https://www.gurutrade.com/news/oil/rss/ GuruTrade. - The latest news of the oil market and experts opinion on the GuruTrade. Sun, 03 May 2026 05:13:15 +0300 50 en https://www.gurutrade.com/news/steady-oil-prices-set-for-weekly-gain-as-iran-war-rumbles-on-1777640688.html Brent crude and WTI on track for strong weekly gains UAE39;s Gargash says unilateral Iranian arrangements for Hormuz can39;t be trusted Iran threatens painful response if U.S. renews attacks LONDON, May 1 Reuters Oil prices steadied but remained on track for weekly gains on Friday as efforts to halt the Iran war remained at an impasse, with Tehran still blocking the Strait of Hormuz and the U.S. Navy blocking exports of Iranian crude. Brent crude futures for July were up 53 cents, or 0.5, at 110.93 a barrel by 1124 GMT. West Texas Intermediate futures dropped 56 cents, or 0.5, to 104.51. The Brent benchmark was poised for a 5.2 gain over the week while WTI was on track to finish the week up 10.5. Brent39;s June contract hit 126.41 a barrel on Thursday, marking the highest level since March 2022, before ending the session down. Thursdays sharp reversal underscores a market that is taking the stairs up but risks the elevator down on any sudden easing headline, making conditions exceptionally challenging for traders, said Ole Hansen at Saxo Bank. Oil prices have been on the rise since the U.S. and Israel attacked Iran at the end of February, resulting in the closure of the Strait of Hormuz and disruption of shipments of about a fifth of the worlds oil and liquefied natural gas supply. The path of least resistance for crude oil prices remains upward as long as flows through the strait are restricted, said UBS analyst Giovanni Staunovo, adding that oil inventories... https://www.gurutrade.com/news/steady-oil-prices-set-for-weekly-gain-as-iran-war-rumbles-on-1777640688.html Fri, 01 May 2026 03:10:25 +0300 https://www.gurutrade.com/news/brent-hits-1-month-high-on-hormuz-disruption-concerns-1777464118.html Benchmarks on multiday rally amid Strait of Hormuz closure UAE OPEC exit unlikely to boost nearterm supply, analysts say US to extend Iran port blockade, WSJ says US crude inventories fall for second week LONDON, April 29 Reuters Oil prices rose 3 on Wednesday, with the Brent contract hitting a onemonth high, on media reports the U.S. will extend its blockade of Iranian ports, likely prolonging supply disruptions from the key Middle East producing region. U.S. President Donald Trump has instructed aides to prepare for an extended blockade of Iran, the Wall Street Journal reported late on Tuesday, citing U.S. officials. Trump will opt to continue to squeeze Iran39;s economy and oil exports by preventing shipping to and from its ports, the report said. Despite a ceasefire in the U.S.Israeli war with Iran, the conflict is deadlocked as both sides seek a formal end to the fighting. Brent crude futures for June rose 3.33, or 3, to 114.59 a barrel at 1004 GMT, climbing for an eighth day to the highest since March 31. The June contract expires on Thursday and the more active July contract was at 107.43, up 2.9. U.S. West Texas Intermediate WTI futures for June rose 3.55, or 3.6, to 103.48 a barrel, the highest since April 13. The contract has risen for seven out of the last eight days. The recent rise in oil prices has been driven by the Strait blockade. If Trump is prepared to extend the blockade, supply disruptions would worsen further and continue to push oil... https://www.gurutrade.com/news/brent-hits-1-month-high-on-hormuz-disruption-concerns-1777464118.html Wed, 29 Apr 2026 02:10:00 +0300 https://www.gurutrade.com/news/oil-extends-rally-as-market-focuses-on-hormuz-disruption-1777449624.html Benchmarks on multiday rally amid Strait of Hormuz closure UAE39;s exit unlikely to boost nearterm supply, analysts say US to extend Iran port blockade, WSJ says US crude, gasoline, distillate inventories fall for second week BEIJINGSINGAPORE, April 29 Reuters Oil prices rose on Wednesday, extending a multiday rally, on media reports the U.S. will extend its blockade of Iranian ports, likely prolonging supply disruptions from the key Middle East producing region. U.S. President Donald Trump has instructed aides to prepare for an extended blockade of Iran, the Wall Street Journal reported late on Tuesday, citing U.S. officials. Trump will opt to continue to squeeze Iran39;s economy and oil exports by preventing shipping to and from its ports, the report said. Brent crude futures for June rose 1.11, or 1, to 112.37 a barrel at 0647 GMT, climbing for an eighth day. The June contract expires on Thursday and the more active July contract was at 105.32, up 0.88. U.S. West Texas Intermediate WTI futures for June CLc1 rose 51 cents, or 0.51, to 100.44 a barrel after gaining 3.7 in the previous session, climbing for seven out of the last eight days. The recent rise in oil prices has been driven by the Strait blockade. If Trump is prepared to extend the blockade, supply disruptions would worsen further and continue to push oil prices higher, said Yang An, an analyst at Haitong Futures. Investors were also assessing the ramifications of the United Arab Emirates39;... https://www.gurutrade.com/news/oil-extends-rally-as-market-focuses-on-hormuz-disruption-1777449624.html Wed, 29 Apr 2026 10:30:57 +0300 https://www.gurutrade.com/news/oil-prices-gain-as-iran-war-stand-off-persists-1777370141.html Trump unhappy with latest Iranian proposal to end war stalemate Iranian oil tankers turned back by US blockade ADNOC LNG tanker crosses Hormuz for first time since Iran war LONDON, April 28 Reuters Oil prices rose nearly 3 on Tuesday, extending the previous session39;s gains, as efforts to end the U.S.Iran war appeared to have stalled, with the crucial Strait of Hormuz waterway still mainly shut, starving markets of key Middle East energy supply. Brent crude futures for June climbed 2.99, or 2.76, to 111.22 a barrel by 0758 GMT, after gaining 2.8 to close the previous session at its highest since April 7. The contract is up for a seventh straight day. At their intraday peak on Tuesday, Brent was up 3.4 on the day at 111.86 a barrel. U.S. West Texas Intermediate WTI crude for June rose 2.54, or 2.64, to 98.91 a barrel, after gaining 2.1 in the previous session. U.S. President Donald Trump is unhappy with the latest Iranian proposal to end the war, a U.S. official said on Monday, as Iranian sources disclosed that it avoided addressing the nuclear program until hostilities cease and Gulf shipping disputes are resolved. Trump39;s displeasure with the offer leaves the conflict deadlocked, with Iran shutting shipping flows through the Strait of Hormuz, a conduit for about 20 of global oil and gas supplies, and the U.S. retaining its blockade of Iranian ports. Oil above 110 per barrel reflects a market that is rapidly repricing geopolitical risk, said Rystad Energy... https://www.gurutrade.com/news/oil-prices-gain-as-iran-war-stand-off-persists-1777370141.html Tue, 28 Apr 2026 12:00:48 +0300 https://www.gurutrade.com/news/oil-prices-rise-as-us-iran-peace-talks-stall-1777299878.html Trump says Iran can call if it wants to talk Goldman Sachs raises fourthquarter oil price forecasts LONDON, April 27 Reuters Oil prices rose on Monday as peace talks between the U.S. and Iran stalled and shipments through the Strait of Hormuz remained limited, keeping global oil supplies tight. The Brent crude benchmark was up 96 cents, or 0.9, at 106.29 a barrel by 1212 GMT after reaching 108.36 earlier in the session for its highest in three weeks. U.S. West Texas Intermediate gained 63 cents, or 0.7, to 95.03. Brent and WTI climbed nearly 17 and 13 respectively last week for their biggest weekly gains since the start of the war. Efforts to bridge gaps between the United States and Iran have not halted, sources from mediator Pakistan said, despite the failure of facetoface diplomacy after Donald Trump called off a trip by his envoys and told Iran to phone when it wants to talk. The diplomatic standoff means that every day 1013 million barrels of oil fail to get to the international market, worsening an already tight oil balance. Therefore, there is only one direction for oil prices to go, said PVM Oil Associates analyst Tamas Varga. Tehran has largely closed the Strait of Hormuz while Washington has imposed a blockade of Iran39;s ports. Traffic through the waterway remained limited, with only one oil products tanker entering the Gulf on Sunday, Kpler shipping data showed. Goldman Sachs raised its oil price forecasts for the fourth quarter to 90 a barrel for... https://www.gurutrade.com/news/oil-prices-rise-as-us-iran-peace-talks-stall-1777299878.html Mon, 27 Apr 2026 03:30:14 +0300 https://www.gurutrade.com/news/oil-gains-on-stalled-us-iran-talks-hormuz-shipping-woes-1776932043.html Iran seizes ships in Strait of Hormuz, US maintains naval blockade and intercepts Iranian tankers Total US exports of oil and petroleum products climb to a record Brent rose above 100 for first time in more than two weeks on Wednesday SINGAPORE, April 23 Reuters Oil prices extended their gains on Thursday, rising more than 1 in the wake of stalled peace talks between Iran and the United States and as both nations maintained restrictions on the flow of trade through the Strait of Hormuz. Brent crude futures rose 1.26, or 1.2, to 103.17 a barrel at 0630 GMT, after settling above 100 for the first time in more than two weeks on Wednesday. West Texas Intermediate futures were also up 1.20, or 1.3, at 94.16. Both benchmarks closed more than 3 higher on Wednesday after largerthanexpected gasoline and distillate stock draws in the U.S., and over the lack of progress on Iran peace talks. The oil market is repricing expectations with little sign of progress in finding a resolution in the Persian Gulf, said ING analysts in a note, adding that hopes for a resolution are fading as peace talks stall. In addition, Iran39;s seizure of two vessels attempting to transit the Strait of Hormuz suggests disruptions to shipments are set to continue. While U.S. President Donald Trump extended a ceasefire between the countries following a request by Pakistani mediators, Iran and the U.S. are still restricting the transit of ships through the strait, which carried about 20 of daily... https://www.gurutrade.com/news/oil-gains-on-stalled-us-iran-talks-hormuz-shipping-woes-1776932043.html Thu, 23 Apr 2026 10:10:49 +0300 https://www.gurutrade.com/news/oil-up-on-reports-of-container-ships-in-hormuz-being-hit-by-gunfire-1776850210.html US announces ceasefire extension with Iran Shipping traffic through Hormuz still largely halted API shows drops in US crude, fuel and distillate stocks, sources say LONDON, April 22 Reuters Oil prices jumped on Wednesday with Brent trading above 100 a barrel, erasing earlier