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Summary Oil benchmarks pare gains of as much as 3% Brent, WTI on course for falls of more than 7% for the week (Reuters) – Oil prices pared early gains on Friday, a day after renewed fighting near the Strait of Hormuz raised new questions about the ceasefire between the United States and Iran. Brent …
Oil Pares Early Gains a Day After Renewed US-Iran Fighting Read More »
Summary US crude oil stocks expected to fall further Brent crude drops below $100 a barrel Benchmarks set for biggest daily declines in a month (Reuters) – Oil prices extended declines on Wednesday, slumping to two-week lows after a Pakistani source said that the United States and Iran were nearing an initial peace deal. Brent crude …
Oil Slides After Pakistani Source Says US and Iran are Close to Framework Peace Deal Read More »
Summary Iran counters with Gulf attacks on vessels and UAE oil port US Navy escorts Maersk vessel through Hormuz (Reuters) – Global oil prices slipped on Tuesday a day after the United States launched an operation aimed at reopening the Strait of Hormuz to shipping, although exchanges of fire between the U.S. and Iran limited the …
Global Oil Slips But Middle East Fighting Limits Losses Read More »
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 …
Trump Says US Navy Acting ‘Like Pirates’ to Carry Out Naval Blockade of Iranian Ports Read More »
Iran sends peace talks proposal to Pakistani intermediaries Brent crude and WTI on track for strong weekly gains UAE official says unilateral Iranian arrangements for Hormuz cannot be trusted HOUSTON, May 1 (Reuters) – An Iranian proposal on negotiations with the U.S. sent crude oil futures diving on Friday, but prices remained on track for …
Crude Futures Fall on New Iran Proposal for Peace Talks Read More »
Summary Global oil benchmark Brent hits $126.41 a barrel, highest since March 2022 US considers possible military action to break Iran negotiation deadlock, news report says Oil supply disruptions persist as Strait of Hormuz remains closed OPEC+ to raise output quotas slightly; UAE exit seen as limited near-term market impact (Reuters) – Global oil prices …
Global Oil Price Retreats After Hitting 4-Year High on Concern of US-Iran War Escalation Read More »
Summary Trump unhappy with latest Iranian proposal to end war stalemate Iranian oil tankers turned back by US blockade ADNOC LNG tanker crosses Hormuz for first time since Iran war (Reuters) – Oil prices rose 3% on Tuesday, extending the previous session’s gains, as efforts to end the U.S.-Iran war appeared to have stalled, with …
Oil Prices Rise 3% as Iran War Stand-off Persists Read More »
Summary Trump says Iran can call if it wants to talk Iranian envoy shuttles between Pakistan, Oman and Russia Goldman Sachs raises fourth-quarter oil price forecasts (Reuters) – Oil prices jumped almost 3% on Monday as peace talks between the U.S. and Iran stalled and shipments through the Strait of Hormuz remained limited, …
By Laila Kearney and Alex Lawler Iran to make offer aimed at satisfying US demands, Trump tells Reuters Trump to send Witkoff and Kushner to Pakistan for Iran talks, CNN reports WTI falls on the day, but both benchmarks rise on the week NEW YORK/LONDON, April 24 (Reuters) – Oil prices whipsawed in volatile trade …
Oil Prices End Volatile Session Mixed But Up Sharply for the Week on Supply Worries Read More »
Summary Oil on track for second-largest weekly rise since Iran war began Brent up 18% so far this week, WTI up 16% Trump says he would not set a timetable for ending the conflict (Reuters) – Oil rose on Friday on concerns of a renewed military escalation in the Middle East after Iran released footage of commandos …
Oil Rises on Concern Over Escalating Middle East tensions Read More »
