Brent crude oil futures for September delivery exceeded $80 per barrel on London's ICE exchange for the first time since June 22. WTI crude futures also saw a significant rise.
Brent crude oil futures for September 2026 delivery on London's ICE exchange have climbed above $78 per barrel, marking the first time since June 23, 2026. Prices saw significant increases throughout the morning, with WTI crude oil futures also rising.
Brent crude oil futures for September 2026 delivery surpassed $74 per barrel on London's ICE, marking the first time since June 30, 2026. WTI crude oil futures for August 2026 also saw an increase.
Brent crude oil futures for August 2026 delivery fell below $76 per barrel on London's ICE exchange, marking the first time since March 2, 2026. WTI crude futures also saw a decline.
Iran has announced the closure of the Strait of Hormuz to all traffic following new US strikes. The US Central Command disputes this, stating commercial vessels continue to transit. Brent crude oil prices surged by 1.9% amid the escalating tensions.
Oil prices dropped significantly on hopes of a US-Iran deal to reopen the Strait of Hormuz. However, analysts warn Asian economies may struggle to recover quickly from the energy shock due to backlogs and depleted inventories.
Brent crude oil futures for July 2026 delivery fell below $97 per barrel on London's ICE exchange for the first time since May 11, 2026, with prices down 6.41% to $96.9 by 3:23 p.m. Moscow time. WTI futures also saw a significant drop.
Elizabeth Gaines is leaving Fortescue after 13 years, stepping down as executive director on June 30. Former Dutch Deputy PM Sigrid Kaag will join the board. Meanwhile, ASX 200 futures indicate a 0.7% drop.
Brent crude oil futures for July 2026 delivery fell below $103 per barrel on the ICE exchange in London, reaching $102.36 by 8:56 p.m. Moscow time. WTI crude oil futures also saw a decline.
Brent crude oil futures for July 2026 delivery surpassed $112 per barrel on London's ICE exchange for the first time since May 5, 2026, driven by trading data showing prices reaching $112.15. WTI futures also saw gains.
Oil prices surge due to attacks on UAE nuclear plant and potential US military action on Iran. G7 finance ministers meet in Paris amid energy crisis. Australia orders divestment of Northern Minerals shares from Chinese companies. US sees new Fed chair, global markets react to inflation fears.
US Department of Energy revises 2026 Brent crude oil price forecast down to $94.85/barrel, citing Middle East production disruptions and inventory decreases.
US President Donald Trump said a month-long ceasefire with Iran was on “massive life support” as he rejected Tehran’s response to a peace proposal. The Iranian reply was a “piece of garbage”, Trump told reporters in the White House on Monday. “I didn’t even finish reading it.” The comments helped to push the price of Brent crude oil above US$106 a barrel on Tuesday. Trump is expected to discuss the war with Chinese President Xi Jinping in a Beijing summit on Thursday, as Iran’s 10-week shutdown...
As of 15:49 Moscow time, Brent was down 5.17% at $96.03 per barrel
Rolling coverage of the latest economic and financial newsClimate campaigners attack Shell over ‘windfall’ profits from Iran warThe Brent crude oil price is dropping this morning, towards the two-week lows hit yesterday.Brent is down around 3% at $98.30 a barrel, back below the $100 a dollar mark, following Donald Trump’s claim that it’s “very possible” will agree a peace deal.Oil fell sharply on Wednesday as markets priced a lower risk of prolonged disruption in the Strait of Hormuz, after the US reportedly sent a one-page proposal through Pakistan aimed at ending the conflict and gradually reopening the waterway. Iran is expected to respond in the coming days, with nuclear talks likely to follow later. Continue reading...
Brent crude oil rose to $126.3 per barrel on Thursday, its highest since March 2022, as US-Iran negotiations stalled and reports emerged that President Trump may extend the blockade of Iranian ports. WTI crude also jumped 10.5% to $110.5. The Strait of Hormuz, which handles 25% of global crude trade, continues to face disruptions. Iran has warned it will prevent US and allied vessels from transiting the strait and is prepared to launch unprecedented military action to lift the blockade.
Brent crude oil prices surge past $125 per barrel amid growing concerns about potential escalation in the Iran war, according to an Associated Press report from Hong Kong.
The United Arab Emirates plans to exit Opec and increase oil production to 5 million barrels per day, up from current 3.4 million, representing a 1-2% shift in global demand. While Asia's import-heavy economies like Japan, India and South Korea stand to benefit long-term, the ongoing closure of the Strait of Hormuz prevents immediate price relief. Global oil prices surged Wednesday with Brent crude hitting US$111 per barrel and WTI approaching US$100.
Brent crude oil futures for July 2026 delivery on London's ICE rose above $111 per barrel for the first time since April 7, 2026, with prices up 2.81% to $111.27 by 8:36 a.m. Moscow time. WTI crude futures for June 2026 delivery also gained 2.48% to $98.76 per barrel.
BP has reported nearly $3.2bn profit in Q1 2026, more than double the $1.38bn from the same period last year, driven by exceptional contributions from oil trading operations amid the Iran war that began at the end of February. The surge in oil and gas prices in March disrupted regional energy supplies, benefiting the oil major despite ongoing Middle East conflict. CEO Meg O'Neill acknowledged the "environment of conflict and complexity" while noting strong operational performance and increased production in the Gulf of America.
Brent crude oil futures for June 2026 delivery rose 5.5% to $97.5 per barrel on London's ICE, while WTI crude futures increased 5.35% to $88.49 per barrel. The trading occurred on April 19, 2026.