losses following reports of gunfire attacks on at least three container ships in the Strait of Hormuz. Brent crude futures were up 1.59, or 1.6, at 100.07 a barrel at 0842 GMT. West Texas Intermediate futures rose 1.51, or 1.7, to 91.18. Both benchmark contracts rose about 3 on Tuesday. At least three container ships were hit by gunfire in the Strait of Hormuz on Wednesday, maritime security sources and the United Kingdom Maritime Trade Operations said. Iran has imposed restrictions on ships using the strait, first in retaliation for the U.S.Israeli bombardment of the country, and then in response to a U.S. blockade of Iranian ports. Earlier, U.S. President Donald Trump had said he would indefinitely extend the ceasefire with Iran, hours before its expiry, to allow talks to continue to end a war that has killed thousands and shaken the global economy. DOUBTS OVER WHETHER ISRAEL AND IRAN WILL AGREE The announcement appeared to be unilateral, and it was not immediately clear whether Iran, or U.S. ally Israel, would agree to extend the truce, which began two weeks ago. There was no immediate comment from Iran39;s most senior leaders on Trump39;s ceasefire extension. The Strait of Hormuz,... https://www.gurutrade.com/news/oil-up-on-reports-of-container-ships-in-hormuz-being-hit-by-gunfire-1776850210.html Wed, 22 Apr 2026 11:50:59 +0300 https://www.gurutrade.com/news/oil-falls-on-expectations-us-iran-talks-likely-to-proceed-opening-supply-1776759808.html Iran considers attending peace talks in Pakistan Oil demand falls about 3 so far on higher prices, Societe Generale says Another month of Hormuz disruption could push prices toward 110 a barrel in 2Q26, Citi says SINGAPORE, April 21 Reuters Oil prices fell over 1 on Tuesday, reversing gains in the previous session, on expectations peace talks between the U.S. and Iran will take place this week and lead to more supply to flow from the key Middle East producing region. Brent crude futures declined 1.04, or 1.1, at 94.44 a barrel at 0600 GMT. U.S. West Texas Intermediate WTI for May fell 1.66, or 1.9, to 87.95. The May contract expires on Tuesday and the moreactive June contract was down 1.24, or 1.4, at 86.18. Both benchmarks surged on Monday, with Brent up 5.6 and WTI up 6.9, after Iran again shut the Strait of Hormuz, closing the key oil transport artery, and the U.S. seized an Iranian cargo ship as part of its blockade of the country39;s ports. Still, investors are focusing on the likelihood talks this week will result in the extension of the existing ceasefire or a final agreement, though the chance of further conflict and disruptions to oil flows remains. While energy markets popped higher yesterday following Iran39;s decision to reverse its opening of the Strait of Hormuz, they39;re still trading in a manner which suggests optimism over U.S.Iran talks, said ING analysts in a note. But we believe markets are underpricing the ongoing supply disruption.... https://www.gurutrade.com/news/oil-falls-on-expectations-us-iran-talks-likely-to-proceed-opening-supply-1776759808.html Tue, 21 Apr 2026 09:30:07 +0300 https://www.gurutrade.com/news/oil-rises-5-on-renewed-us-iran-tension-1776672288.html US seizes Iranian cargo ship Tehran rejects a second round of peace talks More than 20 vessels pass the strait on Saturday Kpler data SINGAPORE, April 20 Reuters Oil prices jumped more than 5 on Monday, on fears that the ceasefire between the United States and Iran could collapse after the U.S. seized an Iranian cargo ship, while traffic through the Strait of Hormuz stayed largely halted. Brent crude futures advanced 4.81, or 5.32, to 95.19 a barrel by 0638 GMT and U.S. West Texas Intermediate was at 88.81 a barrel, up 4.96, or 5.92. Both contracts tumbled by 9 on Friday, their largest daily declines since April 18, after Iran said passage for all commercial vessels through the Strait of Hormuz was open for the remaining ceasefire period and U.S. President Donald Trump said Iran has agreed to never close the strait again. Within 24 hours of Friday39;s 39;completely open39; announcement, there were already tankers that were fired upon by the Islamic Revolutionary Guard Corps IRGC, leading to more fears from the shippers on attempting to leave, said June Goh, a senior oil market analyst at Sparta Commodities. Market fundamentals are getting worse, as 1011 million barrels per day of crude oil remains shut in, Goh said, referring to losses in oil production. The United States said on Sunday that it had seized an Iranian cargo ship that tried to run its blockade while Iran said it would retaliate amid growing worries of a resumption of hostilities. Tehran also... https://www.gurutrade.com/news/oil-rises-5-on-renewed-us-iran-tension-1776672288.html Mon, 20 Apr 2026 10:20:13 +0300 https://www.gurutrade.com/news/oil-rises-on-doubts-us-iran-peace-talks-will-ease-hormuz-disruption-1776332997.html US expresses optimism on reaching a deal with Iran Iran offers proposal allowing ships to exit Oman side of Hormuz free of attack US crude, fuel stocks fall on strong export demand LONDON, April 16 Reuters Oil prices rose on Thursday, reversing earlier declines as the market questioned whether peace talks between the U.S. and Iran would achieve a deal to end the war that has caused unprecedented disruption of Middle Eastern energy supplies. Brent crude futures were up 1.65, or 1.7, at 96.58 a barrel at 0832 GMT. U.S. West Texas Intermediate crude futures climbed 1.45, or 1.6, to 92.74 a barrel. Both benchmarks settled little changed on Wednesday after trading in a wide range during the session. We remain sceptical of any immediate solving of this war, said PVM oil market analyst John Evans. Pick any headline and there is always a counter. The U.S.Israeli war on Iran has caused unprecedented disruption of global oil and gas. It has led to the halting of traffic through the Strait of Hormuz, which typically carries about 20 of the world39;s oil and liquefied natural gas flows. POSSIBLE RESUMPTION OF PEACE TALKS U.S. and Iranian officials were considering returning to Pakistan for further talks as early as the coming weekend. Pakistan39;s army chief arrived in Tehran on Wednesday as a mediator. A source briefed by Tehran told Reuters that Iran could consider allowing ships to sail freely through the Omani side of the Strait of Hormuz in the event of a deal to... https://www.gurutrade.com/news/oil-rises-on-doubts-us-iran-peace-talks-will-ease-hormuz-disruption-1776332997.html Thu, 16 Apr 2026 12:00:15 +0300 https://www.gurutrade.com/news/oil-climbs-over-1-as-hormuz-shipping-constraints-persist-despite-hopes-for-us-iran-talks-1776251459.html Hormuz strait remains largely shut despite ceasefire U.S. to end waivers on Iranian and Russian oil Official U.S. oil inventory data due Wednesday LONDON, April 15 Reuters Oil prices gained more than 1 as shipping through the Strait of Hormuz remained constrained, outweighing expectations of renewed U.S.Iran talks aimed at ending the war in the Middle East. Fortyfive days after Iran39;s Revolutionary Guards declared the strait closed, effectively shutting in about 20 of global oil and liquefied natural gas shipments, transit through the waterway remains uncertain despite a twoweek ceasefire. Traffic is at only a fraction of the 130plus daily crossings seen before the war, sources said on Tuesday. Brent crude futures were up 1.30, or 1.4, to 96.09 a barrel at 1002 GMT, after falling 4.6 in the previous session. U.S. West Texas Intermediate crude was up 1.01, or 1.1, to 92.29. The contract dropped 7.9 the session before. Stock indices rallied on Tuesday on increasing optimism about the prospects for a resolution of the conflict, with the SP 500 hitting close to its record closing high. U.S. President Donald Trump said talks with Tehran on ending the war could resume this week after ending over the weekend without any agreement. But the U.S. has also enacted a blockade of shipping leaving Iranian ports that its military said on Wednesday has completely halted trade going in and out of the country by sea. The optimism that had been fired up on hopes that fresh talks... https://www.gurutrade.com/news/oil-climbs-over-1-as-hormuz-shipping-constraints-persist-despite-hopes-for-us-iran-talks-1776251459.html Wed, 15 Apr 2026 01:50:17 +0300 https://www.gurutrade.com/news/oil-tankers-transiting-strait-of-hormuz-since-start-of-iran-war-1776165217.html April 14 Reuters The U.S. blockade on vessels entering or leaving Iranian ports adds to uncertainty over shipping through the Strait of Hormuz, which has been allbutshut since the start of the Iran war. Ordinarily, roughly one fifth of global oil and gas exports transit the Strait of Hormuz. Here39;s a look at some of the nonIranian oil tankers that have passed the strait since the start of the U.SIsraeli war with Iran on February 28, listed by cargo destination. MALAYSIA Liberiaflagged Very Large Crude Carrier VLCC Serifos entered and exited the Hormuz Passage trial anchorage that bypasses Iran39;s Larak Island on April 10. The tanker, carrying crude loaded from Saudi Arabia and the United Arab Emirates in early March, is expected to arrive at Malaysia39;s Malacca port on April 21. Ocean Thunder, loaded with Iraqi crude and chartered by a unit of Malaysian state energy firm Petronas, transited the waterway on April 5 and is expected to discharge its cargo of 1 million barrels of Basrah Heavy crude in Malaysia39;s Pengerang on April 18. Both tankers are among seven Malaysialinked vessels cleared by Iran to transit the strait, two people familiar with the matter told Reuters. CHINA Chinaflagged VLCCs Cospearl Lake and He Rong Hai exited the Strait of Hormuz on April 11. Cospearl Lake, laden with Iraqi oil, is expected to arrive at China39;s Zhoushan port on May 1. He Rong Hai is heading to Myanmar to discharge its Saudi crude cargo. Both VLCCs are chartered by... https://www.gurutrade.com/news/oil-tankers-transiting-strait-of-hormuz-since-start-of-iran-war-1776165217.html Tue, 14 Apr 2026 01:20:21 +0300 https://www.gurutrade.com/news/oil-rises-over-7-to-above-100-ahead-of-us-blockade-on-iran-1776068138.html Highstakes USIran peace talks yield no agreement US Navy prepares to block ships to and from Iran via Strait of Hormuz Military vessels approaching strait to be viewed as ceasefire breach, Iran says SINGAPORE, April 13 Reuters Oil prices climbed above 100 a barrel on Monday as the U.S. Navy prepared to block ships to and from Iran via the Strait of Hormuz, a move that could restrict Iranian oil exports, after Washington and Tehran failed to reach a deal to end the war. Brent crude futures rose 6.67, or 7.0, to 101.87 a barrel by 0630 GMT after settling 0.75 lower on Friday. U.S. West Texas Intermediate was up 7.26, or 7.5, at 103.83 a barrel following a 1.33 loss