Oil markets news, events & figures

U.S. gas prices dip below $4 for first time in nearly three months

The U.S. average for regular gas fell to $3.99, its lowest level since March 30, after weeks of oil-market pressure tied to the war in Iran.

Israel-Hezbollah fighting clouds planned U.S.-Iran signing

A planned U.S.-Iran signing faces early tests as Trump warns the deal is not final, Israel keeps striking Lebanon and shippers await clarity on Hormuz.

U.S.-Iran Framework Eases Oil Fears, but Hormuz Reopening May Take Time

The U.S.-Iran framework lifted markets and oil hopes, but the Strait of Hormuz remains slow to reopen and final talks still face major disputes.

U.S. and Iran announce deal aimed at ending war, reopening Hormuz

Trump, Iran and mediators say they reached a deal intended to end more than three months of war and reopen the Strait of Hormuz, with key terms still unresolved.

Iran War Pushes Energy Importers to Look Inward

The Iran war is pushing energy-importing countries to prioritize domestic energy in an effort to reduce exposure to volatile oil and gas markets.

Hormuz closure halted trade after Iran war began, CNBC data shows

CNBC data shows the Strait of Hormuz closure brought trade to a halt after the Iran war began in February, intensifying a global energy shock.

U.S. and Iran Edge Toward Deal, but War Risks Remain

U.S. and Iranian negotiators are working toward a peace deal tied to reopening the Strait of Hormuz, but officials warn an agreement is not imminent.

Trump rejects Iran counteroffer as Tehran vows not to ‘bow

Trump called Iran’s counterproposal “totally unacceptable,” extending a 10-week conflict that has disrupted Hormuz shipping and lifted oil prices.