https://www.gurutrade.com/news/oil/rss/ GuruTrade. - The latest news of the oil market and experts opinion on the GuruTrade. Tue, 18 Aug 2026 11:33:44 +0300 50 en https://www.gurutrade.com/news/oil-rises-on-iran-war-stalemate-near-term-gains-limited-1786967752.html Fewer ships through Strait of Hormuz after tanker attack reports Trump urges Americans to accept slightly higher gasoline prices UAE39;s ADNOC sells at least 14 mln bbls crude in latest tender, traders say Aug 17 Reuters Oil prices rose on Monday on a lack of progress in diplomatic efforts to resolve the Middle East conflict, though the absence of major supply outages limited gains. Brent crude futures were up 92 cents, or 1.04, at 89.44 by 1002 GMT after hitting a session high of 89.68. U.S. West Texas Intermediate crude futures rose 55 cents or 0.67 to 82.95 a barrel. Both contracts gained more than 5 last week following attacks on tankers operated by the Abu Dhabi National Oil Company in the Hormuz strait and on a Saudi Aramco refinery. But Bjarne Schieldrop at SEB Research said that prices were unlikely to move substantively higher unless there was a halt in the current flow of crude out through the Strait of Hormuz at night andor a closure of the Bab elMandeb Strait. For now, prices were trading close to 90 as traders weigh the risk of deeper disruption and shortages against the possibility of a resolution where the Strait of Hormuz is reopened and oil prices fall sharply, Schieldrop said. Over the weekend, Iranian Foreign Minister Abbas Araqchi said Iran had not decided to resume talks with the United States, while U.S. President Donald Trump urged Americans to accept slightly higher gasoline prices while the conflict continues. Iran39;s Foreign Ministry... https://www.gurutrade.com/news/oil-rises-on-iran-war-stalemate-near-term-gains-limited-1786967752.html Mon, 17 Aug 2026 12:50:54 +0300 https://www.gurutrade.com/news/oil-rises-after-us-threatens-indefinite-blockade-of-iran-1786692629.html NEW DELHI, Aug 14 Reuters Oil prices gained on Friday after the United States threatened an indefinite naval blockade of Iran, reviving concerns about supply of crude after the previous session39;s fall on a weaker outlook for demand and a large build in U.S. stocks. Brent futures rose 90 cents, or 1.03, to 87.97 a barrel by 0653 GMT, while U.S. West Texas Intermediate WTI crude futures rose 91 cents to 82.16 a barrel. The benchmarks were on track for weekly rises of about 4 after the prior session39;s fall of more than 2, paring gains following Brent39;s sixsession rally and a fivesession rise for WTI. Despite the bearish crude stock data, the broader geopolitical backdrop is preventing a sharper price decline, Susan Bell, senior vice president for oil commodity markets at Rystad Energy said in a note. On Thursday, the United States warned that it could maintain a naval blockade of Iran indefinitely and ramp up economic pressure on Tehran as ceasefire talks have stalled. Watch this space for more announcements coming next week because we are going to apply measures like have never been seen in the history of economic isolation of a country, Treasury Secretary Scott Bessent told Newsmax39;s Rob Schmitt Tonight programme in an interview. The latest U.S. threats come as Iran curbs flows through the Strait of Hormuz, which carried 20 of the worlds oil before the conflict, driving up fuel prices and putting pressure on President Donald Trump to end a war that is... https://www.gurutrade.com/news/oil-rises-after-us-threatens-indefinite-blockade-of-iran-1786692629.html Fri, 14 Aug 2026 10:10:27 +0300 https://www.gurutrade.com/news/oil-slips-on-weaker-demand-outlook-and-higher-us-stocks-1786613374.html Brent, WTI fall 1 Iran says no progress on reviving interim peace deal with US Both IEA and OPEC lower 2026 oil demand forecasts LONDON, Aug 13 Reuters Oil prices declined on Thursday as investors assessed prospects for weaker global demand this year and higher U.S. crude stocks, while prices found support from a lack of progress in talks over the blockaded Strait of Hormuz and disruptions to supply. Brent futures were down 91 cents, or 1, to 88.07 a barrel at 0800 GMT, trimming gains over the prior six sessions. U.S. West Texas Intermediate WTI crude fell 96 cents, or 1.2, to 82.31, after advancing over the past five sessions. Crude inventory build in the U.S. kept prices below 90 a barrel along with lower demand estimates by the Organization of the Petroleum Exporting Countries and the International Energy Agency, PVM analyst John Evans said. U.S. commercial crude oil inventories made their largest weekly gain since January 2023 as exports slumped, data from the Energy Information Administration showed on Wednesday. Crude inventories rose by 17.4 million barrels to 424.4 million in the week ended August 7, their highest since June 5, the EIA said, versus Reuters poll expectations for a 1.4 millionbarrel draw. On the same day, OPEC lowered its world oil demand growth forecast for 2026 to 580,000 barrels per day in its monthly oil market report. The IEA said it expected a contraction of 1.6 million bpd in consumption this year, versus a forecast of 1 million... https://www.gurutrade.com/news/oil-slips-on-weaker-demand-outlook-and-higher-us-stocks-1786613374.html Thu, 13 Aug 2026 11:50:15 +0300 https://www.gurutrade.com/news/oil-rises-after-attacks-on-ships-in-hormuz-bab-el-mandeb-1786525864.html Benchmarks Brent and WTI extend gains US and Houthis attack ships in Gulf, Red Sea straits US crude inventories rise, refined fuels draw, industry data shows LONDON, Aug 12 Reuters Oil prices rose on Wednesday after attacks on two ships reinforced worries about disruptions to Middle East supplies, while industry data showing swelling inventories of U.S. crude might keep bulls in check. Brent futures were up 90 cents, or 1, at 89.81 a barrel by 0757 GMT, set for their sixth day of gains. U.S. West Texas Intermediate WTI crude climbed 88 cents, or 1.1, to 84.08, up for a fifth day. Both contracts earlier rose more than 1. The United States and Yemen39;s Iranaligned Houthis reported separate attacks on shipping in the Strait of Hormuz and the Bab elMandeb Strait on Tuesday, two crucial export valves for Middle Eastern oil and gas in addition to the Suez canal. Iran39;s top security official said Hormuz would stay closed unless the U.S. accepted Iran39;s conditions to end the war, including release of its frozen assets. Shipping data showed the number of vessels transiting Hormuz fell to a oneweek low of eight on Tuesday. Before the war, 125 to 140 vessels passed through the crucial waterway each day. In Libya, the country39;s National Oil Corporation said all fires at fuel storage tanks in the Zawiya oil complex were under control. On the supply front, a Reuters poll showed that U.S. crude oil and fuel inventories were expected to have fallen last week. However,... https://www.gurutrade.com/news/oil-rises-after-attacks-on-ships-in-hormuz-bab-el-mandeb-1786525864.html Wed, 12 Aug 2026 11:50:18 +0300 https://www.gurutrade.com/news/oil-up-2-extending-gains-on-dimming-us-iran-peace-hopes-1786445803.html Brent and WTI hit highest since July 31 Hopes for Hormuz deal fade as Trump demands Iranian reparations Gulf shipping traffic via Strait of Hormuz falls to six vessels Cargo ship attacked in the Red Sea, sources say Aug 11 Reuters Oil prices rose more than 2 on Tuesday to their highest in more than a week as ongoing disruption to Middle East energy flows and fading hopes for a U.S.Iran peace deal heightened concern over global oil supplies. Brent crude futures rose 2.09, or 2.38, to 89.81 a barrel by 0952 GMT. U.S. West Texas Intermediate crude futures were up 2.15, or 2.62, at 84.28. Both benchmarks were trading at their highest since July 31. Both contracts had jumped more than 5 on Monday after U.S. President Donald Trump responded to Iran39;s conditions for a peace deal with his own demands that Iran pay compensation for people killed in wars, attacks and protests, which is likely to complicate efforts to reopen the Strait of Hormuz. Later in the day he added that the U.S. had control of the strait and had swept the strategic oil waterway for Iranian mines. There39;s no clear path to a solution and to a full reopening of the strait at this point in time, and that39;s adding renewed upside pressure on prices, said Saxo Bank39;s head of commodity strategy, Ole Hansen, adding that meaningful supply disruption is ongoing. Shipping data showed that traffic through the Strait of Hormuz dropped to six vessels on Monday, compared with a 10day average of about 11... https://www.gurutrade.com/news/oil-up-2-extending-gains-on-dimming-us-iran-peace-hopes-1786445803.html Tue, 11 Aug 2026 01:30:24 +0300 https://www.gurutrade.com/news/oil-prices-firm-on-concerns-over-strait-of-hormuz-plans-1786100615.html Oil prices edged lower on Friday as investors weighed signals that Gulf states and Iran were closing in on a deal to reopen the Strait of Hormuz under a temporary arrangement aimed at allowing for broader talks to bring the Iran war to a close. Brent crude futures were down 57 cents, or 0.7, at 81.92 a barrel at 1014 GMT. U.S. West Texas Intermediate futures fell 33 cents, or 0.4, to 76.96. Oil futures settled more than 3 a barrel higher on Thursday as Iran reviewed a bill to ban U.S. and Israeli vessels from the Strait of Hormuz, through which roughly a fifth of the worlds oil and liquefied natural gas normally passed before the war began at the end of February. Prices fell earlier in the week as a possible solution to the conflict looked more likely, and both benchmarks are on course for a weekly loss of about 9. Still, analysts said that this week39;s developments have signalled that hostilities between Iran and the U.S. are not yet over. Iran is seeking fees of between 5 and 7 of the price of cargoes from ships using the strait, a senior Iranian official said. Oman, meanwhile, is discussing fees of about 3 while Washington wants no fees at all. Four industry sources have said the proposed deal is not easily workable because of U.S. sanctions and restrictive insurance clauses on any payments. The structure of the IranOman agreement in its current form and the power it yields to Iran is nothing that U.S. President Donald Trump can accept politically, said Bjarne... https://www.gurutrade.com/news/oil-prices-firm-on-concerns-over-strait-of-hormuz-plans-1786100615.html Fri, 07 Aug 2026 01:40:37 +0300 https://www.gurutrade.com/news/oil-gains-as-investors-cautious-over-iran-oman-talk-progress-1786004450.html Iran says deal with Oman on Strait of Hormuz is in final stages Houthi attacks on Saudi tanker renew supply tensions Saudi Arabia cuts Arab Light September