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Ras Tanura terminal

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.

Storage tanks and oil refineries in Jurong Island, Singapore, March 24, 2026. REUTERS/Edgar Su/File Photo
Jun 26, 2026

Oil set for big weekly losses as tankers exit Strait of Hormuz

Oil prices dropped about 3% as more tankers exited the Strait of Hormuz, easing supply concerns despite recent vessel attacks near Oman.

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