(World Oil) – The U.S. carried out strikes near Iran’s Kharg Island early Tuesday, targeting military sites while avoiding key oil export infrastructure, as tensions in the region continue to inject volatility into global energy markets. U.S. forces hit bunkers, radar systems and ammunition storage facilities on the island, according to reports, in a renewed round of attacks similar to
(By Oil & Gas 360)- Global oil markets are no longer reacting to supply and demand; they are reacting to deadlines. With President Donald Trump declaring a final Tuesday deadline for Iran to strike a deal, tensions have entered a more binary phase: agreement or escalation. The ultimatum has raised the stakes not just diplomatically, but economically, as markets weigh
(Investing) – WASHINGTON – The United States has done the lion’s share of the work in making Iran less of a threat and other countries now need to step up to reopen the critical Strait of Hormuz waterway, Defense Secretary Pete Hegseth said on Tuesday. Hegseth cited President Donald Trump’s early morning exhortation to other countries to loosen Iran’s stranglehold on
(World Oil) – The third day of CERAWeek by S&P Global 2026 started off Wednesday with a fascinating, wide-ranging discussion conducted with U.S. Secretary of the Interior Doug Burgum by interviewer Dan Yergin, Chairman of CERAWeek and Vice Chairman of S&P Global. Given an opportunity from Yergin at the session’s start to frame the discussion, Burgum emphasized the important role that the
(By Oil & Gas 360) – Global oil markets are being reshaped in real time as geopolitical disruptions and shifting sanctions policies force buyers and producers to rethink long-established trade patterns. A recent U.S. waiver allowing limited purchases of Russian crude has helped keep some barrels moving into the global system, particularly into Asia. The move was designed as a short-term
(Oil Price) – Iran’s oil exports have not collapsed and are fetching much higher prices than before the war, handing Tehran handsome extra revenues from its crude, which is the only one unimpeded from transiting the Strait of Hormuz. Unlike all other Gulf producers, Iran is passing its oil through the Strait of Hormuz and its export volumes remain resilient. Steady
(Investing) – BlackRock CEO Larry Fink warned that oil prices could climb to $150 per barrel and trigger a global recession if Iran continues to pose a threat to regional stability after the current conflict ends. Fink told BBC’s Big Boss Interview podcast published on Wednesday that sustained threats to trade and the Strait of Hormuz could keep oil prices above $100 and
(Investing) – Oil prices fell on Wednesday, with Brent crude oscillating around $100 a barrel, as Middle East strikes continued despite talks of de-escalation in the almost month-old conflict between joint U.S.-Israeli forces and Iran. As of 10:37 ET (14:37 GMT), Brent oil futures expiring in May fell 3.9% to $100.41 per barrel, while U.S. West Texas Intermediate (WTI) crude futures declined 3.5%
(Investing) – Oil prices climbed over 2% in European trade on Tuesday after Iran denied that negotiations with the U.S. had taken place since the beginning of the war, contradicting President Donald Trump’s claims. The futures contract expiring in May for Brent crude, the global oil benchmark, rose 2.7% to $102.62 per barrel by 10:07 ET (14:07 GMT), while U.S. West Texas Intermediate
(By Oil & Gas 360) – Global energy markets are sending mixed signals as war-driven disruptions collide with sudden diplomatic momentum, leaving oil and gas prices caught between physical shortages and shifting expectations. LNG supply has taken a direct hit. Export volumes have fallen to multi-month lows as conflict in the Middle East disrupts flows through the Strait of Hormuz,
(Investing) – HOUSTON- Global oil prices have not climbed enough to cause demand destruction, U.S. Energy Secretary Chris Wright said on Monday at the CERAWeek energy conference in Houston, Texas, even as markets continued to gyrate and global oil prices remained near $100 a barrel due to the U.S.-Israeli war on Iran. The world is enduring one of the worst energy
(Investing) – Oil prices oscillated around the flatline on Friday, after U.S. officials said Washington may soon lift sanctions on Iranian oil already at sea, freeing up more supplies. Hopes for some de-escalation in the U.S.-Israel war on Iran had earlier weighed on crude. Helping underpin the sentiment were U.S. calls for Israel to hold off on future attacks against Iran’s
