Oil prices news, events & figures

Stocks rally, oil drops as U.S.-Iran deal points to Hormuz reopening

Global stocks rose and oil fell Monday after the U.S. and Iran reached a tentative framework deal expected to reopen the Strait of Hormuz.

Oil falls nearly 4% after Wright says Hormuz traffic is rising

Oil prices fell Tuesday after U.S. Energy Secretary Chris Wright said ship traffic through the Strait of Hormuz is increasing.

Oil falls as Trump says Iran deal could reopen Hormuz soon

Oil prices fell Tuesday after Trump said a deal with Tehran could be days away, though no agreement to reopen Hormuz has materialized.

Asian stocks slide as tech sell-off and Middle East strikes unsettle markets

Asian and European markets fell as tech shares sold off and renewed Iran-Israel strikes pushed oil prices higher before Brent eased back.

Oil jumps as Iran says it targeted U.S. airbase after new strikes

Oil prices climbed Thursday as renewed U.S.-Iran hostilities raised fresh concern over shipping through the Strait of Hormuz, a vital energy route.

Modi urges Indians to cut gold buying and foreign trips as rupee pressure builds

Narendra Modi has asked Indians to curb gold purchases, fuel use and foreign travel as higher oil costs strain the rupee and India’s foreign balances.

Oil Prices Climb as U.S.-Iran Cease-Fire Wobbles

Oil prices rose as President Trump cast doubt on the U.S.-Iran cease-fire and investors grew more cautious about the conflict’s economic impact.

Iran Says It Will Keep Fighting After Trump Rejects Peace Offer

Trump rejected Iran’s latest peace response as unacceptable, prolonging uncertainty over the Strait of Hormuz and global energy supplies.