Revolutionary Guard said it had targeted the Ali Al Salem air base, which hosts U.S. forces in Kuwait, and the U.S. Navy’s 5th Fleet...07 Jun, 2026, 06.06 PM IST
- Russia's oil major says US companies benefit from the closure of the Strait of HormuzRosneft CEO Igor Sechin stated that American energy companies are benefiting most from the closure of the Strait of Hormuz. He believes the...06 Jun, 2026, 03.28 PM IST
- Oil Price Today (June 5): Crude oil holds ground as Iran peace deal uncertainty lingers. Where are prices headed?Oil prices held steady on Friday following significant Thursday losses. Hopes for a quick resolution to the U.S.-Israeli conflict with Iran...05 Jun, 2026, 07.42 AM IST
- Oil Price Today (June 3): Crude oil nears $100 again as Iran launches attack in fresh escalation. What are experts saying?Middle East tensions escalated as Iran launched missiles, prompting U.S. strikes and rattling oil markets. Brent and WTI crude prices saw a...03 Jun, 2026, 07.31 AM IST
- Oil Price Today (June 2): Crude oil at $95 per barrel amid conflicting Iran war signals. What are experts saying?Oil prices held steady Tuesday, following Monday's surge, as global markets weighed U.S.-Iran ceasefire talks and the potential reopening o...02 Jun, 2026, 07.35 AM IST
- Iran Guards threaten 'new fronts' over Israel's Lebanon offensiveIran's Revolutionary Guards threatened to open "new fronts" and keep the Strait of Hormuz closed over Israel's offensive in Lebanon, state ...01 Jun, 2026, 10.13 PM IST
- Oil Price Today (June 1): Crude oil gains over 2% as Israel attacks Iran-backed Hezbollah. What are experts saying?Oil prices surged over 2% as Israel advanced troops into Lebanon. This escalation follows peace talks and weakens hopes for a U.S.-Iran cea...01 Jun, 2026, 07.30 AM IST
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