Brent Crossed $100 as Iran Rejected the Ceasefire and Trump Weighed a Bigger War
Brent hit $100 for the first time since May before easing Friday, as Iran rejected a US ceasefire and Trump weighed a bigger attack. Kharg still stands.
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Oil Neared $98 as the Houthis Struck Their First Saudi Tanker
Brent ran toward $98 and WTI past $90 as the Houthis struck their first Saudi tanker, turning the Red Sea blockade from a threat into a second open chokepoint.
Oil Hit a Six-Week High as Trump Threatened a Bridge for Every Ship Attacked
Brent touched $95 and settled near $93.88, up 3.1%, a six-week high, as an 11th night of strikes and a new Trump threat overwhelmed a bearish EIA crude build.
Oil Broke $91 as the Ceasefire Stalled and the Safe Corridor Failed
Brent broke $91 and held it as the 10-day ceasefire stalled and two tankers were hit inside the corridor Washington set up as the safe route through Hormuz.
Oil Touched $91 and Gave It Back as a Ceasefire Offer Reached Tehran
Brent hit a five-week high of $91.42 on Monday, then surrendered nearly all of it as a 10-day ceasefire proposal reached Tehran. Kuwait's oil took real damage and Kharg still stands.
Brent Crude Oil Price Outlook for 2026
Where Brent crude is heading through 2026: the war-premium round trip, a second chokepoint, and the Kharg tail risk that could break prices either way.
Oil Is Set for Its Best Week Since April as the War Spreads Beyond Iran
Brent held around $86 and WTI near $80 on Friday, both up more than 11% on the week, their best since April, as the US-Iran war spread to Iraqi oil infrastructure and a Red Sea threat. Hormuz transit collapsed 62%. The two pivots, a strike on Kharg or a ceasefire, still have not fired.
The War Widened Everywhere but Kharg, and Oil Barely Moved
Brent held near $85 on Thursday, a fourth straight daily gain, even as the US disabled a tanker near Kharg with missiles, bombed Iran for a sixth day, and Iran struck US bases in three Arab states. The one thing that would break the price higher, a hit on Kharg's oil terminal, still has not happened.
Oil Held Near $85 as the US Kept Striking Iran but Kept Sparing Its Oil
Brent hovered around $85 on Wednesday, consolidating after the surge, as the US bombed Iran for a fifth straight day but deliberately avoided Kharg Island's oil facilities. Trump called them a chunk of the world economy. A cooler US inflation print and a weak inventory draw leaned against the war premium.
Oil Surged to $86 After Iran Killed a Tanker Crewman and Trump Moved to Toll the Strait
Brent jumped above $86 and WTI topped $80 on Tuesday, one-month highs and up more than 10% for the week, after Iran hit two UAE tankers in Hormuz, killing a crewman, and Trump reinstated a blockade and demanded a 20% toll on all cargo through the strait. The premium broke higher, but Kharg Island still stands.
The Calm Didn't Survive the Weekend. Oil Jumped to $79 as Iran Declared Hormuz Closed.
Brent leapt more than 4% to nearly $79 on Monday, its highest since June 22, after a third straight weekend of US-Iran strikes, Iran declaring the Strait of Hormuz closed, and the first hit on energy infrastructure in weeks. The war premium is climbing back, but Kharg still stands and the glut still caps it.
The Fighting Got Worse and Oil Fell Anyway. The War Premium Is Deflating.
Oil slipped to about $76 on Friday even after the most intense US-Iran exchange in a month, because no strike hit Iran's oil terminals, the glut held, and mediators pushed both sides back toward talks. The premium is not just contained now. It is leaking out.
Oil Stopped Climbing at $78. Now the Market Is Waiting to See If Hormuz Really Closes.
A day after the US and Iran traded strikes, oil held near $78 instead of extending its jump. Trump threatened a blockade and strikes on Iran's Kharg Island export terminal, but the market is pricing wait-and-see, not a sustained Hormuz closure.
The US and Iran Are Trading Strikes Again. Brent Jumped to $78, and the Ceasefire Is Over.
