https://www.gurutrade.com/news/oil/rss/ GuruTrade. - The latest news of the oil market and experts opinion on the GuruTrade. Sat, 03 Oct 2026 05:57:34 +0300 50 en https://www.gurutrade.com/news/oil-drops-over-3-on-talks-over-diesel-crude-stock-releases-1790948284.html Europe weighs new diesel stocks release after US pressure, sources say China halts refined fuel exports for October Zelenskiy says Ukraine struck oil facilities in Russia39;s Samara and Volgograd LONDON, Oct 2 Reuters Oil prices fell more than 3 and European gasoil futures dropped over 4 on Friday after reports of talks in Europe on additional diesel and crude stock releases, easing concerns over tight global energy supplies. Brent was down 3.06, or 3, at 99.25 a barrel at 1409 GMT. West Texas Intermediate dropped 3.95, or 4.25, to 88.92 a barrel. Both benchmark contracts were poised for a weekly decline, with Brent down about 4.7 so far for the week and WTI around 3.7 lower. European gasoil futures , a benchmark for diesel prices, fell about 4.3 to 1,386.75 a metric ton. The whole energy complex trades lower, led by gasoil and ULSD, as EU countries discuss releasing fuel and crude stockpiles to ease acute market tightness and help avert a potential US diesel export ban, Ole Hansen, head of commodity strategy at Saxo Bank, said. FRENCH PROPOSAL European Union countries on Friday discussed a French proposal to release additional diesel stockpiles in response to US pressure on European nations to unleash more supplies, a source familiar with details of the discussion told Reuters on Friday. In a call on Friday, EU countries39; governments discussed a French proposal for European countries to release 50 million barrels of diesel, and for International Energy... https://www.gurutrade.com/news/oil-drops-over-3-on-talks-over-diesel-crude-stock-releases-1790948284.html Fri, 02 Oct 2026 04:30:24 +0300 https://www.gurutrade.com/news/oil-gains-as-stalled-us-iran-talks-trump-supply-recovery-1790764939.html Brent heads for 14 monthly gain, biggest climb since July Goldman says Gulf oil exports recover to 23.3 million barrels per day over last week White House urges EU to draw down emergency diesel inventories, two sources say LONDON, Sept 30 Reuters Oil prices rose on Wednesday and were on track for a big monthly gain as USIran talks aimed at ending their war stalled and tight fuel markets continued to underpin prices despite recovering Middle East crude supplies. The Brent futures November contract , which expires on Wednesday, was up 57 cents, or 0.6, to 103.16 a barrel at 0944 GMT. The more active December contract was up 94 cents to 97.10. US West Texas Intermediate crude was up 82 cents, or 0.9, to 90.20. Brent is headed for a monthly gain of around 14, its biggest since July, while WTI is on track for about a 4 rise. The spread between the two benchmarks also expanded to its widest in four months as traders monitored potential plans by the US to restrict diesel exports, which could create an oversupply in the US market and lead refiners there to process less crude. Qatar said on Tuesday it hopes that shuttle diplomacy between Tehran and Washington can lead to a breakthrough. However, US President Donald Trump denied reports by Axios and CNN that cited US officials as saying he was willing to give Iran sanctions relief and release frozen Iranian funds in return for concrete steps by Tehran on its nuclear programme. On Tuesday, Saudi Arabia resumed oil tanker... https://www.gurutrade.com/news/oil-gains-as-stalled-us-iran-talks-trump-supply-recovery-1790764939.html Wed, 30 Sep 2026 01:10:15 +0300 https://www.gurutrade.com/news/oil-prices-rise-on-continued-middle-east-supply-concerns-1790675727.html US crude and gasoline inventories expected to have fallen Reuters poll Trump denies having offered Iran anything to end war Brent headed for 17 rise in September LONDON, Sept 29 Reuters Oil prices rose for a second successive session on Tuesday as lingering concern over Middle East supply disruption brought about by the USIsraeli war on Iran outweighed signs of recovering crude exports from the region. Brent crude futures for November rose 19 cents, or 0.2, to 105.47 a barrel at 0844 GMT, while the more actively traded Brent December contract rose 11 cents to 97.94 a barrel. Meanwhile, US West Texas Intermediate crude was at 92.82, up 22 cents. Novemberloading Brent and WTI are headed for monthly gains of around 17 and 8, respectively. A clearer picture is emerging of higher oil export volumes leaving the Gulf, but much of that increase still relies on workarounds such as shiptoship transfers. Those methods are less efficient and more costly than normal operations, which is why crude prices remain elevated, said KCM Trade chief analyst Tim Waterer. Crude exports from major Middle Eastern producers climbed to 12.8 million barrels a day in September, the highest since February, preliminary figures from data provider Kpler showed on Monday, helped by increased shipments from Saudi Arabia and the United Arab Emirates. US and Iranian officials spoke separately with mediators in a renewed effort to end seven months of war, officials of both countries said. But US... https://www.gurutrade.com/news/oil-prices-rise-on-continued-middle-east-supply-concerns-1790675727.html Tue, 29 Sep 2026 12:10:37 +0300 https://www.gurutrade.com/news/oil-slides-as-us-iran-truce-hopes-outweigh-houthi-attacks-1790336066.html BrentWTI spread is widest since May Brent up 1.5 this week, WTI down 7.4 Gulf supply issues keep Brent premiums high, analysts say LONDON, Sept 25 Reuters Oil prices fell more than 1 on Friday as markets weighed the possibility of a truce between the US and Iran against concerns that increasing attacks against Saudi Arabia by Houthi fighters could disrupt supply from the key Middle Eastern producer. Brent was down 1.08 cents, or 1, at 105.52 a barrel by 1023 GMT, while West Texas Intermediate WTI was 1.68, or 1.8 lower, at 92.93 a barrel. For the week, Brent so far has gained 1.5 and WTI has dropped 7.4. US and Iranian negotiators in New York are exploring a phased path out of war that would involve Tehran reopening the Strait of Hormuz and Washington lifting its economic blockade of Iran, sources close to the talks said this week. On Thursday, Iranian President Masoud Pezeshkian said it was up to the US to choose when the Iran war will end. At this point, neither Iran nor the U.S. has an interest in a more intense, less controllable war, SEB Research39;s Erik Meyersson said in a note. The next couple of days could represent a watershed moment in the Iran War. Since the war began at the end of February, around a fifth of the worlds oil and gas shipments have been curtailed. Diplomatic hopes are essentially helping oil prices weather the latest military strikes in the Middle East, with crude trading moderately softer despite the attacks, said Tim Waterer,... https://www.gurutrade.com/news/oil-slides-as-us-iran-truce-hopes-outweigh-houthi-attacks-1790336066.html Fri, 25 Sep 2026 01:50:18 +0300 https://www.gurutrade.com/news/oil-gains-as-us-iran-talks-show-little-sign-of-progress-1790248750.html Iran reviews US response to peace proposals, Iranian official says US crude inventories rise by 3 million barrels, EIA says White House official denies report suggesting US preparing a diesel export ban LONDON, Sept 24 Reuters Oil prices rose more than 2 on Thursday as diplomatic talks between the US and Iran showed little sign of progress, while investors focused on uncertainty about a potential US ban on diesel exports. Brent crude futures were up 2.43, or 2.36, to 105.51 a barrel at 0940 GMT, while West Texas Intermediate futures were up 1.74, or 1.89, to 93.90 a barrel. Brent rose as high as 106.50 earlier in the day, following reports suggesting Iran gave the US one week to meet its publicly stated demands, such as lifting the US naval blockade. Iran and the US remain divided over how to end their conflict, but diplomacy must continue, a senior Iranian official told Reuters on Wednesday, after Iran39;s president told the UN General Assembly that Tehran would never surrender to US pressure. The official said Tehran was reviewing Washington39;s response to its peace proposals, which prioritise lifting the US naval blockade on Iranian ports and reopening the Strait of Hormuz. European diesel futures held around alltime highs on Thursday amid uncertainty about a potential US ban on diesel exports. A White House official on Wednesday denied a report that said the US is preparing a 90day ban of diesel exports. Analysts and market watchers have warned such a ban... https://www.gurutrade.com/news/oil-gains-as-us-iran-talks-show-little-sign-of-progress-1790248750.html Thu, 24 Sep 2026 01:30:26 +0300 https://www.gurutrade.com/news/oil-holds-near-two-week-lows-on-easing-supply-concerns-1790158049.html Saudi Arabia restarts EastWest oil pipeline US crude stocks rise, industry data shows Trump backs potential U.S. diesel export ban to curb recordhigh fuel prices LONDON, Sept 23 Reuters Oil prices held near their lowest in more than two weeks on Wednesday, kept in check by improving Gulf crude supplies and growing hopes for a diplomatic resolution to the USIsraeli war on Iran. Brent crude futures rose 16 cents, or 0.16, to 99.41 a barrel by 0809 GMT while West Texas Intermediate futures fell 50 cents, or 0.55, to 90.02. The Brent benchmark hit its lowest since September 8 in the previous session at 97.36. WTI touched its lowest since September 1 earlier on Wednesday. While US President Donald Trump warned on Tuesday that he could annihilate Iran, he also said his envoys had held productive talks with mediators of Iran to end the war. OIL PRICE VOLATILITY REMAINS Trump is trying to give off strong vibes of good talks ... so that39;s possibly something driving down oil prices, said WisdomTree commodity strategist Nitesh Shah. But I39;d caution that things could change quite abruptly back into positive price moves. Saudi Arabia resumed operations on its EastWest Pipeline to the Red Sea on Tuesday, said three sources briefed on the matter. Drone attacks, which Saudi Arabia has blamed on Iraqi militia, forced the kingdom to shut the pipeline on September 11, halting crude loadings at Yanbu port. Since the Middle East conflict disrupted oil flows from Saudi Arabia... https://www.gurutrade.com/news/oil-holds-near-two-week-lows-on-easing-supply-concerns-1790158049.html Wed, 23 Sep 2026 12:10:00 +0300 https://www.gurutrade.com/news/oil-rises-as-trump-sees-post-us-election-iran-peace-deal-1790104303.html Market had hoped for progress in Iran, RussiaUkraine at UN Saudi Arabia restarts EastWest oil pipeline, to resume exports from Yanbu, sources say Saudi oil exports via