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strait of hormuz

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.

Sunset clouds glow over pump jacks at the Airankol oil field operated by Caspiy Neft in the Atyrau region, Kazakhstan, April 21, 2026. REUTERS/Pavel Mikheyev/File Photo
May 5, 2026

Global oil slips but Middle East fighting gives floor to drop

Global oil prices slipped after the U.S. launched an operation to reopen the Strait of Hormuz amid ongoing U.S.-Iran exchanges of fire in the Gulf.

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 1, 2026. REUTERS/Jeenah Moon
May 4, 2026

S&P 500 falls from record high on Middle East worries

The S&P 500 retreated from record highs following Middle East conflicts impacting oil and shipping, despite strong first-quarter earnings reports.

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.

An oil pumpjack is pictured in a farmer’s field near Kindersley, Saskatchewan, Canada September 5, 2024. REUTERS/Todd Korol
Apr 30, 2026

Oil retreats after hitting four-year high on concern of US-Iran war escalation

Oil prices surged to a four-year high amid fears of a prolonged US-iran conflict disrupting middle east supply, then retreated amid market volatility.

This spring, the Iran conflict disrupted trade in the Strait of Hormuz, where a quarter of the world’s oil supply typically passes. Reuters file photo
Apr 29, 2026

Iran war repercussions impact shipping, oil

Global shipping companies face major disruptions as conflict in the Persian Gulf halts traffic through the Strait of Hormuz, impacting Virginia's fuel and trade costs.

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