Browsing Tag
West Texas Intermediate
13 posts
Ceasefire announced, strait still closed: Oil markets on edge ahead of US-Iran talks
Brent crude fell 12.7% and WTI 13.4% in the week ending April 10, oil's worst weekly loss since 2022, as the Strait of Hormuz remained closed before US-Iran talks.
Ceasefire already cracking: Iran keeps Hormuz mined, Vance flies to Pakistan for make-or-break talks
US-Iran ceasefire frays as Hormuz shipping stalls, IRGC mines lanes and Vance leads talks in Islamabad with enrichment and Lebanon unresolved.
Every bridge, every power plant: Trump expands threat as ceasefire talks collapse
Iran rejected a 45-day ceasefire and demanded a permanent end to the US-Israel war as Trump threatened to destroy all power plants and bridges by Tuesday night.
Trump’s Iran speech sends crude to six-year high, gas tops $4 nationwide
U.S. crude oil surged nearly $12 per barrel on April 3, 2026, its largest one-day gain since 2020, after Trump pledged more Iran strikes with no Strait of Hormuz reopening plan.
Record $166 Dubai crude, $220 jet fuel: Iran war rewrites global energy price records
Physical oil and fuel cargo prices hit record highs as the US-Israeli war on Iran disrupts Strait of Hormuz shipping and chokes 12% of global oil supply.
Brent crude tops $105 as Strait of Hormuz remains shut in largest supply disruption in global oil market history
Oil rises to $105 as US-Israeli war on Iran threatens Gulf export terminals and keeps Strait of Hormuz shut in the biggest supply disruption in history.
Trump administration authorises 172 million barrel SPR drawdown as 32 IEA nations coordinate record emergency oil release
US releases 172 million barrels from the Strategic Petroleum Reserve as IEA coordinates a record 400 million barrel drawdown amid Iran war supply disruption.
Oil’s $40 single-day collapse: Trump’s Iran war comment rewrites the market in one hour
Trump told CBS News the Iran war is "very complete," reversing a near-$120 oil spike. Dow closed up 239 points after plunging 900 in a historic single-session swing.
Oil crosses $90 as Gulf states run out of storage: Kuwait cuts, Qatar declares force majeure
Brent crude hit $92.69 and WTI closed at $90.90 as the Strait of Hormuz closure forced Kuwait output cuts and Qatar to warn of $150 oil within weeks.
A 6M barrel surprise: Why oil prices just surged despite Ukraine peace talks
Oil prices surged on August 20 after a 6M barrel U.S. crude draw surprised investors. Find out what’s fueling this rally and what could come next.