Strait of Hormuz increase over weekend HOUSTON, Sept 22 Reuters Oil prices rose on Tuesday as traders worried about global supplies after US President Donald Trump told the United Nations General Assembly in a speech that a peace deal with Iran could come after the US midterm elections, which are not until early November. Trump also said that without a peace deal he could annihilate Iran. Trump was expected to meet with world leaders at the UN in New York this week, feeding hopes for stability in the Middle East and perhaps even progress in ending Russia39;s 412yearold war in Ukraine. The Brent crude futures November contract was down 40 cents, or 40, to 99.94 a barrel at 1007 a.m. CDT 1507 GMT. The WTI October contract, which expires on Tuesday, was down 36 cents, or 0.37, to 95.43 a barrel. Trump39;s comments burst mounting hopes that a deal could come during this week39;s UN General Assembly meeting in New York. Feeding the optimism, flows through the Strait of Hormuz were seen increasing in recent days. Saudi Arabia is acting, not waiting, said Phil Flynn, senior analyst at Price Futures Group. After Houthi hits on the EastWest pipeline forced a shutdown of Yanbu loadings, Aramco loaded about 14 million barrels of crude onto seven VLCCs inside the Gulf. Satellite and tracker data showed Saudi... https://www.gurutrade.com/news/oil-rises-as-trump-sees-post-us-election-iran-peace-deal-1790104303.html Tue, 22 Sep 2026 07:30:33 +0300 https://www.gurutrade.com/news/oil-falls-to-11-day-low-on-us-iran-talks-saudi-supply-1789984703.html Brent, WTI touch lowest since September 10 Houthis say they attacked 39;sensitive39; sites in Riyadh Trump says he may meet Iran39;s president at UN assembly Saudi Aramco ramps up exports via Hormuz Strait LONDON, Sept 21 Reuters Oil prices slid to their lowest in 11 days on Monday as investors hoped for diplomatic progress on the Iran war due to this week39;s UN meeting, and eyed a partial recovery in shipments from Saudi Arabia. Brent crude futures and US West Texas Intermediate crude touched their lowest since September 10 earlier on Monday. The Brent contract for November was at 101.75 a barrel at 0859 GMT, down 2.12, or 2. The WTI October contract that is expiring on Tuesday fell 1.96, or 2, to 98.34 a barrel. The November contract stood at 94.16. Iran and the US exchanged new threats on Sunday, although President Donald Trump said he would be open to meeting Iranian President Masoud Pezeshkian, who is expected to be in New York this week for the United Nations General Assembly. It seems that a degree of risk premium is being removed from oil prices on hopes that a diplomatic path to deescalate the USIran war may arrive this week, said Tim Waterer, chief market analyst at KCM Trade. Iran has conveyed its conditions to mediators for reengaging in negotiations, Al Jazeera cited Iran39;s security chief, Mohsen Rezaei, as saying in an interview on Saturday. However, tensions in the Middle East remained elevated as Yemen39;s Iranbacked Houthis said they had... https://www.gurutrade.com/news/oil-falls-to-11-day-low-on-us-iran-talks-saudi-supply-1789984703.html Mon, 21 Sep 2026 12:30:34 +0300 https://www.gurutrade.com/news/oil-prices-set-for-weekly-fall-as-saudi-supply-fears-ease-1789727450.html Saudi Arabia and Houthis exchange fresh strikes Brent on track for first weekly decline in three Oil prices hold above 100 a barrel LONDON, Sept 18 Reuters Oil prices fell on Friday, extending losses for a third straight session as easing concerns over Saudi supply disruptions outweighed anxiety about a widening of conflict across the Middle East. Brent crude futures fell by 1.65, or 1.6, to 103.17 a barrel by 1008 GMT. U.S. West Texas Intermediate futures were down 61 cents, or 0.6, at 101.30. Benchmark Brent prices are on track for their first weekly loss in three, down 1.4. Immediate concerns over supply tightness have been eased by a combination of Saudi Arabia loading more crude via Oman, a build in oil product inventories in the U.S., Singapore and Europe, plus increased fuel exports from China, said PVM Oil Associates analyst Tamas Varga. While continuous preweekend profittaking cannot be ruled out, the current fundamental outlook would not justify a prolonged fall below 100 a barrel basis Brent, Varga added. Markets largely shrugged off concerns even as Saudi Arabia and Yemen39;s Iranbacked Houthis exchanged fresh strikes across their border on Thursday, expanding the Middle East war front. Prices climbed to close to fourmonth highs earlier in the week after sources said crude loadings at Saudi Arabia39;s Red Sea export hub of Yanbu had been suspended and Riyadh cancelled some deliveries to Europe after its EastWest pipeline was damaged in an attack... https://www.gurutrade.com/news/oil-prices-set-for-weekly-fall-as-saudi-supply-fears-ease-1789727450.html Fri, 18 Sep 2026 01:30:18 +0300 https://www.gurutrade.com/news/oil-falls-3-to-one-week-low-as-supply-disruption-fears-ease-1789651471.html Saudi Arabia suspends Yanbu loading, offers more crude via Oman Two pumping stations along Saudi EastWest Pipeline damaged in recent attack, sources say Ukraine drone attack damages oil refinery in Russia39;s Yaroslavl, governor says Sept 17 Reuters Oil prices eased about 3 on Thursday to a oneweek low, extending losses as reports of additional Saudi crude cargoes through Oman eased supply concerns, though prices stayed above 100 a barrel on fears the Middle East conflict could widen. Brent crude futures were down 3.85, or 3.64, to 101.98 a barrel at 1000 GMT, after touching their lowest level since September 10, while US West Texas Intermediate futures were down 3, or 2.93, at 99.43 a barrel, their lowest level since Sept. 11.Both contracts fell about 3 on Wednesday. Crude retreated from weekly highs after US Energy Secretary Chris Wright signalled a quicker return to service for Saudi Arabia39;s EastWest pipeline, while Saudi efforts to maintain shipments via additional loadings off Oman eased supply worries, said Tim Waterer, chief market analyst at KCM Trade. Saudi Arabia is offering more crude cargoes to Asian refiners through shiptoship transfers off Oman39;s Sohar port, people familiar with the matter said, helping offset some of the disruption caused by attacks on the EastWest pipeline to the Red Sea. Oil prices had climbed to around fourmonth highs earlier this week after shipping industry sources said crude loadings at Saudi Arabia39;s Red Sea export hub... https://www.gurutrade.com/news/oil-falls-3-to-one-week-low-as-supply-disruption-fears-ease-1789651471.html Thu, 17 Sep 2026 04:10:42 +0300 https://www.gurutrade.com/news/oil-slips-as-saudi-arabia-offers-more-crude-via-oman-1789549411.html Brent, WTI retreat from twoday rally Saudi Arabia suspends Yanbu loading, offers more crude via Oman loading US crude, gasoline and distillate inventories all rose last week, sources say Sept 16 Reuters Oil prices fell on Wednesday as reports that Saudi Arabia was offering additional crude cargoes via Oman eased concerns about the scale of Middle East supply disruptions. Brent crude futures were down 83 cents, or 0.76, to 107.92 a barrel at 0801 GMT, while U.S. West Texas Intermediate futures were down 1.41, or 1.33, at 104.42 a barrel. In the previous session, oil prices settled more than 3 higher after shipping industry sources said crude loadings at Saudi Arabia39;s Red Sea export hub of Yanbu had been suspended and Riyadh had cancelled some cargo deliveries to European customers, deepening concerns that disruptions to a critical export route could persist for weeks. However, Saudi Arabia is offering more loadings of crude oil to Asian refiners via shiptoship transfer off Oman39;s Sohar port after drone attacks damaged its key oil pipeline to the Red Sea, people familiar with the matter said. News around Saudi Arabia exporting from the Gulf suggests concerns that the disruption could be larger are easing, said UBS analyst Giovanni Staunovo. Visible vessel transits through the Strait of Hormuz remained in the single digits at four on Tuesday, down from seven a day earlier, preliminary shipping data showed on Wednesday. That was well below the 10day average of... https://www.gurutrade.com/news/oil-slips-as-saudi-arabia-offers-more-crude-via-oman-1789549411.html Wed, 16 Sep 2026 11:10:48 +0300 https://www.gurutrade.com/news/oil-edges-up-as-attacks-outage-fuel-saudi-supply-fears-1789483584.html Houthis strike Saudi targets as talks over Hormuz stall Commodity vessel traffic through Hormuz drops to four on Monday Half of Russia39;s top dieselproducing refineries cut output after drone strikes Egypt39;s Sisi and Saudi Crown Prince stress need for security of Red Sea navigation Sept 15 Reuters Oil prices edged higher on Tuesday after attacks on Saudi Arabian energy infrastructure left the kingdom39;s EastWest Pipeline offline, raising fears that damage to energy infrastructure and transport routes could take longer to repair. Brent crude futures were up 6 cents at 105.74 a barrel at 1301 GMT after hitting a session high of 108.43. U.S. West Texas Intermediate futures were up 27 cents at 101.66 a barrel after rising as far as 104.21 earlier. Concerns over oil supplies intensified after Iranbacked Houthi forces in Yemen launched fresh attacks on Saudi Arabia on Monday, while Gulf Arab states postponed planned discussions with Iran. Fresh attacks by the Houthis targeting Saudi Arabia may be influencing oil market investors39; expectations about the severity and duration of the conflict, said Hamad Hussain, senior climate and commodities economist at Capital Economics. The Houthis said on Monday they fired dozens of missiles and drones at a military air base in Khamis Mushait in southern Saudi Arabia, targeting aircraft hangars, radar systems, runways and ammunition depots in retaliation for Saudi airstrikes in Yemen. This followed attacks on Friday on... https://www.gurutrade.com/news/oil-edges-up-as-attacks-outage-fuel-saudi-supply-fears-1789483584.html Tue, 15 Sep 2026 04:30:39 +0300 https://www.gurutrade.com/news/oil-surges-3-as-attacks-halt-saudi-pipeline-1789396793.html EastWest Pipeline shutdown threatens up to 4 of global oil supply GulfIran meeting on Strait of Hormuz postponed, Oman says Bab elMandeb risks grow after Houthis reach Perim Island LONDON, Sept 14 Reuters Oil prices rose more than 3 on Monday after new strikes on Saudi Arabian energy infrastructure and attacks on ships in the Middle East compounded supply concerns. Brent crude futures was up 3.21, or 3.1, to 107.82 per barrel by 1218 GMT, having hit a session high of 108.65. U.S. WTI futures gained 2.77, or 2.8, to 102.82. Oil prices surged around 9 higher last week as attacks in the Middle East escalated, with