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OPEC+

Men work during the unloading of oil from trucks arriving from Iraq at the Baniyas oil terminal, in Baniyas, Syria, May 14, 2026. REUTERS/Mahmoud Hassano/File Photo
Jun 25, 2026

Oil falls to pre-war levels on rising Middle East supply

Oil prices fell to levels last seen before the Iran war as rising Middle East supply and resumed Strait of Hormuz flows ease market concerns.

A pump jack operates outside of Midland, Texas, U.S. June 11, 2025. REUTERS/Eli Hartman
Jun 8, 2026

Oil prices pares gains after Iran announces end to attacks on Israel

Oil prices eased after Iran announced an end to attacks on Israel, despite warnings of harsher strikes if Israel continues in Lebanon. Brent crude rose to $94.52.

A view shows a pressure gauge near oil pump jacks outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. REUTERS/Stringer
Jun 5, 2026

Oil prices fall on mounting hopes for de-escalation in US-Iran War

Oil prices fell as traders gained confidence that renewed conflict between the U.S. and Iran was less likely amid ongoing peace talks and regional tensions.

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.

Tugboats guide a crude oil tanker passing through the Strait of Hormuz with its Automatic Identification System transponder turned off, as it navigates the waters at Daesan port, in Seosan, South Korea, May 8, 2026. REUTERS/Kim Soo-hyeon/File Photo
May 11, 2026

Oil prices rise $2 as US-Iran talks hit impasse

Oil prices rose more than $2 as US-iran talks stall and the strait of hormuz remains largely closed, impacting global oil supply and markets.

A pump jack operates outside of Midland, Texas, U.S. June 11, 2025. REUTERS/Eli Hartman
May 4, 2026

Oil prices jump 5% as Iran attacks UAE, vessels in Strait of Hormuz

Oil prices jumped about 5% as Iran attacked UAE ports and vessels near the Strait of Hormuz, raising concerns over global oil supply routes.

People walk past an installation depicting barrel of oil with the logo of Organization of the Petroleum Exporting Countries (OPEC) during the COP29 United Nations climate change conference in Baku, Azerbaijan November 19, 2024. REUTERS/Maxim Shemetov/File Photo
Apr 29, 2026

Russia to remain in OPEC+, hopes UAE exit does not spell end of group

Russia plans to remain in OPEC+ despite the UAE's decision to leave, aiming to stabilize global energy markets amid current turmoil.

Specialist Glenn Carell, left, and trader Robert Charmak work on the floor of the New York Stock Exchange, Thursday, Dec. 11, 2025. (AP Photo/Richard Drew)
Apr 28, 2026

Oil prices rise with eyes on Iran, UAE; AI concerns weigh on stocks

Oil prices rose amid the Iran conflict stalemate and the UAE quitting OPEC, while AI concerns weighed on U.S. and global stock markets.

Saudi Foreign Minister Faisal bin Farhan al Saud receives United Arab Emirates' Deputy Prime Minister and Minister of Foreign Affairs Sheikh Abdullah bin Zayed Al Nahyan ahead of an exceptional meeting of the Gulf Cooperation Council (GCC), the first in-person meeting of Gulf leaders since their states became a front in the Iran war two months ago, In Jeddah, Saudi Arabia, April 28, 2026. Saudi Press Agency/Handout via REUTERS
Apr 28, 2026

UAE leaves OPEC and OPEC+ in major blow to global oil producers’ group

The uae has left opec and opec+, weakening the oil exporting groups amid regional tensions and global energy shocks.

A view shows oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. REUTERS/Alexander Manzyuk/File Photo
Apr 13, 2026

Oil jumps nearly 8% to above $102 ahead of US blockade on Iran

Oil prices surged above $102 a barrel as the U.S. Navy announced a blockade on ships to and from Iran, impacting global oil exports and market dynamics.

A drone view of a pump jack and drilling rig south of Midland, Texas, U.S. June 11, 2025. REUTERS/Eli Hartman/File Photo
Apr 7, 2026

Oil prices mixed; Brent flat, US crude up as Iran keeps Hormuz shut ahead of Trump deadline

US crude oil prices rise ahead of president Donald Trump's deadline as Iran maintains blockade of the Strait of Hormuz, impacting global oil flows.

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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