in the previous session. The market is now largely back to conditions before the ceasefire, except now the U.S. will block the remaining up to 2 million barrels per day Iranianlinked flows through the Strait of Hormuz as well, said Saul Kavonic, head of energy research at MST Marquee. President Donald Trump said on Sunday the U.S. Navy would start blockading the Strait of Hormuz, raising the stakes after marathon talks with Iran failed to reach a deal to end the war and jeopardising a fragile twoweek ceasefire. He added that the price of oil and gasoline may remain high through November39;s midterm elections, a rare acknowledgement of the potential political fallout from his decision to attack Iran six weeks ago. The mere threat of enforcement alone has been sufficient to reprice risk, demonstrating... https://www.gurutrade.com/news/oil-rises-over-7-to-above-100-ahead-of-us-blockade-on-iran-1776068138.html Mon, 13 Apr 2026 10:00:59 +0300 https://www.gurutrade.com/news/oil-set-for-largest-weekly-loss-in-10-months-after-ceasefire-1775834573.html Attacks have cut Saudi oil output by 600,000 bpd, state news agency says Hormuz shipping at nearstandstill as Iran warns ships to keep to its waters Brent and WTI benchmarks down 12 this week Russia39;s crude exports from western ports increased in April from March LONDON, April 10 Reuters Oil prices were poised for their biggest weekly declines since last June but remain elevated near 100 a barrel on concerns over supplies from Saudi Arabia and limited flows through the Strait of Hormuz. Brent crude futures were down 36 cents, or 0.4, at 95.56 a barrel by 1317 GMT. West Texas Intermediate futures rose 15 cents, or around 0.2, to 98.02. Both contracts have lost about 12 this week after Iran and the U.S. agreed on Tuesday to a twoweek ceasefire brokered by Pakistan. However, fighting has continued and the flow of oil through the Strait of Hormuz remains heavily restricted, keeping futures near 100 a barrel and pushing prices in the physical market to record highs. The key issue for the oil market is whether ship traffic through the Strait of Hormuz will resume. So far, there are no signs of this happening. If oil supplies from the Persian Gulf remain blocked, oil prices are likely to rise again, Commerzbank analysts said in a note on Friday. Traffic through the Strait of Hormuz remained less than 10 of normal volumes as Tehran asserted its control by warning ships to keep to its territorial waters. The majority of ships that have sailed through the Strait of... https://www.gurutrade.com/news/oil-set-for-largest-weekly-loss-in-10-months-after-ceasefire-1775834573.html Fri, 10 Apr 2026 05:20:28 +0300 https://www.gurutrade.com/news/oil-rebounds-as-fragile-gulf-ceasefire-constrained-hormuz-keep-supply-risks-elevated-1775721591.html Market struggles to price clear path for Hormuz reopening Shippers await clarity before resuming transit Strikes across Gulf raise supply threats despite ceasefire NEW DELHI, April 9 Reuters Oil prices rose on Thursday as doubts over a fragile twoweek Middle East ceasefire raised concerns that energy flows through the crucial Strait of Hormuz will remain restricted. Brent crude futures were up 2.18, or 2.3, at 96.93 a barrel at 0645 GMT, while U.S. West Texas Intermediate WTI crude rose 3, or 3.18, to 97.41 a barrel. Both benchmarks fell below 100 per barrel in the previous trading session, with WTI recording its biggest decline since April 2020, on early optimism the ceasefire will result in a reopening of the strait. However, analysts said market participants are hesitant to fully strip out the geopolitical risk premium, and there is no clarity on what negotiations between the U.S. and Iran would mean for oil flows. The chances of a meaningful reopening of the Strait of Hormuz any time soon look dim, said Vandana Hari, founder of oil market analysis provider Vanda Insights, predicting continued volatility in oil prices. The futures market looks a bit broken, she said. Otherwise, prices should have snapped right back to preceasefire levels by now. The vital waterway connects supply from Gulf producers such as Iraq, Saudi Arabia, Kuwait and Qatar to global markets, and typically carries about 20 of global oil and gas supply. The viability of the ceasefire is... https://www.gurutrade.com/news/oil-rebounds-as-fragile-gulf-ceasefire-constrained-hormuz-keep-supply-risks-elevated-1775721591.html Thu, 09 Apr 2026 10:00:21 +0300 https://www.gurutrade.com/news/oil-prices-hover-around-110-bbl-hormuz-stays-shut-ahead-of-trump-deadline-1775560700.html Iran faces 8 p.m. Washington deadline to open Strait of Hormuz Trump threatens to order attacks on Iran39;s bridges, power plants Iran rejects temporary ceasefire, demands permanent end to conflict WTI premium to Brent widens LONDON, April 7 Reuters Oil prices hovered around 110 a barrel on Tuesday as a deadline imposed by U.S. President Donald Trump loomed for Iran to open the Strait of Hormuz or be taken out. Brent crude futures were down 95 cents, or 0.9, at 108.82 a barrel by 0920 GMT. U.S. West Texas Intermediate crude futures hit a fourweek high at over 116 a barrel earlier in the session, but erased those gains to trade down 11 cents, or 0.1, at 112.30. Typically WTI trades at a discount to Brent, but this has reversed in a market where barrels for earlier delivery command a higher price. The benchmark WTI contract is for May delivery while Brent is for June delivery. Trump has given Iran until 8 p.m. in Washington midnight GMT to reopen the Strait of Hormuz, through which about a fifth of global oil supply is normally shipped. Iranian forces effectively shut the strait after U.S. and Israeli attacks began on February 28. If Tehran fails to comply, Trump said every bridge in Iran will be decimated by midnight EDT 0400 GMT on Wednesday and every power plant in Iran will be out of business, burning, exploding, and never to be used again. Responding to a U.S. proposal through mediator Pakistan, Iran rejected a ceasefire and said a permanent end to the war... https://www.gurutrade.com/news/oil-prices-hover-around-110-bbl-hormuz-stays-shut-ahead-of-trump-deadline-1775560700.html Tue, 07 Apr 2026 01:20:03 +0300 https://www.gurutrade.com/news/oil-prices-fall-on-us-iran-receiving-peace-proposal-1775469299.html Strait of Hormuz closure disrupts Middle East oil exports, refiners seek alternatives Trump threatens further action if Strait remains closed Iran allows passage for select vessels OPEC agrees modest output rise, war limits actual increases Russian supply also disrupted   LONDON, April 6 Reuters Oil prices fell more than 2 in choppy trade on Monday, as investors awaited clarity on the status of talks between the U.S. and Iran and remained wary about sustained supply losses due to shipping disruptions. Brent crude futures fell 1.92, or 1.76, to 107.11 a barrel at 1037 GMT. U.S. West Texas Intermediate crude futures were trading down 1.82, or 2.03, at 109.50 per barrel. The pricing moves in Asia trading on Monday were dwarfed by an 11 surge for WTI and an 8 rise for Brent during the previous trading session on Thursday, the biggest absolute price increase since 2020.   The U.S. and Iran received the framework of a plan to end hostilities, but Iran rejected immediately reopening the Strait of Hormuz, after President Donald Trump threatened to rain hell on Tehran if it did not make a deal by the end of Tuesday. Iran also said it has formulated its positions and demands in response to recent ceasefire proposals conveyed via intermediaries. The Strait of Hormuz, which carries oil and petroleum products from Iraq, Saudi Arabia, Qatar, Kuwait and the United Arab Emirates, remains largely closed due to Iranian attacks on shipping after the war began on February 28.... https://www.gurutrade.com/news/oil-prices-fall-on-us-iran-receiving-peace-proposal-1775469299.html Mon, 06 Apr 2026 12:50:33 +0300 https://www.gurutrade.com/news/oil-jumps-over-5-on-trump-says-u-s-to-keep-up-attacks-on-iran-1775112894.html SINGAPORE, April 2 Reuters Oil prices climbed more than 5 on Thursday, as President Donald Trump said the United States would keep up attacks on Iran without committing to a specific timeline to end the war, fanning investor fears about sustained disruptions to supply. Brent crude futures rose 6.33, or 6.3, to 107.49 per barrel by 0407 GMT. U.S. West Texas Intermediate crude futures were up 5.28, or 5.3, to 105.40 per barrel. The gains followed an earlier fall of more than 1 in both benchmarks prior to Trump39;s televised speech to the nation, after having settled lower in the previous session. We are going to finish the job, and we39;re going to finish it very fast. We39;re getting very close, Trump said, adding that the U.S. military had nearly achieved its goals in the conflict which would end in two to three weeks, but giving no specifics. Markets are reacting to the fact that no clear mention of ceasefire or diplomatic engagement, figured in the speech, said Priyanka Sachdeva, senior market analyst at Phillip Nova. If tensions intensify or maritime risks increase, oil could test fresh highs as markets price in potential supply disruptions. Threats to maritime traffic have grown as the regional conflict intensifies. On Wednesday an oil tanker leased to QatarEnergy was hit by an Iranian cruise missile in Qatari waters, its defence ministry said. The head of the International Energy Agency also cautioned that supply disruptions would start to affect... https://www.gurutrade.com/news/oil-jumps-over-5-on-trump-says-u-s-to-keep-up-attacks-on-iran-1775112894.html Thu, 02 Apr 2026 08:50:45 +0300 https://www.gurutrade.com/news/dubai-crude-s-premium-slumps-sellers-pile-offers-onto-totalenergies-1774604605.html Dubai39;s premium slumps to 17bbl, down more than 60 from Wednesday Premium for Middle East benchmark peak at 65bbl last week More sellers than buyer on Platts window, traders say SINGAPORE, March 27 Reuters The spot premium for Dubai crude has slumped by more than half to hit its lowest level in three weeks after more sellers emerged and piled on offers while TotalEnergies remained the sole bidder, according to traders and data collated by Reuters. The premium for the Middle East benchmark that prices millions of barrels of crude imported by Asia dropped sharply to about 17 a barrel at the market close on Thursday, down more than 60 from 51.20 a barrel against Dubai swaps in the previous session, underscoring severe price volatility due to the U.S.Israeli war with Iran which has disrupted shipping in the Strait of Hormuz. Sellers such as Unipec, Vitol, Shell and BP started offering Dubai an hour before the trading window opened on Thursday, three of the people said. They had more than an hour to keep offering Dubai down, one of them said. Totsa came up