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 closureWhy are oil prices up now and will Brent futures and US WTI crude prices continue to rise or decline again? Oil markets moved higher after ...
11 Jun, 2026, 09.01 AM IST
Oil Price Today (June 11): Crude oil rises over 2% as US strikes Iranian targets again. $100/bbl in sight?Oil prices surged over $2 a barrel after Iran announced the closure of the Strait of Hormuz, a critical shipping route, following U.S. stri...
11 Jun, 2026, 07.51 AM IST
US launches new strikes after Trump threatens to attack Iran 'very hard'The US launched a new round of overnight strikes on multiple targets in Iran, with President Donald Trump warning of further attacks unless...
11 Jun, 2026, 06.03 AM IST
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
Fitch sees global oil markets returning to oversupply after Hormuz reopensGlobal oil markets are set to return to oversupply soon. Fitch Ratings reports the Strait of Hormuz closure is a temporary supply shock. Pr...
09 Jun, 2026, 01.48 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
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
West Asia War: Hormuz strait will be open but with transit fees, Iran envoy to Moscow quotedIran and Oman will control passage through the Strait of Hormuz. New conditions, including transit fees, will be implemented. This follows ...
08 Jun, 2026, 10.19 AM IST
West Asia war: 100 days on, Trump and Iran remain locked in high-stakes showdownTensions between the US and Iran remain high as the conflict approaches 100 days. Both nations are engaged in military actions and diplomat...
06 Jun, 2026, 07.42 AM IST
More oil escapes Hormuz, keeping traders guessingIran war: Tankers are using stealth to exit the Strait of Hormuz, freeing oil trapped in the Gulf. The practice of ships going dark is wide...
04 Jun, 2026, 11.55 AM IST
Why Asia's oil lifeline can't survive on US crude aloneAsian nations are receiving more crude oil from the United States. However, these increased shipments cannot fully replace oil lost due to ...
02 Jun, 2026, 11.27 AM IST
Iran's IRGC says 28 ships passed through Strait of Hormuz in the last 24 hoursIran's IRGC reports 28 ships transited the Strait of Hormuz under its security. The IRGC states the Persian Gulf's insecurity stems from US...
31 May, 2026, 11.33 PM IST
Quarter of big oil tankers trapped by Iran war have escapedTwenty-nine of 109 vessels capable of hauling 700,000 barrels or more have crossed the Strait of Hormuz, with many switching off navigation...
30 May, 2026, 10.23 AM IST
Strait of Hormuz ship transits are rising thanks to help from USShipowners are showing increased optimism for traffic through the Strait of Hormuz, with US forces providing navigational advice to vessels...
30 May, 2026, 07.03 AM IST
Bigger proportion of non-Iran ships crossing Hormuz strait: DataThe proportion of vessels not linked to Iranian ownership that are transiting the key Strait of Hormuz has risen, according to data from ma...
28 May, 2026, 09.59 PM IST
US warns ties with Iran’s Strait of Hormuz authority may bring sanctions for 'anyone' involvedAmerica has issued a stern warning to global shipping and finance firms. Cooperation with Iran's new Persian Gulf Strait Authority could in...
28 May, 2026, 08.43 AM IST