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Oil Prices Fall as Market Awaits Possible US-Iran Ceasefire Deal

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Summary Brent and WTI register steepest weekly losses since April U.S.-Iran ceasefire deal not finalised U.S. crude, gasoline and distillate stockpiles fell last week, EIA reports (Reuters) – Oil futures fell nearly ​2% on Friday and were on track for their steepest weekly decline since early April ‌after reports that the U.S. and Iran had reached agreement …

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COMMENTARY: BP’s Board Snatches Defeat From the Jaws of Victory: Bousso

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  The sudden ousting of BP Chairman Albert Manifold over allegations of misconduct less than eight months after he took office plunges the British energy giant into its second leadership scandal in less than three years. These repeated leadership misfires suggest BP’s board is quickly becoming a liability. His departure is related to aggressive conduct …

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Trump Says US Navy Acting ‘Like Pirates’ to Carry Out Naval Blockade of Iranian Ports

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President Donald Trump said on Friday the U.S. Navy was acting “like pirates” in carrying out Washington’s naval blockade of Iranian ports during the U.S. and Israel’s war against Iran. Trump made the comments while describing the seizure by U.S. forces of a ship a few days ago. “We took over the ship, we took …

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TRUMP ON GAS PRICES: Americans Should Expect to Pay More ‘For a Little While’

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  WASHINGTON, April 23 (Reuters) – U.S. President Donald Trump told reporters on Thursday ‌that Americans should expect to pay higher gas prices “for a little while.” Energy prices have risen around the world since ​the start of the Iran war in late ​February. Trump was asked if Americans “should anticipate spending more ⁠on gasoline for the foreseeable future.” “For a …

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COMMENTARY: Opening Hormuz is the Easy Part. Restoring Oil Flows Isn’t: Bousso

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The stop-start shipping traffic through the Strait of Hormuz underscores the profound uncertainty hanging over the world’s most critical oil and gas chokepoint. But one thing is already clear: even if the guns fall silent, flows through the narrow waterway will take months – and possibly years – to recover to pre-war levels. Iran said …

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Iran War Ceasefire Pushes Energy Markets Into Twilight Zone: Bousso 

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A ceasefire in the Iran war will deliver badly-needed relief to economies battered by the world’s worst ever energy crisis, but hopes the truce will quickly restore normal oil and gas flows from the Middle East are almost certainly misplaced. U.S. President Donald Trump on Tuesday agreed to a two-week ceasefire, conditional on Iran pausing …

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Trump Threatens to Hit Iran Infrastructure on Tuesday if Strait Remains Blocked

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U.S. President Donald Trump said his deadline for Iran to open the Strait of Hormuz or face attacks on critical infrastructure is Tuesday evening, according to an interview he gave to the Wall Street Journal on Sunday. “If they don’t do something by Tuesday evening, they won’t have any power plants and they won’t have …

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US Intelligence Warns Iran Unlikely to Ease Hormuz Strait Chokehold Soon

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  Recent U.S. intelligence reports warn that Iran is unlikely to open the Strait of Hormuz any time soon because its grip on the world’s most vital oil artery provides the only real leverage it has over the United States, according to three sources familiar with the matter. The finding suggests that Tehran could continue …

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WATCH: Venezuelan Opposition Leader MARIA CORINA MACHADO Speaks at CERAWeek – Proposes to “Unlock” Venezuelan Oil and Have Govenrment Get Out of the Way

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Venezuelan opposition leader and Nobel Laureate Maria Corina Machado addresses delegates at the 44th annual CERAWeek by S&P Global in Houston the week of March 23, 2026. Top oil executives, senior U.S. government officials and influential policymakers from around the world are gathering in Houston, Texas, for S&P Global’s annual CERAWeek conference. The gathering took …

WATCH: Venezuelan Opposition Leader MARIA CORINA MACHADO Speaks at CERAWeek – Proposes to “Unlock” Venezuelan Oil and Have Govenrment Get Out of the Way Read More »

Trump Summons Amazon, Google, Meta to Sign Power-Cost Pledge

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Bloomberg News President Donald Trump is convening technology executives at the White House next week to sign pledges committing their companies to foot the electricity bill for energy-hungry data centres. Representatives of firms including Amazon.com Inc., Meta Platforms Inc., Microsoft Corp. and Google parent Alphabet Inc. are expected to attend a March 4 event with the president, a White House official said. Others on the invite …

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