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Oil prices fall as supply concerns ease on hopes for more US-Iran talks
Oil prices dropped as hopes for resumed U.S.-Iran talks eased fears of supply disruptions from the Strait of Hormuz blockade, despite ongoing risks.
Oil jumps nearly 8% to above $102 ahead of US blockade on Iran
Oil prices surged above $102 a barrel as the U.S. Navy announced a blockade on ships to and from Iran, impacting global oil exports and market dynamics.
Oil set for largest weekly loss in 10 months after ceasefire
Oil prices face biggest weekly drop since last June despite supply concerns from Saudi Arabia and restricted flows through the Strait of Hormuz.
Oil rebounds as fragile ceasefire, Hormuz concerns keep supply risks elevated
Oil prices rose over 3% amid concerns about a fragile Middle East ceasefire and restricted flows through the Strait of Hormuz, a key global energy route.
US weekly jobless claims rise, but remain at low levels
US weekly jobless claims rose by 16,000 to 219,000 but remain low, indicating steady labor market conditions amid economic uncertainty.
Global energy stocks plunge as US-Iran ceasefire hits oil
April 8 (Reuters) – U.S. and European energy stocks slid on Wednesday, as a ceasefire to the Middle East conflict punctured the hefty war premium built into oil prices due to fears of supply disruption through the Strait of Hormuz. Oil fell below $100 per barrel after U.S. President Donald Trump late on Tuesday agreed […]
Oil tumbles below $100 after Trump announces two-week ceasefire
LONDON, April 8 (Reuters) – Oil tumbled below $100 a barrel on Wednesday after U.S. President Donald Trump said he had agreed to a two-week ceasefire with Iran, subject to an immediate and safe reopening of the Strait of Hormuz. Brent crude futures were down $18.27, or 16.72%, at $91.00 a barrel by 1320 GMT. […]
Wall St set for higher open as US-Iran ceasefire lifts sentiment
Wall Street futures rose sharply after the U.S. and Iran agreed to a two-week ceasefire, easing crude prices and boosting global market confidence.
Trump says US will work closely with Iran, discuss sanctions
WASHINGTON, April 8 (Reuters) – The United States will work closely with Iran and the two countries are discussing tariff and sanctions relief, U.S. President Donald Trump said on Wednesday, following the announcement of a two-week ceasefire. Trump pulled back from the brink of a threatened full-on assault on Iran on Tuesday night, two hours […]
Wall Street closes mixed, with signs of progress as Trump’s Iran deadline draws near
NEW YORK, April 7 (Reuters) – U.S. stocks ended mixed on Tuesday amid signs of progress in negotiations as the minutes ticked down to President Donald Trump‘s deadline for Iran to open the Strait of Hormuz. In the last hour of trading, all three major U.S. stock indexes recovered from steep losses earlier in the […]
US hits military targets on Iran’s Kharg Island, Vance says no change to strategy
BUDAPEST/WASHINGTON, April 7 (Reuters) – U.S. strikes on Iran‘s Kharg Island do not represent a change in American strategy, U.S. Vice President JD Vance said on Tuesday as a U.S. official separately told Reuters the additional strikes on military targets did not impact oil infrastructure. The official, who spoke to Reuters on condition of anonymity, […]
Oil prices mixed; Brent flat, US crude up as Iran keeps Hormuz shut ahead of Trump deadline
US crude oil prices rise ahead of president Donald Trump's deadline as Iran maintains blockade of the Strait of Hormuz, impacting global oil flows.