The US struck more than 80 Iranian targets overnight after Tuesday's tanker attacks, Iran vowed a crushing response, and Trump declared the ceasefire over. Brent leapt about 6% to $78 and WTI to $74, but even a return to direct combat left oil far below its spring war highs.
Tankers Struck in Hormuz Again. Oil Bounced 2%, and the Talks Stalled.
The week-long stand-down broke overnight when a Qatari LNG carrier and a Saudi tanker were hit in the Strait of Hormuz. Oil rose about 2% off its four-month low, a fraction of a real war premium, while Iran tied the nuclear talks to Trump's threat to "finish the job."
OPEC+ Hiked for a Fifth Month. The Louder Signal: Saudi Oil Is Now Selling at a Discount.
OPEC+ approved the expected 188,000 bpd increase for August on Sunday and oil barely moved. The sharper news came from Aramco, which cut its flagship crude to Asia by $11, to a discount for the first time since the 2020 price war. Riyadh is fighting for the buyers it lost during the blockade.
Gas Is 50 Cents Cheaper for July 4. Oil Sits at Four-Month Lows. OPEC+ Decides Sunday.
AAA puts the national gasoline average at $3.83 for the July 4 weekend, down nearly 50 cents from the wartime peak but still the priciest Fourth since 2022. A weak jobs report lifted rate-cut odds and oil snapped its losing streak, and OPEC+ meets Sunday with sources pointing to another output hike.
Oil Hit a Four-Month Low. Now OPEC+ Has to Decide Whether to Add More.
WTI fell below $68 on Thursday, its lowest since late February, as the Strait of Hormuz reopening floods the market with returning supply. A bullish EIA crude draw couldn't stop the slide because gasoline and distillate built. OPEC+ meets Saturday to set August output into a glut, and the June jobs report lands today.
Oil Posted Its Worst Quarter Since 2020. The Entire Hormuz War Fit Inside It.
Brent and WTI closed the second quarter down roughly 24%, the steepest quarterly fall since the 2020 pandemic crash. The Strait of Hormuz closed, oil spiked above $110, a deal was signed, and the whole war premium unwound, all between April and June. Here is how the quarter that started in crisis ended in a glut.
The US Struck Iran. Iran Hit the Gulf. Oil Bounced a Dollar.
A second tanker was droned, the US bombed 10 Iranian military targets, and Iran fired missiles at Bahrain and Kuwait over the weekend, the first direct US-Iran exchange since the deal was signed. Both sides stood down by Sunday. Oil rose only about a dollar, with Brent sitting barely above its pre-war level.
Iran Struck a Tanker in Hormuz. Oil Bounced for a Day, Then Made a Fresh Low.
An IRGC drone hit a container ship in the Strait of Hormuz on Thursday, the first attack on a vessel since the deal was signed. Oil rose about 3% on the news, then erased the entire bounce on Friday, with WTI sliding back below $70 to a fresh post-crisis low as Gulf producers ramped exports.
Oil Is Back Where the War Started. WTI Broke $70, and a Bullish Draw Couldn't Stop It.
WTI fell below $70 to its lowest since late February, fully unwinding the war premium it built during the Strait of Hormuz crisis. A bigger-than-expected EIA crude draw on Wednesday couldn't slow the slide. Banks are racing to cut forecasts, and the inspections dispute hardened into a sequencing fight.
Trump Says Iran Agreed to Inspections. Tehran Denies It. Oil Hits a Three-Month Low.
One day into the 60-day road map, the US and Iran are publicly contradicting each other on its hardest term. Trump and Vance say Iran agreed to high-level IAEA inspections; Tehran says detailed nuclear talks have not begun. Washington licensed Iran to sell oil for 60 days, and crude slid to its lowest in three months.
Iran Declared Hormuz Closed Again. Oil Fell Anyway.
Iran's military re-declared the Strait of Hormuz closed on Saturday over Israel's strikes in Lebanon. Tankers kept sailing, the US-Iran talks went ahead and produced a 60-day road map to a final deal, and oil fell on the diplomacy rather than rising on the threat. The market no longer believes the closure card.
