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West Texas Intermediate

A pump jack operates outside of Midland, Texas, U.S. June 11, 2025. REUTERS/Eli Hartman
Mar 25, 2026

Oil falls as reports of 15-point proposal spurs ceasefire hopes

Oil prices fell nearly 5% after reports of a U.S. 15-point proposal aimed at ending the Middle East war, despite ongoing airstrikes between Israel and Iran.

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.

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.

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.

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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