
Oil Tops $103 as US-Iran Strikes Intensify
Renewed U.S. airstrikes on Iranian Revolutionary Guard targets and Houthi drone hits on a critical Saudi Aramco pipeline sustain Brent crude above $103 a barrel and push U.S. diesel to a historic…
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Renewed U.S. airstrikes on Iranian Revolutionary Guard targets and Houthi drone hits on a critical Saudi Aramco pipeline sustain Brent crude above $103 a barrel and push U.S. diesel to a historic…

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…

FTSE 100 rose 0.4% as BP and Shell each gained 1.5%, with Brent crude above $87 a barrel making energy majors rare safe havens in a global equity selloff.

US forces struck the M/T Downy, M/T Stark 1, and M/T Kylo on Saturday, the sharpest naval escalation of 2026, sending Brent crude toward $97 a barrel as nuclear diplomacy collapsed.

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…

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…

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…

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.

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.

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…

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.

London's FTSE 100 nears 11,000 as Bank of England easing, weak sterling, and capital rotating from expensive US technology shares push British blue chips to historic levels.

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.

Michigan's July consumer sentiment survey beat expectations at 55.2 as gas prices retreated, while ExxonMobil and Chevron posted a combined $26.6 billion Q2 profit ahead of August's pivotal…

Iran's military says drones struck U.S. assets at Kuwait's Ahmad al-Jaber Air Base on July 31, in the conflict's 27th retaliatory wave; CENTCOM has not responded.

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…

ExxonMobil and Chevron shed more than 3% and 2.7%, respectively, as West Texas Intermediate crude approached $69 per barrel Monday, pulling the broader energy sector to multi-month lows and…

Brent crude trades near $98 a barrel in late July 2026 as the effective closure of the Strait of Hormuz since March forces Saudi Arabia, the UAE, and Iraq to accelerate multi-billion-dollar bypass…

Houthi missile and drone strikes on two Saudi crude carriers in the Red Sea on Wednesday push Brent crude toward $100 a barrel, threatening a global energy supply chain already strained by the…

Brent crude climbed above $94 and WTI topped $86 on July 22, 2026, as Houthi missile deployments near Bab el-Mandeb threatened to close a second critical energy chokepoint alongside the Strait of…

OPEC+'s fourth consecutive monthly quota increase adds 188,000 barrels per day, pulling Brent crude below $92 and signaling a gradual return to normalcy in the global energy market.

Brent crude climbed back above $89 a barrel on Monday as a fresh tanker strike near the Strait of Hormuz shattered hopes of a durable ceasefire between the United States and Iran, raising the…

Brent crude jumped 4.6% to $88.10 on July 18, as U.S. airstrikes widened against Iranian infrastructure and Tehran retaliated by targeting Gulf state civilian facilities, sending global energy…

Oil prices climbed sharply on July 17 as fresh US-Iran infrastructure strikes and collapsed peace negotiations reignited fears of a prolonged global energy supply risk with no diplomatic off-ramp…

China's 1.4 billion-barrel crude stockpile has made Beijing the world's first oil swing importer, giving it the power to cap oil price volatility and reshape global oil demand in ways no consuming…

Trump confirms a diplomatic breakthrough with Iran as Qatar and Oman mediators push for a new two-week truce to revive stalled Hormuz and nuclear talks.

China's crude oil imports plunged 41% year-on-year in June 2026 to their lowest level in nearly a decade, as refinery utilization hit decade lows and structural shifts in energy demand reshape the…

Citigroup cut its UK equity rating from overweight to underweight on July 13, 2026, citing the FTSE 100's heavy defensive tilt as a liability in broadening global markets.

European stocks edged lower July 13 as US-Iran strikes and Hormuz tensions pushed Brent crude above $78 a barrel, testing global equity market resilience from the DAX to the FTSE.

The US-Iran ceasefire has collapsed as Washington and Tehran trade Middle East missile strikes across Gulf states, driving Brent crude back toward $80.