Saudi Supertankers Cross Hormuz. The Nuclear Talks Slip. Oil Holds Its Floor.
Three Saudi supertankers crossed the Strait of Hormuz and roughly 12 million barrels moved overnight, the clearest sign yet the blockade is lifting. But the first nuclear talks were postponed over Lebanon, Khamenei gave a grudging public yes, and the signed text shows the toll-free passage lasts only 60 days. Oil held near multi-month lows.
Trump Signed the Iran Deal at Versailles. Oil Broke Its Floor. The Strait Is Still Shut.
Trump and Pezeshkian signed the Iran framework electronically at Versailles on Wednesday, two days early, cancelling Friday's Geneva ceremony. Oil broke its floor to multi-month lows, WTI below $75 and Brent below $78. The strait is still closed and no barrels are moving.
Oil Found Its Floor. Trump Calls the Deal 'A Little Conceptual.' The Market Waits for Friday.
After Monday's plunge wiped out the war premium, oil stopped falling. WTI held in the high $70s and Brent in the low $80s, roughly flat. Trump downgraded the Iran deal to "a very strong memorandum of understanding, a little conceptual." The strait is still closed, the signing is still Friday, and the market is now waiting.
Trump Declared the War Over and Ordered Hormuz Open. The Strait Is Still Closed.
Trump declared the Iran deal "complete" and authorized a toll-free reopening of the Strait of Hormuz and the removal of the US blockade. But nothing is signed until a Friday ceremony in Switzerland, the strait remains physically closed, and the two sides still dispute the terms. Brent fell to about $83 and WTI to about $80, the lowest since early March.
Trump Canceled the Strikes. A Peace Text Is Agreed. Oil Craters to Eight-Week Lows.
Hours after threatening to hit Iran "very hard tonight," Trump canceled the strikes and announced "a great settlement." Pakistan says a final agreed text of the peace deal is done. Brent fell 4 to 5 percent toward $87-90 and WTI to the mid-$80s, eight-week lows. Iran has not signed, and the two sides already dispute what the text says.
The Ceasefire Collapsed. Trump Threatened to Seize Kharg Island. Oil Barely Moved.
The US struck Iran on two consecutive days, Iran retaliated against US bases in Bahrain, Kuwait, and Jordan, and Tehran formally re-closed Hormuz with a shoot-on-sight warning. Trump threatened to seize Kharg Island and take control of Iran's oil markets. WTI held near $90 and Brent near $93. The muted reaction is the story.
Oil Rebounded From Its Low Even as Inventories Disappointed. The Reopening Looks Like a False Dawn.
US crude inventories drew just 3 million barrels last week against an 8 million forecast, a bearish miss. Oil rose anyway. WTI climbed to about $90 and Brent to about $93, bouncing off Tuesday's seven-week low, because Hormuz is still running at roughly 5% of normal and the Lebanon-anchored truce is fragile.
Oil Drops 4% to Seven-Week Lows as Hormuz Traffic Climbs. The Surplus Fear Arrives.
US Energy Secretary Chris Wright said Strait of Hormuz ship traffic is "rising very meaningfully." Iran and Israel halted attacks, Trump said a deal is two to three days away, and China imports hit eight-year lows. Brent fell to about $91 and WTI to $88, the lowest since April. The shortage-to-surplus flip has started.
OPEC+ Raised Output Again Into a Strait It Cannot Ship Through. Oil Rose Anyway.
OPEC+ approved a fourth straight production increase Sunday, adding 188,000 barrels a day for July, even though the Hormuz closure keeps Saudi Arabia pumping 3 million barrels a day below quota. The deal remains unsigned. Brent traded in the mid-$90s. Analysts warn the paper barrels become a glut the moment the strait reopens.
A Strike on Oman Hits the One Route Around Hormuz. OPEC+ Meets Sunday Into a War It Cannot Fix.
