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supply disruption

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 pump jack operates outside of Midland, Texas, U.S. June 11, 2025. REUTERS/Eli Hartman
Mar 24, 2026

Oil rises as supply disruption persists and Iran denies US talks

Oil prices climbed due to ongoing supply disruptions in the Strait of Hormuz, while Iran denied having talks with the U.S. to end Gulf tensions.

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