https://www.gurutrade.com/news/oil/rss/ GuruTrade. - The latest news of the oil market and experts opinion on the GuruTrade. Wed, 17 Jun 2026 07:07:10 +0300 50 en 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 https://www.gurutrade.com/news/oil-slumps-after-trump-comments-while-analysts-point-to-supply-crunch-1779290846.html Trump and Vance talk up Iran deal prospects Another two oil tankers exit Strait of Hormuz Official U.S. stockpiles data due at 1430 GMT LONDON, May 20 Reuters Oil prices lost more than 2 on Wednesday after U.S. President Donald Trump again asserted that the Iran war will end very quickly, though investors remain wary about the outcome of peace talks as disruption to Middle Eastern supply continues. Brent crude futures fell 2.70, or 2.4, to 108.58 a barrel by 1304 GMT and U.S. West Texas Intermediate futures were down 2.30, or 2.2, at 101.85. Both contracts were heading for their biggest daily drops in percentage and absolute terms in two weeks. Prices are likely to still exhibit some upside potential even if a deal is concluded, given that supply will likely not return to prewar levels immediately, said LSEG research analyst Emril Jamil. Both benchmarks fell nearly 1 on Tuesday after U.S. Vice President JD Vance said that the U.S. and Iran had made progress in talks. But Trump also said that the United States may need to strike Iran again and had been an hour away from ordering an attack before its postponement. Analysts at Citi said on Tuesday that it expected Brent crude to rise to 120 a barrel in the near term, stating that oil markets are underpricing the risk of prolonged supply disruption, and Wood Mackenzie estimated that it could approach 200 if the Strait of Hormuz stays largely shut until the end of the year. Similarly, PVM analysts said global oil... https://www.gurutrade.com/news/oil-slumps-after-trump-comments-while-analysts-point-to-supply-crunch-1779290846.html Wed, 20 May 2026 04:30:24 +0300 https://www.gurutrade.com/news/oil-prices-dip-after-iran-says-dozens-of-vessels-are-crossing-hormuz-1778767162.html Trump, Xi agree Hormuz must be open, says White House China and Japanlinked oil tankers pass through Hormuz LONDON, May 14 Reuters Oil prices dipped on Thursday after Iran39;s state media said about 30 vessels had crossed the Strait of Hormuz in recent hours while the semiofficial Fars news agency cited a source saying Iran had begun allowing transit for some Chinese vessels. Meanwhile, the White House, speaking of U.S. President Donald Trump39;s meeting with Chinese President Xi Jinping, said both leaders agreed the Strait of Hormuz must be open for the free flow of energy. Xi said the rejuvenation of China and Make America Great Again can go hand in hand. Easing from an earlier high of 107.13 a barrel, Brent crude oil futures were down 60 cents, or 0.6, to 105.03 a barrel at 1422 GMT. U.S. West Texas Intermediate futures dropped 52 cents, or 0.5, to 100.50. Both contracts fell on Wednesday as investors worried about possible U.S. interest rate hikes as higher fuel prices spur inflationary pressures. Brent crude futures lost more than 2 a barrel, while WTI futures dropped more than 1. Xi expressed interest in purchasing more U.S. oil to reduce China39;s dependence on the Strait of Hormuz, according to the White House. China, never a big buyer of U.S. crude, has not imported any since May 2025 due to a 20 import tariff imposed during the trade war. The Strait of Hormuz, a key energy gateway, has been largely shut since the Iran war broke out at the end of... https://www.gurutrade.com/news/oil-prices-dip-after-iran-says-dozens-of-vessels-are-crossing-hormuz-1778767162.html Thu, 14 May 2026 04:30:14 +0300 https://www.gurutrade.com/news/oil-eases-on-teetering-iran-ceasefire-trump-heads-to-china-1778668777.html Oil prices remain above 100 per barrel Investors await TrumpXi meeting in Beijing U.S. inflation posts largest gain in three years LONDON, May 13 Reuters Oil prices eased on Wednesday, snapping a threeday rally as investors awaited developments on the fragile Middle East ceasefire and braced for a highstakes summit in Beijing between U.S. President Donald Trump and China39;s Xi Jinping. Brent crude futures dropped 19 cents, or 0.2, to 107.58 a barrel at 0909 GMT. U.S. West Texas Intermediate futures fell 39 cents, or 0.4, to 101.79. Both benchmarks have largely hovered around or above the 100 per barrel mark since the start of the U.S.Israeli war on Iran at the end of February after which Tehran effectively shut the Strait of Hormuz. The market remains highly reactive to every update from the region, meaning sharp swings are likely to persist. Any further escalation or direct threat to supply flows could quickly revive strong upside momentum in both Brent and WTI, said Priyanka Sachdeva, senior market analyst at Phillip Nova. Prices pared losses on Wednesday after the International Energy Agency said global oil supply will not meet total demand this year as the war wreaks havoc on Middle East production. The latest IEA oil market report just showed the magnitude of the disruption with large oil inventory declines over the last two months, UBS analyst Giovanni Staunovo said. The IEA also said Russia39;s crude oil production declined by 460,000 