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strait of hormuz

Oil/Chemical Tanker "Bald Man" at the Port of Fujairah, as the U.S.-Israel conflict with Iran limits marine traffic in the Strait of Hormuz, in Fujairah, United Arab Emirates, May 6, 2026. REUTERS/Amr Alfiky
Jun 10, 2026

Oil prices rise after Trump says Iran must pay price

Oil prices rose after U.S. President Donald Trump warned Iran must pay a price following U.S.-Iran military exchanges and a sharp drawdown in U.S. crude inventories.

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.

James Bodner, center, and others work on the floor at the New York Stock Exchange in New York, Wednesday, Oct. 1, 2025. (AP Photo/Seth Wenig)
May 28, 2026

Wall Street ends higher, Brent crude eases on reports of US-Iran truce extension

Wall Street stocks advanced after the US and Iran agreed to extend their ceasefire by 60 days, easing geopolitical tensions and impacting global markets.

Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S. August 22, 2018. Picture taken August 22, 2018. REUTERS/Nick Oxford
May 27, 2026

Oil extends drop as Iran TV says it has seen draft deal with US to reopen Hormuz

Oil prices dropped over 5% after Iranian state TV reported a draft deal with the US to reopen the Strait of Hormuz, easing supply concerns.

A drone view of a pump jack and drilling rig south of Midland, Texas, U.S. June 11, 2025. REUTERS/Eli Hartman/File Photo
May 20, 2026

Oil prices slump after Trump comments while analysts point to supply crunch

Oil prices dropped over 2% after President Donald Trump's comments on Iran peace talks, while analysts warn of ongoing supply disruptions in the Middle East.

A pumpjack, used to help lift oil from a well, in the Permian basin near Midland, Texas, U.S., October 8, 2025. REUTERS/Arathy Somasekhar
May 18, 2026

Oil prices rise 3% to two-week high on Iran war supply concerns

Oil prices rose about 3% to a two-week high amid concerns over supply disruptions from the Iran war and U.S. sanctions waivers during talks.

A view shows oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. REUTERS/Alexander Manzyuk/File Photo
May 15, 2026

Oil prices up 2% as Trump and Iran’s comments dent peace hopes

Oil prices rose about 2% after comments from U.S. President Donald Trump and Iran's foreign minister reduced hopes for peace around the Strait of Hormuz.

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 drone view of drilling rigs in Midland, Texas, U.S. June 11, 2025. REUTERS/Eli Hartman/File Photo
May 7, 2026

Oil falls below $100 a barrel on Middle East peace hopes

Oil prices fell below $100 a barrel amid renewed hopes for a U.S.-Iran peace deal and reopening of the Strait of Hormuz, easing Middle East tensions.

A drone view shows the Malta-flagged tanker Agios Fanourios I, an oil tanker that sailed through the Strait of Hormuz, arriving in Iraq’s territorial waters off Basra, Iraq, April 17, 2026. REUTERS/Mohammed Aty
May 6, 2026

Oil slides after Pakistani source says US and Iran are close to framework peace deal

Oil prices dropped sharply after a Pakistani source said the US and Iran are close to an initial peace deal, easing tensions in the Strait of Hormuz.

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