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Aramco

Storage tanks and oil refineries in Jurong Island, Singapore, March 24, 2026. REUTERS/Edgar Su/File Photo
Jun 29, 2026

Oil settles up on US-Iran strikes; cautious hopes for shipping cap gains

Oil prices rose over 1% following US-Iran strikes, with cautious optimism for energy shipping recovery through the Strait of Hormuz amid ongoing talks.

A cargo ship in the Gulf, near the Strait of Hormuz
Apr 6, 2026

Oil edges up in choppy trade; US, Iran receive ceasefire proposal framework

Oil prices inched up as the U.S. and Iran received a ceasefire proposal framework amid ongoing Middle East supply disruptions affecting global markets.

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