Sep 25iran
Oil slips 2% as Iran offers to reopen Hormuz within seven days
Brent fell 2.1% to $104.32 and WTI slid to $92.41 after Iran's foreign minister offered to reopen the Strait of Hormuz in seven days if the US meets his terms.
Energy Market News
Latest news and analysis on oil, gas, and commodity markets
Sep 24oil
Brent tops $107 as Iran warns war could reach the Indian Ocean
Brent rose 4% to $107 after an adviser to Iran's supreme leader said the war could reach the Indian Ocean, as Houthi missiles targeted the Saudi port of Yanbu.
Sep 23oil-prices
Saudi pipeline restart and Iran talks knock oil off its highs
Brent has fallen from $108.75 on September 15 to near $100 after Saudi Arabia restarted its Hormuz bypass pipeline and US and Iranian envoys met in New York.
Sep 22analysis
US diesel sets a record $6.53 as the squeeze runs into 2027
US diesel hit a record $6.53 a gallon last week even as crude prices fell. The gap points to a refining shortage the EIA expects to last deep into 2027.
Sep 21analysis
Why WTI prices differ by $4 this week: the contract roll explained
WTI quotes range from $94 to $98 this week depending on which contract a site tracks. Here is why the October expiry matters and what changed on our price feed.
Sep 15market
Oil rises as Oman shelves Hormuz talks and China's crude hits a record
Brent neared $108 after Oman postponed Monday's Iran-Gulf talks, Saudi Arabia's bypass pipeline stayed shut, and Shanghai crude futures hit a record $138.50.
Sep 10analysis
Why oil is back above $100: five forces behind the spike
WTI is near $100 and Brent above $104, up a third since early August. Tanker attacks, Saudi output at a 36-year low and drained stockpiles explain why.
Sep 9oil
Brent tops $100 after US strikes sink five Iranian tankers
Brent broke above $100 for the first time since July after US forces destroyed five Iranian tankers and Tehran fired ballistic missiles at a base in Jordan.
Sep 8oil
Brent nears $100 after Houthi strike on Aramco's Jazan refinery
Brent climbed to $98.68 and WTI to $94.20 after a Houthi strike hit Aramco's 400,000 bpd Jazan refinery, a key link in Saudi Arabia's Hormuz workaround.
Sep 5market
US diesel hits a record $5.85 as the supply crunch deepens
US diesel prices hit an all-time high of $5.85 a gallon on Thursday, topping the 2022 record, as Hormuz disruption and Russia's export ban squeeze supply.
Sep 2oil
WTI nears $91 as US strikes hit Iran's southern coast
WTI climbed to $89.67 and Brent touched $95.45 after US strikes hit seven sites on Iran's coast and projectiles struck two tankers near the Strait of Hormuz.