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OIL PRICES STRAIT OF HORMUZ
Oil up more than 2% as renewed US-Iran strikes stoke supply fearsOil prices surged as hostilities reignited between the United States and Iran. This escalation raised alarms over possible supply interrupt...- Two tankers carrying Saudi oil attacked in Strait of HormuzTwo supertankers carrying Saudi crude were struck by unknown projectiles within minutes of each other while exiting the Strait of Hormuz, s...
- Oil Price Today (September 1): Crude oil above $90 as US, Iran attacks jolt Hormuz hopes. $100 in sight?Oil prices rose on Tuesday as renewed fighting between the U.S. and Iran in the Middle East revived concerns over potential supply disrupti...
- Oil prices rise as latest fighting resurrects Middle East supply disruption risksOn Tuesday, oil prices surged as concerns over supply disruptions arose due to escalating conflicts in the Middle East. Both Brent crude fu...
- Vessels crossing Strait of Hormuz drop to 5 per day over weekendOn Friday, 14 vessels passed the strait including a very large crude carrier laden with 2 million barrels of Qatari oil that exited with it...
- Oil Price Today (August 31): Crude oil reclaims $90 as fresh US attacks dim peace deal hopes. What are experts saying?U.S. forces on Sunday struck two launchers on Iran's Larak island in the Strait of Hormuz. It was the first known American strike on the Gu...
- Oil jumps more than 1% after US attack on Iran's Larak islandBrent crude futures climbed $1.08, or 1.23%, to $89.18 a barrel as at 0040 GMT while U.S. West Texas Intermediate crude was at $84.32, up 9...
- Crude oil prices end winning run with first weekly fall in nearly a month. Can liquid gold slide further?Crude oil prices posted their first weekly decline in three weeks as improving flows through the Strait of Hormuz eased supply concerns. Br...
- Oil settles lower on clues about Fed policy, rumors of Hormuz dealOn Friday, oil prices dipped, driven by signals from the Federal Reserve and circulating rumors regarding the Strait of Hormuz. Market trad...
- Iraq opens oil exports beyond Hormuz after months of war, eyes ship-to-ship route off OmanIraq now allows crude oil collection outside the Persian Gulf for buyers. This move comes as exports continue through the Strait of Hormuz ...
- Oil Price Today (August 28): Crude oil falls over 5% this week despite Trump rejecting terms of Iran deal. What are experts saying?Brent crude futures fell 50 cents, or 0.6%, to $89 a barrel, while West Texas Intermediate crude futures declined 42 cents, or 0.50%, to $8...
- BPCL explores buying Gulf oil on FOB basis, lifts Iraqi oilBharat Petroleum Corp expects its first Iraqi oil cargo soon and seeks more Gulf oil. The company is willing to lift oil from inside the St...
- After six months of Iran war, US goals have shifted. The Strait of Hormuz is now a top concernSix months after its start, the US war with Iran shows no clear end in sight. Original objectives have shifted, and some key goals remain u...
- Oil Price Today (August 27): Crude oil dips to $87, down for 4th session amid Hormuz reopening hopes. What are experts saying?Oil prices slipped on Thursday, extending their losing streak, as hopes of a Strait of Hormuz reopening grew amid diplomatic efforts involv...
- Oil prices extend losses on expectations talks to ease Middle East supply woesOil prices have declined as discussions between Iran and Qatar may pave the way for reopening the crucial Strait of Hormuz. This reopening ...
- Iran, Oman reach deal on Strait of Hormuz, but reopening hinges on US conditionsIran and Oman reached an agreement on Strait of Hormuz control and revenues. The Revolutionary Guards stated the strait will not reopen wit...
- Oil Price Today (August 26): Crude oil tanks 6% in two days to hover near $85. What’s behind the decline?Brent crude futures were down $2.35, or 2.65%, at $86 a barrel, while U.S. West Texas Intermediate crude futures fell $1.94, or 2.36%, to $...
- Crude oil prices slide 4% as markets look past Iran sanctionsOil prices dropped significantly as traders viewed new US sanctions on Iran less severely. Brent crude and West Texas Intermediate both rea...
- $20 million: The cost of shipping oil through Strait of Hormuz, TotalEnergies CEO saysShipping oil cargoes via the Strait of Hormuz costs approximately twenty million dollars. This significant freight expense creates wide mar...
- Oil Price Today (August 24): Crude oil slips below $93 ahead of US sanctions announcement on Iran. What are experts saying?US Treasury Secretary Scott Bessent, who is scheduled to hold a press conference at 2 p.m. EDT (1800 GMT) on Monday, has threatened to impo...
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