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strait of hormuz

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.

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.

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 drone view of a pump jack and drilling rig south of Midland, Texas, U.S. June 11, 2025. REUTERS/Eli Hartman/File Photo
Apr 27, 2026

Oil prices hit two-week high as Iran talks stall and Strait shipments lag

Oil prices climbed to a two-week high as U.S.-Iran peace talks stalled and shipments through the Strait of Hormuz remained limited, tightening global supplies.

Vessels in the Strait of Hormuz, Musandam, Oman, April 27, 2026. REUTERS/Stringer
Apr 27, 2026

Shipping traffic through Hormuz remains muted with no US-Iran deal in sight, data shows

Shipping traffic through the strait of Hormuz remains muted with only seven ships crossing amid stalled talks between the US and Iran.

The sun sets behind an oil pump outside Vaudoy-en-Brie, near Paris, France, March 18, 2026. REUTERS/Christian Hartmann
Apr 24, 2026

Oil volatile as supply worries offset hopes for Iran-US talks

Oil prices fluctuate as supply concerns from the Strait of Hormuz disruption offset hopes for renewed Iran-US peace talks hosted by Pakistan.

A “Help Wanted” sign hangs in restaurant window in Medford, Massachusetts, U.S., January 25, 2023. REUTERS/Brian Snyder/File Photo
Apr 23, 2026

US weekly jobless claims increase marginally as labor market remains stable

Initial jobless claims in the US rose slightly to 214,000, signaling labor market stability amid economic uncertainty and geopolitical tensions.

A pump jack operates near a crude oil reserve in the Permian Basin oil field near Midland, Texas, U.S. February 18, 2025. REUTERS/Eli Hartman
Apr 22, 2026

Oil prices rise after reports container ships in Hormuz hit by gunfire

Oil prices rose 2% after gunfire attacks on container ships in the Strait of Hormuz amid stalled U.S.-Iran peace talks and 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
Apr 21, 2026

Oil prices climb 3% after Trump says he does not want to extend Iran ceasefire

Oil prices climbed about 3% after President Donald Trump said he does not want to extend the Iran ceasefire, raising tensions and impacting global markets.

A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. REUTERS/Benoit Tessier
Apr 20, 2026

Oil prices rise 5% on fears of US-Iran ceasefire collapse

Oil prices surged about 5% amid fears the ceasefire between the United States and Iran could collapse after the U.S. seized an Iranian cargo ship.

Traders work on the floor at the New York Stock Exchange in New York City, U.S., July 30, 2025. REUTERS/Jeenah Moon/File Photo
Apr 17, 2026

Wall Street indexes rally after Iran says Strait of Hormuz ‘completely open’

Wall Street indexes rallied after Iran announced the Strait of Hormuz is completely open, boosting investor optimism amid potential U.S.-Iran talks.

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