Brent rising above 100 a barrel for the first time since July and hitting its highest since May at around 110. The rally pushed U.S. diesel prices above 6 a gallon for the first time ever, triggering a plea from U.S. President Donald Trump to Ukraine to stop attacking Russian diesel infrastructure. Global bond markets have come under pressure from higher energy prices feeding inflation and higher interest rates, with yields repeatedly climbing to fresh multiyear highs. Saudi Arabia39;s EastWest Pipeline was temporarily shut following a drone attack, according to Saudi officials. The shutdown of the pipeline, which helps Saudi Arabia avoid the Strait of Hormuz by rerouting them to the Red Sea, threatens up to 4 of global oil supply. With the pipeline out of service, the Red Sea port of Yanbu will have to draw on storage, which is estimated to cover five to... https://www.gurutrade.com/news/oil-surges-3-as-attacks-halt-saudi-pipeline-1789396793.html Mon, 14 Sep 2026 03:30:25 +0300 https://www.gurutrade.com/news/oil-set-to-end-week-above-100-as-us-diesel-hits-high-1789122977.html Brent, WTI up over 10 so far for the week Houthi attacks from Yemen mark escalation beyond Hormuz US diesel prices surge past 6 a gallon for first time China to increase retail petrol, diesel prices from September 12 Global 2026 oil supply gap to deepen on delayed return of normal Gulf flows, IEA says Sept 11 Reuters Oil prices slipped on Friday but remained on track to end the week above 100 a barrel for the first time since midMay and U.S. diesel prices hit a record high as attacks along key Middle East shipping routes stoked prolonged supply disruption fears. Brent crude futures fell 1.65, or 1.53, to 105.98 a barrel by 0758 GMT. U.S. West Texas Intermediate crude fell 1.36, or 1.33, to 101.12 a barrel. The benchmarks pared all early gains to trade lower after the Financial Times reported that foreign ministers in the Middle East are trying to work out a temporary deal with Iran to manage shipping through the Strait of Hormuz. Both benchmarks rose more than 6 on Thursday and were still trading more than 10 higher on a weekly basis. Some headlines of possible new talks in the Middle East are weighing moderately on oil prices today, said UBS energy analyst Giovanni Staunovo, adding I keep seeing nearterm risks to the upside for oil prices, but we should expect ongoing high price volatility too. Iran said it had attacked 10 ships near the Strait of Hormuz on Wednesday, after the U.S. hit five Iranian oil tankers. Iran39;s Islamic Revolutionary Guard Corps... https://www.gurutrade.com/news/oil-set-to-end-week-above-100-as-us-diesel-hits-high-1789122977.html Fri, 11 Sep 2026 12:30:56 +0300 https://www.gurutrade.com/news/brent-holds-100-as-tanker-attacks-dim-hormuz-recovery-hopes-1789034655.html Brent crude futures rise 0.4 to 101.61 a barrel by 0814 GMT Oil flows through Strait of Hormuz remain far below prewar levels China has stepped up crude purchases in recent weeks, ING analysts say WTI gained 0.51 to 96.54 a barrel by 0814 GMT Dated Brent has traded above 100 since Sept. 3, LSEG data showed LONDON, Sept 10 REUTERS Oil prices rose on Thursday, extending gains that took Brent over 100 a barrel in the previous session, as traders braced for deeper supply disruptions after Iran and the United States launched their largest attacks on shipping since their sixmonthold conflict began. Brent crude futures were up by 40 cents, or 0.4, at 101.61 a barrel by 0814 GMT. U.S. West Texas Intermediate crude rose by 49 cents, or 0.51, to 96.54. Brent prices have surged nearly 30 from lows touched in early August as a permanent agreement between the U.S. and Iran to cease attacks never materialised and fighting resumed later in the month. The recent runup in prices lays bare the markets approach this conflict will last longer than anticipated even a month ago, let alone at the beginning of the summer. If oil supply and exports are diminished, the oil balance remains tight and prices remain elevated, PVM analyst John Evans said. U.S. President Donald Trump warned that the U.S. may hit Iran39;s Pickaxe Mountain, urging Tehran to be cautious, and said that the war will likely last beyond the November midterm elections. Iran said it had attacked 10 ships near the... https://www.gurutrade.com/news/brent-holds-100-as-tanker-attacks-dim-hormuz-recovery-hopes-1789034655.html Thu, 10 Sep 2026 12:10:51 +0300 https://www.gurutrade.com/news/brent-crude-tops-100-as-middle-east-conflict-intensifies-1788945035.html Brent tops above 100 a barrel for the first time since July 24 Iran attacks US base in Jordan, ships near Hormuz after tankers sunk Markets are pricing in a longer conflict, analyst says SINGAPORE, Sept 9 Reuters Benchmark Brent crude oil futures rose past 100 a barrel on Wednesday, hitting a more than sixweek high and breaching the symbolic threshold for the first time since July 24 as intensifying conflict in the Middle East heightened concerns about oil flows from the region. Brent crude futures were up 2.01, or 2.05, at 99.93 a barrel by 0802 GMT, after earlier touching 100.19, while U.S. West Texas Intermediate crude was up 1.49, or 1.60, at 94.52 a barrel. Brent crude prices have risen by a quarter since early last month as hopes fade for a permanent resolution to the sixmonthold U.S.Iran conflict. Since the Iran war began on February 28, Brent has surged as high as 126.41 a barrel, a peak reached on April 30. This week, attacks by Iranbacked Houthis on Saudi energy facilities set oil installations ablaze, threatening a significant expansion of the conflict. The attacks also threaten crude shipments via the Red Sea, which has been a key alternative route to the crucial Strait of Hormuz, where oil flows have been severely curtailed since the February 28 start of the Iran war. SUPPLY RISKS MOUNT Market participants appear to be pricing in a more prolonged conflict in the Middle East as well as the risk that the latest escalation in military strikes... https://www.gurutrade.com/news/brent-crude-tops-100-as-middle-east-conflict-intensifies-1788945035.html Wed, 09 Sep 2026 12:10:08 +0300 https://www.gurutrade.com/news/oil-nears-100-as-fresh-mideast-strikes-raise-supply-risks-1788943444.html NEW DELHI, Sept 9 Reuters Brent crude prices were trading close to 100 a barrel on Wednesday for the first time since July, as escalating attacks across the Middle East fuelled concerns over disruptions to oil supplies from the region. Brent crude futures rose 1.3 to 99.22 a barrel by 0614 GMT, while U.S. West Texas Intermediate crude was up 1.2 at 94.13 a barrel. Brent crude prices have jumped by a quarter since early August as hopes for a permanent resolution to the sixmonthold war faded and as fighting flared again. The Middle East war intensified on Tuesday with Iranianbacked Houthis in Yemen launching strikes on several Saudi cities, further embroiling a U.S. ally in the conflict. In a sharp escalation of the sixmonthold war, U.S. forces hit multiple Iranian oil tankers and Iran targeted a U.S. base in Jordan and attacked ships. Bullish momentum is building in crude markets as Brent crude approaches the psychologically important 100perbarrel mark, said Priyanka Sachdeva, head of market insights at Phillip Nova. The latest attacks threaten to deepen disruptions to Middle East oil supplies, already strained by strikes on regional energy infrastructure and key shipping lanes. While Saudi Arabia has diverted some exports away from the Strait of Hormuz, any sustained attacks on the kingdom could complicate efforts to keep crude flowing to global markets, analysts said. Iran39;s attacks on Saudi energy facilities and the subsequent destruction of five Iranian... https://www.gurutrade.com/news/oil-nears-100-as-fresh-mideast-strikes-raise-supply-risks-1788943444.html Wed, 09 Sep 2026 11:50:26 +0300 https://www.gurutrade.com/news/oil-hits-multi-week-highs-after-houthi-saudi-attacks-1788857795.html Houthi attacks disrupt Saudi energy facilities, wound 73, authorities say Hormuz traffic slows after Iran threatens retaliation for US attacks Goldman raises December 2026 Brent view to 85, WTI outlook to 80 Sept 8 Reuters Oil prices hit multiweek highs on Tuesday after Iranbacked Houthis attacked Saudi energy facilities and Tehran threatened the United States with economic warfare. Brent crude futures were up 2.00, or 2.06, at 99.00 a barrel by 0800 GMT. U.S. West Texas Intermediate crude was at 94.41 a barrel, up 2.93, or 3.2. Brent earlier rose to as much as 99.22 a barrel, its highest since July 24, while WTI reached 94.60 a barrel, its highest since June 8. The price action reflects both genuine physical tightness tanker flows through Hormuz remain well below normal and a clear geopolitical risk premium. Right now the risk premium is doing a lot of the heavy lifting, said Tim Waterer, chief market analyst at KCM Trade. As for the rest of the year, oil looks set to remain elevated while the Strait stays contested and diplomatic progress remains fragile. Operations at some energy facilities in Saudi Arabia, the world39;s top oil exporter, were halted on Tuesday following attacks by Yemen39;s Iranaligned Houthis that wounded 73 people, in what Saudi authorities called a dangerous escalation. Meanwhile, Iran threatened the United States with economic warfare and said it had fired an advanced missile at U.S. warships, underscoring the risks of further... https://www.gurutrade.com/news/oil-hits-multi-week-highs-after-houthi-saudi-attacks-1788857795.html Tue, 08 Sep 2026 11:30:10 +0300 https://www.gurutrade.com/news/oil-extends-gains-on-us-and-iran-exchange-attacks-on-ships-1788769107.html US forces strike three Iranian oil tankers on Saturday IRGC says it targeted six vessels on Saturday in retaliation OPEC keeps oil output policy unchanged for October Iran to announce restricted zone outside Hormuz strait media Hormuz traffic dips to lowest since May Kpler data SINGAPORE, Sept 7 Reuters Oil prices rose more than 1 a barrel on Monday as titfortat strikes between the U.S. and Iran on vessels sailing in the Strait of Hormuz and other areas heightened concerns of a prolonged supply disruption from the Middle East. Brent crude futures climbed 1.20, or 1.25, to 97.48 a barrel by 0727 GMT while U.S. West Texas Intermediate crude was at 92.62 a barrel, up 1.14 cents, or 1.25. Brent rose 7.8 last week while WTI gained nearly 10 after the U.S. and Iran resumed attacks and caused a reduction in oil flows through the Hormuz strait where a fifth of the world39;s oil supply used to transit. U.S. forces struck three Iranian oil tankers on Saturday, U.S. Central Command said, including one off the coast of Kharg Island, near Iran39;s key oil export hub. The navy of Iran39;s