Oil prices declined Wednesday as US crude inventories unexpectedly surged 7.1 million barrels, offsetting a two-day rally, though Middle East supply disruptions and record-low Strait of Hormuz traffic limited losses.
Oil prices rose for a fourth consecutive day as investors navigated conflicting U.S. and Iranian signals about Strait of Hormuz access, with Brent crude climbing 0.5% to $91.44 and shipping through the critical chokepoint slowing significantly.
Oil prices remained volatile as stalled US-Iran diplomatic talks and slowed Hormuz shipping through weekend tanker attacks created uncertainty, with Brent crude rising 0.31 percent while analysts predicted prices would only surge significantly if major supply routes fully closed.
Oil prices remained steady as geopolitical tensions between the US and Iran escalated, with attacks on tankers in the Strait of Hormuz and fading peace negotiations supporting crude benchmarks around $82-$88 per barrel.
Oil prices fell over one percent as investors awaited outcomes of U.S.-Iran diplomatic talks regarding the blockaded Strait of Hormuz, with Brent crude dropping to $78.44 and both benchmarks declining over eleven percent weekly amid geopolitical uncertainties.
Oil prices surged nearly 3% to one-month highs as U.S.-Iran tensions escalated in the Strait of Hormuz, with American naval blockades and military strikes creating uncertainty over global energy supply flows.
Analysts warn that despite potential Iran-U.S. peace deal and Hormuz reopening, global oil inventories face critical depletion, with crude production unlikely rebounding immediately as world reserves approach historically low operational levels.
Trump's threats toward Iran over stalled negotiations triggered oil price gains Wednesday, with Brent crude rising 1.6% to $92.90 and US crude climbing 2% to $90 amid geopolitical tensions and reduced US inventory levels.
Oil prices dip as US-Iran talks weigh on markets
Oil prices plummeted over 11 percent after President Trump predicted Middle East de-escalation, with Brent crude falling $10.45 to $88.51 per barrel, easing supply disruption concerns despite ongoing regional tensions.
Oil prices stabilized near $100 per barrel Wednesday as investors awaited the Trump-Xi summit while monitoring Middle East tensions, with supply disruptions and declining inventories supporting prices amid sustained geopolitical uncertainty.
President Trump rejected Iran's peace proposal as "totally unacceptable," stalling negotiations over a decade-long conflict and causing oil prices to surge over four dollars per barrel, threatening global energy supplies through the critical Strait of Hormuz shipping route.
Oil prices fell 2% as Brent crude dropped $2.16 to $99.11 per barrel, driven by growing hopes that the US and Iran will reach a peace deal to reopen the strategically crucial Strait of Hormuz, through which one-fifth of global oil trades.
Iran's renewed attacks on UAE facilities halted oil loading at Fujairah and cut UAE crude output by over fifty percent, driving Brent and WTI crude prices up 2.6% and 2.7% respectively amid Strait of Hormuz disruptions affecting twenty percent of global oil trade.
Brent crude held near $114 per barrel amid escalating U.S.-Iran hostilities in the Strait of Hormuz, where the U.S. launched "Project Freedom" to reopen shipping corridors carrying roughly 20% of global daily oil demand.
U.S. gasoline prices reached four-year highs of $4.176 per gallon in late April amid ongoing Iran-Israel conflict and Strait of Hormuz closures, rising $1.19 since February attacks disrupted global oil supplies.
Oil prices climbed 2.1 percent to $110.55 per barrel as stalled US-Iran nuclear negotiations and Iran's closure of the Strait of Hormuz-which carries twenty percent of global oil supply-sustain supply disruptions and geopolitical tensions in energy markets.
Brent crude rose 2.1% after Trump administration rejected reviving Iran nuclear talks, prompting investors to scale back diplomatic breakthrough expectations amid heightened Middle East tensions and restricted oil flows.
Deteriorating U.S.-Iran diplomacy and reduced tanker traffic through the Strait of Hormuz pushed Brent crude to $89.20 and West Texas Intermediate to $82.83, with both benchmarks gaining over 5% following regional attacks and geopolitical tensions.
Tanker traffic through the Strait of Hormuz plummeted to five vessels Saturday versus thirty-one the prior weekend, sustaining elevated oil prices around eighty-eight dollars per barrel amid Iran tensions and regional attacks.
Yemen's Houthi rebels claimed attacking a Saudi oil tanker in the Red Sea, causing Brent crude to rise 1.02% to $80.17 per barrel and West Texas Intermediate to gain 0.45%, reversing previous de-escalation hopes in Middle East tensions.
Crude oil prices fell over one dollar Friday as increased maritime flows offset Middle East tensions, with Brent dropping 1.2% to $88 per barrel while both benchmarks remain up approximately 20% monthly despite US-Iran geopolitical risks.
Israeli and Iranian strikes disrupted Middle Eastern oil and gas production, causing Brent crude to surge 13 percent to $82.37 and European gas to spike 25 percent, threatening global economic recovery and U.S. inflation ahead of elections.
Oil prices declined modestly as investors assessed a US-Iran peace deal potentially reopening the Strait of Hormuz, with Brent crude falling 0.2% to $78.80 per barrel amid lingering uncertainty about shipping normalization.
