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Macquarie Group

An oil pump is seen at sunset outside Vaudoy-en-Brie, near Paris, France April 23, 2018. REUTERS/Christian Hartmann
May 12, 2026

Oil prices jump on latest US-Iran peace process impasse

Oil prices rose more than 3% as US-iran peace talks stall, raising supply concerns amid tensions over the strait of Hormuz and Middle East conflict.

Oil up more than 2.5% but set for first weekly decline since start of Iran war
Mar 27, 2026

Oil up more than 2.5% but set for first weekly decline since start of Iran war

Oil prices rose more than 2.5% but are set for their first weekly decline since the iran war began amid ongoing conflict and US military buildup.

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