
Libya Drone Attacks Drive Crude Oil Price to $89.21
Brent crude surged 3.34% to $89.21 in a single session after Libya's National Oil Corporation threatened force majeure at the Zawiya complex, adding a key OPEC producer to a widening…
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Brent crude surged 3.34% to $89.21 in a single session after Libya's National Oil Corporation threatened force majeure at the Zawiya complex, adding a key OPEC producer to a widening…

OPEC+ finalizes 188,000 bbl/day September hike to close its 3.5M-bbl/day 2023 cut cycle, signals Q4 freeze as Iranian tanker losses sharpen a direct supply-demand standoff.

Iran adopted an offensive military posture after the 60-day Hormuz ceasefire lapsed August 17, pushing Brent crude above $90 as Strait of Hormuz supply risk resurfaced.

Iran's Supreme National Security Council insists the Strait of Hormuz will not reopen for commercial shipping until Washington lifts its naval blockade, withdraws military forces, and pays war…

OPEC's latest monthly report slashes its 2026 global demand growth outlook to 580,000 bpd — the fourth consecutive downgrade — as the IEA warns that high prices and Middle East conflict are…

Crude oil fell sharply on Wednesday, August 13, with West Texas Intermediate losing $1.30 to settle near $81.97 per barrel and Brent crude declining $1.29 to $87.69, as a combination of swelling U.S.

Brent crude rose about 1.2% Tuesday after a deadly Houthi double-tap strike on an oil tanker in the Bab al-Mandab Strait compounded investor anxiety over stalled U.S.-Iran Strait of Hormuz…

Brent crude tracks toward $100 as the U.S.-Iran Strait of Hormuz deal collapses, leaving crude tanker flows near zero and 11 mb/d of Gulf output offline.

Iran's Revolutionary Guards have declared they will keep the Strait of Hormuz sealed until Washington meets Tehran's full terms, sending LNG prices 51% higher and stranding roughly 20 million…

Houthi drones struck Saudi Aramco's 400,000 bpd Jizan refinery Sunday, driving crude up roughly 3% as a geopolitical supply premium returned to global energy markets.

Tehran says a Hormuz transit framework with Muscat is nearly complete but flatly contradicts Washington's assertion that Iran is engaged in any direct US-mediated negotiations.

Iran's conditions for Hormuz reopening push a deal further away, leaving the S&P's record close and Brent's 7% weekly drop exposed to unpriced escalation risk.

With Iran's 60-day fee-free transit period ending August 16, Oman-mediated talks remain deadlocked over a 5–7% cargo levy versus a 3% counterproposal, leaving global energy markets on edge.

Vance discloses Iran privately denied plans to toll the Strait of Hormuz, even as Tehran's security chief issued sweeping conditions for reopening the waterway.

Iran's security chief Mohammad Bagher Zolghadr on Saturday issued six sweeping demands — spanning Lebanon, Palestine, Yemen and Iraq — and declared the Strait of Hormuz will remain closed until…

UAE condemns IRGC missile strike on an ADNOC tanker in Hormuz as piracy — the 16th shipping attack since conflict began, with energy risk still largely unpriced.

Brent crude surged nearly 4% on Thursday when Iran's parliament floated a bill to ban U.S. and Israeli ships from the Strait of Hormuz, only to retreat as the week's 7% net decline reasserted itself.

Iran demands 5–7% cargo-value transit fees through the Strait of Hormuz; Oman proposes 3%; Washington rejects mandatory tolls, leaving the chokepoint deal stalled.

Brent and WTI crude each shed roughly 9% across the trading week ending August 8, the steepest weekly decline of 2026, as structural demand erosion and surging OPEC+ supply overwhelm the market.

Brent crude rose more than 1 percent and WTI stabilized near $76 after President Trump said a nuclear and Hormuz deal with Iran could materialize "tomorrow or the next day," halting a steep…

Treasury Secretary Scott Bessent signaled a US-Iran deal to reopen the Strait of Hormuz within days, sending Brent crude down 5.3% to below $80 per barrel for the first time in three weeks.

The Dow Jones board surged to an all-time high of 53,178.41 Monday as WTI crude plunged 9% and President Trump scrapped a planned Iran strike, igniting a broad wall street bull rally.

Trump declared a two-phase agreement with Iran covering the Strait of Hormuz and future denuclearization, but Iranian officials acknowledged only indirect Oman-mediated talks at the negotiation table.

Seven OPEC+ core producers approved a sixth consecutive 188,000 bpd production increase for September 2026 before signaling a freeze through year-end, completing the largest sustained quota…

OPEC+'s seven core producers approved a 188,000 bpd September hike at Vienna, completing 2023's voluntary cut rollback before freezing output through Q4 2026.

Iran's Revolutionary Guard struck two oil tankers crossing the Strait of Hormuz under U.S. air escort on July 31, forcing four additional vessels to reverse course and threatening to collapse a…

A two-hour overnight fighter jet strike campaign hit 12-plus IRGC sites; Brent crude slipped in early Asian trade despite Iran's vow to punish the aggressor today.

Iran and Oman are negotiating a three-lane maritime framework to restore Hormuz tanker traffic, with daily transits collapsed to just 10 against a pre-crisis baseline of 88 per day as of late July…

President Donald Trump said Monday there is a "good chance" of progress in U.S.-Iran negotiations following a pause in American military strikes, even as Tehran denied being in active talks and…

Brent crude oil sank as much as 7.4% Monday, pulling below $90 a barrel after the United States and Iran simultaneously halted strikes, reviving hopes for a diplomatic resolution to a conflict…