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News 2026-07-15 17:43 UTC

EMEA Oil Update: Crude Drops as US Reimposes Iran Blockade, Intensifies Strikes

() -- EMEA crude futures fell in after-hours trading on Wednesday as markets assessed the impact of renewed US-Iran conflict, including the reimposition of the US blockade of Iranian ports and fresh military strikes, which further threaten to disrupt global energy supplies. Brent crude futures eased by 0.13% to $84.69

News 2026-07-15 12:46 UTC

Oil Edges Up to a Fresh Month High as Middle East Fighting Intensifies

() -- Oil edged higher to the highest in a month early on Wednesday as fighting between the US and Iran intensified, keeping the Strait of Hormuz blocked again. West Texas Intermediate crude oil for August delivery was last seen up $0.37, or 0.5%, to $79.71 per barrel, the highest since June 15, while September Brent o

News 2026-07-14 12:38 UTC

Oil Extends Rally as US-Iran Fighting Threatens Persian Gulf Supply

() -- Oil rose for a second day early Tuesday as renewed fighting between the US and Iran again threatens to keep Persian Gulf supply off the market. West Texas Intermediate crude oil for August delivery was last seen up $1.66, or 2.1%, to $79.80 per barrel, the highest since June 15, while September Brent oil was up $

News 2026-07-13 13:37 UTC

US Oil Update: Oil Gains After Middle East Hostilities Flare Up Again

() -- Crude oil benchmarks surged on Monday rising more than 3% following military escalation between US and Iran over the weekend sparking supply concerns. Brent crude futures rose 3.6% to $78.72 per barrel, while West Texas Intermediate crude futures gained 3.4% to $73.88/bbl. "Oil prices jumped, with Brent trading n

News 2026-07-09 14:23 UTC

US Oil Update: Futures Hover Near 2-Weeks High Amid US-Iran Retaliatory Strikes

() -- Global oil prices hovered near a two-week peak on Thursday as the energy markets faced severe disruptions after Iranian forces targeted US military assets in neighboring Gulf states. Brent crude futures eased 0.3% to $77.77 per barrel after surpassing $80/bbl in the previous session, while West Texas Intermediate

News 2026-07-09 12:41 UTC

Oil Prices Rise on Renewed Fighting Between the US and Iran

() -- Oil rose for a third day early Thursday as renewed fighting between the U.S. and Iran threatens to keep the Strait of Hormuz closed, again shutting in tankers bringing Persian Gulf supply to the market. West Texas Intermediate crude oil for August delivery was last seen up $0.41, or 0.6%, to $73.93 per barrel, wh

News 2026-07-09 07:35 UTC

EMEA Oil Update: Brent Nears $80 on Renewed US-Iran Hostilities

() -- Oil prices surged near multi-week highs on Thursday after US President Donald Trump called the US-Iran ceasefire "over," following US military strikes against Iranian targets triggered by renewed attacks on commercial shipping in the Strait of Hormuz. Brent crude futures steadied at $78.03 per barrel after briefl