Islamic Revolutionary Guard Corps said on Saturday it targeted three oil tankers that were travelling through unauthorized routes in the Strait of Hormuz as well as three additional U.S. vessels in other areas. The Saturday attacks represented a major escalation in the maritime conflict, maritime intelligence firm Marisks said. Commercial tankers are now being deliberately used as... https://www.gurutrade.com/news/oil-extends-gains-on-us-and-iran-exchange-attacks-on-ships-1788769107.html Mon, 07 Sep 2026 09:30:50 +0300 https://www.gurutrade.com/news/oil-edges-down-as-markets-weigh-us-iran-strike-risks-1788423123.html BEIJING, Sept 3 Reuters Oil prices edged lower on Thursday as investors weighed the uncertainty of renewed military strikes between the U.S. and Iran that risk disrupting supplies from the Middle East. Brent crude futures fell 59 cents, or 0.62, to 95.04 a barrel at 0509 GMT, while U.S. West Texas Intermediate crude futures were down 38 cents, or 0.42, at 90.63. The latest attacks were the most substantial exchange of fire between the U.S. and Iran since July, with the war now in its seventh month. Brent and WTI swung between gains of as much as 2 a barrel and losses of 1 a barrel during the previous trading session. The session highs for both benchmarks were the highest since July 24. Oil prices retreated on tentative signs that the latest flareup was easing, with no confirmed exchange of fire since around midday on Wednesday, Sydney time, IG analyst Tony Sycamore said in a note. U.S. President Donald Trump said on Wednesday that the renewed U.S. campaign against Iran would not continue for too long and that U.S. forces had targeted Iran39;s radar and missile systems. We took out all of the new equipment that they tried to build along the Strait of Hormuz some defensive, some offensive ... It was a very heavy attack last night, and we39;re prepared to do another one any time we want, Trump said. If that easing holds, and it is a big if, it won39;t be long before oil moving out of the Strait via darkship transits and shiptoship transfers returns to the levels we... https://www.gurutrade.com/news/oil-edges-down-as-markets-weigh-us-iran-strike-risks-1788423123.html Thu, 03 Sep 2026 10:10:04 +0300 https://www.gurutrade.com/news/oil-prices-steady-as-traders-weigh-supply-risks-1788339176.html US and Iran exchange attacks as lull in war appears over US energy secretary says 17 million barrels of oil transited Strait of Hormuz on Monday Brent and WTI earlier hit their highest levels since July 24 Russia attacked energy infrastructure in Ukraine39;s Odesa region overnight, Ukrenergo says Sept 2 Reuters Oil prices were little changed on Wednesday after climbing to more than onemonth highs earlier in the session as traders weighed the risk of supply disruptions following overnight U.S. and Iranian strikes against signs that crude supplies continue to reach the market. Brent crude futures rose 9 cents, or 0.1, to 94.74 a barrel by 0805 GMT and U.S. West Texas Intermediate crude futures lost 19 cents, or 0.21, to 90.03. Brent crude and U.S. West Texas Intermediate crude earlier climbed to their highest levels since July 24, reaching session highs of 97.04 and 92.29 a barrel, respectively. The market is facing a binary risk, said Saxo Bank head of commodity strategy Ole Hansen. An announcement that a deal has been reached, or that progress is being made, could send prices tumbling, while any escalation would further undermine the prospect of a peace deal. That39;s why oil remains highly volatile, with a potential 5 move in either direction on fresh developments. The U.S. and Iran were back on a war footing on Wednesday after the most significant exchange of fire in weeks, with Washington threatening more devastating strikes. The Islamic Revolutionary... https://www.gurutrade.com/news/oil-prices-steady-as-traders-weigh-supply-risks-1788339176.html Wed, 02 Sep 2026 11:30:05 +0300 https://www.gurutrade.com/news/oil-up-more-than-2-as-us-iran-strikes-fuel-supply-fears-1788271932.html Trump threatens further strikes against Iran Oil to hold above 80 a barrel in 2026, Reuters poll shows Iran says it would reciprocate if US returns to commitments under interim peace deal LONDON, Sept 1 Reuters Oil prices rose more than 2 on Tuesday as a resumption in fighting between the United States and Iran in the Middle East renewed fears of supply disruptions from the oilproducing region. Brent crude futures were up 2.17, or 2.4, at 92.66 a barrel by 1302 GMT, while U.S. West Texas Intermediate crude was up 2.48, or 2.89, at 88.24. At that level, the crude contracts had erased most of the losses incurred over the past week on the back of the reescalation in Middle East conflict. On Monday, U.S. President Donald Trump threatened further strikes against Iran after the first exchange of direct attacks between the countries since late July, raising tensions in a conflict that had recently shifted into an economic standoff. The titfortat missile exchanges between the U.S. and Iran bring validation to those who believe that even if not a forever war, this conflict will run and run, said PVM analyst John Evans. Iranian President Masoud Pezeshkian said on Tuesday that his country would immediately reciprocate if the U.S. returned to its commitments under the interim peace deal signed in June. Efforts by mediators including Qatar and Oman to broker a deal to reopen the Strait of Hormuz, which carried about a fifth of global oil and LNG supplies before the war... https://www.gurutrade.com/news/oil-up-more-than-2-as-us-iran-strikes-fuel-supply-fears-1788271932.html Tue, 01 Sep 2026 04:30:57 +0300 https://www.gurutrade.com/news/oil-rises-as-us-iran-resume-military-attacks-1788166766.html US forces struck two Iranian launchers on Larak Island IRGC says it attacked two US air bases in Jordan, media reports Trump says the US will use Venezuelan oil to replenish its SPR LONDON, Aug 31 Reuters Oil prices were trading nearly 2 higher on Monday after the U.S. attacked an Iranian island in the Strait of Hormuz and drew retaliation from Tehran, as their conflict extended into its sixth month. Brent crude futures climbed 1.77, or 2, to 89.87 a barrel by 0733 GMT while U.S. West Texas Intermediate crude was at 84.85, up 1.45, or 1.74. U.S. forces struck two launchers on Iran39;s Larak Island in the Strait of Hormuz on Sunday, the first known American strikes on the country since late July. In response, Iran attacked two U.S. air bases in Jordan, Iranian media reported on Monday, citing Iran39;s Revolutionary Guards. U.S. President Donald Trump said in a brief social media post on Sunday that Iran39;s energy hub of Kharg Island was being blown to smithereens, but there was no evidence that the island was under attack and the post, accompanied by an AIgenerated clip, contained no further details. Iran denied the attack on the island, adding that oil operations continued. Negotiations to end the conflict are at an impasse while mediators work to reopen the Strait of Hormuz, through which a fifth of the world39;s oil flowed before the war began at the end of February. We see more chances of contained confrontation rather than any sustained escalation in the... https://www.gurutrade.com/news/oil-rises-as-us-iran-resume-military-attacks-1788166766.html Mon, 31 Aug 2026 11:10:15 +0300 https://www.gurutrade.com/news/oil-flat-set-for-weekly-loss-on-stalled-us-iran-talks-1787914102.html LONDON, Aug 28 Reuters Oil prices held steady on Friday but were on track for a weekly drop as traders weighed stagnant U.S.Iran diplomatic talks against some crude flows through the Strait of Hormuz. Brent crude futures were down 4 cents to 89.66 a barrel at 0943 GMT. West Texas Intermediate crude futures fell 32 cents, or 0.38, to 83.21. Both benchmarks were poised to end the week lower, with Brent down 5.1 and WTI falling 4.5. A combination of U.S. tactics moving to economic sanctions rather than military pressure and talks of OmanIran39;s joint corridor have led to risk premiums declining, said Suvro Sarkar, head of energy research at DBS Bank. The U.S. announced what it called the toughest sanctions in history on Iran earlier in the week. Tehran said the sanctions were an inhumane and hostile act that had lost their effectiveness. The prime minister of Qatar met senior Iranian leaders in Tehran on Thursday, stressing the importance of returning to the prewar status of open shipping through the international waterway. However, the tentative recovery of oil flows through the Strait of Hormuz through which 20 of the world39;s oil supply moves was choppy. Seven commodity vessels transited on Thursday, down from 17 a day earlier and below the 10day average of 15, preliminary shipping data showed on Friday. The Bab elMandeb, another major maritime chokepoint, saw 17 commodity vessels pass through, with six entering and 11 exiting. Goldman Sachs on Thursday... https://www.gurutrade.com/news/oil-flat-set-for-weekly-loss-on-stalled-us-iran-talks-1787914102.html Fri, 28 Aug 2026 12:50:20 +0300 https://www.gurutrade.com/news/oil-falls-2-on-iran-oman-talks-to-reopen-strait-of-hormuz-1787731229.html Oman, Iran propose temporary lane through Strait of Hormuz US begins returning personnel to some Middle East missions API shows rise in weekly US crude stocks, sources say TOKYOSINGAPORE, Aug 26 Reuters Oil prices fell more than 2 a barrel on Wednesday as talks between Iran and Oman revived hopes that the Strait of Hormuz could reopen and remove shipping constraints affecting supply in the key Middle East region. Brent crude futures fell 2.30, or 2.6, to 86.28 a barrel by 0447 GMT, earlier dropping to their lowest since August 13. U.S. West Texas Intermediate crude futures were down 2.08, or 2.53, at 80.29, earlier sinking to their lowest since August 10. Both benchmarks fell more than 3 on Tuesday. The market continues to react to developments surrounding navigation through the Strait of Hormuz, and hopes for progress in talks between Iran and Oman have triggered selling, said Mitsuru Muraishi, an analyst at Fujitomi Securities. That said, uncertainty over the outlook has prompted bargain buying, limiting further losses, and prices are likely to remain rangebound for the time being, he added. Iran said it had restarted talks with Oman to manage the strait as it faces heightened economic pressure from U.S. President Donald Trump. Iran and Oman have been in onandoff talks for weeks about controlling traffic through the waterway, which handled onefifth of global oil and liquefied natural gas shipments before the U.S.Israeli war against Iran began in February.... https://www.gurutrade.com/news/oil-falls-2-on-iran-oman-talks-to-reopen-strait-of-hormuz-1787731229.html