A drone hit Oman's Mina al-Fahal terminal Friday, the export hub that was the market's workaround to the closed Strait of Hormuz. Brent firmed to around $94-95 after a midweek pullback. OPEC+ meets Sunday and is expected to raise quotas again, even as the closure keeps Saudi output 3 million barrels a day below its existing quota.
Iran Strikes Kuwait Airport and Bahrain. Oil Jumps Back Toward $100.
Iran fired roughly 30 missiles and drones at Gulf states at dawn Wednesday, killing one and injuring more than 60 at Kuwait's main airport, after the US struck Qeshm Island. Brent climbed back toward $100 and WTI above $95, reinforced by an 8-million-barrel US crude draw. The desensitized market finally repriced.
Iran Walked Away From the Table. Trump Said 'I Don't Care.' Oil Fell Anyway.
Iran suspended the indirect nuclear talks over Israel's escalation in Lebanon. Trump said "I don't care" if they are over, then claimed on Truth Social they continue "at a rapid pace." Oil fell, with Brent at $93.80 and WTI at $91, as a Lebanon ceasefire and Trump's de-escalation signals outweighed the broken talks.
The Deal Stalled. The US and Iran Traded Fire. Oil Snaps Back to $94.
The tentative ceasefire deal went unsigned over the weekend. Iran downed a US drone, the US bombed Iranian sites at Geruk and Qeshm Island, and a US base in Kuwait came under fire. Brent rebounded 3.3% to $94.15, WTI to $90.63, reversing part of last week's 20% collapse.
Oil Collapses to $92 on a Deal That Isn't Signed. Iran Was Still Firing in Hormuz.
Negotiators reached a tentative 60-day ceasefire deal Thursday, but it sits unsigned on Trump's desk and Iran has not confirmed it. Brent fell to $92.50, WTI to $87.40 — the steepest weekly drop since April. Iran fired warning shots at four vessels in Hormuz the same day.
US Strikes Inside Iran. Oil Falls Anyway. Brent Settles at $99, WTI at $93.
CENTCOM hit IRGC mine-laying boats and a SAM site near Bandar Abbas on Monday night — the first US kinetic action inside Iran during the ceasefire. Four Revolutionary Guard killed. Brent briefly touched $100, then settled near $99.18. WTI at $93.12. The market is reading limited escalation as net-bearish.
33 Tankers Cross Hormuz in 24 Hours. WTI Falls to $96. Trump Says Deal 'Largely Negotiated.'
Vessel traffic through the Strait of Hormuz jumped from three tankers Thursday to 33 in 24 hours under Iran's new permit regime. Pakistan's army chief returned from Tehran calling progress "highly productive." WTI fell to $96.60. Brent dropped to $103.54. Trump told negotiators not to rush.
Three Tankers Cross Hormuz Under Iran's New Permit Regime. WTI Settles Below $100.
Satellite data shows three supertankers transited the Strait of Hormuz Thursday — the first partial restoration of flow since February. They moved under Iran's newly formalized Persian Gulf Strait Authority permits. WTI settled below $100 for the first time in a week. Brent rebounded to $105.80.
Trump's 48 Hours Expire. No Deal, No Strike. UAE Says Barakah Drones Came From Iraq.
The Gulf allies' window for an Iran deal closed without breakthrough. Iran's president called dialogue "not surrender." Trump now says he may have to "give them another big hit." The UAE confirmed the drones that struck Barakah came from Iraqi territory. Brent settled at $111.28.
Trump Called Off the Iran Strike. Gulf Allies Asked for 48 Hours. Brent Falls to $110.
Trump says he cancelled a planned large-scale attack on Iran after Saudi Arabia, Qatar, and the UAE asked him to wait 2-3 days. They believe a deal is close. Brent dropped from $111 to $110. The military option stays live.
Drone Strikes UAE Nuclear Plant. Brent Spikes to $111. Trump Sets Ultimatum.
An Iranian drone struck the outer perimeter of the UAE's Barakah nuclear power plant Saturday. No radiation release. Brent hit $111 before pulling back. Trump warned Iran "there won't be anything left." A Situation Room meeting on military options is set for May 19.