OSP for Asia Zelenskiy says Ukraine39;s military hit two oil refineries in Russia Aug 6 Reuters Oil prices rose on Thursday as investors remained cautious on the outcome of IranOman talks and whether they will restore flows via the Strait of Hormuz, while reports of attacks on Saudi tankers in the Red Sea and Gulf of Aden renewed supply tensions. Brent crude futures gained 48 cents, or 0.60, to 79.93 a barrel by 0755 GMT. U.S. West Texas Intermediate futures added 29 cents, or 0.39, to 75.51 a barrel. Traders still remember the shortlived Memorandum of Understanding signed in June, so there is understandable anxiety that any new deal could prove equally fragile, said Tim Waterer, chief market analyst at KCM Trade. Iran and Oman have reached an understanding on the geographic coordinates for a shipping route through the Strait of Hormuz, and a joint announcement is being finalised, provided certain third parties did not interfere, Iran39;s Foreign Ministry spokesperson Esmaeil Baghaei said on Wednesday. A proposed deal between Iran and Oman to help end the U.S.Iran conflict would give Tehran control over ships entering the Gulf through the Strait of Hormuz, a senior Iranian source and two regional officials told Reuters on Wednesday, one of the biggest concessions yet to Iran. Before the conflict began in... https://www.gurutrade.com/news/oil-gains-as-investors-cautious-over-iran-oman-talk-progress-1786004450.html Thu, 06 Aug 2026 11:10:23 +0300 https://www.gurutrade.com/news/oil-gains-as-talks-to-end-us-iran-war-remain-uncertain-1785834161.html Brent crude up more than 1 after dropping over 7 to Monday39;s 3week low Trump says talks with Iran underway, Iran denies claim Shipping traffic at key Gulf waterways little changed Goldman sees Brent at 8090 until Iran deal clarity or significant escalation Aug 4 Reuters Oil prices rose on Tuesday as a diplomatic resolution to the U.S.Iran conflict remained uncertain, while disruptions to oil flows through key shipping routes persisted. Frontmonth Brent futures rose 1.04, or 1.24, to 84.81 a barrel by 0800 GMT after dropping 7 in the previous session to a threeweek low. U.S. West Texas Intermediate WTI crude was up 30 cents, or 0.37, at 80.64 a barrel after falling more than 5 in the previous session to its lowest in nearly a week. Prices had dropped after U.S. President Donald Trump said on Sunday he was holding off on new attacks on Iran pending ongoing talks to end their war and settle claims over control of the key Strait of Hormuz. On Monday, however, Iran39;s Foreign Ministry spokesman Esmail Baghaei rejected Trump39;s claim, saying no negotiations with the U.S. were taking place and no meetings were scheduled. The subsequent marginal gain in prices suggests that investors remain reluctant to fully price out the risk of renewed escalation leaving the market front and centre influenced by geopolitical headlines, said Ahmad Assiri, research strategist at Pepperstone. GULF SHIPPING TRAFFIC LITTLE CHANGED The Hormuz dispute is a central sticking point in... https://www.gurutrade.com/news/oil-gains-as-talks-to-end-us-iran-war-remain-uncertain-1785834161.html Tue, 04 Aug 2026 11:30:48 +0300 https://www.gurutrade.com/news/oil-slumps-on-iran-deal-hopes-yen-firms-post-intervention-1785742430.html Yen pushes away from 40year low after joint intervention Trump calls joint currency operation a sign of friendship Oil prices drop after Trump says Iran talks to happen on Monday SINGAPORE, Aug 3 Reuters Oil prices skidded and U.S. and European stock futures rose on Monday as hopes of a peace deal in the Middle East grew, while the yen firmed to a threemonth high after the U.S. and Japan confirmed joint intervention to prop up the frail currency. Brent crude futures sank more than 4 to 83.88 a barrel after U.S. President Donald Trump said talks with Iran will happen on Monday. He had earlier called off an imminent attack on Iran to reach a deal to reopen the Strait of Hormuz and resolve the impasse over Tehran39;s nuclear capabilities. SP 500 futures rose 0.6 while Nasdaq futures gained 0.8. European futures were 0.8 higher. Asian stocks struggled at the start of the week after a turbulent July that saw wild swings on worries over the AI trade as investors fretted over massive capital spending and whether it will provide returns quickly enough. Japan39;s Nikkei dropped 1, while South Korea39;s KOSPI slid more than 5. MSCI39;s broadest index of AsiaPacific shares outside Japan was down 1. YEN BEARS COWER AFTER JOINT INTERVENTION The Japanese yen strengthened 0.5 to 156.49 per U.S. dollar after a sudden move earlier in the day to its strongest since early May of 155.2, putting traders on alert for another bout of intervention. Japan and the U.S. conducted... https://www.gurutrade.com/news/oil-slumps-on-iran-deal-hopes-yen-firms-post-intervention-1785742430.html Mon, 03 Aug 2026 09:00:51 +0300 https://www.gurutrade.com/news/oil-falls-more-than-1-on-greater-flows-despite-us-iran-war-1785483679.html July 31 Reuters Oil prices fell on Friday but kept on track for a monthly rise of about a fifth, as more supplies flowed through crucial maritime chokepoints, despite a lack of major breakthroughs in talks between the United States and Iran. Brent futures fell 1.44, or 1.6, to 87.59 a barrel by 0658 GMT, while U.S. West Texas Intermediate WTI crude slipped 1.59, or 1.9, to 82 a barrel. On a monthly basis, both benchmarks were set to rise about 20. Crude oil is edging lower as rising Middle East tension is being offset by signs of increased flows in the Strait of Hormuz, said Daniel Hynes, a senior commodity analyst at ANZ. The strait, which usually carries about a fifth of global shipments of crude oil and liquefied natural gas, has been a focal point for oil markets as it has been largely blockaded since the February 28 launch of the U.S.Israeli war on Iran. Saudi Arabia seeks to lead a coalition to boost defence cooperation in the Bab elMandeb strait, the Red Sea and the Gulf of Aden, all chokepoints for energy supplies. The Saudi defence ministry said 14 nations, including Djibouti, Egypt, Pakistan, Sudan and Turkey, were in support of the multinational maritime defence coalition. Iranaligned Houthi militants in Yemen declared a naval blockade last week on Saudi Arabia, threatening the Red Sea route for its oil exports, an alternative to the Strait of Hormuz. Although tanker traffic has continued through the Strait of Hormuz and the Red Sea, higher security... https://www.gurutrade.com/news/oil-falls-more-than-1-on-greater-flows-despite-us-iran-war-1785483679.html Fri, 31 Jul 2026 10:10:01 +0300 https://www.gurutrade.com/news/oil-jumps-7-on-escalating-middle-east-airstrikes-1785344834.html Trump vows response to Iran attack on US troops in the Middle East Analyst expects nearterm Brent to whipsaw in 80100 range Strait of Hormuz tanker traffic remains low, shipping data shows Yemen39;s Houthis considering fees for ships sailing through Red Sea, sources say NEW YORK, July 29 Reuters Oil prices climbed 7 on Wednesday as airstrikes resumed in the Middle East, adding to worries about dwindling supply as U.S. government data showed crude inventories fell to a multiyear low. Brent futures were up 6.16, or 7.33, at 90.25 a barrel by 1136 a.m. ET 1536 GMT. U.S. West Texas Intermediate crude gained 5.40, or 6.81, to 84.65 a barrel. Renewed military strikes in the Middle East and Iranian officials reiterating that they want to control shipping activity through the Strait of Hormuz amid depressed oil flows through the strait are lifting oil prices again, UBS analyst Giovanni Staunovo said. The U.S. and Saudi Arabia launched strikes on Iranbacked groups in Iraq on Wednesday, blaming them for drone attacks on Saudi oil facilities. The strikes came hours after the U.S. military said it had averted a surprise Iranian attack on U.S. troops in the region. Iran said it had fired on ships in the Strait of Hormuz and at U.S. bases in Jordan. Prices surged even higher after President Donald Trump, in an interview with Fox News, promised further strikes against Iran. STRAIT OF HORMUZ IN FOCUS Tehran has ruled out Oman39;s proposal for regional joint management of... https://www.gurutrade.com/news/oil-jumps-7-on-escalating-middle-east-airstrikes-1785344834.html Wed, 29 Jul 2026 07:20:52 +0300 https://www.gurutrade.com/news/oil-hits-one-week-low-as-pause-in-attacks-fuels-deal-hopes-1785227621.html Brent, WTI trend lower for third session US having 39;good talks39; with Iran, President Trump says Omani proposal to Iran on Hormuz has regional backing, source says Bab elMandeb shipping rises amid hopes of resolution in USIran war July 28 Reuters Oil prices extended losses on Tuesday, hitting their lowest levels in more than a week as hopes for a resolution to the U.S.Iran conflict grew and traders continued to assess developments in the Middle East. Brent crude futures were down 1.75, or 1.98, at 86.61 by 0739 GMT, after hitting their lowest level since July 17. U.S. West Texas Intermediate crude was at 81.35 a barrel, down 1.26, or 1.53, after marking its lowest since July 20. U.S. President Donald Trump said on Monday Washington was having good talks with Iran and that there was the chance of a resolution. However, he said U.S. strikes would resume if negotiations failed while Iran issued similar comments about retaliation. While flows of vessels through the Strait of Hormuz remain low, the market hopes the situation improves based on new talks between Oman and Iran on a new mechanism for Hormuz, said UBS analyst Giovanni Staunovo. Oman has presented a proposal to Iran for a joint regional mechanism to manage the Strait of Hormuz with voluntary fees, a Gulf source told Reuters on Tuesday. The Strait of Hormuz handles roughly a fifth of global oil consumption and is one of the world39;s most important oil shipping chokepoints. The conflict has disrupted... https://www.gurutrade.com/news/oil-hits-one-week-low-as-pause-in-attacks-fuels-deal-hopes-1785227621.html Tue, 28 Jul 2026 11:10:04 +0300 https://www.gurutrade.com/news/oil-prices-near-one-week-low-as-us-and-iran-pause-strikes-1785166166.html Trump pauses attacks to allow more time for diplomacy, US ambassador says Strait of Hormuz traffic stays low despite pause in conflict Kazakhstan39;s daily oil output halves after exporting terminal closure, source says LONDON , July 27 Reuters Oil prices hovered around a oneweek low on Monday after the U.S. and Iran paused strikes over the weekend following two weeks of attacks, raising hopes of a diplomatic solution that would deescalate the conflict and allow shipping to resume in the Strait of Hormuz. Brent crude futures fell 5.85, or around 6, to 90.93 a barrel by 1309 GMT. They fell