Brent oil futures dropped Monday after mediators announced a roadmap for a US-Iran deal within 60 days. Talks in Switzerland follow US President Trump's threats of military action and Iran's closure of the Strait of Hormuz.
Brent oil futures fell as mediators reported a roadmap for a US-Iran deal within 60 days, following talks in Switzerland. This comes after US President Trump's threats and Iran's closure of the Strait of Hormuz.
Despite a new peace deal, the war on Iran and its ripple effects have normalized conflict, causing widespread hardship, economic upheaval, and collateral damage across the Middle East, with ongoing strikes and unresolved issues threatening lasting peace.
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.
OKX is launching regulated perpetual futures linked to ICE's Brent and WTI oil benchmarks for traders outside the U.S., intensifying competition with decentralized platforms like Hyperliquid. The move aims to bridge traditional and digital markets amidst ongoing investigations into suspicious oil bets.
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.
The US CFTC is investigating a surge in oil futures trading that occurred minutes before President Trump announced a delay in attacking Iran. At least five firms reportedly profited over $5 million each, with the probe examining potential insider trading.
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.
Brent oil futures for June delivery surpassed $110 per barrel on May 18, reaching their highest point since May 5. The benchmark rose to $111.35 before settling slightly lower at $110.40.
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.
Brent oil futures with settlement in July rose above $109 per barrel on the London-based ICE exchange for the first time since April 7, 2026, gaining 3.66% to $109.18. Prices later settled at $109.13 per barrel, up 3.61%. WTI futures with June delivery added 3% to reach $97.23 per barrel.
Brent oil futures with delivery in June 2026 climbed above $102 per barrel for the first time since April 13, 2026, on London-based ICE. Brent prices gained 3.58% to $102.01 per barrel before settling at $101.91, up 3.48%. WTI futures rose 3.86% to $93.13 per barrel.
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.
Crypto traders traded more than $500 million in synthetic oil futures over the weekend on the decentralized exchange Hyperliquid, betting that renewed military conflict in the Middle East could push crude prices back to $100 a barrel. The surge in blockchain-based trading followed Iran's abrupt decision to shut the Strait of Hormuz to commercial shipping, […] The post Is crude heading back to $100? Crypto traders drive $500M weekend Hyperliquid oil bets over Strait of Hormuz closure appeared first on CryptoSlate.
