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strait of hormuz

U.S. dollar banknotes are seen in this illustration taken May 4, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
Mar 23, 2026

Dollar weakens as Trump delays Iran strikes

The dollar fell after U.S. President Trump postponed military strikes on Iran's energy infrastructure, easing tensions and boosting risk assets.

Cargo ships in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the U.S.-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026. REUTERS/Stringer/File Photo REFILE - CORRECTING "TANKERS" TO "CARGO SHIPS" AND REMOVING ACTION "SAIL".
Mar 23, 2026

Oil prices plunge 10% on US-Iran talks to resolve the hostilities in the Middle East

Oil prices dropped about 10% following US-Iran talks aimed at resolving Middle East hostilities, easing fears of further escalation and supply disruptions.

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/File Photo
Mar 18, 2026

Oil prices jump 5% after Iran threatens to attack Middle East energy

Oil prices jumped over 5% after Iran's Revolutionary Guards threatened attacks on Middle East energy sites, escalating risks to global oil supply amid the US-Israeli conflict.

A sticker featuring U.S. President Donald Trump and Elon Musk, at a gas station on Capitol Hill in Washington, D.C., U.S., March 8, 2026. REUTERS/Nathan Howard/File Photo
Mar 18, 2026

US drivers face long-term pain at pump, analysts say; Trump bets they are wrong

U.S. drivers are expected to face sustained high fuel prices due to the Iran conflict disrupting oil supply, despite President Trump's optimism on price drops.

An LPG gas tanker at anchor as traffic is down in the Strait of Hormuz, amid the U.S.-Israeli conflict with Iran, in Shinas, Oman, March 11, 2026. REUTERS/Benoit Tessier/File Photo
Mar 17, 2026

Oil prices rise nearly 2% after renewed Iranian attacks on UAE

Oil prices rose nearly 2% following renewed Iranian attacks on UAE oil facilities, raising concerns about global supply disruptions amid the ongoing Iran conflict.

U.S. President Donald Trump shakes hands with Chinese President Xi Jinping as they hold a bilateral meeting at Gimhae International Airport, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Busan, South Korea, October 30, 2025. REUTERS/Evelyn Hockstein/File Photo
Mar 17, 2026

Trump seeks to delay meeting with China’s Xi by ‘a month or so’

U.S. President Donald Trump requests to delay his China trip by about a month due to the Iran war, affecting U.S.-China relations and foreign policy.

A drone view of a pump jack and drilling rig south of Midland, Texas, U.S. June 11, 2025. REUTERS/Eli Hartman/File Photo
Mar 16, 2026

Oil prices ease as US says it is fine with some ships going through Strait of Hormuz

Oil prices eased after the US approved some Iranian, Indian, and Chinese ships passing through the Strait of Hormuz amid ongoing Iran war tensions and emergency reserve talks.

A drone view of a pump jack and drilling rig south of Midland, Texas, U.S. June 11, 2025. REUTERS/Eli Hartman/File Photo
Mar 13, 2026

Oil prices dip as Indian tanker sails out of Strait of Hormuz

Oil prices fell as an Indian tanker passed through the Strait of Hormuz and the U.S. issued measures to ease supply concerns amid Middle East conflict disruptions.

Futures-options traders work on the floor at the New York Stock Exchange's NYSE American (AMEX) in New York City, U.S., March 9, 2026. REUTERS/Brendan McDermid
Mar 12, 2026

Wall St ends sharply lower as intensifying Iran war, soaring crude prompt selloff

U.S. stocks dropped sharply amid escalating Iran conflict and crude oil prices nearing $100 per barrel, raising inflation fears and market selloff.

FILE PHOTO: Tankers sail in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the U.S.-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026. REUTERS/Stringer/File Photo
Mar 12, 2026

Oil unlikely to hit $200 a barrel, US energy chief says

U.S. Energy Secretary Chris Wright says oil prices are unlikely to reach $200 a barrel despite disruptions in the Strait of Hormuz caused by the Iran conflict.

A foreign tanker carrying Iraqi fuel oil damaged after catching fire in Iraq's territorial waters, following unidentified attacks that targeted two foreign tankers, according to Iraqi port officials, near Basra, Iraq, March 12, 2026. REUTERS/Mohammed Aty
Mar 12, 2026

World faces largest-ever oil supply disruption on Middle East war, IEA says

The IEA reports the biggest oil supply disruption in history due to the Middle East war, with global supply dropping 8 million barrels per day in March 2024.

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

Oil prices up 5% as supply fears mount despite record stocks release plan

Oil prices surged nearly 5% due to attacks in the Strait of Hormuz and concerns over supply despite the IEA's plan for a record 400 million barrel reserve release.

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