barrels per day... https://www.gurutrade.com/news/oil-eases-on-teetering-iran-ceasefire-trump-heads-to-china-1778668777.html Wed, 13 May 2026 12:30:52 +0300 https://www.gurutrade.com/news/oil-up-as-fading-iran-peace-hopes-spark-supply-worries-1778578606.html Iran demands compensation for war damage, reiterates sovereignty over Hormuz Strait U.S. crude inventories forecast down 1.7 million barrels, an analyst poll by Reuters showed Markets to watch TrumpXi meeting in the next few days May 12 Reuters Oil prices rose 2 on Tuesday as hopes for a deal to end the U.S.Israeli war on Iran faded, with stark differences between Tehran and Washington on a peace proposal bringing supply concerns again to the fore. Brent crude futures were up 2, or 1.9, at 106.21 per barrel, while U.S. West Texas Intermediate gained 2.31, or 2.4, to 100.38 by 0726 GMT. Both benchmarks climbed nearly 2.8 on Monday. U.S. President Donald Trump said on Monday the ceasefire with Iran was on life support, pointing to disagreements over several demands, such as the cessation of hostilities on all fronts, the removal of a U.S. naval blockade, the resumption of Iranian oil sales and compensation for war damage. Tehran also emphasised its sovereignty over the Strait of Hormuz, through which about a fifth of global oil and liquefied natural gas flows. Optimism regarding an imminent peace deal seems to be fading again and if we don39;t see a deal by the end of May, then upside risks for oil prices are definitely on the table, said DBS Bank energy sector team lead Suvro Sarkar. Disruptions linked to the nearclosure of the strait have prompted producers to curtail exports, with a Reuters survey on Monday showing OPEC oil output in April fell to its lowest... https://www.gurutrade.com/news/oil-up-as-fading-iran-peace-hopes-spark-supply-worries-1778578606.html Tue, 12 May 2026 12:20:13 +0300 https://www.gurutrade.com/news/oil-rises-4-on-trump-rejects-iran-s-response-to-us-peace-proposal-1778490093.html Trump calls Iran39;s response to US peace proposal 39;unacceptable39; Trump, Xi to discuss Iran among other topics later this week Aramco CEO warns 1 billion barrels lost will slow oil market recovery 3 more tankers exit Strait of Hormuz with trackers switched off SINGAPORE, May 11 Reuters Oil prices rallied on Monday, a day after President Donald Trump said Iran39;s response to a U.S. proposal was unacceptable, raising supply fears as the Strait of Hormuz stayed largely closed, which kept the global market tight. Brent crude futures climbed 4.04 or 3.99 to 105.33 a barrel at 0614 GMT. U.S. West Texas Intermediate was at 99.85 a barrel, up 4.43, or 4.64. Last week, both contracts recorded 6 weekly losses on hopes for an imminent end to the 10weekold conflict that would allow oil transit through the Strait of Hormuz. The oil market continues to trade like a geopolitical headline machine, with prices swinging sharply based on every comment, rejection, or warning coming from Washington and Tehran, said Priyanka Sachdeva, senior market analyst at Phillip Nova. Trump is scheduled to arrive in Beijing on Wednesday and is expected to discuss Iran among other topics with Chinese President Xi Jinping, according to U.S. officials. Market attention now shifts squarely to President Trumps visit to China this week, IG market analyst Tony Sycamore said in a note. There is hope he can persuade Beijing to leverage its influence over Iran to push for a comprehensive... https://www.gurutrade.com/news/oil-rises-4-on-trump-rejects-iran-s-response-to-us-peace-proposal-1778490093.html Mon, 11 May 2026 11:30:13 +0300 https://www.gurutrade.com/news/brent-tops-100-on-gulf-clashes-ai-lifts-asia-stocks-up-1778231189.html Brent tops 100barrel on renewed Mideast hostilities Taiwan, Japan, South Korea markets have strong weekly gains Yen hovering around 157; markets on edge for intervention LONDON, May 8 Reuters Oil prices rose and stocks slipped as the U.S. and Iran exchanged fire in the Middle East, though many equity markets, particularly in Asia, were headed for stellar weekly gains on booming AI demand. Benchmark Brent crude futures were up about 1 to 101 a barrel, while European stocks fell 0.9. Traders were also keeping an eye on Labour Party losses in British elections, which could pressure Prime Minister Keir Starmer39;s leadership, though sterling inched up, and British bonds and stocks traded in line with European peers as results were coming in. MIDDLE EAST CLASHES The United States and Iran clashed in the Gulf and the UAE came under renewed attack in a test of a monthlong ceasefire, but the warring parties downplayed the situation, leaving investors guessing. The market seem to be taking every chance to price in a quick end to the war, said Jan von Gerich, chief analyst at Nordea. But it seems unlikely there39;s going to be an agreement. I still think there are going to be disruptions in the Strait of Hormuz for a longer time and it won39;t be resolved any time soon. Stock markets in Europe were lower. The pancontinental STOXX 600 was down 0.9, while major bourses in Frankfurt and Paris were off a similar amount. Stock markets in Asia, which have been soaring... https://www.gurutrade.com/news/brent-tops-100-on-gulf-clashes-ai-lifts-asia-stocks-up-1778231189.html