Wed, 26 Aug 2026 09:10:35 +0300 https://www.gurutrade.com/news/oil-extends-fall-as-market-shrugs-off-us-iran-sanctions-1787645007.html Benchmark oil contracts fell more than 2 on Monday Oil tanker struck, disabled near Oman by projectile UKMTO US Strategic Petroleum Reserve at lowest since November 1982 SINGAPORE, Aug 25 Reuters Oil prices fell further on Tuesday after settling down more than 2 in the previous session, with investors brushing off the impact of the latest U.S. sanctions against Iran. Brent crude futures fell 90 cents, or 1.0, to 91.27 a barrel by 0630 GMT, while U.S. West Texas Intermediate crude was down 76 cents, or 0.9, at 84.25. Both contracts settled lower on Monday, with U.S. crude oil falling to a oneweek low on profit taking after prices rallied over the previous two weeks. The market seems largely unfazed by Washington39;s push for tighter economic pressure on Iran, with traders treating the U.S. effort to nudge partners away from Iranian trade as marginal rather than market moving, said ING commodity strategists in a note on Tuesday. U.S. Treasury Secretary Scott Bessent on Monday unveiled an expansion of sanctions to cut off Iran39;s economic lifeline, to force an end to the war between them, telling countries they would need to sever their business ties or risk being cut out of the dollarbased financial system. However, he declined to identify the countries that would be targeted or reveal when those penalties would take effect, saying he would instead provide them time to comply with the new directive. While U.S. Defense Secretary Pete Hegseth said on Monday the... https://www.gurutrade.com/news/oil-extends-fall-as-market-shrugs-off-us-iran-sanctions-1787645007.html Tue, 25 Aug 2026 09:50:54 +0300 https://www.gurutrade.com/news/oil-falls-ahead-of-us-announcement-of-new-sanctions-on-iran-1787585021.html Bessent to announce more sanctions on Iran on Monday Iranian president calls for a diplomatic solution Iran approves tankers carrying Iraqi oil to transit Hormuz IRNA Morgan Stanley projects Brent to peak at 100 in fourth quarter LONDON, Aug 24 Reuters Oil prices slipped more than 1 a barrel on Monday as investors took profits after recent gains and awaited details of expected new U.S. sanctions on Iran, which could further disrupt supplies from the Middle East. Brent crude futures were down 1.01, or 1.1, to 93.38 at 1316 GMT, while U.S. West Texas Intermediate crude was at 85.64 a barrel, down 1.42, or 1.6. Both contracts posted a second consecutive weekly gain last week, rising more than 5, as peace negotiations between the U.S. and Iran stalled, constraining oil shipments through the Strait of Hormuz, a route that once carried a fifth of global supplies. U.S. Treasury Secretary Scott Bessent, who is set to hold a press conference at 1 p.m. EDT 1700 GMT on Monday, has threatened to impose the toughest sanctions in history on Iran. President Donald Trump has also threatened to impose sanctions on Iran39;s trading partners. Should the pledged embargo be launched, oil supply from the region will fall, said PVM analyst Tamas Varga, adding that the U.S. would likely tighten its naval blockade against Iranian oil exports and that Iran could retaliate with fresh strikes against oil installations in the Middle East. Iran has condemned U.S. plans to announce new... https://www.gurutrade.com/news/oil-falls-ahead-of-us-announcement-of-new-sanctions-on-iran-1787585021.html Mon, 24 Aug 2026 05:10:53 +0300 https://www.gurutrade.com/news/oil-set-for-2nd-weekly-gain-as-us-iran-feud-crimps-supply-1787301455.html US says it will impose 39;toughest sanctions in history39; on Iran Oil supply from major Middle East producers remains curtailed Only seven commodity ships crossed Strait of Hormuz on Thursday, data shows Aug 21 Reuters Oil prices edged lower on Friday but were on track for a second straight weekly gain after the United States threatened to impose the toughest sanctions in history with no end in sight for disruptions to Middle East oil flows. Brent crude futures fell 17 cents, or 0.18, to 93.61 a barrel by 0802 GMT. U.S. West Texas Intermediate crude futures slipped 36 cents, or 0.41, to 86.47. The Brent benchmark has gained more than 5.8 while WTI has risen 4.8 this week, with both touching their highest since July 24 in the previous session. The U.S. is taking a very firm stance against Iran, with the blockade back in place and threats of tougher sanctions on Iranian oil exports, and that39;s why we are seeing oil prices back above 90 a barrel, said ANZ analyst Soni Kumari. U.S. Treasury chief Scott Bessent had issued the sanctions threat, suggesting such measures would reduce the need for new major military operations. Oil prices have climbed on concerns over the continued curtailment of supply from major oil producers such as Saudi Arabia, Iraq, the United Arab Emirates and Kuwait. The earlier peace deal between the U.S. and Iran expired this week with no effort by either side to restart talks. The market is starting to adjust to the fact that oil trade... https://www.gurutrade.com/news/oil-set-for-2nd-weekly-gain-as-us-iran-feud-crimps-supply-1787301455.html Fri, 21 Aug 2026 11:50:33 +0300 https://www.gurutrade.com/news/oil-gains-on-mideast-supply-concerns-amid-us-iran-war-1787211973.html Brent, WTI tick up for a fifth session UAE suspends financial ties with Iran until further notice US crude, gasoline inventories rise, distillate stocks fallEIA TOKYOSINGAPORE, Aug 20 Reuters Oil prices climbed on Thursday on concerns the impasse in the U.S.Israeli war against Iran will continue to disrupt supply from the key Middle Eastern producing region and tighten global supplies. Brent crude futures for October delivery rose 35 cents, or 0.38, to 91.97 a barrel by 0632 GMT, while U.S. West Texas Intermediate crude futures for September added 17 cents to 86.00 a barrel. The moreactive October WTI contract was up 38 cents, or 0.45, to 84.77. Both Brent and WTI benchmarks gained for a fifth straight session on Thursday, having settled on Wednesday at their highest since July 24. The September WTI contract expires later on Thursday. Oil prices remained elevated as the market is supported by sporadic attacks in the Middle East but lacks fresh momentum without a major escalation, said Hiroyuki Kikukawa, chief strategist of Nissan Securities Investment, a unit of Nissan Securities. The market is likely to maintain a gradual upward trend given uncertainty over peace talks and tensions involving the United Arab Emirates, Oman and Iran, he added. The UAE39;s decision to suspend all financial and economic transactions with Iran until further notice has refocused the spotlight on fraught ties between the major Gulf Arab oil producer and Iran. On Tuesday, U.S.... https://www.gurutrade.com/news/oil-gains-on-mideast-supply-concerns-amid-us-iran-war-1787211973.html Thu, 20 Aug 2026 09:50:59 +0300 https://www.gurutrade.com/news/oil-hovers-near-three-week-high-on-uncertainty-over-hormuz-1787152864.html Hormuz traffic slows as uncertainty over waterway persists Iraq39;s cabinet approves new export routes from September 1 Trump says no talks planned with Iran Tehran says Strait of Hormuz still shut Aug 19 Reuters Oil prices trimmed gains but kept near a threeweek high hit earlier on Wednesday on uncertainty over shipping through the Strait of Hormuz and other ongoing supply disruptions in the market. Brent crude futures were up 18 cents, or 0.2, at 91.20 by 1302 GMT, while U.S. West Texas Intermediate crude futures were 16 cents, or 0.19 higher at 85.10 a barrel. Brent crude hit its highest level since July 30, and WTI reached its highest since July 31 earlier in the session, before retreating. Risk appetite received a boost following the announcement from the Federal Reserve increasing Treasury buybacks. The news saw the dollar tumble around 0.5 making the drop in oil prices even stronger in other currencies, Saxo Bank analyst Ole Hansen said. U.S. President Donald Trump said on Tuesday that no talks were taking place with Iran and that the Strait of Hormuz was open, contradicting Iran, which said the waterway remained shut. A temporary ceasefire agreement expired on Monday and a senior Iranian official told Reuters that his country was moving to a due to the diplomatic stalemate, though there were no reports of strikes by either side on Tuesday. Confidence in safe passage remains low, with shipping volumes still running well below normal levels. That... https://www.gurutrade.com/news/oil-hovers-near-three-week-high-on-uncertainty-over-hormuz-1787152864.html Wed, 19 Aug 2026 04:50:17 +0300 https://www.gurutrade.com/news/oil-prices-at-near-3-week-high-as-us-iran-peace-hopes-fade-1787057226.html US WTI crude futures hit highest since July 31 Trump responds to IranOman talks with threats to bomb Oman Analysts expect deal uncertainty to support prices LONDON, Aug 18 Reuters Oil prices traded slightly higher for a third session on Tuesday as prospects receded for a deal to end the Middle East war, with Iran saying it would adopt a more offensive stance and the U.S. ruling out extending a ceasefire deal, heightening worries about prolonged energy supply disruptions. Brent crude futures were up 20 cents, or 0.22, to 91.07 a barrel at 1203 GMT. U.S. West Texas Intermediate crude futures were up 49 cents, or 0.58, at 84.99 a barrel. Brent and WTI futures traded at their highest since July 30 and July 31, respectively, earlier in the session. Sentiment remained supported by U.S. President Donald Trump39;s decision not to extend the U.S.Iran peace agreement and continued security concerns in the Strait of Hormuz, ING analysts wrote in a note. Outward progress on peace talks and resumption of oil tanker traffic through the strategic Strait of Hormuz has halted, threatening to extend the conflict the United States and Israel launched with attacks on Iran on February 28. Iran will keep the Strait of Hormuz closed until the U.S. meets the conditions of the interim deal signed in June, top Iranian negotiator Mohammad Baqer Qalibaf said in comments published by state media on Tuesday. Trump had previously labelled that deal over. Qalibaf39;s comments came after a... https://www.gurutrade.com/news/oil-prices-at-near-3-week-high-as-us-iran-peace-hopes-fade-1787057226.html Tue, 18 Aug 2026 03:30:35 +0300 https://www.gurutrade.com/news/oil-rises-on-iran-war-stalemate-near-term-gains-limited-1786967752.html Fewer ships through Strait of Hormuz after tanker attack reports Trump urges Americans to accept slightly higher gasoline prices UAE39;s ADNOC sells at least 14 mln bbls crude in latest tender, traders say Aug 17 Reuters Oil prices rose on Monday on a lack of progress in diplomatic efforts to resolve the