Oil Price Today (July 2): Crude oil at $70, falls for 2nd session as US-Iran talks progress. Worst over?Brent crude futures fell 80 cents, or 1.09%, to $70.80 a barrel, while U.S. West Texas Intermediate crude declined 90 cents, or 1.28%, to $...
02 Jul, 2026, 07.28 AM IST
Why are oil prices down today, and will Brent futures and US WTI crude prices continue to fall or rise again? Iran-US talks, Strait of Hormuz recovery and US inventory data keep crude market under focusOil prices declined as investors watched Iran-US talks, the recovery of shipping through the Strait of Hormuz, and upcoming US inventory da...
01 Jul, 2026, 05.56 PM IST
Asia's crude oil imports tick up in June but uncertainty reignsAsia's crude oil imports saw a slight June uptick but remain near decade lows, impacted by the Iran conflict disrupting Middle East shipmen...
30 Jun, 2026, 10.11 AM IST
US and Iran negotiators head to Doha, but meeting uncertainDoha is set to host crucial talks between Iran and the U.S. this week, though Tehran denies any scheduled meetings with American officials....
30 Jun, 2026, 06.10 AM IST
Oil Price Today (June 29): Crude oil rises after renewed US-Iran strikes. What lies ahead?US President Donald Trump said on Saturday that Iran would "no longer exist" if the US were "forced" to resume the war. "United States airc...
29 Jun, 2026, 07.51 AM IST
Oil climbs following renewed US, Iran strikes in Middle EastOil prices saw an uptick as renewed US-Iran tensions in the Middle East disrupted shipping through the Strait of Hormuz. Despite reports of...
29 Jun, 2026, 06.25 AM IST
Iran FM Araghchi warns any challenge to Hormuz strait will 'increase tensions'Iran's Foreign Minister Abbas Araghchi cautioned on Sunday that any disruption to Tehran's control over the vital Strait of Hormuz would es...
28 Jun, 2026, 04.05 PM IST
Oil prices dive as more tankers move through Strait of HormuzCrude oil prices experienced a significant drop, heading for steep weekly losses as tanker traffic through the Strait of Hormuz increased, ...
27 Jun, 2026, 09.24 AM IST
Hormuz traffic eases, ships continue using disputed Oman routeDespite a projectile striking a vessel, ships are continuing to use a non-Iranian-approved passage through the Strait of Hormuz. Traffic le...
26 Jun, 2026, 09.09 PM IST
India 'strategic diplomatic driver' for IMEC: Columbia University projectA project from Columbia University has underscored India's crucial involvement in the India-Middle East-Europe Economic Corridor (IMEC), pr...
26 Jun, 2026, 09.37 AM IST
India-bound oil supertanker booked in Gulf at 897% of benchmark freight rateA supertanker has been provisionally booked to ship oil from the Persian Gulf to India at a staggering rate, nearly nine times the benchmar...
24 Jun, 2026, 12.29 PM IST
Iran-U. S war ends but Strait of Hormuz disruptions could continue for months ahead. Here's whyStrait of Hormuz continues to remain the bone of the contention in Iran-U.S. deal and middle-east gulf countries' geo-politics. The questio...
23 Jun, 2026, 06.52 PM IST
Iran, US establish communication line to safeguard shipping through Hormuz, say mediatorsIran and the United States have established a direct communication line to "avoid incidents and miscommunication" in the Strait of Hormuz, ...
22 Jun, 2026, 10.55 AM IST
Shipping data reveals see-saw situation in Strait of HormuzShipping traffic through the Strait of Hormuz plummeted on Sunday after Iran declared it closed again, citing alleged violations of a peace...
22 Jun, 2026, 08.31 AM IST
US Centcom says Iran does not control Hormuz after Tehran closes strait over Israeli strikes in LebanonIran has declared the Strait of Hormuz closed following Israeli strikes in Lebanon, citing violations of a ceasefire. However, the US Centr...
21 Jun, 2026, 07.38 AM IST
Iran shuts the doors to Strait of Hormuz; alleges US, Israeli violations of ceasefire MOUIran has declared the Strait of Hormuz closed, citing alleged violations of a recent Middle East war ceasefire by the US and Israel. This m...
20 Jun, 2026, 08.38 PM IST
US VP JD Vance says expects Switzerland trip in coming days for Iran talks"I expect that I will leave sometime in the next couple of days, but you know it's always a delicate coordination dance and the diplomati...
20 Jun, 2026, 08.19 PM IST