Oil prices experienced a decline in early trading on Thursday following Qatar’s announcement that indirect discussions between Iran and the U.S. had achieved “positive progress” during the negotiations held in Doha, which wrapped up on Wednesday. The discussions centred on the Strait of Hormuz, which is responsible for one-fifth of the global oil supply. Brent Read More
Oil prices experienced a decline on Tuesday, as investors monitored the developments surrounding potential U.S.-Iran discussions in Doha. This comes in the wake of missile exchanges over the weekend that challenged the interim ceasefire aimed at concluding the four-month-long conflict. Brent August crude futures, set to expire on Tuesday, experienced a decline of 1.03%, equating Read More
Oil prices experienced a modest increase on Monday following reciprocal strikes between the US and Iran over the weekend, which raised concerns among investors regarding the stability of their interim peace agreement and hampered shipping activities in the Strait of Hormuz. Brent crude futures increased by more than 0.8% to $72.58 a barrel, while US Read More
Oil prices extended losses on Thursday, erasing all gains attributed to the Iran conflict, as tankers stranded near the Strait of Hormuz resumed transit following an initial agreement aimed at concluding the U.S.-Israeli war with Iran, which alleviated concerns regarding potential supply disruptions. U.S. Energy Secretary Chris Wright stated on Wednesday that oil flows through Read More
Oil prices experienced an uptick on Monday as shipping activity through the Strait of Hormuz faced delays, coinciding with the initial discussions between U.S. and Iranian officials under an interim peace agreement, which encountered some difficulties. Brent crude futures increased by 54 cents, or 0.67%, reaching $81.11 a barrel by 0030, following a peak of Read More
In a welcome relief for global economies, oil prices continued their downward trend on Friday and are on track for a significant weekly loss as shipping through the Strait of Hormuz gradually normalises following the US-Iran peace agreement. Brent crude has declined to approximately $79 per barrel, reflecting a decrease of over 9% for the Read More
Oil prices experienced a decline in early trading on Thursday following the signing of an interim agreement between the U.S. and Iran. This agreement is set to conclude the Iran war, facilitate the reopening of the Strait of Hormuz, and lift U.S. sanctions on Tehran’s oil, thereby addressing the most significant energy supply disruption in Read More
Oil prices experienced a modest increase in early trading on Wednesday, recovering some of the losses incurred in the previous session, as investors evaluated the potential conclusion of the conflict in Iran and the possibility of the Strait of Hormuz reopening. Brent crude futures increased by 47 cents, representing a 0.6% rise, reaching $79.43 a Read More
Oil prices experienced a rebound on Tuesday, driven by concerns regarding the insufficient details in a preliminary agreement aimed at concluding the conflict between the U.S. and Iran. Additionally, there is a growing awareness that the resumption of supply through the crucial Strait of Hormuz may require more time than previously anticipated. Brent crude futures Read More
Oil prices fell to reach a two-month low on Friday following U.S. President Donald Trump’s decision to abandon plans for military strikes on Iran. This development alleviated worries about a potential escalation in tensions, which had intensified earlier in the week after both parties engaged in attacks. Brent crude futures decreased by $1.21, representing a Read More
