Oil and European natural gas prices tumbled after the promised re-opening of the Strait of Hormuz bolstered sweeping optimism that the US-Iran conflict will reach an end and ease disruptions to global energy markets.
Oil and European natural gas prices tumbled after the promised re-opening of the Strait of Hormuz bolstered sweeping optimism that the US-Iran conflict will reach an end and ease disruptions to global energy markets.
Oil edged higher as traders weighed signs the US and Iran may extend a ceasefire against a double blockade of the Strait of Hormuz that continues to impede flows.
Oil edged higher as traders weighed signs the US and Iran may extend a ceasefire against a double blockade of the Strait of Hormuz that continues to impede flows.
Pipelines run near oil storage tanks at the Enbridge Inc. Cushing storage terminal in Cushing, Oklahoma, U.S., on Wednesday, March 25, 2015. The fastest oil-inventory growth on record at the main U.S. hub may be about to end, easing concern that storage limits will be strained.
Oil held steady as traders weighed signs of rapidly depleting US reserves against efforts by the US and Iran to seek further talks to end a war that has brought transit through the vital Strait of Hormuz waterway to a near-halt.
Oil held steady as traders weighed signs of rapidly depleting US reserves against efforts by the US and Iran to seek further talks to end a war that has brought transit through the vital Strait of Hormuz waterway to a near-halt.
Liberty Lift Solutions LLC pumpjacks near Crane, Texas, US, on Saturday, March 15, 2025. The Permian Basin, a sprawling shale patch that lies beneath Texas and New Mexico, is North America's most prolific shale patch. Photographer: Justin Hamel/Bloomberg
Chinese crude oil and natural gas imports fell in March, as the supply crunch in the Persian Gulf began to affect shipments.
TOPSHOT - An oil tanker is docked unloading crude oil at the port in Qingdao, in China's eastern Shandong province, on April 7, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT
A hoard of Iranian crude on tankers at sea and robust onshore stockpiles in China will provide a cushion for the nation’s independent refiners should a US blockade of the Strait of Hormuz choke off flows.
A hoard of Iranian crude on tankers at sea and robust onshore stockpiles in China will provide a cushion for the nation’s independent refiners should a US blockade of the Strait of Hormuz choke off flows.
Qingdao Port Crude Oil Terminal in Qingdao, China. Source: Getty Images/Getty Images AsiaPac
Chinese crude oil and natural gas imports fell in March, as the supply crunch in the Persian Gulf began to affect shipments.
TOPSHOT - An oil tanker is docked unloading crude oil at the port in Qingdao, in China's eastern Shandong province, on April 7, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT
Oil fell sharply on signs Washington and Tehran are seeking to arrange a second round of peace talks.
Frustrated by Iran’s unwillingness to give up its stranglehold over the Strait of Hormuz, the US is trying to force the issue with its own blockade. Alex Longley breaks down what to know
Saudi Arabia’s crude sales to top importer China are set to halve next month as the war in the Middle East upends flows and lifts prices, according to traders familiar with the matter.
Saudi Arabia’s crude sales to top importer China are set to halve next month as the war in the Middle East upends flows and lifts prices, according to traders familiar with the matter.
Oil prices should be much higher than current levels if the US goes ahead with a planned naval blockade of the Strait of Hormuz, according to a veteran oil market executive.
Oil prices should be much higher than current levels if the US goes ahead with a planned naval blockade of the Strait of Hormuz, according to a veteran oil market executive.
Pipes next to the Irving Oil Refinery in Saint John, New Brunswick, Canada, on Wednesday, May 7, 2025. The city is the most vulnerable in Canada to trade friction with the US because of its reliance on the American market for oil, lumber and seafood exports, according to data released in February by the Canadian Chamber of Commerce, CTV news reports. Photographer: Graham Hughes/Bloomberg
China has granted independent refiners additional crude import quotas to allow them to continue to produce fuels at officially mandated levels, helping Beijing to cope with the impact of disrupted supplies from the Persian Gulf.
China has granted independent refiners additional crude import quotas to allow them to continue to produce fuels at officially mandated levels, helping Beijing to cope with the impact of disrupted supplies from the Persian Gulf.
China has granted independent refiners additional crude import quotas to allow them to continue to produce fuels at officially mandated levels, helping Beijing to cope with the impact of disrupted supplies from the Persian Gulf.