Middle East conflict, though the absence of major supply outages limited gains. Brent crude futures were up 92 cents, or 1.04, at 89.44 by 1002 GMT after hitting a session high of 89.68. U.S. West Texas Intermediate crude futures rose 55 cents or 0.67 to 82.95 a barrel. Both contracts gained more than 5 last week following attacks on tankers operated by the Abu Dhabi National Oil Company in the Hormuz strait and on a Saudi Aramco refinery. But Bjarne Schieldrop at SEB Research said that prices were unlikely to move substantively higher unless there was a halt in the current flow of crude out through the Strait of Hormuz at night andor a closure of the Bab elMandeb Strait. For now, prices were trading close to 90 as traders weigh the risk of deeper disruption and shortages against the possibility of a resolution where the Strait of Hormuz is reopened and oil prices fall sharply, Schieldrop said. Over the weekend, Iranian Foreign Minister Abbas Araqchi said Iran had not decided to resume talks with the United States, while U.S. President Donald Trump urged Americans to accept slightly higher gasoline prices while the conflict continues. Iran39;s Foreign Ministry... https://www.gurutrade.com/news/oil-rises-on-iran-war-stalemate-near-term-gains-limited-1786967752.html Mon, 17 Aug 2026 12:50:54 +0300 https://www.gurutrade.com/news/oil-rises-after-us-threatens-indefinite-blockade-of-iran-1786692629.html NEW DELHI, Aug 14 Reuters Oil prices gained on Friday after the United States threatened an indefinite naval blockade of Iran, reviving concerns about supply of crude after the previous session39;s fall on a weaker outlook for demand and a large build in U.S. stocks. Brent futures rose 90 cents, or 1.03, to 87.97 a barrel by 0653 GMT, while U.S. West Texas Intermediate WTI crude futures rose 91 cents to 82.16 a barrel. The benchmarks were on track for weekly rises of about 4 after the prior session39;s fall of more than 2, paring gains following Brent39;s sixsession rally and a fivesession rise for WTI. Despite the bearish crude stock data, the broader geopolitical backdrop is preventing a sharper price decline, Susan Bell, senior vice president for oil commodity markets at Rystad Energy said in a note. On Thursday, the United States warned that it could maintain a naval blockade of Iran indefinitely and ramp up economic pressure on Tehran as ceasefire talks have stalled. Watch this space for more announcements coming next week because we are going to apply measures like have never been seen in the history of economic isolation of a country, Treasury Secretary Scott Bessent told Newsmax39;s Rob Schmitt Tonight programme in an interview. The latest U.S. threats come as Iran curbs flows through the Strait of Hormuz, which carried 20 of the worlds oil before the conflict, driving up fuel prices and putting pressure on President Donald Trump to end a war that is... https://www.gurutrade.com/news/oil-rises-after-us-threatens-indefinite-blockade-of-iran-1786692629.html Fri, 14 Aug 2026 10:10:27 +0300 https://www.gurutrade.com/news/oil-slips-on-weaker-demand-outlook-and-higher-us-stocks-1786613374.html Brent, WTI fall 1 Iran says no progress on reviving interim peace deal with US Both IEA and OPEC lower 2026 oil demand forecasts LONDON, Aug 13 Reuters Oil prices declined on Thursday as investors assessed prospects for weaker global demand this year and higher U.S. crude stocks, while prices found support from a lack of progress in talks over the blockaded Strait of Hormuz and disruptions to supply. Brent futures were down 91 cents, or 1, to 88.07 a barrel at 0800 GMT, trimming gains over the prior six sessions. U.S. West Texas Intermediate WTI crude fell 96 cents, or 1.2, to 82.31, after advancing over the past five sessions. Crude inventory build in the U.S. kept prices below 90 a barrel along with lower demand estimates by the Organization of the Petroleum Exporting Countries and the International Energy Agency, PVM analyst John Evans said. U.S. commercial crude oil inventories made their largest weekly gain since January 2023 as exports slumped, data from the Energy Information Administration showed on Wednesday. Crude inventories rose by 17.4 million barrels to 424.4 million in the week ended August 7, their highest since June 5, the EIA said, versus Reuters poll expectations for a 1.4 millionbarrel draw. On the same day, OPEC lowered its world oil demand growth forecast for 2026 to 580,000 barrels per day in its monthly oil market report. The IEA said it expected a contraction of 1.6 million bpd in consumption this year, versus a forecast of 1 million... https://www.gurutrade.com/news/oil-slips-on-weaker-demand-outlook-and-higher-us-stocks-1786613374.html Thu, 13 Aug 2026 11:50:15 +0300 https://www.gurutrade.com/news/oil-rises-after-attacks-on-ships-in-hormuz-bab-el-mandeb-1786525864.html Benchmarks Brent and WTI extend gains US and Houthis attack ships in Gulf, Red Sea straits US crude inventories rise, refined fuels draw, industry data shows LONDON, Aug 12 Reuters Oil prices rose on Wednesday after attacks on two ships reinforced worries about disruptions to Middle East supplies, while industry data showing swelling inventories of U.S. crude might keep bulls in check. Brent futures were up 90 cents, or 1, at 89.81 a barrel by 0757 GMT, set for their sixth day of gains. U.S. West Texas Intermediate WTI crude climbed 88 cents, or 1.1, to 84.08, up for a fifth day. Both contracts earlier rose more than 1. The United States and Yemen39;s Iranaligned Houthis reported separate attacks on shipping in the Strait of Hormuz and the Bab elMandeb Strait on Tuesday, two crucial export valves for Middle Eastern oil and gas in addition to the Suez canal. Iran39;s top security official said Hormuz would stay closed unless the U.S. accepted Iran39;s conditions to end the war, including release of its frozen assets. Shipping data showed the number of vessels transiting Hormuz fell to a oneweek low of eight on Tuesday. Before the war, 125 to 140 vessels passed through the crucial waterway each day. In Libya, the country39;s National Oil Corporation said all fires at fuel storage tanks in the Zawiya oil complex were under control. On the supply front, a Reuters poll showed that U.S. crude oil and fuel inventories were expected to have fallen last week. However,... https://www.gurutrade.com/news/oil-rises-after-attacks-on-ships-in-hormuz-bab-el-mandeb-1786525864.html Wed, 12 Aug 2026 11:50:18 +0300 https://www.gurutrade.com/news/oil-up-2-extending-gains-on-dimming-us-iran-peace-hopes-1786445803.html Brent and WTI hit highest since July 31 Hopes for Hormuz deal fade as Trump demands Iranian reparations Gulf shipping traffic via Strait of Hormuz falls to six vessels Cargo ship attacked in the Red Sea, sources say Aug 11 Reuters Oil prices rose more than 2 on Tuesday to their highest in more than a week as ongoing disruption to Middle East energy flows and fading hopes for a U.S.Iran peace deal heightened concern over global oil supplies. Brent crude futures rose 2.09, or 2.38, to 89.81 a barrel by 0952 GMT. U.S. West Texas Intermediate crude futures were up 2.15, or 2.62, at 84.28. Both benchmarks were trading at their highest since July 31. Both contracts had jumped more than 5 on Monday after U.S. President Donald Trump responded to Iran39;s conditions for a peace deal with his own demands that Iran pay compensation for people killed in wars, attacks and protests, which is likely to complicate efforts to reopen the Strait of Hormuz. Later in the day he added that the U.S. had control of the strait and had swept the strategic oil waterway for Iranian mines. There39;s no clear path to a solution and to a full reopening of the strait at this point in time, and that39;s adding renewed upside pressure on prices, said Saxo Bank39;s head of commodity strategy, Ole Hansen, adding that meaningful supply disruption is ongoing. Shipping data showed that traffic through the Strait of Hormuz dropped to six vessels on Monday, compared with a 10day average of about 11... https://www.gurutrade.com/news/oil-up-2-extending-gains-on-dimming-us-iran-peace-hopes-1786445803.html Tue, 11 Aug 2026 01:30:24 +0300 https://www.gurutrade.com/news/oil-prices-firm-on-concerns-over-strait-of-hormuz-plans-1786100615.html Oil prices edged lower on Friday as investors weighed signals that Gulf states and Iran were closing in on a deal to reopen the Strait of Hormuz under a temporary arrangement aimed at allowing for broader talks to bring the Iran war to a close. Brent crude futures were down 57 cents, or 0.7, at 81.92 a barrel at 1014 GMT. U.S. West Texas Intermediate futures fell 33 cents, or 0.4, to 76.96. Oil futures settled more than 3 a barrel higher on Thursday as Iran reviewed a bill to ban U.S. and Israeli vessels from the Strait of Hormuz, through which roughly a fifth of the worlds oil and liquefied natural gas normally passed before the war began at the end of February. Prices fell earlier in the week as a possible solution to the conflict looked more likely, and both benchmarks are on course for a weekly loss of about 9. Still, analysts said that this week39;s developments have signalled that hostilities between Iran and the U.S. are not yet over. Iran is seeking fees of between 5 and 7 of the price of cargoes from ships using the strait, a senior Iranian official said. Oman, meanwhile, is discussing fees of about 3 while Washington wants no fees at all. Four industry sources have said the proposed deal is not easily workable because of U.S. sanctions and restrictive insurance clauses on any payments. The structure of the IranOman agreement in its current form and the power it yields to Iran is nothing that U.S. President Donald Trump can accept politically, said Bjarne... https://www.gurutrade.com/news/oil-prices-firm-on-concerns-over-strait-of-hormuz-plans-1786100615.html Fri, 07 Aug 2026 01:40:37 +0300 https://www.gurutrade.com/news/oil-gains-as-investors-cautious-over-iran-oman-talk-progress-1786004450.html Iran says deal with Oman on Strait of Hormuz is in final stages Houthi attacks on Saudi tanker renew supply tensions Saudi Arabia cuts Arab Light September OSP for Asia Zelenskiy says Ukraine39;s military hit two oil refineries in Russia Aug 6 Reuters Oil prices rose on Thursday as investors remained cautious on the outcome of IranOman talks and whether they will restore flows via the Strait of Hormuz, while reports of attacks on Saudi tankers in the Red Sea and Gulf of Aden renewed supply tensions. Brent crude futures gained 48 cents, or 0.60, to 79.93 a barrel by 0755 GMT. U.S. West Texas Intermediate futures added 29 cents, or 0.39, to 75.51 a barrel. Traders still remember the shortlived Memorandum of Understanding