Iran Seizes a Ship and Sinks Another as Trump and Xi Sign Hormuz Communique. Brent Hits $108.
The US-China summit ended with a nine-point joint document that for the first time puts Hormuz language in writing from Beijing. Iran's response was to board a vessel near Fujairah and sink an Indian-flagged cargo ship. Brent rose 2% to $108.
Trump and Xi Agreed Hormuz Must Stay Open. China's Readout Didn't Mention Hormuz.
The White House said Trump and Xi agreed the Strait of Hormuz must remain open to energy flows. Chinese state media omitted Hormuz from its summit summary entirely. Brent held at $105, unmoved.
Trump Lands in Beijing Saying He Doesn't Need Xi's Help on Iran. OPEC Data Says Otherwise.
Trump arrived in Beijing with Musk, Cook, and Huang and downplayed China's role in the Iran crisis. OPEC's monthly report showed April production fell 1.74 million bpd to its lowest level in decades as the Hormuz blockade compounds.
WTI Crosses $100. US Blocks Greek Tanker. China Defies Sanctions.
WTI topped $100 and Brent hit $107 as the US Navy turned back a non-Iranian tanker at the Hormuz blockade line for the first time. China ordered firms to ignore new US sanctions on Iranian oil buyers.
US Releases 53 Million Barrels from SPR. Markets Wait on Trump-Xi.
The Trump administration announced a 53.3 million barrel SPR loan with a first shipment heading to Turkey. Brent eased to $105 from yesterday's $107 spike as markets hold ahead of the May 14 Beijing summit.
Trump Rejects Iran's Counteroffer. Brent Jumps Above $104.
Trump called Iran's formal response to the US framework "totally unacceptable." Iran said it would "never bow." Brent surged above $104 as fourth-round talks in Oman wrapped with no deal.
US and Iran Trade Direct Fire in Hormuz. Brent Climbs Back Above $100.
Iranian missiles, drones, and fast-attack boats targeted three US destroyers in the Strait of Hormuz Thursday. US forces struck back. No ships were damaged. Brent reversed three days of losses to trade above $101.
Oil Fell 13% This Week. Gas Prices Rose Anyway. Here Is Why.
Brent crude dropped from $111 to $97 in five trading days. The national average gas price rose to $4.53 per gallon. Both numbers are accurate. Here is the timeline for when the oil crash reaches the pump.
Brent Breaks $100 as Trump Pauses Hormuz Escort and Iran Deal Nears
Brent crude fell 9% to $99.64 Wednesday, its lowest since before the crisis, after Trump suspended Project Freedom and officials said the US and Iran are closing in on a one-page deal framework.
Iran Has Attacked US Forces 10 Times Since the Ceasefire. The Ceasefire Is Still On.
Pentagon officials disclosed Iran has attacked US forces more than 10 times since the April 8 ceasefire. No threshold for what constitutes a breach has been defined. Brent fell 2% on the word "ceasefire."
Two Ships Through, 800 Still Waiting: What Project Freedom Has Actually Done
CENTCOM confirmed two US-flagged ships transited Hormuz Monday under destroyer escort. About 800 vessels remain stranded. Iran's demand has not changed.
Gas Is $4.45. Diesel Is $5.64. The Summer Driving Season Hasn't Started Yet.
The national gas average hit $4.45 per gallon this week, up $1.28 from a year ago. Diesel is at $5.64. Gasoline stocks have fallen for 11 straight weeks. Summer demand is still ahead.
Project Freedom Launches. Iran Fires Back Within Hours.
The US military began escorting stranded commercial vessels through the Strait of Hormuz at dawn Monday. Two ships made it through. Iran fired warning shots and launched missiles and drones in response. Brent hit $115.
Iran Strikes Fujairah. The Last Gulf Oil Bypass Route Is Now a Target.
An Iranian drone hit the Fujairah Oil Industry Zone this morning, igniting a fire at the UAE's only Hormuz bypass terminal. Brent jumped to $115. Iran's IRGC released a map claiming control over the area.