China has granted independent refiners additional crude import quotas to allow them to continue to produce fuels at officially mandated levels, helping Beijing to cope with the impact of disrupted supplies from the Persian Gulf.
Oil rallied above $110 a barrel after US President Donald Trump vowed an escalation in the war in Iran over the coming weeks, a move that could prolong disruptions to energy flows through the vital Strait of Hormuz.
Oil rallied above $110 a barrel after US President Donald Trump vowed an escalation in the war in Iran over the coming weeks, a move that could prolong disruptions to energy flows through the vital Strait of Hormuz.
Oil dropped after President Donald Trump again signaled the potential end to the Iran war that’s roiled markets, even as the Strait of Hormuz remains largely closed and more US troops arrived in the region.
Oil dropped after President Donald Trump again signaled the potential end to the Iran war that’s roiled markets, even as the Strait of Hormuz remains largely closed and more US troops arrived in the region.
Oil declined after Iran and the US signaled openness toward a resolution in the conflict that’s upended global energy shipments, sanding away a long-standing risk premium in prices.
Oil declined after Iran and the US signaled openness toward a resolution in the conflict that’s upended global energy shipments, sanding away a long-standing risk premium in prices.
A pumpjack near Three Rivers, Texas, US, on Sunday, March 1, 2026. Oil surged by the most in four years, as the US-Israeli war against Iran plunged the global crude market into turmoil, with the effective closure of the Strait of Hormuz. Photographer: Eddie Seal/Bloomberg
Oil declined after Iran and the US signaled openness toward a resolution in the conflict that’s upended global energy shipments, sanding away a long-standing risk premium in prices.
Oil declined after Iran and the US signaled openness toward a resolution in the conflict that’s upended global energy shipments, sanding away a long-standing risk premium in prices.
A pumpjack near Three Rivers, Texas, US, on Sunday, March 1, 2026. Oil surged by the most in four years, as the US-Israeli war against Iran plunged the global crude market into turmoil, with the effective closure of the Strait of Hormuz. Photographer: Eddie Seal/Bloomberg
Oil is on track for its strongest ever monthly rally in London, even as prices fluctuated Tuesday, buffeted by ongoing attacks in the Persian Gulf and signs of President Donald Trump contemplating an exit from the Iran conflict.
Oil is on track for its strongest ever monthly rally in London, even as prices fluctuated Tuesday, buffeted by ongoing attacks in the Persian Gulf and signs of President Donald Trump contemplating an exit from the Iran conflict.
An active pump jack stands in Midland, Texas, U.S, on Thursday, April 23, 2020. The price for the U.S. benchmark for crude oil, West Texas Intermediate, dropped below zero for the first time in history this month amid a global oil glut. Photographer: Bloomberg/Bloomberg
Oil prices rose after President Donald Trump threatened attacks on Iran’s energy infrastructure, overshadowing his comments that a deal to end hostilities in the Middle East could be close.
Oil prices rose after President Donald Trump threatened attacks on Iran’s energy infrastructure, overshadowing his comments that a deal to end hostilities in the Middle East could be close.
Saudi Arabia’s oil sales to Asia’s two biggest importers are set to come in at lower-than-usual levels next month, as the war raging across the Middle East disrupts supplies from the energy powerhouse.
Saudi Arabia’s oil sales to Asia’s two biggest importers are set to come in at lower-than-usual levels next month, as the war raging across the Middle East disrupts supplies from the energy powerhouse.
Storage tanks and oil processing facilities operate at Saudi Aramco's Ras Tanura oil refinery and terminal in Ras Tanura, Saudi Arabia, on Monday, Oct. 1, 2018. Saudi Aramco aims to become a global refiner and chemical maker, seeking to profit from parts of the oil industry where demand is growing the fastest while also underpinning the kingdom’s economic diversification.
Oil jumped on Thursday as mixed messages from US President Donald Trump failed to convince traders that the prospect of talks with Iran will quickly bring an end to the war in the Middle East.
Oil jumped on Thursday as mixed messages from US President Donald Trump failed to convince traders that the prospect of talks with Iran will quickly bring an end to the war in the Middle East.
Oil storage tanks stand in this aerial photograph taken above Cushing, Oklahoma, U.S., on Tuesday, March 24, 2015. The fastest oil-inventory growth on record at the main U.S. hub may be about to end, easing concern that storage limits will be strained. Photographer: Daniel Acker
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