but it wasn39;t even trying to aggressively counter them. SP Global Platts39; Market on Close process known as the window runs from 400 pm to 430 pm Singapore time 08000830 GMT on weekdays, during which traders submit bids and offers that feed directly into daily price assessments. A second trader said the tight timing and price increment rules make it hard for sellers to respond swiftly to an aggressive... https://www.gurutrade.com/news/dubai-crude-s-premium-slumps-sellers-pile-offers-onto-totalenergies-1774604605.html Fri, 27 Mar 2026 10:50:07 +0200 https://www.gurutrade.com/news/oil-rises-as-supply-disruption-persists-and-iran-denies-us-talks-1774358747.html Trump says US, Iran have 39;major points of agreement39; Iran rejects claim of contact with Washington Macquarie says Brent could hit 150 if Hormuz shut through April LONDON, March 24 Reuters Oil rose on Tuesday as the world39;s biggest supply disruption persisted and as Iran denied it had talks with the U.S. to end the war in the Gulf, contradicting U.S. President Donald Trump who said a deal could be reached soon. Crude futures had dropped more than 10 on Monday, after Trump ordered a fiveday delay to attacks on Iran39;s power plants, saying the U.S. had talks with unnamed Iranian officials that produced major points of agreement. Brent futures rose 1.83, or 1.8, to 101.77 a barrel at 1130 GMT. U.S. West Texas Intermediate WTI climbed 2.21, or 2.5, to 90.34. The war has all but halted shipments of about onefifth of the world39;s oil and liquefied natural gas through the Strait of Hormuz, causing what the International Energy Agency has called the biggestever oil supply disruption. The reality on the ground is unchanged, said Nikos Tzabouras, analyst at Jefferiesowned Tradu.com. The Strait of Hormuz remains effectively closed and supply disruptions linger, tightening the market. Iran on Tuesday sent waves of missiles into Israel. Three senior Israeli officials, speaking on condition of anonymity, said Trump appeared determined to reach a deal, but that they thought it highly unlikely that Iran would agree to U.S. demands in any new round of negotiations. The... https://www.gurutrade.com/news/oil-rises-as-supply-disruption-persists-and-iran-denies-us-talks-1774358747.html Tue, 24 Mar 2026 02:30:31 +0200 https://www.gurutrade.com/news/oil-retreats-as-us-and-allies-look-to-boost-supply-unchoke-strait-of-hormuz-1773995393.html European nations, Japan willing to help secure Strait of Hormuz US weighs further SPR release Brent up for the week, WTI discount widens SINGAPORE, March 20 Reuters Oil prices fell on Friday as leading European nations and Japan offered to join efforts to secure safe passage for ships through the Strait of Hormuz and the U.S. outlined moves to boost oil supply. Looking to curb soaring oil prices, U.S. Treasury Secretary Scott Bessent said the U.S. may soon remove sanctions from Iranian oil stranded on tankers, and said a further release of crude from the U.S. Strategic Petroleum Reserve was possible. Brent futures fell 39 cents, or 0.4, to 108.26 a barrel at 0730 GMT, while U.S. West Texas Intermediate WTI crude fell 87 cents, or 0.9, to 95.27. Still, for the week, benchmark Brent was on track to rise nearly 5 after Iran hit oil and gas facilities in the Gulf states, forcing production to be curtailed. WTI, however, was set to fall about 4 in its first weekly decline in five weeks. Both benchmarks shed some of their war premiums on Friday morning after world leaders started to acknowledge a need for restraint and deescalation, said Priyanka Sachdeva, senior market analyst at Phillip Nova. She added that markets will remain sensitive to the critical Hormuz chokepoint. The damage has been inflicted, and even if safe passage for tankers is somehow negotiated through Hormuz, reviving logistics fully fledged can take an awfully long time, Sachdeva said. Till then,... https://www.gurutrade.com/news/oil-retreats-as-us-and-allies-look-to-boost-supply-unchoke-strait-of-hormuz-1773995393.html Fri, 20 Mar 2026 09:40:59 +0200 https://www.gurutrade.com/news/oil-jumps-above-115-bbl-after-attacks-on-mideast-energy-assets-multiply-1773914083.html Brent gains over 7, WTI rises more than 3 Qatar, Saudi Arabia, Kuwait hit by Iran missile attacks US Fed holds rates steady, sees higher inflation amid war LONDON, March 19 Reuters Oil prices jumped on Thursday, with benchmark Brent rising to its highest in more than a week to more than 115 a barrel, after Iran attacked energy facilities across the Middle East following Israel39;s strike on its South Pars gas field, a major escalation in the war. Brent futures were up 6.08, or 5.7, at 113.46 a barrel by 0814 GMT, after climbing almost 8 to the highest since March 9 to a session high of 115.10. U.S. West Texas Intermediate crude rose 57 cents, or 0.6, to 96.89 a barrel, after earlier gaining almost 4 to trade at 100.02. WTI has been trading at its widest discount to Brent in 11 years due to releases from U.S. strategic reserves and higher freight costs, while renewed attacks on Middle Eastern energy facilities boosted support for Brent. Escalation in the Middle East, precise attacks on oil infrastructure, and the death of Iranian leadership all point to a prolonged disruption in oil supplies, Phillip Nova analyst Priyanka Sachdeva said in a note. Adding fuel to the fire, the Federal Reserve served 39;steady rates39; with a hawkish narrative, pointing to the economic concerns that follow a war. U.S. FED HOLDS STEADY The U.S. central bank held interest rates steady on Wednesday, projecting higher inflation as policymakers take stock of the impact of the... https://www.gurutrade.com/news/oil-jumps-above-115-bbl-after-attacks-on-mideast-energy-assets-multiply-1773914083.html Thu, 19 Mar 2026 11:20:02 +0200 https://www.gurutrade.com/news/brent-crude-oil-price-jumps-after-attack-on-iran-s-south-pars-field-1773845602.html Oil exports resume Wednesday amid security, economic challenges US crude stocks rose last week, sources cite API data Brent futures above 100 as no sign of war deescalation LONDON, March 18 Reuters Brent crude prices rose more than 4 on Wednesday after Iran39;s Revolutionary Guards threatened several energy facilities across Saudi Arabia, UAE, and Qatar in retaliation for an attack on its energy sites, heightening the risk of further disruptions to energy supplies in the region. With no signs of deescalation in the Iran conflict, benchmark Brent futures prices have settled above 100 per barrel for the past four sessions. Brent futures were up 4.53, or 4.4, at 107.95 a barrel by 1321 GMT on Wednesday, having risen to as high as 108.60 earlier in the session. U.S. West Texas Intermediate crude gained 1.91, or 2, to 98.12. The attacks on Iran39;s South Pars field were boosting oil and gas prices, and any further escalations of attacks to energy infrastructure would continue to raise prices, SEB analyst Ole Hvalbye said. Iran39;s Fars news agency said on Wednesday some tanks and gas facilities in the country39;s Asaluyeh refinery had been hit. IRAQI EXPORTS RESUME VIA PIPELINE In Iraq, North Oil Company sources said exports had resumed via pipeline after Baghdad and the Kurdistan Regional Government agreed on Tuesday to restart flows. Two oil officials said last week Iraq was seeking to pump at least 100,000 bpd through the port. Despite this development,... https://www.gurutrade.com/news/brent-crude-oil-price-jumps-after-attack-on-iran-s-south-pars-field-1773845602.html Wed, 18 Mar 2026 04:00:15 +0200 https://www.gurutrade.com/news/oil-falls-after-iraq-resumes-oil-exports-via-turkey-s-ceyhan-port-1773822845.html Oil exports resumed on Wednesday amid security and economic challenges US crude stocks rose last week sources cite API data Brent futures remain above 100 per barrrel as no signs of Iran war deescalation BEIJINGSINGAPORE, March 18 Reuters Oil prices fell on Wednesday after crude exports resumed from Iraq39;s Kirkuk fields to Turkey39;s Ceyhan port via pipeline, providing modest relief to global markets concerned about supplies from the Middle East. But with no signs of a deescalation of the Iran conflict, which has left oil exports from the Middle East largely halted, Brent futures prices have settled above 100 per barrel for the prior four consecutive sessions. After rising more than 3 on Tuesday, Brent futures retreated 1.51, or 1.46, to 101.91 a barrel by 0731 GMT on Wednesday. U.S. West Texas Intermediate crude dropped 2.75, or 2.86, to 93.46. North Oil Company sources said crude exports had resumed via pipeline, after Baghdad and the Kurdistan Regional Government KRG agreed on Tuesday to restart flows. Two oil officials said last week that Iraq was seeking to pump at least 100,000 barrels per day of crude through the port. The news provided some relief to the market. Any additional volume finding its way back to the market is valuable under the current situation, so prices moved down to reflect that, said LSEG senior analyst Anh Pham. But we are still in a 100 per barrel oil environment, and the crisis around the Strait of Hormuz shows no sign of stopping... https://www.gurutrade.com/news/oil-falls-after-iraq-resumes-oil-exports-via-turkey-s-ceyhan-port-1773822845.html Wed, 18 Mar 2026 10:00:14 +0200 https://www.gurutrade.com/news/oil-rises-more-than-1-after-renewed-iranian-attacks-on-uae-1773757777.html Iran renews attacks on US Gulf allies Strait of Hormuz disruption has halved UAE crude output Middle East crude benchmarks hit record highs LONDON, March 17 Reuters Oil prices rose by more than 1 on Tuesday, recovering some of the previous session39;s losses as Iranian attacks on the United Arab Emirates rekindled supply fears while the Strait of Hormuz remains largely shut. Brent crude futures gained 1.73, or 1.7, to 101.94 a barrel by 1315 GMT while U.S. West Texas Intermediate WTI crude advanced by 1.23, or 1.3, to 94.73. In the previous session, Brent lost 2.8 while U.S. WTI fell by 5.3 after some vessels sailed through the critical Strait of Hormuz waterway. The U.S.Israeli war on Iran is in its third week with no end in sight, as Iran renews attacks on the United Arab Emirates. Oil loading at the United Arab Emirates port of Fujairah was at least partly halted on Tuesday after a third attack in four days caused a fire at the export terminal while operations at the Shah gas field remained suspended after an earlier attack. Fujairah, located on the Gulf of Oman just outside the Strait of Hormuz, is a critical exit point for oil volumes equivalent to roughly 1 of global demand. Meanwhile, the disruption to shipping through the Strait of Hormuz a vital gateway for about 20 of the world39;s oil and liquefied natural gas trade has raised concerns about supply shortages, higher energy costs and rising inflation. The risks remain