Brent crude

Brent crude

Cargo ships in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the US-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026. Photo: File/Reuters

Oil slips 4% as US, Iran reach peace deal to reopen Strait of Hormuz

Brent crude futures fell $3.58, or 4.10%, to $83.75 a barrel by 0004 GMT and US West Texas Intermediate was at $80.87, down $4.01, or 4.72%. Both contracts tumbled more than 3% on Friday

File Photo: Reuters

Oil rises more than $1 as escalation in US-Iran strikes unnerve traders

The US naval blockade of the Strait of Hormuz has been running for over a month. Photo: Deutsche Welle/US Navy/Planet Pix/ZUMA/picture alliance

Oil climbs as US-Iran tensions flare again while stockpiles tighten

FILE PHOTO: The logo of the Organisation of the Petroleum Exporting Countries (OPEC) sits outside its headquarters ahead of the OPEC and NON-OPEC meeting, Austria December 6, 2019. REUTERS/Leonhard Foeger

OPEC+ approves fourth oil output quota hike since Hormuz closure

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Oil prices climb more than $4 after Israeli strikes on Iran and Lebanon

The logo of the Organization of the Petroleum Exporting Countries (OPEC) is seen inside its headquarters in Vienna, Austria, 7 December, 2018. Photo: Reuters

OPEC+ set for fourth oil quota hike since Hormuz closure: Sources

Tankers sail in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the U.S.-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026. REUTERS

Global oil inventories depleted, next price spike could roil economies, markets

A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. Photo: REUTERS/Benoit Tessier/File Photo

Oil slips 6% as US, Iran seen moving closer to peace deal

People bathe on a beach next to the El Palito refinery of the Venezuelan state oil company PDVSA, in Puerto Cabello, Venezuela February 10, 2024. Photo: REUTERS/Leonardo Fernandez Viloria

Can Venezuelan oil save India amid the Hormuz energy crisis?

US President Donald Trump returns to the White House, after Israel and the U.S. launched strikes on Iran, in Washington, DC, US, March 1, 2026. Photo: Reuters

Trump says oil taken from Venezuela paid for Iran war '25 times over'

Bull statues near screens showing the Hang Seng stock index and stock prices outside Exchange Square, in Hong Kong, China, February 3, 2026. Photo: REUTERS

Global stocks skid, bonds buckle as oil climbs

The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, US November 24, 2019. Photo: REUTERS/Angus Mordant/File Photo

Oil prices slip on teetering Iran ceasefire as Trump heads to China

File Photo: Reuters

Oil-price bets ahead of Iran war news totalled $7b: Reporting