as low as 9.5 earlier in the session to 87.55 a barrel. U.S. West Texas Intermediate crude was at 84.33 a barrel, down 4.98, or around 5.6 and going as low as 8 earlier in the day to 82.12 a barrel. Both contracts were trading at their lowest levels since July 20 earlier in the session. Brent had reached 100 per barrel as the conflict, which reduced oil shipments via the Strait of Hormuz, spilled over to the Red Sea, hindering exports from the world39;s top exporter, Saudi Arabia, via the Bab elMandeb strait to Asia. The U.S. ambassador to the United Nations, Mike Waltz, told Fox News Sunday and other U.S. media that President Donald Trump had decided to pause U.S. attacks to allow more time for diplomacy The market seems to be forever seeking good news from an arena that really is not providing any, said PVM analyst John Evans. A stay of military strikes might seem an... https://www.gurutrade.com/news/oil-prices-near-one-week-low-as-us-and-iran-pause-strikes-1785166166.html Mon, 27 Jul 2026 04:50:06 +0300 https://www.gurutrade.com/news/oil-prices-head-for-weekly-rise-on-middle-east-escalation-1784879157.html Brent, WTI down 1; set for over 10 weekly gain Trump vows to punish Iran for Houthi attacks in Red Sea Hormuz tanker crossings subdued BEIJINGSINGAPORE, July 24 Reuters Oil futures prices retreated on Friday but are still set for hefty weekly gains because of concerns about disrupted energy flows in the Red Sea and fears of further escalation in the U.S.Israeli war on Iran. Brent futures fell 1.12, or 1.11, to 99.55 a barrel at 0648 GMT, having settled up 7 above 100 in the previous session for the first time since May, after Iranaligned Houthis said they struck two Saudi oil tankers in the Red Sea. The contract remained on course for a 13 advance this week. West Texas Intermediate WTI futures was down 1.12 or 1.21 at 91.06 a barrel, on track for an 10.4 weekly rise. The potential supply disruptions facing the market now are larger than at any time during the war, ING analysts said in a note on Friday. Not only have oil flows through the Strait of Hormuz essentially dried up, but there are clear risks to Saudi oil flows from the Red Sea. Further escalation in the Gulf and fears of a widening conflict are putting a significant amount of oil supply at risk. The number of tankers crossing through the Strait of Hormuz fell to just one on Thursday, the lowest since May 7, according to shiptracking data from Kpler, an analytics firm. The Bab elMandeb shipping route controls access from the Red Sea to the Indian Ocean and is the secondmostimportant oil channel after... https://www.gurutrade.com/news/oil-prices-head-for-weekly-rise-on-middle-east-escalation-1784879157.html Fri, 24 Jul 2026 10:10:47 +0300 https://www.gurutrade.com/news/oil-rises-5th-day-on-supply-concerns-amid-chokepoint-threats-1784791438.html Brent crude up, at its highest since June 8 Iran39;s Revolutionary Guards say Strait of Hormuz is under their control and 39;completely closed39; U.S. completes 12th straight night of attacks on Iran July 23 Reuters Oil prices rose for a fifth day on Thursday on increasing concerns about supply availability amid attacks on tankers in the Red Sea by Yemen39;s Houthis and strikes between the U.S. and Iran that have once again nearly shut the Strait of Hormuz. Brent crude futures rose 2.42, or 2.6, to 96.49 by 0640 GMT, the highest since June 8, having settled up more than 3 at 94.07 in the previous session, just shy of a sixweek high. U.S. West Texas Intermediate crude climbed 1.59, or 1.8, to 88.42, after Wednesday39;s rise of 3. Iran39;s Revolutionary Guards said an oil tanker caught fire after an explosion while attempting to follow a route they described as mined, in the southern area of the Strait of Hormuz near the coast of Oman, while two others had turned back. In a statement the Guards said the strait was under their control and completely closed while U.S. actions continued in the region, warning that no tanker would be allowed to enter or leave without coordination with Iran. Besides the renewed conflict over control of the key waterway, the Iranaligned Houthis have opened a new front by targetting vessels carrying Saudi oil in the Bab elMandeb strait and trying to impose a naval blockade of Saudi Arabia. Oil prices are facing a rare risk from... https://www.gurutrade.com/news/oil-rises-5th-day-on-supply-concerns-amid-chokepoint-threats-1784791438.html Thu, 23 Jul 2026 09:50:49 +0300 https://www.gurutrade.com/news/oil-hits-near-6-week-highs-on-new-mideast-supply-risks-1784707674.html SINGAPORE, July 22 Reuters Oil prices extended gains to trade near sixweek highs on Wednesday as fears of further supply disruptions intensified after U.S. forces struck Iranian military targets for the 11th straight night, while oil tankers made Uturns in the Red Sea after warnings by Iranbacked Houthi militia. Brent crude futures rose 1.84, or 2.0, to 92.85 a barrel at 0630 GMT, the highest since June 11. U.S. West Texas Intermediate crude climbed 1.67, or 2, to 86.01, its highest since June 12. The gains came after oil settled at a fiveweek high on Tuesday in the wake of U.S. forces striking targets in southern and western Iran, while Iran attacked U.S. facilities in Bahrain, Kuwait and Jordan. The U.S. military said it began its latest strikes on Iran late on Tuesday in the United States, or early Wednesday in Iran. The U.S. attacks came a short while after the Kuwaiti army said its air defences were intercepting Iranian drones on Wednesday. The constant trading of strikes has raised fears of further disruptions to global energy supplies after Yemen39;s Iranaligned Houthis opened a new front in the Iran war by threatening to target vessels carrying Saudi oil in the Bab elMandeb Strait and announcing a naval blockade of Saudi Arabia. The Bab elMandeb waterway at the southern entrance to the Red Sea has become an increasingly important route for Saudi Arabian crude exports as traffic through the Strait of Hormuz has fallen sharply since a ceasefire between the... https://www.gurutrade.com/news/oil-hits-near-6-week-highs-on-new-mideast-supply-risks-1784707674.html Wed, 22 Jul 2026 10:00:48 +0300 https://www.gurutrade.com/news/oil-hits-5-week-high-on-us-iran-clashes-houthi-threat-1784652527.html Two tankers carrying Saudi crude to Asia reversed course in the Red Sea Tehran struck U.S. sites in Bahrain, Kuwait and Jordan as conflict widened JODI data showed Saudi crude exports fell for a third straight month in May NEW YORK, July 21 Reuters Oil prices climbed about 2 on Tuesday to a fiveweek high, on worries that energy supply disruptions could worsen in the Middle East due to more attacks between the U.S. and Iran and a threatened naval blockade of Saudi Arabia by Yemen39;s Houthis. Brent futures rose 2.12, or 2.4, to 91.34 a barrel at 1053 a.m. EDT 1453 GMT. U.S. West Texas Intermediate crude rose 1.80, or 2.2, to 85.03. Brent was on track for its highest close since June 10, WTI for its highest since June 11. Brent was in technically overbought territory for a seventh day in a row. Two oil tankers carrying Saudi crude to Asia reversed course in the Red Sea on Tuesday after threats from Yemen39;s Iranaligned Houthis. U.S. forces bombed targets in the south and west of Iran overnight, Tehran targeted U.S. sites in Bahrain, Kuwait and Jordan and at least one tanker was hit in the Strait of Hormuz. The optimist may see the latest American attacks as a last attempt to strengthen the negotiating position before a compromise is reached and the Strait of Hormuz is reopened, an SEB Research note said. However, the risk is a more prolonged stalemate, with continued uncertain energy flows, higher oil prices and recurring attacks. Two oil tankers carrying Saudi... https://www.gurutrade.com/news/oil-hits-5-week-high-on-us-iran-clashes-houthi-threat-1784652527.html Tue, 21 Jul 2026 06:50:14 +0300 https://www.gurutrade.com/news/oil-rises-on-us-iran-tensions-red-sea-closure-threat-1784286791.html Strait of Hormuz flows have slowed after last month39;s truce collapsed Iran pressed Houthis to disrupt Red Sea shipping if U.S. hits power sites IEA chief Fatih Birol warns that oil security risks could worsen within weeks LONDON, July 17 Reuters Oil prices rose by about 2 on Friday after the U.S. and Iran stepped up attacks across the Gulf, with shipping threatened by a potential Red Sea closure on top of the restricted traffic through the Strait of Hormuz. Brent crude futures rose by 1.53, or 1.82, to 85.76 a barrel by 0951 GMT. U.S. West Texas Intermediate futures gained 1.69, or 2.14, to 80.64. Both benchmarks have climbed nearly 13 this week, with Brent on track for a third consecutive weekly gain and WTI set for its second. The broken truce between the U.S. and Iran has resulted in a drop in oil flows out of the strait. Iran, meanwhile, has pressed the Houthi movement to close the Red Sea route if the U.S. strikes Iran39;s power infrastructure. Transit through the Red Sea has increased significantly since the start of the Iran war because of rerouted Saudi oil exports away from Hormuz, Commerzbank analysts wrote. Should a blockade of the Strait of Bab alMandab occur in the wake of further escalation, the price of oil in particular is likely to rise further, they wrote. Iran said it launched fresh strikes on U.S. facilities in the Middle East on Friday, including the first direct attack in Syria, after a sixth straight night of U.S. strikes on Iranian... https://www.gurutrade.com/news/oil-rises-on-us-iran-tensions-red-sea-closure-threat-1784286791.html Fri, 17 Jul 2026 01:50:11 +0300 https://www.gurutrade.com/news/oil-eases-as-traders-lock-in-gains-assess-iran-escalation-1784186740.html Prices turn down on profit taking, trader caution but geopolitical risks remain US reimposed naval blockade on Iran, limiting vessel transit Goldman Sachs says Q4 Brent price could range from 60s to over 110 depending on Gulf recovery TOKYOBEIJING, July 16 Reuters Oil prices turned lower on Thursday as traders took profits while assessing the risks from a new wave of U.S. strikes on Iranian military installations that stoked fears of renewed fullscale conflict and supply disruptions in the Strait of Hormuz. The U.S. struck Iran39;s coastal defences and missile sites on Wednesday after reimposing a naval blockade of its ports, while Tehran threatened to shut off more regional energy exports, saying it was engaged in an existential war with America. After initially rising for a fourth straight session, Brent crude futures slipped 44 cents, or 0.52, to 84.51 a barrel as of 0605 GMT, while U.S. West Texas Intermediate futures were down 23 cents, or 0.29, to 79.37 a barrel. Brent had gained almost 1 earlier in the session