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West Texas Intermediate

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.

A view shows a pressure gauge near oil pump jacks outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. REUTERS/Stringer
Mar 6, 2026

Iran war sends US crude futures up 12% a barrel

US crude oil futures surged more than 12% following Iran conflict and Strait of Hormuz closure, disrupting Middle East oil exports and tightening global supply.

Tankers are seen off the coast of the Fujairah, as Iran vows to close the Strait of Hormuz, amid the U.S.-Israel conflict with Iran, in Fujairah, United Arab Emirates, March 3, 2026. REUTERS/Amr Alfiky/File Photo
Mar 4, 2026

Gulf shipping crisis deepens as tankers stranded for fifth day, US sinks Iranian warship

Oil prices remain near multi-month highs as Middle East tensions disrupt energy flows, despite reports of potential US-Iran talks to end the conflict.

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 3, 2026

Oil prices soar 6% to highest since 2024 as Middle East conflict widens

Oil prices surged about 6% to the highest since 2024 amid widening U.S.-Israel-Iran conflict disrupting Middle East energy shipments and production cuts.

Iranian flag with stock graph and an oil pump jack miniature model are seen in this illustration taken October 9, 2023. REUTERS/Dado Ruvic/Illustration
Feb 19, 2026

Oil prices hit six-month high amid US-IRAN tensions and Middle East military activity

Oil prices rose nearly 2% to six-month highs as US-Iran tensions escalate with increased military activity in the Middle East and geopolitical concerns.

An oil pumpjack in front of a house in Ganado, Texas, U.S., January 8, 2026. REUTERS/Antranik Tavitian
Jan 26, 2026

Oil prices settle lower as traders assess impact of winter storm on production

Oil prices edged lower as investors assessed U.S. winter storm production losses and rising geopolitical tensions between the U.S. and Iran.

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