Oil prices climbed more than 4% on Wednesday as renewed fighting between the US and Iran raised fresh concerns over global energy supplies.
Oil Could Reach $160 as Stockpiles Fall and Hormuz Risks Intensify
Oil prices could climb as high as US$160 a barrel, or potentially even further, if disruption around the Strait of Hormuz persists and global inventories continue to fall, according to
Europe Imports Record Russian LNG as Yamal Revenues Reach €6bn
European buyers imported a record volume of liquefied natural gas from Russia’s Yamal export hub during the first half of 2026, generating around €6 billion in revenue for Moscow.
Iran Says Strait of Hormuz Closed Until Further Notice After Ship Attack
Iran has said the Strait of Hormuz will remain closed until further notice following an attack on a Cyprus-flagged container ship off the coast of Oman.
Oil and Gas Prices Rise After Tanker Strike in Strait of Hormuz
Oil and gas prices moved higher after a tanker was hit by an unknown projectile in the Strait of Hormuz, renewing concerns over energy security and the fragility of US-Iran
Traders bet oil prices could hit five-month low
Traders on the prediction market Polymarket are increasingly positioning for further weakness in oil prices this month, after crude retreated to levels last seen before the conflict in Iran.
Oil tankers leave Strait of Hormuz as exports resume
Three oil tankers carrying a combined 5 million barrels of crude and condensate have successfully exited the Strait of Hormuz, providing an early sign that energy exports from the Gulf
Goldman Sachs Cuts Oil Forecast as Hormuz Reopening Nears
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
Oil Jumps as Israel Launches Fresh Strikes on Iran
Oil prices surged on Monday after Israel confirmed it had carried out military strikes against targets inside Iran, reigniting concerns over the stability of the Middle East and the future
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
Oil heads for biggest monthly fall since Iran conflict began
Oil prices are heading for their largest monthly decline since the outbreak of the Iran conflict as investors increasingly bet on a diplomatic breakthrough between Washington and Tehran that could