Singapore is positioning itself as Southeast Asia's neutral precious metals hub as neighboring ASEAN nations implement stricter gold trading regulations, with analysts emphasizing that developing robust infrastructure and market depth will be critical to competing with established global centers.
Trump's ongoing talks with Iran created market uncertainty, causing Brent and WTI crude to slip 0.79% and 0.92% respectively after prior 5% gains, as investors awaited concrete progress on negotiations affecting Middle East oil supplies.
Oil futures surged over four dollars after Trump rejected Iran's peace proposal, intensifying geopolitical tensions and supply concerns as the Strait of Hormuz remained largely closed, keeping global markets tight.
President Trump rejected Iran's peace proposal as "totally unacceptable," causing oil prices to surge over four dollars per barrel amid escalating tensions and a prolonged shipping blockade through the Strait of Hormuz.
Oil prices surged over four percent after President Trump rejected Iran's peace proposal, with Brent crude climbing to $105.45 per barrel amid supply concerns as the Strait of Hormuz remained largely closed, keeping global markets tight.
Oil prices fall sharply on renewed hopes for a US-Iran peace deal.
Oil prices rose nearly 5.4% weekly, posting their first gain in three weeks, as escalating US-Iran nuclear tensions and potential Strait of Hormuz disruptions offset concerns about ample global supply and steady interest rates.
Mercedes-Benz delivered solid first-quarter results with lower revenue and earnings versus 2025 but maintained full-year guidance amid economic uncertainty, while oil prices face potential gains from Strait of Hormuz disruptions affecting supply expectations.
Oil prices rose 1.3% as U.S.-Iran negotiations stalled and the Strait of Hormuz remained largely closed, restricting Middle Eastern energy supplies to global markets amid diplomatic deadlock and elevated risk premiums.
Oil prices climbed 1.3% as stalled US-Iran negotiations and Iran's blockade of the Strait of Hormuz-which normally handles 20% of global oil supply-disrupted energy flows, with analysts warning diplomatic gridlock will sustain upward price pressure through May.
Crude oil surged to its biggest weekly gain since July as US-Iran tensions threatened the Strait of Hormuz, a critical global energy chokepoint, with Brent crude up nearly 60 percent in 2024 amid escalating regional hostilities and supply concerns.
Oil prices rose as stalled U.S.-Iran peace negotiations and reduced tanker traffic through the Strait of Hormuz heightened geopolitical risk concerns, with Brent crude climbing one percent to 89.40 dollars per barrel.
Oil prices rose 1% as U.S.-Iran peace talks stalled and shipping traffic through the Strait of Hormuz slowed, with Brent crude reaching $89.40 amid heightened geopolitical tensions and tanker attacks.
Oil prices declined as renewed diplomatic efforts toward resolving Iran's nuclear program raised investor expectations for increased global oil supply, easing immediate supply concerns in energy markets.
Oil prices surged as US-Iran tensions escalated following American military strikes and a naval blockade of Iranian ports, with Brent crude rising to USD 84.56, while geopolitical risks threaten critical Strait of Hormuz shipping routes.
Oil prices hovered above $100 per barrel amid Middle East tensions and a fragile ceasefire, as investors awaited Trump's Beijing summit with Xi while U.S. inflation reached its largest three-year gain.
The US and Iran reached an interim agreement to reopen the Strait of Hormuz and restore oil flows, but analysts warn normalizing trade will take months due to rebuilding trust, infrastructure damage, and buyers' adapted supply chains.
Oil prices declined Tuesday as markets grew cautious over uncertain U.S.-Iran negotiations, with Brent crude falling 0.56% to $94.45 and WTI dropping 0.61% to $91.60, reflecting concerns over potential deal progress affecting geopolitical risk premiums.
Oil prices fell Tuesday as Brent crude dropped 0.79% and U.S. crude fell 0.92% amid cautious sentiment about ongoing U.S.-Iran peace negotiations, with markets uncertain whether talks would ease Middle East tensions affecting global energy supplies.
President Trump's announcement of continued U.S. attacks on Iran triggered a 7% oil price surge, with Brent crude jumping to $108.81 per barrel, amid escalating concerns about prolonged Middle East supply disruptions and Strait of Hormuz closure.
President Trump's rejection of Iran's response to a U.S. proposal triggered oil price surges, with Brent crude climbing 4.11% to $105.45 a barrel amid Strait of Hormuz closure concerns and geopolitical tensions.
Oil prices posted their first weekly gain in three weeks, rising roughly 5 percent as US-Iran nuclear tensions and potential Strait of Hormuz disruptions offset concerns about abundant global supplies and sticky US interest rates.
Oil prices drop below $100 as US-Iran agreement hopes rise, despite market squeeze.
Oil prices rose as US-Iran peace negotiations stalled in 2026, with the Strait of Hormuz-through which one-fifth of global traded oil flows-at the center of geopolitical tensions, creating a war premium reflecting anticipated supply disruptions rather than actual shortages.
Gold prices fall as traders await Federal Reserve Chair Jerome Powell's remarks.
Oil prices rose 1.3% as U.S.-Iran diplomatic deadlock persists, keeping the Strait of Hormuz restricted and elevating risk premiums. Brent crude reached $109.64 per barrel amid shipping disruptions and failed peace negotiations, with analysts predicting continued volatility absent concrete de-escalation.