WTI futures pull back from session peaks near $77.55 as Iran sets new conditions for reopening the Strait of Hormuz. West Texas Intermediate (WTI) futures on NYMEX trim early gains but remain 1.6% higher at $77.55 in European trading. The retreat follows a surge driven by
Iran’s new conditions for reopening the Strait of Hormuz keep oil risk premiums elevated amid stalled negotiations with the US. Brent futures edged marginally higher at the start of the week as traders remained cautious due to lingering geopolitical risks. Iran’s latest de
Iran’s six demands for reopening the Strait of Hormuz and Houthi attacks on Saudi refineries lift crude prices above pre-war levels. Oil benchmarks climbed Monday after Iran issued six demands for reopening the Strait of Hormuz and Houthis claimed an attack on an Aramco re
Geopolitical risks and supply concerns push West Texas Intermediate to a four-day high, with traders eyeing a break above $78.00. West Texas Intermediate (WTI) crude oil prices rose to a four-day high during Asian trading, driven by escalating tensions between the U.S. and
Reuters analysis shows China’s 1.2 billion barrel reserves absorb Hormuz disruption, suppressing global price spikes and clouding true supply tightness. China’s strategic crude stockpiles have absorbed nearly 5 million barrels per day of lost Middle East supply from the Ho
Oil prices retreat after a 4% gain last session amid stalled talks to reopen the Strait of Hormuz, a key shipping route. West Texas Intermediate crude fell to $76.40 per barrel in Asian trading, reversing some of Friday’s 4% advance. The decline comes despite ongoing uncer
Record US crude and LNG production offsets Middle East supply losses after Hormuz closure, easing global energy market pressure. The closure of the Strait of Hormuz triggered a global scramble for alternative oil and gas supplies, but record US crude production and rising
Brent crude fell under $80 and WTI below $75 despite escalating regional tensions, as markets price in optimism over U.S.-Iran talks. Oil prices extended losses this week, with Brent crude dipping below $80 a barrel and WTI under $75, as traders dismissed geopolitical risk
Citi raises Brent crude forecast to $80 per barrel Citi has increased its third-quarter Brent crude forecast to $80 per barrel from $75 due to the ongoing U.S.-Iran war. The bank still expects the conflict to be resolved, but the prolonged war has kept more geopolitic
The bank revised its outlook higher due to stalled U.S.-Iran negotiations, though longer-term targets remain unchanged. Citi increased its Q3 2026 Brent crude price forecast to $80 a barrel from $75, citing prolonged U.S.-Iran negotiations as the primary factor. Analysts m
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