signed in June, so there is understandable anxiety that any new deal could prove equally fragile, said Tim Waterer, chief market analyst at KCM Trade. Iran and Oman have reached an understanding on the geographic coordinates for a shipping route through the Strait of Hormuz, and a joint announcement is being finalised, provided certain third parties did not interfere, Iran39;s Foreign Ministry spokesperson Esmaeil Baghaei said on Wednesday. A proposed deal between Iran and Oman to help end the U.S.Iran conflict would give Tehran control over ships entering the Gulf through the Strait of Hormuz, a senior Iranian source and two regional officials told Reuters on Wednesday, one of the biggest concessions yet to Iran. Before the conflict began in... https://www.gurutrade.com/news/oil-gains-as-investors-cautious-over-iran-oman-talk-progress-1786004450.html Thu, 06 Aug 2026 11:10:23 +0300 https://www.gurutrade.com/news/oil-gains-as-talks-to-end-us-iran-war-remain-uncertain-1785834161.html Brent crude up more than 1 after dropping over 7 to Monday39;s 3week low Trump says talks with Iran underway, Iran denies claim Shipping traffic at key Gulf waterways little changed Goldman sees Brent at 8090 until Iran deal clarity or significant escalation Aug 4 Reuters Oil prices rose on Tuesday as a diplomatic resolution to the U.S.Iran conflict remained uncertain, while disruptions to oil flows through key shipping routes persisted. Frontmonth Brent futures rose 1.04, or 1.24, to 84.81 a barrel by 0800 GMT after dropping 7 in the previous session to a threeweek low. U.S. West Texas Intermediate WTI crude was up 30 cents, or 0.37, at 80.64 a barrel after falling more than 5 in the previous session to its lowest in nearly a week. Prices had dropped after U.S. President Donald Trump said on Sunday he was holding off on new attacks on Iran pending ongoing talks to end their war and settle claims over control of the key Strait of Hormuz. On Monday, however, Iran39;s Foreign Ministry spokesman Esmail Baghaei rejected Trump39;s claim, saying no negotiations with the U.S. were taking place and no meetings were scheduled. The subsequent marginal gain in prices suggests that investors remain reluctant to fully price out the risk of renewed escalation leaving the market front and centre influenced by geopolitical headlines, said Ahmad Assiri, research strategist at Pepperstone. GULF SHIPPING TRAFFIC LITTLE CHANGED The Hormuz dispute is a central sticking point in... https://www.gurutrade.com/news/oil-gains-as-talks-to-end-us-iran-war-remain-uncertain-1785834161.html Tue, 04 Aug 2026 11:30:48 +0300 https://www.gurutrade.com/news/oil-slumps-on-iran-deal-hopes-yen-firms-post-intervention-1785742430.html Yen pushes away from 40year low after joint intervention Trump calls joint currency operation a sign of friendship Oil prices drop after Trump says Iran talks to happen on Monday SINGAPORE, Aug 3 Reuters Oil prices skidded and U.S. and European stock futures rose on Monday as hopes of a peace deal in the Middle East grew, while the yen firmed to a threemonth high after the U.S. and Japan confirmed joint intervention to prop up the frail currency. Brent crude futures sank more than 4 to 83.88 a barrel after U.S. President Donald Trump said talks with Iran will happen on Monday. He had earlier called off an imminent attack on Iran to reach a deal to reopen the Strait of Hormuz and resolve the impasse over Tehran39;s nuclear capabilities. SP 500 futures rose 0.6 while Nasdaq futures gained 0.8. European futures were 0.8 higher. Asian stocks struggled at the start of the week after a turbulent July that saw wild swings on worries over the AI trade as investors fretted over massive capital spending and whether it will provide returns quickly enough. Japan39;s Nikkei dropped 1, while South Korea39;s KOSPI slid more than 5. MSCI39;s broadest index of AsiaPacific shares outside Japan was down 1. YEN BEARS COWER AFTER JOINT INTERVENTION The Japanese yen strengthened 0.5 to 156.49 per U.S. dollar after a sudden move earlier in the day to its strongest since early May of 155.2, putting traders on alert for another bout of intervention. Japan and the U.S. conducted... https://www.gurutrade.com/news/oil-slumps-on-iran-deal-hopes-yen-firms-post-intervention-1785742430.html Mon, 03 Aug 2026 09:00:51 +0300 https://www.gurutrade.com/news/oil-falls-more-than-1-on-greater-flows-despite-us-iran-war-1785483679.html July 31 Reuters Oil prices fell on Friday but kept on track for a monthly rise of about a fifth, as more supplies flowed through crucial maritime chokepoints, despite a lack of major breakthroughs in talks between the United States and Iran. Brent futures fell 1.44, or 1.6, to 87.59 a barrel by 0658 GMT, while U.S. West Texas Intermediate WTI crude slipped 1.59, or 1.9, to 82 a barrel. On a monthly basis, both benchmarks were set to rise about 20. Crude oil is edging lower as rising Middle East tension is being offset by signs of increased flows in the Strait of Hormuz, said Daniel Hynes, a senior commodity analyst at ANZ. The strait, which usually carries about a fifth of global shipments of crude oil and liquefied natural gas, has been a focal point for oil markets as it has been largely blockaded since the February 28 launch of the U.S.Israeli war on Iran. Saudi Arabia seeks to lead a coalition to boost defence cooperation in the Bab elMandeb strait, the Red Sea and the Gulf of Aden, all chokepoints for energy supplies. The Saudi defence ministry said 14 nations, including Djibouti, Egypt, Pakistan, Sudan and Turkey, were in support of the multinational maritime defence coalition. Iranaligned Houthi militants in Yemen declared a naval blockade last week on Saudi Arabia, threatening the Red Sea route for its oil exports, an alternative to the Strait of Hormuz. Although tanker traffic has continued through the Strait of Hormuz and the Red Sea, higher security... https://www.gurutrade.com/news/oil-falls-more-than-1-on-greater-flows-despite-us-iran-war-1785483679.html Fri, 31 Jul 2026 10:10:01 +0300 https://www.gurutrade.com/news/oil-jumps-7-on-escalating-middle-east-airstrikes-1785344834.html Trump vows response to Iran attack on US troops in the Middle East Analyst expects nearterm Brent to whipsaw in 80100 range Strait of Hormuz tanker traffic remains low, shipping data shows Yemen39;s Houthis considering fees for ships sailing through Red Sea, sources say NEW YORK, July 29 Reuters Oil prices climbed 7 on Wednesday as airstrikes resumed in the Middle East, adding to worries about dwindling supply as U.S. government data showed crude inventories fell to a multiyear low. Brent futures were up 6.16, or 7.33, at 90.25 a barrel by 1136 a.m. ET 1536 GMT. U.S. West Texas Intermediate crude gained 5.40, or 6.81, to 84.65 a barrel. Renewed military strikes in the Middle East and Iranian officials reiterating that they want to control shipping activity through the Strait of Hormuz amid depressed oil flows through the strait are lifting oil prices again, UBS analyst Giovanni Staunovo said. The U.S. and Saudi Arabia launched strikes on Iranbacked groups in Iraq on Wednesday, blaming them for drone attacks on Saudi oil facilities. The strikes came hours after the U.S. military said it had averted a surprise Iranian attack on U.S. troops in the region. Iran said it had fired on ships in the Strait of Hormuz and at U.S. bases in Jordan. Prices surged even higher after President Donald Trump, in an interview with Fox News, promised further strikes against Iran. STRAIT OF HORMUZ IN FOCUS Tehran has ruled out Oman39;s proposal for regional joint management of... https://www.gurutrade.com/news/oil-jumps-7-on-escalating-middle-east-airstrikes-1785344834.html Wed, 29 Jul 2026 07:20:52 +0300 https://www.gurutrade.com/news/oil-hits-one-week-low-as-pause-in-attacks-fuels-deal-hopes-1785227621.html Brent, WTI trend lower for third session US having 39;good talks39; with Iran, President Trump says Omani proposal to Iran on Hormuz has regional backing, source says Bab elMandeb shipping rises amid hopes of resolution in USIran war July 28 Reuters Oil prices extended losses on Tuesday, hitting their lowest levels in more than a week as hopes for a resolution to the U.S.Iran conflict grew and traders continued to assess developments in the Middle East. Brent crude futures were down 1.75, or 1.98, at 86.61 by 0739 GMT, after hitting their lowest level since July 17. U.S. West Texas Intermediate crude was at 81.35 a barrel, down 1.26, or 1.53, after marking its lowest since July 20. U.S. President Donald Trump said on Monday Washington was having good talks with Iran and that there was the chance of a resolution. However, he said U.S. strikes would resume if negotiations failed while Iran issued similar comments about retaliation. While flows of vessels through the Strait of Hormuz remain low, the market hopes the situation improves based on new talks between Oman and Iran on a new mechanism for Hormuz, said UBS analyst Giovanni Staunovo. Oman has presented a proposal to Iran for a joint regional mechanism to manage the Strait of Hormuz with voluntary fees, a Gulf source told Reuters on Tuesday. The Strait of Hormuz handles roughly a fifth of global oil consumption and is one of the world39;s most important oil shipping chokepoints. The conflict has disrupted... https://www.gurutrade.com/news/oil-hits-one-week-low-as-pause-in-attacks-fuels-deal-hopes-1785227621.html Tue, 28 Jul 2026 11:10:04 +0300 https://www.gurutrade.com/news/oil-prices-near-one-week-low-as-us-and-iran-pause-strikes-1785166166.html Trump pauses attacks to allow more time for diplomacy, US ambassador says Strait of Hormuz traffic stays low despite pause in conflict Kazakhstan39;s daily oil output halves after exporting terminal closure, source says LONDON , July 27 Reuters Oil prices hovered around a oneweek low on Monday after the U.S. and Iran paused strikes over the weekend following two weeks of attacks, raising hopes of a diplomatic solution that would deescalate the conflict and allow shipping to resume in the Strait of Hormuz. Brent crude futures fell 5.85, or around 6, to 90.93 a barrel by 1309 GMT. They fell as low as 9.5 earlier in the session to 87.55 a barrel. U.S. West Texas Intermediate crude was at 84.33 a barrel, down 4.98, or around 5.6 and going as low as 8 earlier in the day to 82.12 a barrel. Both contracts were trading at their lowest levels since July 20 earlier in the session. Brent had reached 100 per barrel as the conflict, which reduced oil shipments via the Strait of Hormuz, spilled over to the Red Sea, hindering exports from the world39;s top exporter, Saudi Arabia, via the Bab elMandeb strait to Asia. The U.S. ambassador to the United Nations, Mike Waltz, told