Oil prices experienced an uptick on Thursday following recent US military actions in Iran, which have rekindled concerns regarding potential disruptions to commercial shipping routes in the Strait of Hormuz. Brent crude, the global benchmark, experienced an increase of over 3%, reaching $97.29 per barrel, while US West Texas Intermediate crude rose by 3.42% to Read More
Brent crude futures experienced an increase of nearly 2% during early on Tuesday, following the U.S. military’s execution of strikes in southern Iran, characterised as defensive measures. This development has contributed to heightened market tension, as a resolution to the ongoing conflict remains unattainable for both parties. Brent futures increased by $1.40, representing a 1.5% Read More
Oil prices declined to their lowest levels in two weeks on Monday amid increasing optimism that the U.S. and Iran were making progress toward a peace agreement, despite ongoing significant disagreements over critical issues, including restrictions on the Strait of Hormuz that continue to affect Middle East oil supplies. On Saturday, U.S. President Donald Trump Read More
Oil prices continued to rise on Monday amid indications that efforts to resolve the U.S.-Israeli conflict concerning Iran have encountered obstacles. This development follows an attack on a nuclear power plant in the United Arab Emirates, coinciding with expectations that U.S. President Donald Trump will deliberate on military strategies regarding Iran. Brent crude futures increased Read More
Oil prices experienced an uptick on Friday amid ongoing market apprehensions regarding ship attacks and seizures, even as Iran reported that approximately 30 vessels had navigated through the Strait of Hormuz. Concurrently, the U.S. and Chinese presidents were scheduled for a second day of discussions in Beijing. Brent crude oil futures increased by 60 cents, Read More
Oil prices surged by $3 a barrel on Monday, following the unsuccessful negotiations between the United States and Iran regarding a peace proposal put forth by Washington. Meanwhile, the Strait of Hormuz remained predominantly closed, contributing to the ongoing constraints on global energy supplies. Brent crude futures increased by $3.18, representing a 3.14% rise, reaching Read More
Oil prices experienced a decline on Tuesday following a significant increase of up to 6% in the prior session. This shift comes amid indications that the U.S. Navy may be relaxing Iran’s blockade of the crucial Strait of Hormuz, which could lead to a potential increase in supply from this vital Middle Eastern production region. Read More
Oil prices continued their upward trajectory on Monday, increasing by nearly 2% as negotiations between the U.S. and Iran reached an impasse, coupled with constrained shipments through the Strait of Hormuz, which has contributed to a tight global oil supply environment. Brent crude futures increased by $2.16, representing a 2.05% rise, reaching $107.49 a barrel Read More
Oil prices experienced a slight decline on Thursday following significant increases in the prior session, influenced by the ongoing impasse in peace negotiations between Iran and the United States, alongside the continued enforcement of trade restrictions through the Strait of Hormuz by both countries. Brent crude futures decreased by 15 cents to $101.76 a barrel, Read More
Oil prices declined on Tuesday, undoing the increases observed in the prior session, amid anticipations that peace negotiations between the U.S. and Iran will occur this week, potentially facilitating a greater supply from the crucial Middle East production area. Brent futures experienced a decrease of 95 cents, equivalent to 1%, settling at $94.53 as of Read More