and both contracts remained close to onemonth highs. Geopolitical risks remain firmly supportive for oil, but after a strong rally, traders are adopting a waitandwatch approach, Phillip Nova senior market analyst Priyanka Sachdeva said. The focus has shifted from the threat itself to whether there is any tangible disruption to oil flows and how both the U.S. and Iran choose to respond in the coming days. Oil prices have gained this week as attacks... https://www.gurutrade.com/news/oil-eases-as-traders-lock-in-gains-assess-iran-escalation-1784186740.html Thu, 16 Jul 2026 10:10:41 +0300 https://www.gurutrade.com/news/oil-prices-rise-as-hostilities-worsen-in-the-middle-east-1784099352.html SINGAPORE, July 15 Reuters Oil extended gains on Wednesday as President Donald Trump reimposed a naval blockade on all Iranian ports and Tehran launched strikes on U.S. infrastructure in the region. Brent futures climbed 58 cents, or 0.7, to 85.31 a barrel at 0630 GMT. West Texas Intermediate futures gained 35 cents, or 0.4, to 79.69 a barrel. Oil prices closed up 2 at a onemonth high on Tuesday as attacks exacerbated a supply disruption in the Strait of Hormuz, through which about a fifth of the world39;s oil and liquefied natural gas passed prior to the beginning of the U.S.Israeli war on Iran. Brent and WTI have made upward corrections in line with escalating attacks but the quantum of move is likely now tempered as the market waits to see any change in stance from the U.S. and Iran, said June Goh, senior oil market analyst at Sparta Commodities. Early on Wednesday, the U.S. began a fresh round of strikes to continue degrading Iranian capabilities used to attack commercial shipping in the Strait of Hormuz, the U.S. military said. While the physical oil market remains adequately supplied, any further escalation involving the Strait of Hormuz or additional sanctions on Iranian exports could quickly tighten market sentiment and add further risk premiums, said Priyanka Sachdeva, senior market analyst at Phillip Nova. Tehran says it has again closed the strait after hostilities between Iran and the U.S. reignited last week, fraying an already fragile truce reached... https://www.gurutrade.com/news/oil-prices-rise-as-hostilities-worsen-in-the-middle-east-1784099352.html Wed, 15 Jul 2026 09:40:51 +0300 https://www.gurutrade.com/news/oil-hits-four-week-high-as-us-iran-conflict-escalates-1784017244.html Brent and WTI at its highest level since mid June U.S. military renews strikes on Iran while tankers come under attack in Strait of Hormuz UAE says Iranian missiles struck oil tankers in Strait of Hormuz, one sailor killed China39;s June oil imports hit near 10year low amid Iran war July 14 Reuters Oil prices rose on Tuesday to their highest in four weeks, as the U.S. reimposed a naval blockade of Iran and renewed attacks between Washington and Tehran heightened concerns over energy flows through the Strait of Hormuz. Brent crude futures were up 2.74, or 3.29, at 86.04 per barrel at 0751 GMT, while U.S. West Texas Intermediate crude rose 2.21, or 2.83, to 80.35 a barrel. Brent crude rose to its highest since June 12 and WTI to its highest since June 16. The United States and Iran signed a memorandum of understanding to end the conflict on June 17. Despite signing the memorandum of understanding and having a deal, this did not last for even a few weeks. So that39;s the concern the market is trying to price right now, said ANZ analyst Soni Kumari. What we think is that the peak of the escalation is behind us, but there are upside risks to oil prices if these disruptions continue and that will keep prices in the 8590 range. Hostilities between the United States and Iran intensified this week, as U.S. President Donald Trump reinstated a blockade of Iranian shipping and proposed charging a 20 fee to guard the Strait of Hormuz. The waterway is a critical artery for... https://www.gurutrade.com/news/oil-hits-four-week-high-as-us-iran-conflict-escalates-1784017244.html Tue, 14 Jul 2026 11:10:04 +0300 https://www.gurutrade.com/news/oil-jumps-over-3-as-strikes-threaten-hormuz-shipments-1783936301.html Hormuz traffic slows to multiweek low on renewed conflict Iran expands attacks on Gulf states after US strikes, says Strait of Hormuz closed Trump says Strait of Hormuz open to commercial traffic UAE39;s ADNOC lowers Murban crude selling price for August July 13 Reuters Oil prices surged more than 3 on Monday after renewed military strikes between the United States and Iran reignited concerns over energy shipments through the Strait of Hormuz. Brent crude futures were up 2.67, or 3.51, to 78.68 at 0743 GMT, while U.S. West Texas Intermediate crude was up 2.48, or 3.47, to 73.89 a barrel. Shipping operators are adopting a cautious approach and inbound movements have slowed under heightening security concerns, ANZ analysts said. Fresh U.S. and Iranian strikes over the weekend fuelled fears of a renewed escalation. Tehran targeted U.S. facilities across the Gulf on Sunday and said it had again closed the Strait of Hormuz. Iran39;s Revolutionary Guards said on Monday they had attacked U.S. military bases in Kuwait and Bahrain. Before the conflict began in late February, the Strait of Hormuz handled about onefifth of global daily oil and liquefied natural gas supplies. Vessel traffic through the strait fell to a fiveweek low on Sunday, shiptracking data showed. Six vessels transited the strait on Sunday, according to Kpler. The escalating attacks cast doubt on the future of an interim U.S.Iranian agreement signed last month that aimed to reopen the strait and end... https://www.gurutrade.com/news/oil-jumps-over-3-as-strikes-threaten-hormuz-shipments-1783936301.html Mon, 13 Jul 2026 12:00:37 +0300 https://www.gurutrade.com/news/shares-skid-as-gulf-conflict-sends-oil-surging-1783924492.html Oil climbs as U.S. and Iran trade attacks in the Gulf SP 500 futures slip, Nikkei and KOSPI extend retreat Dollar edges up as market narrows odds on Fed rate hike Fed chair to testify this week, US CPI in focus SYDNEY, July 13 Reuters Share markets sank in Asia on Monday as fighting intensified in the Gulf and Iran claimed to have closed the vital Strait of Hormuz, sending oil prices surging and rekindling inflation risks globally. The dollar rose with bond yields as investors narrowed the odds of a hike in interest rates from the Federal Reserve, just a day before Chair Kevin Warsh is due to face Congress for the first time in his new role. Inflation figures for June on Tuesday could show some cooling in the headline rate of 4.2 as petrol prices decline, though some of that will reverse now that oil is rising anew. Brent crude climbed 4.3 to reach 79.31 a barrel, up from the recent trough of 70.14, while U.S. crude added 4.4 to 74.62 a barrel. U.S. officials said around 20 vessels had been escorted through the strait in the previous 24 hours, though ship tracking sites showed little traffic moving. For equity investors, a lot is now riding on the coming earnings season, where expectations are skyhigh for AIrelated profits. The major banks kick off from Tuesday, while Netflix and General Electric are also on the docket. Tech continues to screen highly in our models, supported by stand out earnings growthmomentum and attractive valuations, analysts at Citi... https://www.gurutrade.com/news/shares-skid-as-gulf-conflict-sends-oil-surging-1783924492.html Mon, 13 Jul 2026 08:50:00 +0300 https://www.gurutrade.com/news/oil-heads-for-weekly-gain-middle-east-supply-risks-persist-1783680216.html Brent set for 5 weekly gain, WTI set for 4 rise Tanker traffic through Strait of Hormuz at a nearstandstill IEA says U.S.Iran escalation undermines oil surplus forecast LONDON, July 10 Reuters Oil prices eased on Friday but remained on track for weekly gains as renewed U.S.Iran fighting disrupted shipping in the Strait of Hormuz, stoking concerns over supply disruptions. Brent futures were down 19 cents, or 0.3, at 76.11 a barrel by 1007 GMT. U.S. West Texas Intermediate WTI crude dropped 21 cents, or 0.3, to 71.87. For the week, Brent was set for a gain of about 6 and WTI was on track for an increase of about 5. Prices have backed off the midweek highs, but there is still a substantial risk premium as Hormuz transits are back to a nearstandstill with no clear signs of when normal reopening might resume, said Vandana Hari at oil market analysis provider Vanda Insights. Iranian armed forces launched attacks on U.S. military infrastructure in Gulf states on Thursday after U.S. strikes on Iran39;s southern coastal and eastern provinces, further straining a creaking ceasefire. Separately, Iranian media reported multiple explosions across southern Iran. The area included Bushehr, where one of the country39;s nuclear plants is located. The recent escalation in hostilities between the U.S. and Iran could upend the International Energy Agency39;s forecast of a significant oil market surplus next year, it said on Friday. The developments also have delayed a full... https://www.gurutrade.com/news/oil-heads-for-weekly-gain-middle-east-supply-risks-persist-1783680216.html Fri, 10 Jul 2026 01:30:41 +0300 https://www.gurutrade.com/news/strategic-oil-buying-to-back-crude-demand-through-2028-1783609974.html SPR rebuild could add 664,000 bpd of crude demand by Q3 2027, Kpler estimates DOE data show US stockpiles fell to their lowest since April 1983 Lower oil prices could spur Chinese reserve buying, analysts say July 9 Reuters Governments are set to buy millions of barrels of oil through 2028 to rebuild emergency reserves depleted by drawdowns to plug a gap in global supply caused by the U.S.Israeli war on Iran, analysts and officials said. This could boost demand for crude that would absorb some of the expected global supply surplus following OPEC39;s decision to increase output, they say. Governments drew down emergency reserves after supply disruptions linked to the conflict removed an estimated 1.5 billion barrels from global inventories this year, according to Reuters calculations based on International Energy Agency, OPEC and U.S. Department of Energy data. The IEA coordinated a record 400 millionbarrel release after disruptions in the Strait of Hormuz drove crude prices sharply higher. Brent crude rose above 126 a barrel in late April and U.S. crude approached 120 in early March. Replenishing those reserves could add up to 664,000 barrels per day of demand by third quarter 2027, according to commodities analytics firm Kpler, helping to soak up some of excess supply expected next year as OPEC continues to unwind production cuts. This would curb price falls. Strategic Petroleum Reserve SPR restocking will lead to a higher price floor in 2027, said