Goldman Sachs has lowered its oil price forecasts after the emerging US-Iran peace agreement increased expectations that energy exports through the Strait of Hormuz will return to normal more quickly
Oil prices fell to their lowest level in three months
Oil prices fell to their lowest level in three months on Monday after the United States and Iran finalised a memorandum of understanding aimed at restoring shipping through the Strait
Trump says US will lift naval blockade on Iran
Markets reacted positively after US President Donald Trump signalled that the US naval blockade of Iran would be lifted, raising hopes that a formal peace agreement could be imminent and
Iran deal inches closer as Trump weighs final sign-off
US and Iranian negotiators have reportedly reached a draft 60-day memorandum of understanding to end the three-month conflict, though the proposed agreement still requires approval from Donald Trump.
US investigates $2.6bn of suspicious oil trades linked to Iran conflict
The US Department of Justice is investigating around $2.6 billion (£1.9 billion) of suspicious oil trades allegedly linked to developments in the Iran conflict.
US stocks set for higher open as oil prices ease on Iran deal hopes
Wall Street looked set to open higher, with major US indices hovering near record levels in premarket trading as optimism over a potential US-Iran agreement weighed on oil prices.
FTSE 100 slides as rising oil prices weigh on markets
UK equities came under sustained pressure, with the FTSE 100 falling sharply as escalating tensions in the Iran conflict drove a surge in energy prices.
Trump escalates Iran stance, warns he’s “no more Mr Nice Guy”
Oil prices pushed higher on renewed geopolitical tensions, with crude breaching $115 after Donald Trump escalated rhetoric over Iran.
Oil markets have surged to fresh one-month highs
Oil prices have risen to a three-week high as of 29 April 2026, supported by escalating tensions in the Middle East and the ongoing blockade of the Strait of Hormuz,
Petrol prices falling slower than wholesale costs, says RAC
Fuel prices at the pump are not declining as quickly as expected despite a recent pullback in oil prices, according to the RAC.
Iran has reimposed restrictions on the Strait of Hormuz
Iran has reimposed restrictions on the Strait of Hormuz, citing the continued US naval blockade of its ports, according to state media.
Oil prices jump as Trump accuses Iran of breaching Hormuz agreement
North Sea oil prices have surged to record levels after Donald Trump accused Iran of breaching an agreement to reopen the Strait of Hormuz.