Oil and Gas Prices
News
June 19, 2026
After months of disruption, oil and LNG shipments are beginning to flow through the Strait of Hormuz again, helping push Brent crude back toward $80/bbl. But questions remain over shipping rules, insurance requirements and long-term U.S.-Iran negotiations.
News
June 17, 2026
Iraq is preparing to increase crude exports from its southern ports as a U.S.-Iran agreement to reopen the Strait of Hormuz approaches, with state marketer SOMO coordinating tanker nominations and export logistics ahead of a gradual recovery in Gulf oil flows.
News
June 16, 2026
Brent crude fell below $80/bbl for the first time in more than three months as markets priced in increased oil supply following the U.S.-Iran agreement to reopen the Strait of Hormuz. Analysts lowered price forecasts as expectations grew for a recovery in Persian Gulf exports.
News
June 15, 2026
Oil prices moved lower Monday as traders assessed the U.S.-Iran agreement to reopen the Strait of Hormuz, with uncertainty remaining over how quickly shipping traffic and crude exports can return to normal.
News
June 11, 2026
Even as flows through the Strait of Hormuz gradually improve, Enverus warns the damage to global oil inventories may already be done. New modeling suggests OECD stocks could fall to a 20-year low, keeping Brent above $100/bbl well into 2027.
News
June 10, 2026
WTI crude settled above $91 per barrel after President Trump warned of possible new strikes against Iran and U.S. government data showed a larger-than-expected draw in crude inventories, adding to concerns over global oil supplies.
News
June 01, 2026
Oil prices climbed sharply after reports that Iran plans to suspend communications with the United States, raising concerns about ongoing ceasefire negotiations and efforts to restore energy exports through the Strait of Hormuz.
News
May 26, 2026
Oil prices rebounded as renewed military tensions between the U.S. and Iran complicated negotiations aimed at reopening the Strait of Hormuz, prolonging uncertainty across global crude and LNG markets.
News
May 25, 2026
Oil prices fell sharply as U.S. and Iranian officials signaled progress toward a potential agreement to reopen the Strait of Hormuz, easing concerns over global crude and LNG supply disruptions.
News
May 18, 2026
President Donald Trump said he postponed a planned military strike on Iran after appeals from Gulf allies seeking more time for negotiations, easing immediate fears of further disruption to global oil markets.
News
May 15, 2026
The U.S. and China called for reopening the Strait of Hormuz following talks between President Donald Trump and Chinese President Xi Jinping, though negotiations over the Iran conflict remain deadlocked as oil prices continue climbing.
News
May 07, 2026
Citigroup said oil markets are likely to remain highly volatile as traders react to shifting expectations surrounding a possible U.S.-Iran agreement and the reopening of the Strait of Hormuz.
News
May 06, 2026
Oil and gas prices fell sharply after reports that the U.S. and Iran are nearing a deal that could reopen the Strait of Hormuz and ease global supply disruption.
News
April 29, 2026
Oil prices surged toward $120 per barrel as the Iran war and continued closure of the Strait of Hormuz tighten global supply and fuel a growing energy crisis.
News
April 29, 2026
President Trump has rejected Iran’s proposal to reopen the Strait of Hormuz, maintaining a naval blockade that continues to disrupt global oil supply.
News
April 19, 2026
As Iran again closes the Strait of Hormuz after a brief reopening, energy analyst Arjun Murti tells World Oil that markets may be misreading the situation, with no clear “open” or “closed” outcome in sight.
News
April 17, 2026
Iran’s reopening of the Strait of Hormuz eased oil prices at the end of a volatile week, but markets remain on edge as shipping flows and ceasefire stability come into focus.
News
April 16, 2026
Petrobras shareholders vote on a new board this week as surging oil prices intensify pressure on Brazil’s fuel pricing policy. The outcome could shape how the state-controlled company balances political priorities with market realities.
News
April 08, 2026
Oil and gas prices dropped sharply after a U.S.-Iran ceasefire deal, but the market remains on edge as Strait of Hormuz flows are still largely restricted. With more than 800 vessels stranded and supply disruptions lingering, the pace of recovery remains highly uncertain.
News
March 30, 2026
WTI crude settled above $100 per barrel for the first time since 2022, as the Iran conflict and disruptions in the Strait of Hormuz tighten global oil supply, raising concerns over inflation, shipping constraints and further upside risk for energy prices.
News
March 30, 2026
The G-7 signaled it is prepared to take coordinated action to stabilize global oil and gas markets as the Iran conflict drives volatility, with officials reaffirming support for strategic reserves, secure supply flows and measures to limit disruptions to energy trade and pricing.