Christopher... https://www.gurutrade.com/news/strategic-oil-buying-to-back-crude-demand-through-2028-1783609974.html Thu, 09 Jul 2026 05:10:48 +0300 https://www.gurutrade.com/news/oil-gains-after-vessel-attacks-near-strait-of-hormuz-1783430634.html Saudiflagged crude oil tanker damaged near Hormuz after LNG tanker hit, sources say Saudi Arabia considers expansion of oil pipeline to Red Sea, sources say Societe Generale expects the oil market to move into surplus in late 2026 July 7 Reuters Oil prices rose on Tuesday after reports of attacks on vessels near the Strait of Hormuz revived fears of disruptions to shipping through the critical energy transit route. Brent crude futures gained 76 cents, or 1.1, to 72.75 a barrel, while U.S. West Texas Intermediate crude rose 73 cents, also 1.1, to 69.28 a barrel at 1256 GMT. The overriding theme this morning is a ship being shot at in the Strait of Hormuz, Saxo Bank analyst Ole Hansen said. That39;s bringing some geopolitical risk premium back into the price. It39;s not a lot compared with what we39;ve seen in the past, but it39;s the main driver behind the bid in the market. So if there39;s any further escalation, then 75 would be the natural level to look at next ahead of 80. A Qatari LNG tanker and a Saudiflagged crude oil tanker were damaged near the Strait of Hormuz, sources said on Tuesday, after reports that Iran39;s Revolutionary Guards fired missiles at ships in the waterway overnight. Qatar39;s foreign ministry spokesperson said Tehran bore full legal responsibility for the attack and any resulting damage or consequences. Talks to reach a final deal between Tehran and Washington will not take place if U.S. threats continue, Iran39;s foreign minister... https://www.gurutrade.com/news/oil-gains-after-vessel-attacks-near-strait-of-hormuz-1783430634.html Tue, 07 Jul 2026 04:10:22 +0300 https://www.gurutrade.com/news/oil-drifts-down-after-opec-agrees-to-raise-output-targets-1783323485.html OPEC agrees to raise oil output by 188,000 bpd from August OPEC output climbs 3.3 million bpd in June from May, Reuters survey finds PERTHSINGAPORE, July 6 Reuters Oil prices inched lower on Monday after OPEC agreed to further increase its output targets from August while exports from key producers via the Strait of Hormuz are recovering, potentially adding to global supplies. Brent crude futures fell 34 cents, or 0.47, to 71.78 a barrel by 0408 GMT after settling 0.45 higher on Friday. U.S. West Texas Intermediate crude was at 68.49 a barrel, down 20 cents, or 0.29. There was no settlement for WTI on Friday as U.S. markets were closed ahead of the Independence Day holiday on Saturday. Both contracts were little changed last week, after mostly falling over the past few weeks, as investors kept a close eye on talks between the United States and Iran over the fate of shipping through the Strait of Hormuz while keeping tabs on the recovery in Gulf oil exports. Coming off the U.S. long weekend, traders are sitting tight and waiting to see whether U.S.Iran relations will be cordial or volatile this week, said Tim Waterer, chief market analyst at KCM Trade. The Organization of the Petroleum Exporting Countries and their allies including Russia agreed on Sunday to further increase output targets by 188,000 barrels per day from August, on top of similar increases for June and July. However, the increase has remained largely on paper because of the U.S.Israeli war with... https://www.gurutrade.com/news/oil-drifts-down-after-opec-agrees-to-raise-output-targets-1783323485.html Mon, 06 Jul 2026 07:30:04 +0300 https://www.gurutrade.com/news/oil-prices-stable-as-us-iran-peace-efforts-hold-1783090785.html Benchmarks touched prewar lows on Thursday Saudi Aramco shifts to spot sales in Asia Brent spread contango signals fading shortage concerns LONDON, July 3 Reuters Oil prices were steady on Friday and little changed for the week as traders held on to hopes for a successful outcome from attempts to secure peace between the United States and Iran. Brent futures were down 8 cents, or 0.11, at 71.72 a barrel by 0109 GMT. West Texas Intermediate was down 22 cents, or 0.32, at 68.47 a barrel. Over the week, Brent and WTI have lost about 0.3. U.S. markets will be closed on Friday ahead of the U.S. Independence Day holiday on Saturday. On Thursday, the two oil benchmarks hit their lowest levels since before the U.S.Israeli war on Iran began in late February. Oil prices were under pressure as investor hopes of a full reopening of the Strait of Hormuz were buoyed by peace talks between the U.S. and Iran, Commerzbank analysts said. The U.S.Iran dealmaking process remains fragile but continues for now, as the question of Strait of Hormuz tolls and administration remains contentious, Citi analysts wrote on Friday. We expect the MoU memorandum of understanding to hold, not because trust has suddenly emerged, but because the incentives to break are poor for both sides. Some shipping has resumed through the Strait of Hormuz, as called for under the initial U.S.Iranian deal, but uncertainty is high after the two countries exchanged strikes last weekend following an Iranian... https://www.gurutrade.com/news/oil-prices-stable-as-us-iran-peace-efforts-hold-1783090785.html Fri, 03 Jul 2026 04:10:04 +0300 https://www.gurutrade.com/news/oil-falls-for-3rd-day-after-us-iran-doha-talks-1782993170.html US, Iran talks conclude in Doha, focused on Strait of Hormuz Nigeria joins International Energy Agency as an associate member Ukrainian military hits Russian oil refinery in Kstovo July 2 Reuters Oil prices fell more than 1 for the third consecutive day on Thursday as concerns over supply disruptions eased after Qatar said Iran and the U.S. had made progress in talks over the Strait of Hormuz. Brent futures were 1.06 or 1.48 lower at 70.51 a barrel at 1000 GMT, while U.S. West Texas Intermediate crude fell 1.06, or 1.55, to 67.52 a barrel, their lowest level since February 27. The talks made positive progress on matters related to the memorandum that halted the war in June, a Qatar Foreign Ministry spokesperson said in a post on X, though there was no sign the two sides made headway towards a lasting peace. The next meeting between Iran and U.S. negotiators will take place after July 9 funeral processions for Iran39;s late Supreme Leader Ayatollah Ali Khamenei, the Qatar ministry added. Oil has been flowing out of the Strait of Hormuz, while at the same time we39;re also pouring oil out of strategic reserves. And on top of that, crude oil buying from China and oil demand has not really properly revived yet, said Bjarne Schieldrop, chief commodities analyst at SEB. This could be sort of a dynamical picture of price moving down sharply and then rebounding at some point. Iran said on Thursday that any U.S. interference in the Strait of Hormuz would trigger a... https://www.gurutrade.com/news/oil-falls-for-3rd-day-after-us-iran-doha-talks-1782993170.html Thu, 02 Jul 2026 01:50:25 +0300 https://www.gurutrade.com/news/oil-to-end-june-down-about-20-as-investors-focus-on-doha-1782805253.html Brent set for third straight month of price falls, WTI set for second Brent prices trading slightly below February 27 level Markets pricing in further deescalation ahead of USIran talks Concerns about Chinese demand also weighing on prices June 30 Reuters Oil prices dipped around 1 on Tuesday, reversing the previous session39;s gains, and were poised for a monthly decline, with investors eyeing potential U.S.Iran talks in Doha amid a strained interim ceasefire in the fourmonthold war. Brent August crude futures , which expire on Tuesday, were down 1, or 75 cents, at 72.4 a barrel as of 0653 GMT. These levels are around 20, or 22, lower than last month39;s closing. The more actively traded September contract was down 0.6, or 45 cents, at 73.46 a barrel. U.S. West Texas Intermediate for August fell 0.8, or 57 cents, to 70.18 a barrel. Prices are set for around a 17 drop, or 19, from the May 29 closing. Both Brent and WTI prices are flirting with prewar levels. Investors are pricing in hopes of a positive outcome from the Doha talks, even though real normalisation of flows through the Strait of Hormuz is not yet visible, said Tim Waterer, chief market analyst at KCM Trade. The market is cautiously hopeful but still hedging its bets until we see more tangible signs of deescalation, Waterer added. Iranian and Omani experts will start talks on redefining transit paths through the Strait of Hormuz in the coming days, Iranian Deputy Foreign Minister Kazem Gharibabadi... https://www.gurutrade.com/news/oil-to-end-june-down-about-20-as-investors-focus-on-doha-1782805253.html Tue, 30 Jun 2026 10:10:09 +0300 https://www.gurutrade.com/news/oil-rises-on-us-iran-strikes-gains-capped-by-shipping-hopes-1782749938.html US and Iran agree to resume talks over Strait of Hormuz Middle East producers press ahead with loadings Brent crude fell 10.6 last week LONDON, June 29 Reuters Oil rose more than 1 on Monday after attacks by the U.S. and Iran underscored the fragility of their interim peace deal, while expectations of a continued recovery in energy shipping through the Strait of Hormuz limited gains. Iran and the U.S. agreed to renew talks over the strait, raising hopes of saving the peace deal that had been threatened by days of titfortat strikes. Brent crude futures were up 77 cents, or around 1.1, at 72.76 a barrel by 1324 GMT. U.S. West Texas Intermediate crude gained 1, or 1.44, to 70.23. A war premium could remain present until the situation in the Middle East calms down completely, generating fewer headlines, said Achilleas Georgolopoulos, analyst at broker XM. Brent crude fell 10.6 last week in a third consecutive weekly decline after crude shipments through the strait rose to their highest since the U.S.Israeli war on Iran began in late February. There39;s still plenty of risk facing the oil market. Even so, participants appear to be... focusing on what a continued recovery in oil flows would mean for the global balance, ING analysts said in a note on Monday. This complacency is odd and clearly leaves significant upside risk if the supply recovery proves slow. Middle East producers are pushing ahead with loading oil and LNG despite fresh ship attacks in the Strait... https://www.gurutrade.com/news/oil-rises-on-us-iran-strikes-gains-capped-by-shipping-hopes-1782749938.html Mon, 29 Jun 2026 05:50:40 +0300 https://www.gurutrade.com/news/oil-set-for-heavy-weekly-loss-as-tankers-exit-hormuz-1782480099.html Aramco resumes Ras Tanura oil loadings after fourmonth halt Strait of Hormuz loadings at highest level since war began Overall traffic remains a fraction of previous daily average LONDON, June 26 Reuters Crude prices plunged by about 3 on