The Market Is Pricing a Deal. No Deal Exists.
Trump called the Iran war "very close to over." Oil fell to $92. But the ceasefire expires in five days and the US has not formally agreed to extend it.
Oil Market News
Timely coverage of crude prices, OPEC decisions, and energy market developments.
The Blockade Is Live. So Are the Talks. Oil Sits at $97.
US warships are blockading Iranian ports while diplomats return to Islamabad. The market cannot price both outcomes at once — and that tension shows in the price.
Iran Targeted Saudi Arabia's Escape Route. Here's What That Means for Oil.
Attacks on Saudi oil facilities and the East-West pipeline cut 600,000 bpd of production capacity and struck the kingdom's main bypass around a closed Strait of Hormuz.
Oil at $95: What Happens Next After the Ceasefire
WTI has stabilized around $95 after the biggest one-day crash since 1991. Here is what the next two weeks will determine.
Ceasefire Triggers Biggest Oil Price Drop Since the Gulf War
A last-minute US-Iran ceasefire sent WTI plunging 18% to $92 — the sharpest one-day oil crash since 1991, outside of COVID. But the Strait of Hormuz is not fully open yet.
Iran Rejects Ceasefire Proposal as Trump's Final Deadline Arrives
Iran turned down a 45-day ceasefire framework hours before Trump's Tuesday 8 p.m. deadline, leaving oil markets paralyzed between a deal and escalation.
WTI Flips Above Brent for First Time as OPEC+ Warns of Long Recovery
WTI crude briefly topped $114 and flipped above Brent in a historic inversion, while OPEC+ made a symbolic output hike and warned war damage will take years to repair.
Trump's Iran Speech Sends Oil Up 13% as Gasoline Crosses $4
WTI surged 13% after Trump's April 1 address offered no exit plan for the Iran war, with U.S. gasoline crossing $4/gallon and the OPEC+ meeting just three days away.
WTI Tops $100 as Trump Threatens to Obliterate Iranian Oil Hub
WTI closed above $100 for the first time since 2022 as Trump threatened to destroy an Iranian oil facility, with Brent on track for its biggest monthly gain on record.
Oil Closes at a Four-Year High as Iran Rebuffs Direct Talks with Washington
WTI touched $100 and Brent hit $112 on Friday as Iran rejected direct U.S. negotiations, with Trump's April 6 deadline now the next flashpoint for energy markets.
Gasoline Prices Spring 2026: Supply Shock Meets Demand Doubt
U.S. pump prices are caught between a Hormuz-driven supply crunch and tariff-weakened demand forecasts. What drivers should expect this spring.
OPEC+ April 2026 Decision: What the Market Needs to Hear
OPEC+ faces its most consequential meeting in years as falling demand forecasts, the Hormuz crisis, and trade war uncertainty all land at once.
How Trump's 2026 Tariffs Are Hitting Oil Prices
Escalating U.S. tariffs are rippling through global energy markets in 2026, pressuring oil demand forecasts and adding new uncertainty for crude traders.
The Strait of Hormuz Crisis: Why One Waterway Can Shake the Entire Oil Market
The Strait of Hormuz carries roughly 20% of the world's seaborne oil. When it closes, even partially, the consequences ripple through every fuel price on earth. Here's what's happening and what it means.
Driving Season Is Coming. What It Means for Oil and Gas Prices
Every spring, refineries switch blends, demand picks up, and pump prices follow. Here's the seasonal pattern that plays out like clockwork, until it doesn't.
WTI Crude Oil Price Outlook for 2026
A look at the key factors driving WTI crude oil prices in 2026, including OPEC+ policy, U.S. shale production, and global demand trends.