BENGALURU — Oil prices rose 2% on Tuesday to their highest in four weeks, as the U.S. reimposed its naval blockade of Iran while the two countries stepped up attacks in the Strait of Hormuz, heightening uncertainty about energy flows. Brent crude futures climbed $1.68, or 2%, to $84.98 per barrel by 0051 GMT, while […]
TOKYO — Oil prices climbed nearly 2% on Wednesday after the U.S. military launched airstrikes against Iran and reimposed crude sales sanctions, raising fears their fragile truce was unravelling and Middle East supplies could be disrupted again. The U.S. airstrikes were in response to Iranian attacks on three commercial vessels that were transiting the Strait […]
SINGAPORE — Oil prices rose on Monday following days of tit-for-tat strikes by the U.S. and Iran that underscored the fragility of their interim peace deal and again slowed energy shipping through the Strait of Hormuz. Brent crude futures climbed 58 cents, or 0.8%, to $72.57 a barrel at 0207 GMT while U.S. West Texas […]
SINGAPORE — Oil prices rose on Monday after shipping through the Strait of Hormuz slowed while talks between US and Iranian officials in their first meeting under an interim peace deal were off to a bumpy start. Brent crude futures climbed 54 cents or 0.67%, to $81.11 a barrel by 0030 GMT, after touching a […]
LONDON — Oil prices fell more than 1% on Thursday to their lowest since the first trading day of the Iran war, as a U.S.-Iran interim deal to end the conflict, reopen the Strait of Hormuz and ease sanctions on Tehran boosted the global supply outlook. Brent crude futures were down $1.02, or 1.28%, at […]
TEHRAN — The first tankers carrying Iranian oil exited a US blockade in the Strait of Hormuz, a tracking website said on Wednesday, two days before Washington and Tehran launch talks on an agreed peace deal still scant on details — including Iran’s nuclear programme and the lifting of sanctions. The talks on a final […]
HONG KONG — Oil prices tumbled and stocks soared Monday after the United States and Iran said they had reached a deal to end their war that will reopen the Strait of Hormuz, sending a wave of relief through global markets. The two sides confirmed an announcement from mediator Pakistan, with a signing ceremony set […]
SINGAPORE — Oil prices slipped to their lowest since March on Monday after U.S. President Donald Trump and Iran’s deputy foreign minister said they had reached an initial deal to end the war and to resume traffic through the Strait of Hormuz. Brent crude futures fell $3.58, or 4.10%, to $83.75 a barrel by 0004 […]