Friday, on course for steep weekly losses, on easing supply concerns as more stranded oil tankers exited the Strait of Hormuz, even though a cargo vessel was hit near Oman on Thursday. Brent crude futures fell 2.50, or 3.32, to 72.76 a barrel by 1209 GMT. U.S. West Texas Intermediate lost 2.15, or 2.99, to 69.77. The Brent benchmark was heading for a weekly decline of about 9.7 while WTI was trading around 8.9 lower than its close last Thursday before the market closed for a public holiday last Friday. The predominant view, it appears, remains one of imminent oversupply, said PVM analyst Tamas Varga. Refining giant Saudi Aramco resumed oil loading on Friday at its Ras Tanura terminal in the Gulf after close to a fourmonth halt, shipping data from LSEG showed. Two Very Large Crude Carriers, which can load cargoes of 2 million barrels, were seen loading crude at the terminal while another waited nearby, the data showed. There is a general selloff as the market reacts to the increased flows exiting the Strait of Hormuz and China not yet picking up crude demand, said June Goh, senior oil market analyst at Sparta Commodities. Both benchmark contracts jumped more than 2 on Thursday after a cargo vessel was hit by an unknown... https://www.gurutrade.com/news/oil-set-for-heavy-weekly-loss-as-tankers-exit-hormuz-1782480099.html Fri, 26 Jun 2026 03:30:39 +0300 https://www.gurutrade.com/news/oil-touches-prewar-levels-on-rising-middle-east-supply-1782379444.html Brent, WTI hit lowest since February 27 Goldman Sachs says no significant pickup in Iranian production expected Iraq to consider all options if OPEC quota not raised, has weighed exiting group, sources say BENGALURU, June 25 Reuters Oil prices fell on Thursday to levels last seen before the start of the Iran war as expectations of rising supply from the Middle East outweighed demand concerns. Promptmonth Brent crude futures for August delivery were down 1.28, or 1.74, to 72.46 a barrel by 0845 GMT, while U.S. West Texas Intermediate lost 1.15, or 1.63, to 69.19 a barrel. Both contracts hit their lowest since February 27. U.S. Energy Secretary Chris Wright told a forum that flows through the Strait of Hormuz were close to those before the start of the Iran war, with at least 20 million barrels having exited the strait in the last 24 hours. A return to complete normalcy would take a few weeks, however, because the strait needs to be demined, he added. Most of the increase in flows from the Gulf is outbound ships exiting the Strait, UBS analyst Giovanni Staunovo said. However, a significant increase in inbound flows requires shipping confidence to return, including safety assurances and mine clearance to allow insurance premiums to normalise, Staunovo said. Rising Middle Eastern supply, together with Iran set to boost sales after a temporary reprieve from U.S. sanctions, drove down prices of physical crude oil cargoes around the world. Goldman Sachs said it... https://www.gurutrade.com/news/oil-touches-prewar-levels-on-rising-middle-east-supply-1782379444.html Thu, 25 Jun 2026 12:10:43 +0300 https://www.gurutrade.com/news/brent-extends-losses-on-expectations-of-smoother-crude-flows-via-hormuz-1782305174.html Prices pressured by USIran talks, sanctions relief More vessels transit Hormuz, underpinning optimism US crude inventories continue to fall BENGALURU, June 24 Reuters Brent crude oil prices fell more than 1 on Wednesday to the lowest in nearly four months, extending losses on signs that more oil tankers are set to move out of the Strait of Hormuz. Brent crude futures were down 1.20, or 1.56, at 75.88 a barrel by 1001 GMT. U.S. West Texas Intermediate slipped by 1.14, or 1.6, to 72.07. Brent touched a low of 75.37, its weakest level since February 27, the day before the start of U.S.Israeli strikes on Iran. WTI fell as low as 71.55, the weakest since March 3. While there are early encouraging signs of increased tanker activity, the market is pricing in the broader scenario of Iranian oil reentering the global market and the Strait of Hormuz normalising, said Tim Waterer, chief market analyst at KCM Trade. If sanctions are eased, Iranian production and exports could ramp up relatively quickly given the substantial amount stored on tankers we are likely talking weeks rather than months, Waterer added. Adding to signs of market weakness, physical crude oil cargoes are selling at discounts across the globe, changing trade flows as markets come under pressure from fastrising Middle Eastern supply with Iran set to boost sales following a temporary reprieve from U.S. sanctions. Oman said it would keep the Strait of Hormuz open to shipping without imposing any tolls... https://www.gurutrade.com/news/brent-extends-losses-on-expectations-of-smoother-crude-flows-via-hormuz-1782305174.html Wed, 24 Jun 2026 03:10:48 +0300 https://www.gurutrade.com/news/oil-holds-steady-as-markets-track-hormuz-shipping-flows-1782225235.html US waives Iran sanctions, Trump says he will 39;do what I have to39; if Tehran misbehaves Tanker traffic through Hormuz picks up after slower flows due to crossing concerns BENGALURULONDON June 23 Reuters Oil prices were little changed on Tuesday as investors watched crude flows through the Strait of Hormuz following progress in U.S.Iran peace talks. Brent crude futures were down 26 cents, or around 0.3, to 77.64 a barrel and U.S. West Texas Intermediate was down 17 cents, or 0.2, to 73.69 a barrel at 1155 GMT. Prices fell more than 3 on Monday after the United States granted Iran a 60day sanctions waiver following initial peace talks, and as officials reported a lull in hostilities in Lebanon under a broader agreement. Venezuelan, Russian and now Iranian crude is available to anyone looking to buy, said Ole Hvalbye, market analyst at SEB Research, highlighting that countries would be looking to stock up on crude to replenish stores. In the short term, the easing of sanctions wouldn39;t weigh on prices much, he added, as the U.S.Iranian memorandum of understanding was still new and fragile. A limited number of vessels are being allowed to pass through the Strait of Hormuz each day under coordination with Iran39;s Revolutionary Guards Navy, an Iranian military source told Fars news agency on Tuesday. U.S. President Donald Trump said 19 million barrels of oil flowed out of the strait on Monday, and pointed to falling oil prices in a social media post on Tuesday.... https://www.gurutrade.com/news/oil-holds-steady-as-markets-track-hormuz-shipping-flows-1782225235.html Tue, 23 Jun 2026 03:50:23 +0300 https://www.gurutrade.com/news/oil-falls-after-us-iran-talks-conclude-in-switzerland-1782116291.html US, Iran conclude highlevel talks in Switzerland, mediators say Iran has secured waivers for oil, petchem exports, foreign minister says Brent rose earlier after bumpy start to talks NEW DELHI, June 22 Reuters Oil prices declined on Monday after U.S.Iran talks concluded in Switzerland with Tehran saying it had secured waivers for oil and petrochemical exports, easing worries about a supply shortage in global markets. Brent crude fell 1.68, or 2.09, to 78.89 a barrel by 0633 GMT. Prices had climbed to 82.30 at the start of trading, fuelled by a bumpy start to the talks with threats from U.S. President Donald Trump to restart the war on Iran and Tehran39;s announcement it had again closed the Strait of Hormuz. U.S. West Texas Intermediate crude futures were at 76 a barrel, down 60 cents, ahead of the contract39;s expiry later on Monday. The more active August contract fell 69 cents to 75.16 a barrel. There was no settlement in the U.S. market on Friday due to a holiday. The decline has been driven primarily by improving prospects for a diplomatic breakthrough between the United States and Iran ... reviving hopes that sanctions on Iran could eventually be eased, said Sugandha Sachdeva, founder of SS WealthStreet, a New Delhibased research firm. Highranking U.S. and Iranian officials wrapped up their first round of talks in Switzerland on Monday, mediators said. The talks began on Sunday under the terms of a memorandum of understanding reached last week to extend a... https://www.gurutrade.com/news/oil-falls-after-us-iran-talks-conclude-in-switzerland-1782116291.html Mon, 22 Jun 2026 10:10:11 +0300 https://www.gurutrade.com/news/oil-rises-as-uncertainty-mounts-over-us-iran-truce-1781858332.html Brent, WTI erase early losses Switzerland says US talks with Iran will not take place on Friday But ceasefire extension sends benchmarks down 8 for the week NEW DELHI, June 19 Reuters Oil prices rose on Friday as the prospect of a lasting truce between the U.S. and Iran was clouded after peace talks in Switzerland were called off and as Israel stepped up attacks on Lebanon. By 0645 GMT, Brent crude futures gained 51 cents, or 0.64, to 80.36 a barrel, and U.S. West Texas Intermediate crude rose 1.28, or 1.7, to 77.88 a barrel, with the frontmonth July contract expiring on Monday. Both contracts were headed for a weekly loss of about 8. The more actively traded WTI August contract was up 59 cents at 76.44 a barrel. Switzerland said U.S. talks with Iranian negotiators on a pact to end the Middle East conflict would not take place on Friday, as Vice President JD Vance dropped his travel plans, adding to uncertainty over the prospects for a lasting truce. Prices may have bottomed out and we may see a renewed climb accompanied by plenty of volatility as cracks have already emerged in the memorandum of understanding, said Vandana Hari, founder of oil market analysis provider Vanda Insights. This is not the geopolitical backdrop that would give the market any confidence in resuming Hormuz transit. On Thursday, both benchmarks touched their lowest since early March as several tankers, including three Saudiflagged vessels carrying 6 million barrels of crude, sailed... https://www.gurutrade.com/news/oil-rises-as-uncertainty-mounts-over-us-iran-truce-1781858332.html Fri, 19 Jun 2026 10:40:28 +0300 https://www.gurutrade.com/news/oil-hits-3-1-2-month-low-after-us-iran-ceasefire-deal-1781766236.html Brent, WTI back to earlyMarch level USIran 14point agreement extends April ceasefire for 60 days Market fundamentals expected to remain tight IEA sees significant 2027 oil surplus after Hormuz recovery BEIJINGSINGAPORE, June 18 Reuters Oil prices fell by more than 2 per barrel on Thursday after the U.S. and Iran signed an interim agreement that would end the Iran war, reopen the Strait of Hormuz and waive U.S. sanctions on Tehran39;s oil, boosting the oil supply outlook. Brent crude futures were down 2.14, or 2.69, at 77.41 a barrel as of 0616 GMT, and U.S. West Texas Intermediate fell 2.36, or 3.07, to 74.43 a barrel. Brent sank to its lowest since March 2, which was