stark It only takes one Iranian... https://www.gurutrade.com/news/oil-rises-more-than-1-after-renewed-iranian-attacks-on-uae-1773757777.html Tue, 17 Mar 2026 03:30:41 +0200 https://www.gurutrade.com/news/oil-rises-attacks-on-middle-east-export-facilities-continue-1773656073.html US in talks with other countries to protect Strait of Hormuz, Trump says Brent, WTI have surged more than 40 this month US hit military targets on Iran39;s Kharg Island oil export hub Oil reserves to begin flowing to market soon, IEA says Trump rejects efforts for Iran ceasefire talks, sources say LONDON, March 16 Reuters Oil prices rose on Monday as the U.S.Israeli war on Iran continued to disrupt oil production and shipping in the Middle East, despite U.S. President Donald Trump39;s call for global efforts to secure the vital Strait of Hormuz. Brent crude futures rose 2.30, or 2.2, to 105.44 a barrel by 0903 GMT. U.S. West Texas Intermediate crude gained 1.29, or 1.3, to 100 a barrel. Both contracts have surged more than 40 this month to their highest since 2022, after the U.S.Israeli attacks on Iran prompted Tehran to halt shipping through the Strait of Hormuz, a critical waterway for energy shipments, choking off a fifth of global oil and LNG supplies. Oilloading operations have been suspended at the United Arab Emirates port of Fujairah on Monday, two sources told Reuters, after a drone attack sparked a fire in the emirate39;s petroleum industrial zone. Fujairah, outside the Strait of Hormuz, is the outlet for about 1 million barrels per day of the UAE39;s flagship Murban crude oil a volume equal to about 1 of world demand. The war in the Middle East is creating the biggest oil supply disruption in history, the International Energy Agency said on... https://www.gurutrade.com/news/oil-rises-attacks-on-middle-east-export-facilities-continue-1773656073.html Mon, 16 Mar 2026 12:00:38 +0200 https://www.gurutrade.com/news/brent-crosses-100-bbl-as-tanker-path-corrected-1773423067.html Indiaflagged tanker sails out of Oman, mistaken for passing through Hormuz Strait US measures aimed at easing supply tightness Disruption of trade through the strait continues LONDON, March 13 Reuters Brent crude climbed past 100 a barrel on Friday as it became clear an Indian tanker did not sail through the Strait of Hormuz but had departed from Oman east of the strait, which has been closed since the U.S.Israeli war against Iran began. Brent futures for May were up 1.37, or 1.36, to 101.83 a barrel at 1055 a.m. CDT 1555 GMT, heading for a weekly increase. U.S. West Texas Intermediate WTI crude for April gained 53 cents, or 0.55, to 96.26 a barrel, and was set for an uptick on the week. An Indiaflagged oil tanker was said by an Indian government official to be moving east of the Strait of Hormuz carrying gasoline bound for Africa, leading to the misperception the ship had passed through the strait itself. The Iranian government has been attacking ships attempting to pass through the strait, a natural bottleneck between the Persian Gulf and the Gulf of Oman. The U.S. issued a 30day license for countries to buy Russian oil and petroleum products stranded at sea. Treasury Secretary Scott Bessent said it was a step to stabilise global energy markets roiled by the U.S.Israeli war on Iran. This will affect 100 million barrels of Russian crude, equal to almost a day39;s worth of global output, according to Russia39;s presidential envoy Kirill Dmitriev. Russian oil... https://www.gurutrade.com/news/brent-crosses-100-bbl-as-tanker-path-corrected-1773423067.html Fri, 13 Mar 2026 06:30:05 +0200 https://www.gurutrade.com/news/oil-heads-for-weekly-gains-despite-us-sanctions-waiver-on-russian-oil-1773392710.html Measures aimed at easing supply tightness fail to calm markets Disruption of trade through Strait of Hormuz is 39;fundamental39; Brent more susceptible to energy security issues than WTI SINGAPORE, March 13 Reuters Oil prices headed for weekly gains as of Friday, despite the U.S. trying to ease supply concerns by issuing a 30day license for countries to buy Russian oil and petroleum products stranded at sea. Brent futures for May rose 1.02, or 1, to 101.48 a barrel at 0730 GMT, heading for a weekly increase of nearly 10. U.S. West Texas Intermediate WTI crude for April was up by 94 cents, or 1.0, at 96.67 a barrel, poised for more than a 6 uptick for the week. The license was issued in what Treasury Secretary Scott Bessent said was a step to stabilise global energy markets roiled by the U.S.Israeli war on Iran, but analysts said this has failed to resolve wider supply constraints. ICE Brent futures have already breached 100 per barrel and are still supported today, despite moves to calm the markets with the Russian oil waiver and the unprecedented release of emergency stockpiles, said Emril Jamil, senior analyst at LSEG. The market sees this as a shortterm solution that does not address the crux of the supply disruption. The crude intermonth spreads for future months indicate an unresolved and continued tightness in supply, Jamil said. Brent is more supported than WTI as Europe is more susceptible to energy security issues, while the U.S. is able to stave off... https://www.gurutrade.com/news/oil-heads-for-weekly-gains-despite-us-sanctions-waiver-on-russian-oil-1773392710.html Fri, 13 Mar 2026 10:40:28 +0200 https://www.gurutrade.com/news/oil-climbs-as-iran-steps-up-attacks-on-gulf-shipping-1773306024.html Iranian boats attacked two tankers in Iraqi waters, port officials said Shipping through Strait or Hormuz still halted IEA proposed release of 400 million barrels may offer only limit relief, analysts say BEIJINGSINGAPORE, March 12 Reuters Oil prices rose on Thursday as Iran stepped up attacks on oil and transport facilities across the Middle East, raising fears of a prolonged conflict and oilflow disruptions through the Strait of Hormuz. Brent futures were up 4.47, or 4.86, to 96.45 a barrel at 0733 GMT, having hit 100 per barrel in earlier trading, while U.S. West Texas Intermediate crude climbed 4.05, or 4.64, to 91.30. Brent hit 119.50 a barrel on Monday, its highest since mid2022, then dropped after U.S. President Donald Trump said the Iran war could be over soon. Get ready for oil to be 200 a barrel, because the oil price depends on regional security, which you have destabilised, a spokesperson for Iran39;s military command said on Wednesday in remarks directed at the United States. There are no signs of a deescalation in the Gulf and as a result, there is no end in sight to the disruptions to oil flows through the Strait of Hormuz, ING analysts said on Thursday. The only way to see oil prices trade lower on a sustained basis is by getting oil flowing through the Strait of Hormuz, ING said. Failing to do so means that the market highs are still ahead of us. Two foreign tankers carrying Iraqi fuel oil were hit by unidentified attackers in Iraq39;s... https://www.gurutrade.com/news/oil-climbs-as-iran-steps-up-attacks-on-gulf-shipping-1773306024.html Thu, 12 Mar 2026 10:00:56 +0200 https://www.gurutrade.com/news/oil-prices-seesaw-as-markets-weigh-iea-reserves-release-persistent-supply-concerns-1773217312.html WSJ reports IEA proposed largestever release of oil reserves France to host G7 leaders call on Wednesday U.S. crude, gasoline and distillate stocks fell last week March 11 Reuters Oil prices rebounded on Wednesday as markets doubted whether the International Energy Agency39;s reported plan for a record release of oil reserves could offset potential supply shocks from the U.S.Israeli conflict with Iran. Brent futures traded up 59 cents, or 0.7, at 88.39 a barrel by 0727 GMT. U.S. West Texas Intermediate WTI traded 98 cents higher, or 1.2, at 84.43 a barrel. Both contracts extended losses in early Asian trade, after plunging more than 11 on Tuesday, despite U.S. crude prices leaping 5 at the market39;s opening. The IEA39;s proposed drawdown would exceed the 182 million barrels of oil that IEA member countries put onto the market in two releases in 2022 when Russia launched its fullscale invasion of Ukraine, the WSJ said, citing officials familiar with the matter. In a note to clients, Goldman Sachs analysts said that a stockpile release of that size would offset 12 days of the investment bank39;s estimated 15.4 million barrelperday Gulf exports disruption. The U.S. and Israel pounded Iran on Tuesday with what the Pentagon and Iranians on the ground called the most intense airstrikes of the war. The U.S. military also eliminated 16 Iranian minelaying vessels near the Strait of Hormuz on Tuesday, the U.S. Central Command said, as U.S. President Donald Trump warned... https://www.gurutrade.com/news/oil-prices-seesaw-as-markets-weigh-iea-reserves-release-persistent-supply-concerns-1773217312.html Wed, 11 Mar 2026 10:00:15 +0200 https://www.gurutrade.com/news/oil-sinks-7-as-trump-predicts-middle-east-de-escalation-1773151644.html Oil prices fall after topping 119 a barrel on Monday Trump predicted the war in the Middle East could be over soon G7 ready to act on oil surge but holds off tapping reserves LONDON, March 10 Reuters Oil prices plummeted 7 on Tuesday after soaring to a more than threeyear high in the previous session as U.S. President Donald Trump predicted the war in the Middle East could end soon, easing concerns about prolonged disruptions to oil supplies. Brent futures were down 7.15, or 7.2, at 91.81 a barrel by 1307 GMT, while U.S. West Texas Intermediate WTI crude was down 6.26, or 6.6, at 88.51 a barrel. Both contracts fell as much as 11 earlier in the day Trading volumes in Brent dropped to about 328,000 contracts, the lowest amount since February 27, just before the start of the U.S.Israeli war on Iran. Volumes in WTI fell to 296,000 contracts, the lowest since February 23. Oil surged to more than 119 a barrel on Monday to its highest since mid2022 as supply cuts by Saudi Arabia and other producers stoked fears of major disruptions to global supplies. Prices later retreated after Russian President Vladimir Putin had a call with Trump and shared proposals aimed at a quick settlement to the war, according to a Kremlin aide, easing concerns about oil supply. Trump said on Monday in a CBS News interview that he thought the war against Iran was very complete and Washington was very far ahead of his initial four to fiveweek estimated time frame. Clearly Trump39;s comments... https://www.gurutrade.com/news/oil-sinks-7-as-trump-predicts-middle-east-de-escalation-1773151644.html Tue, 10 Mar 2026 03:30:32 +0200 https://www.gurutrade.com/news/oil-pares-gains-still-on-track-for-record-surge-as-iran-war-escalates-1773046150.html Brent, WTI hit highest levels since July 2022 Brent jumps as much as 29, WTI surges up to 31 Iraq, Kuwait cut oil output Iran names hardliner Mojtaba Khamenei as