Fri, 08 May 2026 11:40:10 +0300 https://www.gurutrade.com/news/oil-falls-below-100-barrel-on-middle-east-peace-deal-hopes-1778152841.html Oil prices drop 2, extending previous session39;s heavy losses Al Arabiya reports possible easing of U.S. blockade Analysts warn prices could rebound if conflict escalates again LONDON, May 7 Reuters Oil prices extended losses on Thursday, sliding around 2 to below 100 a barrel on renewed hopes for a U.S.Iran peace deal that could bring a gradual reopening of the Strait of Hormuz. Brent crude futures fell 1.95, or 1.93, to 99.32 a barrel by 0912 GMT. U.S. West Texas Intermediate dropped 1.93, or 2.03, to 93.15. Thursday39;s session was volatile, with Brent trading in a range of up 1 to down 3.8 versus the previous close. Both benchmarks slumped more than 7 on Wednesday, hitting twoweek lows on optimism over a possible end to the Middle East war. Price drops continued into Thursday, as investors reacted to fresh headlines of progress towards potential peace talks. Analysts flagged a report from Saudi Arabia39;s Al Arabiya news channel that understandings have been reached to ease the U.S. blockade in exchange for a gradual reopening of the Strait of Hormuz, and another by Israel39;s Channel 12 that Iran allegedly agreed to transfer its stockpile of 60 enriched uranium to a third country. Reuters could not immediately verify the contents of either report. Both benchmarks slumped more than 7 on Wednesday, hitting twoweek lows on optimism over a possible end to the Middle East war. Price drops continued into Thursday, as investors reacted to fresh headlines of... https://www.gurutrade.com/news/oil-falls-below-100-barrel-on-middle-east-peace-deal-hopes-1778152841.html Thu, 07 May 2026 10:00:41 +0300 https://www.gurutrade.com/news/oil-slides-on-report-us-and-iran-near-framework-peace-deal-1778076498.html Brent crude fell below 100 a barrel before paring losses US crude oil stocks expected to fall further   LONDON, May 6 Reuters Oil prices slumped to twoweek lows on Wednesday after a Pakistani source said that the United States and Iran were nearing an initial peace deal. Brent crude futures were 6.67, or 6.07, lower at 103.20 a barrel by 1316 GMT, having earlier dropped below 100 for the first time since April 22. U.S. West Texas Intermediate lost 6.34, or 6.2, to 95.93.   A source from mediator Pakistan said the United States and Iran were closing in on an agreement on a onepage memorandum of understanding. U.S. media outlet Axios reported that the U.S. expects Iranian responses on several key points in the next 48 hours, citing sources saying this was the closest the parties had come to an agreement since the war began. Iran had said earlier that it would only accept a fair and comprehensive agreement. Both crude contracts hit their lowest in two weeks, with Brent hitting an intrasession low of 96.75 before paring losses after U.S. President Donald Trump said it was too soon to consider facetoface talks with Tehran, and as a senior Iranian MP said the U.S. proposal was more of a wish list than a reality. The U.S. military said on Monday that it destroyed several Iranian small boats as part of efforts to help stranded ships exit the Strait of Hormuz. Crude oil supply losses from halted marine traffic through the strait since the war began in February have... https://www.gurutrade.com/news/oil-slides-on-report-us-and-iran-near-framework-peace-deal-1778076498.html Wed, 06 May 2026 05:00:07 +0300 https://www.gurutrade.com/news/oil-eases-as-us-signals-loosening-of-hormuz-strait-closure-1777966871.html US Navy escorts Maersk vessel through Hormuz, easing immediate supply fears Iran counters with Gulf attacks, striking vessels and UAE oil port Goldman Sachs warns global oil stocks near 8year lows, supply squeeze persists May 5 Reuters Oil prices eased 1 on Tuesday after climbing by as much as 6 in the previous session on signs the U.S. Navy is loosening Iran39;s grip on the Strait of Hormuz, potentially opening up supply from the Middle East. The U.S. on Monday launched a new operation aimed at reopening the strait to shipping. Maersk later said the Alliance Fairfax, a U.S.flagged vehicle carrier, exited the Gulf via the strait accompanied by the U.S. military, easing some supply disruption fears. Brent oil futures for July fell 51 cents, or 0.5, to 113.93 per barrel at 0622 GMT after settling up 5.8 on Monday. U.S. West Texas Intermediate WTI crude fell 1.55, or 1.5, to 104.87, after gaining 4.4 in the previous session. The successful escorted exit of the Maerskoperated vessel has helped ease some immediate supply disruption fears, said Tim Waterer, chief market analyst at KCM Trade. It shows that limited safe passage is possible under current conditions and helps chip away at some of the worstcase supply disruption fears. However, it39;s still very much a oneoff event rather than a full reopening, he said in an email. Still, Iran launched attacks in the Gulf on Monday to counter the U.S. move as they wrestle for control over the Strait of Hormuz, which... https://www.gurutrade.com/news/oil-eases-as-us-signals-loosening-of-hormuz-strait-closure-1777966871.html Tue, 05 May 2026 09:40:43 +0300 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