the first day of trading after the U.S. and Israel began attacking Iran, while WTI was at its lowest since March 4. The benchmarks resumed their decline, reversing a jolt higher on Wednesday that followed comments from U.S. President Donald Trump saying he could resume his bombing campaign if Iran39;s leaders don39;t behave. The selloff extended as energy markets continued to aggressively price in a fasterthanexpected return of Iranian barrels following the recent U.S.Iran memorandum of understanding, IG market analyst Tony Sycamore said in a note. The 14point memorandum begins a 60day negotiation period during which Iran will allow tollfree passage through the Strait of Hormuz, a key oil and gas shipping lane. The deal calls for traffic through the strait to be restored to its full capacity... https://www.gurutrade.com/news/oil-hits-3-1-2-month-low-after-us-iran-ceasefire-deal-1781766236.html Thu, 18 Jun 2026 09:50:00 +0300 https://www.gurutrade.com/news/oil-flat-as-markets-weigh-us-iran-deal-hormuz-risk-1781683673.html Details emerge of interim peace deal Uncertainty prevails over Hormuz shipping U.S. crude stocks drop sharply, industry data shows SINGAPORE, June 17 Reuters Oil prices fell slightly on Wednesday as investors gauged the impact of a U.S.Iran peace deal, while uncertainty over full resumption of shipping through the Strait of Hormuz limited price declines. Both benchmarks were down about 0.2 by 0630 GMT, with Brent crude futures dipping 15 cents to 78.81 a barrel and U.S. West Texas Intermediate falling 12 cents to 75.93 a barrel. On Tuesday both had fallen about 5 for a second straight session to hit threemonth lows, fuelled by hopes that a U.S.Iran deal would allow oil flows through the Strait. Markets are broadly stripping out the embedded geopolitical risk premium in oil prices, said Priyanka Sachdeva, senior market analyst at Phillip Nova. That said, the path toward normalisation remains far from straightforward. While political agreements may be progressing, physical tanker traffic through the Strait has yet to fully recover. The deal would provide for the United States to lift its blockade of Iran39;s ports, while Tehran would allow oil tanker traffic through the Strait, effectively blocked since U.S. and Israel strikes on February 28. Oil markets retreated on expectations the Strait of Hormuz would reopen following the peace agreement, but traders held off further selling pending details, said Hiroyuki Kikukawa, chief strategist of Nissan Securities... https://www.gurutrade.com/news/oil-flat-as-markets-weigh-us-iran-deal-hormuz-risk-1781683673.html Wed, 17 Jun 2026 10:10:28 +0300 https://www.gurutrade.com/news/oil-drops-to-new-3-month-low-on-us-iran-peace-deal-1781602340.html Prices at threemonth lows, but above prewar levels Some analysts expect Hormuz flows to resume in several weeks Lack of details in preliminary deal seen supporting prices June 16 Reuters Oil prices slid to fresh threemonth lows on Tuesday as markets weighed prospects for a resumption of supplies through the Strait of Hormuz alongside weaker physical demand and scant details on a preliminary deal to end the Iran war. Brent crude futures were down 1.44, or 1.7, at 81.73 a barrel, the lowest since March 10, at 0906 GMT. U.S. West Texas Intermediate was down 1.55, or 1.9, at 79.20 a barrel, also the lowest since March 10. Oil prices had already dropped nearly 5 on Monday to their lowest close since March 4 after U.S. President Donald Trump said a memorandum of understanding had been signed to end the U.S.Israeli war with Iran, though full details have not been released. Iranian Foreign Minister Abbas Araqchi said on Tuesday Iran and the U.S. would start a new round of talks in Switzerland on Friday to reach a final agreement after the start of an interim deal. He warned that any Israeli attack on Lebanon or continued presence on Lebanese territory would breach the interim agreement. INVESTORS EYE STRAIT REOPENING The conflict led to the closure of the Strait of Hormuz, which typically carries about onefifth of global oil supplies. Some analysts expect flows through the strait to resume soon, adding to downward pressure from already soft physical markets. Goldman... https://www.gurutrade.com/news/oil-drops-to-new-3-month-low-on-us-iran-peace-deal-1781602340.html Tue, 16 Jun 2026 11:40:51 +0300 https://www.gurutrade.com/news/oil-hits-3-month-low-as-us-iran-reach-peace-deal-1781519267.html US, Iran to sign MOU on peace deal on Friday, Pakistan PM says Deal includes reopening of Strait of Hormuz Further talks on final agreement expected in next 60 days LONDON, June 15 Reuters Oil prices slipped to a 3month low on Monday after U.S. President Donald Trump and Iran39;s deputy foreign minister said they had reached an initial deal to end the war and to resume traffic through the Strait of Hormuz. Brent crude futures fell 4.39, or 5, to 82.94 a barrel by 0943 GMT and U.S. West Texas Intermediate was at 80.26, down 4.62, or 5.4. Both contracts fell to their lowest levels since March 10 on Monday after tumbling more than 3 on Friday. The U.S. and Iran will sign a memorandum of understanding in Switzerland on Friday, said the prime minister of Pakistan, whose country has served as a mediator. Trump said on Sunday that the Strait of Hormuz would be open toll free and that a U.S. naval blockade of Iranian ports would also end. Iran39;s semiofficial Mehr news agency said the draft deal called for reopening the Strait of Hormuz within 30 days under Iranian arrangements. It will take time for oil to approach the precrisis level of 20 million barrels per day sailing through this chokepoint. Estimates of the full resumption of traffic vary from weeks to months, said Tamas Varga, analyst at PVM Oil Associates. Financial investors are, therefore, merely borrowing future physical supply, hence the current cheapening of oil prices. The slow resumption will possibly... https://www.gurutrade.com/news/oil-hits-3-month-low-as-us-iran-reach-peace-deal-1781519267.html Mon, 15 Jun 2026 01:10:01 +0300 https://www.gurutrade.com/news/oil-falls-to-near-2-month-lows-as-trump-drops-iran-plan-1781260350.html Upside risks remain, seasonal demand could lift prices, analysts say OPEC lowers 2026 oil demand growth forecast to 970,000 bpd, raises 2027 demand growth LONDON, June 12 Reuters Oil prices fell over 4 on Friday to their lowest in nearly two months after U.S. President Donald Trump cancelled new strikes on Iran, reducing fears of an escalation of hostilities following titfortat attacks earlier in the week. Brent futures were down 3.81, or 4.22, at 86.57 a barrel by 0857 GMT, while U.S. West Texas Intermediate WTI crude dropped 3.80, or 4.33, to 83.91. Both contracts were at their lowest since April 17. Trump called off the threatened strikes on Thursday, saying discussions with Iran had progressed and a peace deal that would reopen the Strait of Hormuz to shipping could be signed as soon as this weekend. Tehran said it had not made a final decision but large parts of the agreement had been finalised. Iran39;s Mehr news agency reported that final negotiations on a memorandum of understanding MOU with the U.S. would focus on nuclear and economic issues but would exclude discussions about Iran39;s missile programme. Headlines are driving the market once again, as confidence grows that an eventual deal will be struck and the Strait reopens, said PVM Oil Associates analyst Tamas Varga. The caveat, however, was that global and regional oil stocks were still low and could drift further even with a deal, as it would take time to ensure uninterrupted oil flows, he added.... https://www.gurutrade.com/news/oil-falls-to-near-2-month-lows-as-trump-drops-iran-plan-1781260350.html Fri, 12 Jun 2026 12:30:21 +0300 https://www.gurutrade.com/news/oil-prices-steady-as-investors-weigh-us-iran-war-escalation-1781186497.html Iran closes Strait of Hormuz, threatens to fire on vessels attempting passage Talks intensifying to reach deal, Iranian sources say Trump says US will hit Iran 39;very hard39; LONDON, June 11 Reuters Oil prices were nearly flat on Thursday as investors weighed the impact of supply disruptions from the war in the Middle East after President Donald Trump warned that the U.S. military would hit Iran very hard tonight. Hostilities between the U.S. and Iran have recently escalated. Trump said the U.S. will soon take control of Iran39;s oil and gas infrastructure and markets while Washington launched additional strikes against the country. Meanwhile, Tehran declared the Strait of Hormuz closed. Brent futures were down 12 cents, or 0.1, to 92.98 a barrel by 1303 GMT, while U.S. West Texas Intermediate WTI crude gained 7 cents, or 0.1, to 90.10. Three Iranian sources and a European official said the U.S. and Iran were exchanging messages on details of a memorandum after reaching a political understanding, but some issues still had to be discussed in detail, including a mechanism for the release of billions of dollars in frozen Iranian funds. Weaker Chinese fuel demand is also helping to contain the Irandriven oil rally, with data showing falling gasoline and diesel use as well as lower crude imports. Iran39;s joint military command also announced the closure of the Strait of Hormuz, including for oil tankers and commercial ships, saying any vessel attempting passage will... https://www.gurutrade.com/news/oil-prices-steady-as-investors-weigh-us-iran-war-escalation-1781186497.html Thu, 11 Jun 2026 04:50:23 +0300 https://www.gurutrade.com/news/oil-slips-as-oman-s-mina-al-fahal-operates-normally-1780646482.html Oman said Mina al Fahal operations proceeding normally Hezbollah leader rejects Lebanon ceasefire deal Iranian oil exports fall to lowest level in six years, data shows OPEC secretary general says oil demand to remain robust, no change to estimates SINGAPORE, June 5 Reuters Oil prices edged down after Oman said operations at Mina al Fahal port were proceeding normally, following a Reuters report that oil loadings had been suspended after an explosion. Brent crude futures fell 24 cents, or 0.25, to 94.79 a barrel by 0704 GMT after settling down 2.84 in the previous session. U.S. West Texas Intermediate crude was at 92.48 a barrel, down 56 cents, or 0.6, following a 3.1 loss on Thursday. Both contracts are set to post their first weekly gain in three weeks, with WTI up more than 6, after fighting flared up in the Middle East as U.S.Iran war peace talks dragged on while traffic in the Strait of Hormuz, where a fifth of the world39;s oil passes, remained limited. Petroleum Development Oman said on Friday that operations at Mina Al Fahal port are proceeding normally, after three sources told Reuters earlier that oil loading had been