new supreme leader SINGAPORE, March 9 Reuters Oil prices came off earlier highs on Monday but were still up more than 15 at levels not seen since mid2022 as some major producers cut supplies and fears of prolonged shipping disruptions gripped the market due to the expanding U.S.Israeli war with Iran. Brent crude futures were up 15.51, or 16.7, at 108.20 per barrel at 0642 GMT on track for the biggestever jump in a single day, while U.S. West Texas Intermediate WTI crude futures were up 14.23, or 15.7, at 105.13. Disruptions in tanker movements and rising security risks have already slowed shipping activity, and left Asian buyers reliant on Middle Eastern crude especially vulnerable because the crisis is unfolding around the Strait of Hormuz, through which roughly onefifth of the world39;s oil supply passes. WTI surged 31.4 to a session high of 119.48 a barrel earlier on Monday, while Brent rose as much as 29 to 119.50 a barrel. Before the surge on Monday, Brent had already climbed 27 and WTI by 35.6 last week. Prices pared gains after the Financial Times reported that the Group of Seven G7 finance ministers and the International Energy Agency will discuss on Monday a joint emergency oil reserves release, and Saudi Aramco offered prompt crude supply through a series of rare tenders. Unless oil flows... https://www.gurutrade.com/news/oil-pares-gains-still-on-track-for-record-surge-as-iran-war-escalates-1773046150.html Mon, 09 Mar 2026 09:50:37 +0200 https://www.gurutrade.com/news/oil-leaps-3-on-supply-concerns-as-iran-conflict-widens-1772702965.html Iran launches wave of missiles at Israel US Senate blocks measure to halt American air assault Traffic through Strait of Hormuz remains halted, production cuts widen LONDON, March 5 Reuters Oil prices rose on Thursday, extending a rally as the escalating U.S.Israeli war with Iran continued to disrupt supplies, prompting some major producers to cut production and others to take measures to ensure supply security. Brent crude was up 2.35, or 2.9, at 83.75 per barrel by 0850 GMT, a fifth session of gains. U.S. West Texas Intermediate crude rose 2.42, or 3.2, to 77.08. Oil markets are tightening, with the Chinese government telling the largest oil refiners to suspend exports of diesel and gasoline, said PVM analyst John Evans. European diesel futures reached their highest level since October 2022 at 1,130. Crude oil markets remained on edge as they face ongoing risks to supply following the attacks in the Middle East, with concerns centred on trade flows through the Strait of Hormuz, ANZ analysts said in a note on Thursday. Around 300 oil tankers remained inside the Strait as vessel traffic in and out of the chokepoint nearly halted following the outbreak of war, according to ship tracking data from Vortexa and Kpler that excludes some of the smallest tankers. Iranian forces have struck oil tankers in or near the Strait of Hormuz. Explosions were reported overnight near a tanker off Kuwait, according to the United Kingdom Maritime Trade Operations. Iran launched a... https://www.gurutrade.com/news/oil-leaps-3-on-supply-concerns-as-iran-conflict-widens-1772702965.html Thu, 05 Mar 2026 11:40:49 +0200 https://www.gurutrade.com/news/oil-steady-as-widening-us-israeli-strikes-on-iran-snarl-hormuz-flows-1772649399.html Prices pare gains after NYT report on IranCIA contact Pentagon chief says US winning the war US crude stocks rise by 3.5 million barrels, EIA says HOUSTON, March 4 Reuters Oil prices were steady despite volatile trading on Wednesday as further U.S., Israeli strikes against Iran escalated the conflict and paralysed shipping through the Strait of Hormuz for a fifth day to impact vital Middle East oil and gas production. Brent crude was down 24 cents, or 0.3, to 81.13 per barrel at 1118 a.m. ET 1618 GMT. On Tuesday, Brent closed at its highest since January 2025. U.S. West Texas Intermediate crude was down 27 cents, or 0.4, to 74.30, a day after settling at its highest since June. While flows through the Strait of Hormuz remain disrupted, market participants seem to expect a deescalation of the conflict and a resumption of oil flows, UBS analyst Giovanni Staunovo said. The market should, however, also focus on the risk of further production shutins if flows through the Strait remain disrupted, in my view. The Brent benchmark had gained more than 3 to touch 84.48 in morning trading, within sight of multiyear highs, but traded down after the New York Times reported operatives from Iran39;s Ministry of Intelligence signalled openness to the U.S. Central Intelligence Agency to talks on ending the war, citing officials briefed on the matter. U.S. Defense Secretary Pete Hegseth said on Wednesday the U.S. was winning the war against Iran and that the U.S. military could... https://www.gurutrade.com/news/oil-steady-as-widening-us-israeli-strikes-on-iran-snarl-hormuz-flows-1772649399.html Wed, 04 Mar 2026 07:10:01 +0200 https://www.gurutrade.com/news/oil-prices-rise-1-iran-crisis-disrupts-middle-east-supply-1772608088.html Geopolitical factors remain nearterm key driver, analyst says U.S. crude stocks up 5.6 million barrels last week, sources say March 4 Reuters Oil prices rose 1 on Wednesday as the U.S.Israeli war on Iran disrupted Middle East supplies, but the pace of gains slowed from past sessions after President Donald Trump raised the possibility of the U.S. Navy escorting vessels through the Strait of Hormuz. Brent rose 1.17, or 1.4, to 82.57 a barrel by 0408 GMT, after closing at its highest since January 2025 on Tuesday. U.S. West Texas Intermediate crude rose 72 cents, or 1, to 75.28, after settling at its highest since June. Both rose by around 5 or more in the past two sessions. Right now, geopolitics has clearly overtaken the usual price drivers like inventory data, U.S. economic numbers or OPEC commentary, Phillip Nova senior market analyst Priyanka Sachdeva said. In the near term, the key pointers to watch are physical export data from the Gulf, any confirmed tanker incidents, U.S. naval movement, and Iran39;s tone, she added. Israeli and U.S. forces struck targets across Iran on Tuesday, prompting Iranian strikes against energy infrastructure in a region that accounts for just under a third of global oil production. Iraq, the secondlargest crude producer in the Organization of the Petroleum Exporting Countries, has cut output by nearly 1.5 million barrels a day, about half its production, due to storage limits and the lack of an export route, officials told... https://www.gurutrade.com/news/oil-prices-rise-1-iran-crisis-disrupts-middle-east-supply-1772608088.html Wed, 04 Mar 2026 08:40:57 +0200 https://www.gurutrade.com/news/oil-shock-could-strain-emerging-markets-beyond-inflation-analysts-1772551851.html March 3 Reuters The war in Iran and the resulting surge in energy prices will impact emerging markets well beyond inflation to broader pressures on external balances, currencies and capital flows, analysts warn. Brokerages, including J.P.Morgan and Bernstein, expect Brent prices to rise above the 100 mark if the conflict continues as Tehran has vowed to close the Strait of Hormuz and said it would fire on any ship trying to pass the crucial shipping route for oil and gas. Brent crude futures were up 5.63, or 7.2, at 83.36 a barrel by 1254 GMT after touching their highest since July 2024 at 85.12. A mere 10 rise in oil prices can deteriorate current account balances for emerging markets by 4060 basis points. Prolonged increases would only deepen these deficits, analysts at ING said in a note, adding that Thailand, South Korea, Vietnam, Taiwan and Philippines are the most exposed. The U.S. and Israeli air war against Iran widened, with Israel attacking Lebanon and Iran responding with strikes against energy infrastructure in Gulf countries and against tankers in the Strait of Hormuz. Global financial markets have been rattled by the conflict, with both the emerging market equities and currency indexes falling to threeweek lows as investors sought the safety of the U.S. dollar. Higher crude prices pose only a limited risk to China unless the shock is prolonged or escalates sharply, but India, with its thin oil reserves, would be among the most exposed to a sustained... https://www.gurutrade.com/news/oil-shock-could-strain-emerging-markets-beyond-inflation-analysts-1772551851.html Tue, 03 Mar 2026 04:30:49 +0200 https://www.gurutrade.com/news/oil-surges-stocks-slide-usd-rallies-as-conflict-grips-middle-east-1772443406.html Brent up sharply on supply concerns, off early peak Trump says strikes on Iran could last four weeks Dollar jumps on euro, Treasury yields rise from near 11mth low SP 500 futures slide, Europe39;s STOXX 600 down nearly 2 LONDONSYDNEY, March 2 Reuters Oil prices surged, the dollar jumped and shares slid on Monday as military conflict in the Middle East looked set to last for weeks, threatening to upend a global economic recovery and perhaps reignite inflation. Brent jumped around 10 to 79.90 a barrel, though it had briefly topped 82.00 at one stage, while U.S. crude climbed 8.2 to 72.64 per barrel. Safehaven gold rose 2.6 to 5,413 an ounce . Israel launched new air strikes targeting Tehran and expanded its military campaign to include attacks on Iranbacked Hezbollah militants in Lebanon on Monday, as U.S. President Donald Trump signalled the U.S.Israeli military assault on Iranian targets could continue for weeks. Meanwhile, Iran39;s state media said a new wave of missiles was being launched from central parts of Iran towards enemy locations. All eyes were on the Strait of Hormuz, through which around a fifth of the world39;s seaborne oil trade flows and 20 of its liquefied natural gas. While the vital waterway has not yet been blocked, marine tracking sites showed tankers piling up on either side of the strait, wary of attack or maybe unable to get insurance for the voyage. At least in the short term, the disruption to global energy supply is substantial, and... https://www.gurutrade.com/news/oil-surges-stocks-slide-usd-rallies-as-conflict-grips-middle-east-1772443406.html Mon, 02 Mar 2026 11:10:45 +0200 https://www.gurutrade.com/news/oil-prices-rise-3-us-and-iran-extend-talks-into-next-week-1772217950.html USIran talks end with no deal but signs of progress Technical discussions scheduled for Vienna next week Brent and WTI benchmarks trade at multimonth highs UAE, Saudi to increase output in April sources LONDON, Feb 27 Reuters Oil prices rose about 3 on Friday as traders remained on alert for potential supply disruptions after the United States and Iran extended nuclear talks. Brent crude futures advanced by 2.09, or around 3, to 72.84 a barrel by 1422 GMT while U.S. West Texas Intermediate crude was up 2.33, or around 3.6, at 67.54. The Brent and WTI benchmarks were trading at