Fox News Sunday and other U.S. media that President Donald Trump had decided to pause U.S. attacks to allow more time for diplomacy The market seems to be forever seeking good news from an arena that really is not providing any, said PVM analyst John Evans. A stay of military strikes might seem an... https://www.gurutrade.com/news/oil-prices-near-one-week-low-as-us-and-iran-pause-strikes-1785166166.html Mon, 27 Jul 2026 04:50:06 +0300 https://www.gurutrade.com/news/oil-prices-head-for-weekly-rise-on-middle-east-escalation-1784879157.html Brent, WTI down 1; set for over 10 weekly gain Trump vows to punish Iran for Houthi attacks in Red Sea Hormuz tanker crossings subdued BEIJINGSINGAPORE, July 24 Reuters Oil futures prices retreated on Friday but are still set for hefty weekly gains because of concerns about disrupted energy flows in the Red Sea and fears of further escalation in the U.S.Israeli war on Iran. Brent futures fell 1.12, or 1.11, to 99.55 a barrel at 0648 GMT, having settled up 7 above 100 in the previous session for the first time since May, after Iranaligned Houthis said they struck two Saudi oil tankers in the Red Sea. The contract remained on course for a 13 advance this week. West Texas Intermediate WTI futures was down 1.12 or 1.21 at 91.06 a barrel, on track for an 10.4 weekly rise. The potential supply disruptions facing the market now are larger than at any time during the war, ING analysts said in a note on Friday. Not only have oil flows through the Strait of Hormuz essentially dried up, but there are clear risks to Saudi oil flows from the Red Sea. Further escalation in the Gulf and fears of a widening conflict are putting a significant amount of oil supply at risk. The number of tankers crossing through the Strait of Hormuz fell to just one on Thursday, the lowest since May 7, according to shiptracking data from Kpler, an analytics firm. The Bab elMandeb shipping route controls access from the Red Sea to the Indian Ocean and is the secondmostimportant oil channel after... https://www.gurutrade.com/news/oil-prices-head-for-weekly-rise-on-middle-east-escalation-1784879157.html Fri, 24 Jul 2026 10:10:47 +0300 https://www.gurutrade.com/news/oil-rises-5th-day-on-supply-concerns-amid-chokepoint-threats-1784791438.html Brent crude up, at its highest since June 8 Iran39;s Revolutionary Guards say Strait of Hormuz is under their control and 39;completely closed39; U.S. completes 12th straight night of attacks on Iran July 23 Reuters Oil prices rose for a fifth day on Thursday on increasing concerns about supply availability amid attacks on tankers in the Red Sea by Yemen39;s Houthis and strikes between the U.S. and Iran that have once again nearly shut the Strait of Hormuz. Brent crude futures rose 2.42, or 2.6, to 96.49 by 0640 GMT, the highest since June 8, having settled up more than 3 at 94.07 in the previous session, just shy of a sixweek high. U.S. West Texas Intermediate crude climbed 1.59, or 1.8, to 88.42, after Wednesday39;s rise of 3. Iran39;s Revolutionary Guards said an oil tanker caught fire after an explosion while attempting to follow a route they described as mined, in the southern area of the Strait of Hormuz near the coast of Oman, while two others had turned back. In a statement the Guards said the strait was under their control and completely closed while U.S. actions continued in the region, warning that no tanker would be allowed to enter or leave without coordination with Iran. Besides the renewed conflict over control of the key waterway, the Iranaligned Houthis have opened a new front by targetting vessels carrying Saudi oil in the Bab elMandeb strait and trying to impose a naval blockade of Saudi Arabia. Oil prices are facing a rare risk from... https://www.gurutrade.com/news/oil-rises-5th-day-on-supply-concerns-amid-chokepoint-threats-1784791438.html Thu, 23 Jul 2026 09:50:49 +0300 https://www.gurutrade.com/news/oil-hits-near-6-week-highs-on-new-mideast-supply-risks-1784707674.html SINGAPORE, July 22 Reuters Oil prices extended gains to trade near sixweek highs on Wednesday as fears of further supply disruptions intensified after U.S. forces struck Iranian military targets for the 11th straight night, while oil tankers made Uturns in the Red Sea after warnings by Iranbacked Houthi militia. Brent crude futures rose 1.84, or 2.0, to 92.85 a barrel at 0630 GMT, the highest since June 11. U.S. West Texas Intermediate crude climbed 1.67, or 2, to 86.01, its highest since June 12. The gains came after oil settled at a fiveweek high on Tuesday in the wake of U.S. forces striking targets in southern and western Iran, while Iran attacked U.S. facilities in Bahrain, Kuwait and Jordan. The U.S. military said it began its latest strikes on Iran late on Tuesday in the United States, or early Wednesday in Iran. The U.S. attacks came a short while after the Kuwaiti army said its air defences were intercepting Iranian drones on Wednesday. The constant trading of strikes has raised fears of further disruptions to global energy supplies after Yemen39;s Iranaligned Houthis opened a new front in the Iran war by threatening to target vessels carrying Saudi oil in the Bab elMandeb Strait and announcing a naval blockade of Saudi Arabia. The Bab elMandeb waterway at the southern entrance to the Red Sea has become an increasingly important route for Saudi Arabian crude exports as traffic through the Strait of Hormuz has fallen sharply since a ceasefire between the... https://www.gurutrade.com/news/oil-hits-near-6-week-highs-on-new-mideast-supply-risks-1784707674.html Wed, 22 Jul 2026 10:00:48 +0300 https://www.gurutrade.com/news/oil-hits-5-week-high-on-us-iran-clashes-houthi-threat-1784652527.html Two tankers carrying Saudi crude to Asia reversed course in the Red Sea Tehran struck U.S. sites in Bahrain, Kuwait and Jordan as conflict widened JODI data showed Saudi crude exports fell for a third straight month in May NEW YORK, July 21 Reuters Oil prices climbed about 2 on Tuesday to a fiveweek high, on worries that energy supply disruptions could worsen in the Middle East due to more attacks between the U.S. and Iran and a threatened naval blockade of Saudi Arabia by Yemen39;s Houthis. Brent futures rose 2.12, or 2.4, to 91.34 a barrel at 1053 a.m. EDT 1453 GMT. U.S. West Texas Intermediate crude rose 1.80, or 2.2, to 85.03. Brent was on track for its highest close since June 10, WTI for its highest since June 11. Brent was in technically overbought territory for a seventh day in a row. Two oil tankers carrying Saudi crude to Asia reversed course in the Red Sea on Tuesday after threats from Yemen39;s Iranaligned Houthis. U.S. forces bombed targets in the south and west of Iran overnight, Tehran targeted U.S. sites in Bahrain, Kuwait and Jordan and at least one tanker was hit in the Strait of Hormuz. The optimist may see the latest American attacks as a last attempt to strengthen the negotiating position before a compromise is reached and the Strait of Hormuz is reopened, an SEB Research note said. However, the risk is a more prolonged stalemate, with continued uncertain energy flows, higher oil prices and recurring attacks. Two oil tankers carrying Saudi... https://www.gurutrade.com/news/oil-hits-5-week-high-on-us-iran-clashes-houthi-threat-1784652527.html Tue, 21 Jul 2026 06:50:14 +0300 https://www.gurutrade.com/news/oil-rises-on-us-iran-tensions-red-sea-closure-threat-1784286791.html Strait of Hormuz flows have slowed after last month39;s truce collapsed Iran pressed Houthis to disrupt Red Sea shipping if U.S. hits power sites IEA chief Fatih Birol warns that oil security risks could worsen within weeks LONDON, July 17 Reuters Oil prices rose by about 2 on Friday after the U.S. and Iran stepped up attacks across the Gulf, with shipping threatened by a potential Red Sea closure on top of the restricted traffic through the Strait of Hormuz. Brent crude futures rose by 1.53, or 1.82, to 85.76 a barrel by 0951 GMT. U.S. West Texas Intermediate futures gained 1.69, or 2.14, to 80.64. Both benchmarks have climbed nearly 13 this week, with Brent on track for a third consecutive weekly gain and WTI set for its second. The broken truce between the U.S. and Iran has resulted in a drop in oil flows out of the strait. Iran, meanwhile, has pressed the Houthi movement to close the Red Sea route if the U.S. strikes Iran39;s power infrastructure. Transit through the Red Sea has increased significantly since the start of the Iran war because of rerouted Saudi oil exports away from Hormuz, Commerzbank analysts wrote. Should a blockade of the Strait of Bab alMandab occur in the wake of further escalation, the price of oil in particular is likely to rise further, they wrote. Iran said it launched fresh strikes on U.S. facilities in the Middle East on Friday, including the first direct attack in Syria, after a sixth straight night of U.S. strikes on Iranian... https://www.gurutrade.com/news/oil-rises-on-us-iran-tensions-red-sea-closure-threat-1784286791.html Fri, 17 Jul 2026 01:50:11 +0300 https://www.gurutrade.com/news/oil-eases-as-traders-lock-in-gains-assess-iran-escalation-1784186740.html Prices turn down on profit taking, trader caution but geopolitical risks remain US reimposed naval blockade on Iran, limiting vessel transit Goldman Sachs says Q4 Brent price could range from 60s to over 110 depending on Gulf recovery TOKYOBEIJING, July 16 Reuters Oil prices turned lower on Thursday as traders took profits while assessing the risks from a new wave of U.S. strikes on Iranian military installations that stoked fears of renewed fullscale conflict and supply disruptions in the Strait of Hormuz. The U.S. struck Iran39;s coastal defences and missile sites on Wednesday after reimposing a naval blockade of its ports, while Tehran threatened to shut off more regional energy exports, saying it was engaged in an existential war with America. After initially rising for a fourth straight session, Brent crude futures slipped 44 cents, or 0.52, to 84.51 a barrel as of 0605 GMT, while U.S. West Texas Intermediate futures were down 23 cents, or 0.29, to 79.37 a barrel. Brent had gained almost 1 earlier in the session and both contracts remained close to onemonth highs. Geopolitical risks remain firmly supportive for oil, but after a strong rally, traders are adopting a waitandwatch approach, Phillip Nova senior market analyst Priyanka Sachdeva said. The focus has shifted from the threat itself to whether there is any tangible disruption to oil flows and how both the U.S. and Iran choose to respond in the coming days. Oil prices have gained this week as attacks... https://www.gurutrade.com/news/oil-eases-as-traders-lock-in-gains-assess-iran-escalation-1784186740.html Thu, 16 Jul 2026 10:10:41 +0300