Iran Archives - Oil & Gas 360

Oil climbs 4% after steep weekly loss as uncertainty over Hormuz reopening mounts

August 10, 2026

(Investing) – Oil prices advanced 4% on Monday following a steep weekly loss, after Iran ruled out direct talks with the U.S. and said a full reopening of the Strait of Hormuz would only be possible after Washington met certain conditions. Meanwhile, Iran-backed Houthi attacks on Saudi Arabian energy infrastructure exacerbated concerns over regional oil flows. At 12:32 ET (16:32 GMT), Brent

Proposed Hormuz deal would give Iran control of inbound traffic, sources say

August 5, 2026

(Investing) – DUBAI/RIYADH – A proposed deal between Iran and Oman to help end five months of war between Iran and the United States 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. There was no

Oil hovers around $91 after fresh U.S. attacks on Iran

July 30, 2026

(Investing) – Oil prices pared back earlier gains on Thursday, as investors weighed the impact of fresh U.S. strikes on Iranian targets and assessed data showing a drop in U.S. crude stockpiles. As of 06:10 ET (10:10 GMT), Brent crude futures, the global oil benchmark, had climbed 0.4% to $91.14 per barrel, while U.S. West Texas Intermediate (WTI) crude futures were slightly higher

Oil prices settle at lowest in over a week, as US pauses attacks on Iran

July 28, 2026

(BOE Report) – Oil prices fell on Monday, settling at their lowest levels in over a week, after the U.S. abruptly suspended a campaign of air strikes against Iran over the weekend, raising hopes of a diplomatic solution that would allow shipping to resume in the Strait of Hormuz. Brent crude futures fell $8.42, or 8.7%, to settle at $88.36

Oman proposes Hormuz management system with voluntary fees, source says

July 28, 2026

RIYADH – Oman has presented a proposal to Iran for joint regional management of the Strait of Hormuz with shipping firms paying voluntary fees, a Gulf source told Reuters on Tuesday. The Strait of Hormuz — which carried a fifth of global oil and liquefied natural gas before the Iran war — has become the main hurdle in peace talks and

Crude oil futures are pricing market adaptability, not hopeful Iran peace: Russell

July 27, 2026

(BOE Report) – One of the debates since the start of the Iran war has been whether crude oil futures are accurately reflecting the stresses in physical markets for both oil and refined products, or if they are blindly optimistic that peace is around the corner. The Iran war between the United States and Iran continues along its volatile

Physical oil prices jump to two-month highs amid supply disruptions

July 24, 2026

(Investing) – Physical crude oil prices in the Middle East, Europe and Africa rose this week to two-month highs, with some approaching $110 per barrel. Supply disruptions linked to conflicts in Iran and Ukraine left buyers searching for alternative sources. Dated Brent, the global oil price benchmark used to price over 60% of the world’s physical crude cargoes, reached $105.70 per

More Red Sea shipments disrupted as Rubio says Iran not serious about talks

July 22, 2026

(BOE Report) – U.S. Secretary of State Marco Rubio said on Wednesday that Iran is not serious about talks to end their war, as the widening conflict disrupted two of the world’s most critical energy chokepoints. Four tankers carrying Saudi crude to Asia reversed course in the Red Sea on Wednesday, a day after three others had done so, following

Oil prices heading for weekly surge as U.S., Iran exchange strikes

July 17, 2026

(Investing) – Oil prices advanced on Friday and were on track for sharp weekly gains, as escalating fighting between the United States and Iran kept traders focused on the risk of supply disruptions from the Middle East. As of 09:47 ET (13:47 GMT), Brent crude futures, the global oil benchmark, had risen 3.0% to $86.79 per barrel, while U.S. West Texas Intermediate (WTI)

Why Iranian, Houthi threats to Red Sea shipping matter more for oil now

July 15, 2026

(BOE Report) – Iran has warned that its campaign to throttle global energy markets could be expanded from the Strait of Hormuz to the vital Red Sea route if U.S. attacks continue, a threat that depends on its Houthi allies in Yemen. This is why it matters and what it means for the Iran war and the global energy crisis:

If diplomacy fails, energy markets face another reckoning

July 8, 2026

(By Oil & Gas 360) – Markets have become remarkably efficient at pricing today’s headlines, but what they struggle to price is tomorrow’s uncertainty. Following months of conflict, supply disruptions, and volatile oil prices, the prospect of an uneasy ceasefire between the United States and Iran has offered financial markets a measure of relief. Crude prices have eased from wartime highs,

Hormuz is Iran’s ultimate bargaining chip

July 1, 2026

(By Oil & Gas 360) – Oil fields can be bombed. Refineries can be repaired. Pipelines can be rerouted. The Strait of Hormuz is different. For decades, analysts have viewed Hormuz primarily as the world’s most important oil chokepoint, carrying roughly one-fifth of global oil trade and a significant share of liquefied natural gas exports. But recent events suggest Tehran

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