their highest since July and August respectively and poised to register weekly gains of 1.6 and 1.7. Uncertainty prevails, fear is pushing prices higher today, said Tamas Varga, an oil analyst at brokerage PVM. It is completely driven by the outcome of the Iranian nuclear talks and possible military action the U.S. might take against Iran. The United States and Iran held indirect talks in Geneva on Thursday after U.S. President Donald Trump ordered a military buildup in the region. Oil prices gained more than a dollar a barrel during the talks on media reports indicating that discussions had stalled over U.S. insistence on zero enrichment of uranium by Iran. However, prices eased after the Omani mediator said the two sides had made progress in the talks. They plan to resume negotiations with technicallevel discussions scheduled next week in Vienna, Omani Foreign Minister Sayyid Badr... https://www.gurutrade.com/news/oil-prices-rise-3-us-and-iran-extend-talks-into-next-week-1772217950.html Fri, 27 Feb 2026 04:40:45 +0200 https://www.gurutrade.com/news/oil-edges-up-as-us-iran-tensions-keep-supply-risks-in-focus-1772096921.html USIran nuclear talks aim to avert military conflict Saudi Arabia boosts oil production amid potential USIran conflict US oil stockpiles rise by 16 million barrels, capping price gains TOKYO, Feb 26 Reuters Oil prices inched up on Thursday as investors gauged whether U.S.Iran talks could avert a military conflict that risks supply disruptions, though gains were capped by a build in U.S. crude inventories. Brent futures were trading at 71.06 per barrel, up 21 cents, or 0.3, at 0720 GMT. WTI futures rose 16 cents, or 0.2, to 65.58 per barrel. While Brent and WTI settled largely unchanged on Wednesday, Brent on Monday rose to its highest since July 31 as Washington positioned military forces in the Middle East to press Iran to negotiate an end to its nuclear and ballistic missile programme. Investors are focusing on whether military conflict will be averted in the U.S.Iran negotiations, said Toshitaka Tazawa, an analyst at Fujitomi Securities. Even if hostilities were to break out, provided the targets were limited and the conflict shortlived, WTI would likely rise temporarily to above 70 a barrel before retreating to the 6065 range, he said. An extended conflict could disrupt supplies from Iran, the thirdbiggest crude producer in the Organization of the Petroleum Exporting Countries, and other Middle East exporters. U.S. envoy Steve Witkoff and Jared Kushner are due to meet an Iranian delegation for a third round of talks on Thursday in Geneva. The outcome of... https://www.gurutrade.com/news/oil-edges-up-as-us-iran-tensions-keep-supply-risks-in-focus-1772096921.html Thu, 26 Feb 2026 10:00:26 +0200 https://www.gurutrade.com/news/oil-hovers-near-seven-month-highs-ahead-of-us-iran-talks-1772032504.html USIran talks could prevent conflict and supply disruption Deal with US hinges on diplomacy, Iranian minister says US oil stocks rise and gasoline inventories fall, API data shows   LONDON, Feb 25 Reuters Oil prices held near sevenmonth highs on Wednesday as investors weighed up the threat to oil supply from potential military conflict between the U.S. and Iran. Brent futures were up 32 cents at 71.09 a barrel at 1426 GMT. WTI futures gained 23 cents to 65.86. Brent prices reached their highest since July 31 on Friday while WTI hit its highest since August 4 on Monday, as the U.S. positioned military forces in the Middle East to try to compel Iran to negotiate an end to its nuclear and ballistic missile programme. An extended conflict could disrupt supplies from Iran, the thirdbiggest crude producer in the Organization of the Petroleum Exporting Countries, and other countries in the key Middle East producing region. Supporting oil prices, U.S. President Donald Trump briefly laid out his case for a possible attack on Iran in his State of the Union speech on Tuesday, saying he would not allow a country he described as the world39;s biggest sponsor of terrorism to have a nuclear weapon. The market is trying to get a sense of what39;s happening between the U.S. and Iran, said SEB commodities analyst Ole Hvalbye. If we did not have any sort of escalation or harsh rhetoric between the U.S. and Iran, Brent oil prices would probably trade between 60 and 65 per barrel.... https://www.gurutrade.com/news/oil-hovers-near-seven-month-highs-ahead-of-us-iran-talks-1772032504.html Wed, 25 Feb 2026 04:50:57 +0200 https://www.gurutrade.com/news/oil-drops-as-us-and-iran-prepare-for-further-nuclear-talks-1771837687.html Trump says US global tariff rate will rise from 10 to 15 Iran and US to meet on Thursday for talks Tehran ready for nuclear concessions if US meets demands, Iranian official says NEW DELHI, Feb 23 Reuters Oil prices fell about 1 on Monday as the U.S. and Iran prepared for a third round of nuclear talks, easing fears of an escalating conflict, while President Donald Trump39;s fresh tariff hikes created uncertainty for global growth and fuel demand. Brent crude futures slid 87 cents, or 1.21, to 70.89 a barrel by 0722 GMT while U.S. West Texas Intermediate crude futures were at 65.63 a barrel, down 85 cents, or 1.28. Trump said on Saturday he would raise a temporary tariff from 10 to 15 on U.S. imports from all countries, the maximum level allowed under the law, after the U.S. Supreme Court struck down his previous tariff programme. The U.S. Customs and Border Protection agency said it will halt collections of tariffs imposed under the International Emergency Economic Powers Act at 1201 a.m. EST 0501 GMT on Tuesday. The tariff news over the weekend has resulted in some risk aversion flows this morning, which can be viewed in the price of gold and U.S. equity futures and this is weighing on the crude oil price, IG Markets analyst Tony Sycamore said. The tariff decision offset growing concerns of a military conflict between the U.S. and Iran, which pushed Brent and WTI prices up more than 5 last week. Iran and the U.S. will hold a third round of nuclear talks on... https://www.gurutrade.com/news/oil-drops-as-us-and-iran-prepare-for-further-nuclear-talks-1771837687.html Mon, 23 Feb 2026 10:10:26 +0200 https://www.gurutrade.com/news/oil-heads-for-1st-weekly-gain-in-3-as-us-iran-tensions-rise-1771580682.html Oil prices hold near sixmonth highs Traders concerned over potential supply risk in Strait of Hormuz Demand for call options on Brent ramped up Saxo Bank LONDON Feb 20 Reuters Oil prices hovered near sixmonth highs on Friday, headed for their first weekly gain in three on growing concerns a conflict may erupt after Washington said Tehran will suffer if it does not agree a deal on its nuclear activity in a matter of days. Brent crude futures edged down 19 cents, or 0.3, to 71.47, while U.S. West Texas Intermediate crude declined by 13 cents, or 0.2, to 66.30 as of 0900 GMT. For the week, Brent was up 5.5 and WTI gained 5.4 so far. We39;re waiting for a potential binary outcome, if we should take Trump39;s words at face value, said Ole Hansen, head of commodity strategy at Saxo Bank. The market is nervous, it39;s going to be a waitandsee day. U.S. President Donald Trump said on Thursday that really bad things would happen if Iran does not come to an agreement to curtail its nuclear programme. Trump set a deadline of 10 to 15 days. Iran, meanwhile, has planned a joint naval exercise with Russia, a local news agency reported, days after temporarily closing the Strait of Hormuz for military drills. The major oil producer lies opposite the oilrich Arabian Peninsula across the Strait of Hormuz, through which about 20 of global oil supply passes. Conflict in the area could limit oil supplies entering the global market and push up prices. Market focus has clearly... https://www.gurutrade.com/news/oil-heads-for-1st-weekly-gain-in-3-as-us-iran-tensions-rise-1771580682.html Fri, 20 Feb 2026 11:30:17 +0200 https://www.gurutrade.com/news/oil-gains-nearly-3-after-abrupt-end-to-russia-ukraine-talks-1771420204.html Ukraine peace talks end in Geneva after Zelenskiy says Russia stalling Iran, US reach understanding on main 39;guiding principles39; in nuclear talks Eurasia Group sees 65 chance of US strikes on Iran by April Iran and Russia to conduct navy drill on Thursday, Fars news agency reports LONDON, Feb 18 Reuters Oil prices gained nearly 3 on Wednesday after peace talks between Ukraine and Russia in Geneva ended after only two hours, with Ukrainian President Volodymyr Zelenskiy describing them as difficult. Brent crude oil futures were up 1.85, or 2.7, to 69.27 a barrel at 1227 GMT, while U.S. West Texas Intermediate WTI crude was up 1.78, or 2.9, at 64.11. After talks ended, Zelenskiy accused Russia of deliberately seeking to delay progress toward a deal to end the fouryearold war. Russia39;s chief negotiator Vladimir Medinsky said the talks were difficult but businesslike, and that a new round would be held soon. The U.S.mediated talks in Switzerland took place as U.S. President Donald Trump has twice in recent days suggested it was up to Ukraine to take steps to ensure their success. Hungary has halted shipments of diesel to neighbouring Ukraine and will not resume them unless Ukraine restarts crude shipments via the Druzhba pipeline to Hungary, Foreign Minister Peter Szijjarto said on Wednesday. There have been weeks of disrupted supplies of Russian oil flows through Ukraine to Slovakia and Hungary, which Kyiv blames on a Russian attack on January 27. PROGRESS... https://www.gurutrade.com/news/oil-gains-nearly-3-after-abrupt-end-to-russia-ukraine-talks-1771420204.html Wed, 18 Feb 2026 03:00:29 +0200 https://www.gurutrade.com/news/oil-prices-little-changed-ahead-of-us-iran-nuclear-talks-1771245171.html US, Iran officials due to meet in Geneva on Tuesday Iran says energy, mining and aircraft deals on table in US talks OPEC leans toward resuming output hikes from April, sources say LONDON, Feb 16 Reuters Oil prices were little changed on Monday, with investors weighing the market implications of upcoming U.S.Iran talks aimed at deescalating tensions against a backdrop of expected OPEC supply increases. Brent crude futures edged down 9 cents, or 0.1, to 67.84 a barrel by 1157 GMT. U.S. West Texas Intermediate crude was at 62.93 a barrel, down 4 cents. Activity in global financial markets is expected to be muted on Monday with China, South Korea and Taiwan closed for Lunar New Year holidays, in addition to Presidents39; Day in the United States. Last week, both benchmarks posted weekly declines with Brent settling about 0.5 lower and WTI losing 1 after comments from U.S. President Donald Trump that Washington could make a deal with Tehran over the next month. The two countries are due to hold a second round of talks in Geneva on Tuesday over Tehran39;s nuclear