suspended following an explosion near its mooring berths. Oman exports 800,000 to 900,000 barrels per day of crude from the terminal. Analysts have also flagged concerns of falling oil inventories globally that could cause a price spike in the third quarter. Hezbollah leader Naim Qassem rejected on Thursday a U.S.brokered agreement... https://www.gurutrade.com/news/oil-slips-as-oman-s-mina-al-fahal-operates-normally-1780646482.html Fri, 05 Jun 2026 10:30:53 +0300 https://www.gurutrade.com/news/oil-extends-gains-as-mideast-talks-stall-hostilities-flare-1780477147.html SINGAPORE, June 3 Reuters Oil prices rose over 1 on Wednesday, extending gains from the previous session, as hostilities in the Middle East erupted anew and talks between Tehran and Washington showed little progress. Brent futures gained 1.56, or 1.6, to 97.56 a barrel at 0640 GMT, while U.S. West Texas Intermediate WTI crude climbed 1.61, or 1.7, to 95.37. Both benchmarks settled at a oneweek high in the previous session. Iran launched ballistic missiles towards regional neighbours Kuwait and Bahrain but failed to hit targets, the U.S. military said, adding that American forces conducted strikes on Iran39;s Qeshm Island in response. The stalling in the U.S.Iran negotiations and IEA warnings of critical global low stock levels are adding upward layers in risk premium in benchmark prices, said Emril Jamil, a senior analyst for oil at LSEG. Global oil inventories could hit critical levels ahead of the peak summer demand period if stock draws continue at their current pace, the head of the International Energy Agency39;s oil industry and markets division said on Tuesday. Traders awaited diplomatic developments after Iranian media reported on Tuesday that Tehran is reviewing a proposed agreement with Washington to halt the conflict. Iran has not communicated with the U.S. for a few days, according to the reports, though Trump said negotiations had been going on continuously. ANZ bank senior commodity strategist Daniel Hynes said any efforts to reopen the Strait of... https://www.gurutrade.com/news/oil-extends-gains-as-mideast-talks-stall-hostilities-flare-1780477147.html Wed, 03 Jun 2026 11:00:47 +0300 https://www.gurutrade.com/news/oil-products-shipments-exit-hormuz-lng-tanker-loads-at-uae-1780403641.html Cy Victorious and Sti Elysees exited Strait of Hormuz last week Marigold LNG tanker loaded cargo at UAE39;s Das Island last week Four ballast LNG tankers move to eastern entrance of strait SINGAPORE, June 2 Reuters Two tankers carrying oil products exited the Strait of Hormuz over the past week, while a liquefied natural gas carrier loaded cargo in the United Arab Emirates, shipping data showed rare movements as traffic through the chokepoint remains limited. Several tankers have managed to leave the Gulf in the past month, but oil and LNG flows are still severely constrained by the U.S.Israeli war on Iran, which began on February 28. About a fifth of global oil and LNG supply normally passes through the Strait of Hormuz. Aframax tanker Cy Victorious, carrying at least 80,000 metric tons over 508,000 barrels of highsulphur straightrun fuel oil, exited the strait on May 30, shiptracking data from Kpler and LSEG showed. The vessel last loaded at Iraq39;s Khor al Zubair port in early April and is expected to reach Malaysia in the second half of June. Another LongRange 2 tanker Sti Elysees, loaded with clean products from Kuwait in late February, exited the strait on May 29, according to Kpler data. Its destination is unclear. FLUCTUATING HOPES Meanwhile, the Marigold LNG tanker, managed by Abu Dhabi National Oil Company ADNOC, loaded a cargo at UAE39;s Das Island on May 2425, analytics firm Vortexa said. The vessel halted AIS transmissions on 3 May before a... https://www.gurutrade.com/news/oil-products-shipments-exit-hormuz-lng-tanker-loads-at-uae-1780403641.html Tue, 02 Jun 2026 12:20:30 +0300 https://www.gurutrade.com/news/oil-rises-after-iran-and-us-trade-airstrikes-1779967453.html US crude stockpiles fall for sixth week, API data shows Iran39;s Revolutionary Guards strike US airbase after US attack in Bandar Abbas Two supertankers exit Strait, heading to India and China LONDON, May 28 Reuters Oil prices jumped more than 2 on Thursday after Iran39;s Revolutionary Guards said they had targeted a U.S. airbase in response to an earlier U.S. attack in the port city of Bandar Abbas. Brent crude futures was up 2.38, or 2.52, to 96.67 a barrel at 0845 GMT, while the more active August contract gained 2.45 or 2.66, to 94.70. The July contract is set to expire on Friday. U.S. West Texas Intermediate futures were up 2.24, or 2.53, at 90.92. Both benchmarks had slipped more than 5 to touch their lowest in a month in the previous session on the possibility of a U.S.Iran deal to end their war and reopen the Strait of Hormuz. However, hours after President Donald Trump rejected a report he was close to a compromise deal with Tehran, Iran39;s Revolutionary Guard said it had targeted a U.S. airbase after the U.S. military carried out what a Washington official said were strikes on an Iranian drone operation near the Strait of Hormuz. It appears that the trading of airstrikes are part of the negotiating language, said PVM Oil Association analyst John Evans. While any faith remains that a deal will be struck, prices will drift until some such time as the depletion in global oil inventories starts to finally bite and once again reminds us of how over a... https://www.gurutrade.com/news/oil-rises-after-iran-and-us-trade-airstrikes-1779967453.html Thu, 28 May 2026 01:50:28 +0300 https://www.gurutrade.com/news/oil-gains-2-as-us-strikes-on-iran-cloud-peace-deal-1779797406.html Brent rises, WTI falls owning to settlement price mismatch US Secretary of State says negotiating deal could 39;take a few days39; Some oil, LNG tankers have passed through strait in recent days, shipping data shows LONDON, May 26 Reuters Brent crude oil rose more than 2 on Tuesday after the U.S. military carried out strikes in Iran, adding to uncertainty on whether a deal will be imminently reached to end the war and open up shipping flows through the Strait of Hormuz. U.S. Secretary of State Marco Rubio said on Tuesday that negotiating a deal with Iran could take a few days, quashing hopes for an imminent end to the conflict a day after U.S. forces conducted what Washington called defensive strikes in southern Iran. We are still waiting for more details on a potential deal, said Giovanni Staunovo at UBS. Meanwhile we see renewed tensions in the Middle East, while flows through the Strait remain restricted. Global benchmark Brent was up 2.43, or 2.5, to 98.57 a barrel as of 1122 GMT, after settling 7 lower in the previous session. U.S. West Texas Intermediate was down 4.36, or 4.5, from Friday39;s close, at 92.24. There was no WTI settlement on Monday due to the U.S. Memorial Day holiday. TALKS IN DOHA ON POTENTIAL DEAL While differences between the parties have narrowed, any eventual peace deal would likely lead only to a gradual reopening, meaning the current tight supply outlook could take months to normalize, said Ole Hansen at Saxo Bank. Tehran has... https://www.gurutrade.com/news/oil-gains-2-as-us-strikes-on-iran-cloud-peace-deal-1779797406.html Tue, 26 May 2026 03:00:47 +0300 https://www.gurutrade.com/news/oil-slips-5-as-us-iran-seen-moving-closer-to-peace-deal-1779699819.html Washington cites progress in Iran conflict resolution Trump says there is no rush for Iran deal, US blockade stays SINGAPORE, May 25 Reuters Oil prices fell more than 5 to twoweek lows on Monday, as optimism grew that the United States and Iran were moving closer to a peace deal, even though they remain at odds over key issues such as blockades on the Strait of Hormuz. Brent crude futures were down 5.09, or 4.9, to 98.45 a barrel at 0705 GMT, while U.S. West Texas Intermediate futures were at 91.38 a barrel, down 5.22, or 5.4. Both contracts touched their lowest since May 7 earlier in the session. On Saturday, U.S. President Donald Trump said Washington and Iran had largely negotiated an understanding on a peace deal that would reopen the Strait of Hormuz, which carried a fifth of global shipments of oil and liquefied natural gas before the conflict. Notwithstanding all the caveats and risks that remain to the peace deal and Strait of Hormuz, there is now some light at the end of the tunnel, which will bring some nearterm oil price relief, said MST Marquee analyst Saul Kavonic. However, the two sides remain at odds over several difficult issues, with Trump saying on Sunday he had told his representatives not to rush into any deal. We39;ve been at this stage before, only for talks to break down. Therefore, the market will likely be more cautious about overreacting, said Warren Patterson, head of commodities strategy at ING. Analysts expect a return to normal oil... https://www.gurutrade.com/news/oil-slips-5-as-us-iran-seen-moving-closer-to-peace-deal-1779699819.html Mon, 25 May 2026 11:00:18 +0300 https://www.gurutrade.com/news/oil-rebounds-on-iran-uncertainty-and-inventory-drawdowns-1779357210.html Brent, WTI up from twosession decline US, Iran both warn of further attacks US crude and gasoline inventories fell last week, EIA says LONDON, May 21 Reuters Oil prices edged higher on Thursday, as investors monitored peace talks between the United States and Iran, while supply tightness and U.S. inventory drawdowns provided some support. Brent crude futures rose 40 cents, or 0.4, to 105.42 a barrel by 0809 GMT, and U.S. West Texas Intermediate futures were up 50 cents, or 0.5, at 98.76. Both benchmarks dropped around 5.6 on Wednesday to their lowest in more than a week after President Donald Trump said talks with Iran were in the final stages. Prices came under pressure when markets priced lower immediate escalation risk in the Middle East, but the rebound shows traders are not ready to remove the supplyrisk premium while the Strait of Hormuz remains central to global energy flows, said Naeem Aslam, chief investment officer at Zaye Capital Markets. Tehran said it was reviewing Washington39;s latest responses and Trump suggested he could wait a few days for the right answers from Tehran but was also willing to resume attacks on the country. Weve been in this situation multiple times before, which ultimately led to disappointment, ING analysts said in a note on Thursday, forecasting an average Brent price of 104 a barrel in the current quarter. Iran warned against further attacks and unveiled steps entrenching its control of the crucial Strait of Hormuz,... https://www.gurutrade.com/news/oil-rebounds-on-iran-uncertainty-and-inventory-drawdowns-1779357210.html Thu, 21 May 2026 11:40:41 +0300