WTI Crude (Sep'25)
Oil jumps more than 2% after Vance says Iran ignored key U.S. demand, military strikes on the table
Oil prices rose more than 2% on Wednesday, after Vice President JD Vance said Iran did not address U.S. red lines in nuclear talks this week and President Donald Trump reserves the right to use military force. U.S. crude oil rose $1.56, or 2.5%, to $63.89 per barrel. Global benchmark Brent was up $1.61, or […]
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Oil prices fall as Iran sees progress in nuclear talks with U.S.
Oil prices fell Tuesday after Iran’s foreign minister said progress was made during nuclear talks with the U.S., fueling hopes that negotiations could prevent another conflict in the Middle East. U.S. crude oil fell 56 cents, or 0.89%, to close at $62.33 per barrel. Global benchmark Brent lost $1.23, or 1.79%, to settle at $67.42. […]
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Iran partially closes Strait of Hormuz, a vital oil chokepoint, as U.S. talks get underway
Iranian Navy soldiers at an armed speed boat in Persian Gulf near the strait of Hormuz about 1320km (820 miles) south of Tehran, April 30, 2019. Morteza Nikoubazl | Nurphoto | Getty Images Iran partially closed the strategically vital Strait of Hormuz on Tuesday, state media reported, citing “security precautions” as Tehran’s Revolutionary Guards conduct […]
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Oil rises 2% on US–Iran tensions, improved demand
Oil held steady on Wednesday as U.S.–Iran talks continued, with lingering geopolitical uncertainty helping to underpin prices. Bloomberg Creative Photos | Bloomberg Creative Photos | Getty Images Oil prices gained about 2% on Wednesday, buoyed by potential supply risks should tensions between the U.S. and Iran escalate, while draws of crude from key stockpiles suggested […]
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Oil gains as traders weigh supply risks linked to US–Iran tensions
Oil prices eased slightly on Tuesday after U.S. guidance for vessels transiting the Strait of Hormuz kept attention on tensions between Washington and Tehran. Aldo Pavan | The Image Bank | Getty Images Oil prices edged up on Tuesday as traders gauged the potential for supply disruptions after U.S. guidance for vessels transiting the Strait of Hormuz […]
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Trump holds leverage over Iran thanks to low oil prices, Energy Secretary says
Low oil prices give President Donald Trump more leverage over Iran, U.S. Energy Secretary Chris Wright said Friday, speaking as the two adversaries teeter on the brink of another conflict. “The world is very well supplied with oil right now, and I think it gives President Trump more leverage in his geopolitical actions to not […]
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Oil prices jump after Trump says Iran supreme leader ‘should be very worried’
Tankers docked at the Phillips 66 Freeport Terminal in Freeport, Texas, US, on Friday, Jan. 16, 2026. Mark Felix | Bloomberg | Getty Images Oil prices rose Wednesday after President Donald Trump said Iran’s Supreme Leader Ayatollah Ali Khamenei “should be very worried.” U.S. crude oil rose $1.82, or 2.88%, to $65.08 a barrel by […]
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Trump says India will buy oil from Venezuela
U.S. President Donald Trump on Saturday said India will buy Venezuelan oil, helping to replace some of the Russian oil that the world’s third-biggest oil importer buys. “We’ve already made that deal, the concept of the deal,” Trump told reporters aboard Air Force One as he traveled to his vacation home in Florida from Washington. […]
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Iranian media report explosion at southern port of Bandar Abbas
An explosion occurred at Iran’s southern port of Bandar Abbas on Saturday, Iranian media reported, without giving a cause for the blast. The semi-official Tasnim news agency said that social media reports alleging that a Revolutionary Guard navy commander was targeted in the explosion were “completely false”. Iranian media said the blast was being investigated […]
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Oil prices rise more than 2% as Trump weighs strikes on Iran
Crude oil prices rose more than 2% on Thursday as President Donald Trump weighed military strikes on OPEC member Iran. U.S. crude rose $1.56, or 2.5%, to $64.77 per barrel. Global benchmark Brent was up $1.59, or 2.3%, to $69.99 per barrel. Multiple sources told Reuters that Trump is weighing targeted strikes on Iranian security […]
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