programme. Iran is pursuing a nuclear agreement with the U.S. that delivers economic benefits for both sides, with energy and mining investments and aircraft purchases up for discussion, an Iranian diplomat was reported as saying. The U.S. has dispatched a second aircraft carrier to the region and is preparing for the possibility of a sustained military campaign if the talks do not succeed, U.S. officials... https://www.gurutrade.com/news/oil-prices-little-changed-ahead-of-us-iran-nuclear-talks-1771245171.html Mon, 16 Feb 2026 02:10:27 +0200 https://www.gurutrade.com/news/oil-prices-rise-on-concerns-about-us-iran-tensions-1770886379.html Brent, WTI climb about 0.4 Trump says talks with Tehran will continue Large build in US crude stocks caps oil price gain BEIJING, Feb 12 Reuters Oil prices edged up on Thursday morning as investors worried about escalating tensions between the U.S. and Iran, and fears that any attacks on Tehran or shipping could lead to supply disruptions. Brent crude oil futures were up 19 cents, or 0.27, at 69.59 a barrel at 0801 GMT. U.S. West Texas Intermediate crude rose 20 cents, or 0.31, to 64.83. Both benchmarks settled higher on Wednesday. Brent futures gained 0.87 and WTI gained more than 1.05, as investor worries about U.S.Iran tensions overshadowed a build in U.S. crude stocks. U.S. President Donald Trump said after talks with Israeli Prime Minister Benjamin Netanyahu on Wednesday that they reached no definitive agreement on how to move forward with Iran, but he insisted negotiations with Tehran would continue. On Tuesday, Trump said he was considering sending a second aircraft carrier to the Middle East if a deal is not reached with Iran, even as Washington and Tehran prepared to resume talks. U.S. and Iranian diplomats held indirect talks last week in Oman. The date and venue of the next round of U.S.Iran talks have yet to be announced. A sustained break above a 6566 level would require further escalation in the Middle East, while any deescalation could quickly trigger profittaking back toward 6061 in WTI, IG analyst Tony Sycamore said. U.S. job growth... https://www.gurutrade.com/news/oil-prices-rise-on-concerns-about-us-iran-tensions-1770886379.html Thu, 12 Feb 2026 10:20:59 +0200 https://www.gurutrade.com/news/oil-gains-on-us-iran-tensions-better-india-demand-1770799352.html Trump hints at second carrier in Middle East India refiners buy more mainstream oil to replace Russian supply US crude stocks likely rose last week Reuters poll SINGAPORE, Feb 11 Reuters Oil prices gained on Wednesday, buoyed by escalating risk as U.S.Iran talks remained tenuous, while signs of an easing surplus spurred by better demand support from India also added strength. Brent crude oil futures were up 57 cents, or 0.83, at 69.37 a barrel by 0711 GMT. U.S. West Texas Intermediate crude rose 56 cents, or 0.88, to 64.52. Oil retains a bullish tailrisk bid as USIran talks continue but remain fragile, keeping the Strait of Hormuz risk premium supported amid ongoing sanctions pressure, tariff threats tied to Iranian trade, and heightened U.S. regional military posture, LSEG analysts wrote in a report. Iran39;s foreign ministry spokesperson said on Tuesday that nuclear talks with the U.S. allowed Tehran to gauge Washington39;s seriousness and showed enough consensus to continue on the diplomatic track. Diplomats from Iran and the U.S. held talks in Oman last week in an effort to revive diplomacy, after U.S. President Donald Trump positioned a naval flotilla in the region, raising fears of new military action. While oil prices first eased after Oman39;s foreign minister said discussions tied to the U.S.Iran talks with Iran39;s top security official were productive, hopes of a peaceful resolution were later dashed following reports that the U.S. may send a second... https://www.gurutrade.com/news/oil-gains-on-us-iran-tensions-better-india-demand-1770799352.html Wed, 11 Feb 2026 09:40:29 +0200 https://www.gurutrade.com/news/oil-prices-steady-as-iran-us-tensions-and-us-data-eyed-1770742686.html Market awaits news on Iran, Russia, US economy, and US oil inventories IranUS tensions impact oil supply risk, Strait of Hormuz crucial EU proposes sanctions on Russian oil ports in Georgia, Indonesia NEW YORK, Feb 10 Reuters Oil prices were little changed on Tuesday as the market waited for direction from news on Iran and Russia and data on the U.S. economy and U.S. oil inventories. Brent futures rose 27 cents, or 0.4, to 69.31 a barrel at 958 a.m. EST 1458 GMT, while U.S. West Texas Intermediate WTI crude rose 12 cents, or 0.2, to 64.48. The market is still focused on the tensions between Iran and the U.S., said Tamas Varga, oil analyst at brokerage PVM. But unless there are concrete signs of supply disruptions, prices will likely start going lower. Nuclear talks with the U.S. allowed Tehran to gauge Washington39;s seriousness and showed enough consensus to continue on the diplomatic track, Iran39;s foreign ministry spokesperson said on Tuesday. U.S. and Iranian diplomats held talks through Omani mediators in Oman last week in an effort to revive diplomacy, after U.S. President Donald Trump positioned a naval flotilla in the region, raising fears of new military action. On Monday, oil prices rose more than 1 when the U.S. Department of Transportation39;s Maritime Administration advised U.S.flagged commercial vessels to stay as far from Irans territorial waters as possible and to decline verbally if Iranian forces seek permission to board. About a fifth of... https://www.gurutrade.com/news/oil-prices-steady-as-iran-us-tensions-and-us-data-eyed-1770742686.html Tue, 10 Feb 2026 06:00:23 +0200 https://www.gurutrade.com/news/oil-prices-climb-3-as-market-awaits-us-iran-talks-1770245438.html U.S. crude stocks fall, but less than expected, limiting oil price gains U.S. rejects Iran39;s request to change location of talks, report says Oil prices fluctuate due to U.S.Iran tensions and Hormuz disruption fears NEW YORK, Feb 4 Reuters Oil prices surged about 3 on Wednesday after a media report suggested planned talks between the United States and Iran on Friday could collapse. Brent futures settled 2.13, or 3.16, higher at 69.46 a barrel, while U.S. West Texas Intermediate WTI crude gained 1.93, or 3.05, to 65.14. The U.S. rejected Iran39;s request to change the location of talks planned for Friday, Axios reported on Wednesday, citing two U.S. officials. Both crude benchmarks have seesawed this week between news of talks to deescalate tensions between the U.S. and Iran and heightened fears of potential disruption to oil flows through the Strait of Hormuz. If a hot war is seen in Iran, this could put Iran39;s 3.4 million bd of supply at risk. But even more significant is Iran39;s control of the Strait of Hormuz, through which around 20 of global oil liquids pass, said Ajay Parmar, director of energy and refining at ICIS. This risk premium is still in the market and it is the main reason why prices remain higher right now than fundamentals would otherwise indicate, he added. The U.S. military on Tuesday shot down an Iranian drone that aggressively approached a U.S. aircraft carrier in the Arabian Sea, the U.S. military said. Separately, a group of Iranian... https://www.gurutrade.com/news/oil-prices-climb-3-as-market-awaits-us-iran-talks-1770245438.html Wed, 04 Feb 2026 03:50:04 +0200 https://www.gurutrade.com/news/oil-holds-near-6-mth-high-investors-track-us-iran-tensions-1769790467.html Iran says defence capabilities not for discussion US issues new Iranrelated sanctions Trump names Kevin Warsh for Fed chair Oil benchmarks set for highest monthly gains in multiple years LONDON, Jan 30 Reuters Oil prices consolidated their recent gains and held near six month highs on Friday, supported by concerns over the tensions between Iran and the U.S. Brent crude futures were down 7 cents to 70.64 a barrel by 1030 a.m. ET 1531 GMT. The March contract expires later on Friday. The more active April contract fell a cent to 69.58 a barrel. U.S. West Texas Intermediate crude fell 3 cents to 65.39 a barrel. Oil prices had hit their highest since early August on Thursday after multiple sources said U.S. President Donald Trump was weighing actions against Iran that included targeted strikes, raising concerns about supply disruptions. Both the U.S. and Iran have since signalled willingness to engage in dialogue, but Tehran on Friday said its defence capabilities should not be included in any talks. Meanwhile, the U.S., which has strengthened its military position in the Middle East in recent weeks, issued new sanctions targeting seven Iranian nationals and at least one entity. Oil prices remained on track for their biggest monthly gains in several years. Brent crude was set for its biggest monthly jump since January 2022 and WTI was poised for its largest monthly gain since July 2023. A rise in the dollar from fouryear lows hit earlier in the week put some... https://www.gurutrade.com/news/oil-holds-near-6-mth-high-investors-track-us-iran-tensions-1769790467.html Fri, 30 Jan 2026 07:20:01 +0200 https://www.gurutrade.com/news/brent-crude-nears-six-month-high-on-iran-attack-concerns-1769697596.html USIran tensions remain key nearterm price driver Markets pricing in geopolitical risk premiums US winter storms, Kazakh outages, also adding support LONDON, Jan 29 Reuters Brent oil futures prices jumped on Thursday, hitting a near sixmonth high on rising concerns about a possible U.S. military attack on Iran, OPEC39;s fourthlargest producer with output of 3.2 million barrels per day. The immediate market concern ... is the collateral damage done if Iran takes a swing at its neighbours or possibly even more tellingly, it closes the Strait of Hormuz to the 20 million barrels per day of oil that navigates it, said PVM analyst John Evans. Brent crude futures were up 2.61, or 3.8, to 71.01 a barrel at 1404 GMT, reaching its highest level since August 1. The contract is on track to rise over 16 in January, its biggest monthly increase in four years. U.S. West Texas Intermediate crude was up 2.54, or 4, to 65.75 a barrel. WTI futures earlier reached 65.80 a barrel, a fourmonth high, and were on track for a 14 monthly gain, the biggest since July 2023. U.S. President Donald Trump has increased pressure on Tehran to end its nuclear programme, with threats of military strikes and the arrival of a U.S. naval group in the region. Trump is considering options that include targeted strikes on security forces and leaders to inspire protesters to potentially topple Iran39;s rulers, Reuters reported on Thursday, citing U.S. sources familiar with the discussions. Some analysts... https://www.gurutrade.com/news/brent-crude-nears-six-month-high-on-iran-attack-concerns-1769697596.html Thu, 29 Jan 2026 02:30:31 +0200