The 60-Day Clock Runs Out Today. Trump Says the Ceasefire Stopped It.
Today is day 60 under the War Powers Resolution. Trump's lawyers say the ceasefire stopped the clock. Democrats say that reading guts the law.
Brent Touched $126. Then Ceasefire Optimism Pulled It Back to $110.
Brent hit $126 on Tuesday after Trump confirmed the blockade stays until Iran agrees to nuclear terms. By Thursday it was back near $110. The $16 swing is the largest since the crisis began.
Trump Says 'No More Mr. Nice Guy.' Aides Told to Plan for Extended Blockade.
Trump posted an AI image of himself with a rifle on Truth Social, warning Iran to "get smart soon." His aides have been told to prepare for a prolonged blockade. Brent held near $111.
UAE Quits OPEC After 60 Years. The Hormuz Crisis Was the Breaking Point.
The UAE announced it will leave OPEC effective May 1, ending nearly six decades of membership. Iran's war, Russian backing for Tehran, and long-running quota frustration drove the exit.
First LNG Tanker Tracked Through Hormuz Since the War Began
Three ship-tracking services detected ADNOC's Mubaraz off India's west coast Tuesday, suggesting a Hormuz transit. No official confirmation. Analysts are cautious.
Iran Offers Hormuz Deal. Trump Won't Budge on Nuclear Terms. Brent Hits $112.
Iran proposed reopening Hormuz in exchange for lifting the US naval blockade, with nuclear talks deferred. Trump is unlikely to accept. Brent rose to $112.40.
Araghchi Flies to Moscow. Putin Backs Iran. Brent Closes in on $108.
After the Pakistan talks failed, Araghchi met Putin in St. Petersburg. Putin pledged support. Brent rose to $107.97. Trump said Iran can just call.
Pakistan Talks Collapse. Brent Holds $105 as Trump's Ultimatum Runs Out.
Araghchi left Islamabad before US envoys arrived. Trump cancelled Witkoff and Kushner's flight. The one active diplomatic track is gone, and the 3-to-5-day ultimatum expires today.
Trump Orders Navy to Shoot Mine-Laying Boats. Brent Hits $106.
Trump ordered the US Navy to shoot Iranian mine-laying boats and tripled minesweeper operations. Brent hit $106.80. Even a diplomatic deal now has a physical delay baked in.
Brent at $103 as Iran and the US Trade Ship Seizures. An Off-Ramp Exists.
Iran seized two container ships and fired on a third. The US seized another tanker. Brent hit $103. And for the first time, a credible diplomatic framework for breaking the deadlock appeared publicly.
Ceasefire Extended, Blockade Stays. Brent Touched $100.
Trump extended the ceasefire hours before it expired but kept the naval blockade in place. Brent briefly hit $100 before pulling back. No talks are scheduled. Nothing is resolved.
USS Spruance Seizes Iranian Freighter; Talks Off; Ceasefire Expires Tomorrow
The US Navy fired into the engine room of the Iranian container ship Touska and Marines boarded her. Iran called it piracy, walked out of talks, and vowed retaliation. Brent is near $99.
Iran Re-Closes Hormuz After Tanker Incident; Last-Ditch Talks Open Monday
Three days after declaring the strait open, Iran fired on a tanker and shut Hormuz again. WTI bounced from $83 to $93. Talks resume in Islamabad tomorrow with 48 hours left on the ceasefire.
Oil Swings $12 in a Single Day as Iran Claims Hormuz Is Open
WTI hit $95 on a massive inventory draw, then crashed to $83 after Iran declared the Strait of Hormuz completely open. The ceasefire expires in five days.
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.
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
Hormuz carries a fifth of the world's seaborne oil. The 2026 crisis went from a $126 spike to a ceasefire and back to war, with Brent near $98. The full arc and what moves prices now.
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
An updated WTI outlook after the July truce collapsed and crude climbed back above $80. Where shale, spare capacity, and the Kharg tail risk point for 2026.