Brent Crude Rebounds Above $104 as Iran War Disrupts Global Supply
Brent crude climbed above $104 per barrel Tuesday as Iran attacks on energy infrastructure fueled fresh supply concerns globally.
WTI Climbs Above $98 as Iran Hits Energy Infrastructure; India Negotiates Hormuz Passage for Six Tankers
WTI crude rose above $98 on Tuesday as Iran escalated attacks on Gulf energy infrastructure while India secured transit talks for six tankers.
WTI Crude Rises Back to $95 as Supply Fears Persist Despite Hormuz Transit Relief
WTI crude futures rose to around $95/barrel on Tuesday after losing more than 5% Monday, as investors weighed easing Hormuz fears against supply concerns.
US Allows Iranian Tankers to Transit the Strait of Hormuz
US Treasury Secretary Bessent confirms Iranian oil tankers are transiting the Strait of Hormuz, pushing crude prices back toward $95 a barrel.
IEA Launches Historic Oil Reserve Release as Middle East Conflict Disrupts Hormuz, Causing Global Energy Crisis
IEA releases record oil reserves as Middle East war disrupts Hormuz, causing global oil and LNG shortages and extreme market volatility.
Trump Presses G7 to Form Hormuz Coalition as US Enters Direct Iran Talks
Trump pressed G7 leaders to help reopen the Strait of Hormuz and confirmed the US is in direct talks with Iran, boosting European markets.
US Gasoline Prices Surge 24% Since Iran War Began, Average $3.70 Per Gallon
US gasoline prices have surged 24% since the Iran war began to $3.70 per gallon as the Energy Secretary warns of sustained high costs ahead.
Oil Jolted by Kharg Attack as WTI Surges to $102.4 Per Barrel
WTI crude surged to $102.4 per barrel Monday after US forces struck Kharg Island, Iran's main oil export hub, escalating the Middle East conflict.
Japan Taps 80 Million Barrels of Strategic Oil Reserves to Counter Iran War Shock
Japan begins drawing down 80 million barrels from its strategic petroleum reserves as the Iran war drives Brent crude past $100 per barrel.
IEA Coordinates Release of Over 400 Million Barrels to Counter Iran War Oil Shock
IEA: Over 400M barrels from strategic reserves to flow to global markets, countering the Strait of Hormuz supply shock from the Iran – GCC war.
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