… ed last month would lead to a permanent halt to the war, which has engulfed Iran’s neighbors. “The chances of oil moving back toward $100 in the reasonably near term are still meaningful if hostilities intensify which damages energy infrastructure around the Gulf,” Tim Waterer …
… lockade of Iranian shipping and proposed charging a 20% fee to guard the Strait of Hormuz. “The latest escalation, including the U.S. reinstatement of the blockade and Iranian responses, has clearly injected fresh risk into the market,” KCM Trade chief market analyst Tim Waterer …
… pre-Iran war levels on Monday. “The steps towards recovery in supply have eased the immediate risk premium, but the market remains wary of putting too much faith in the stability of the current truce given the on-again-off-again nature of U.S.-Iran relations,” said Tim Waterer …
… e week was up 0.35% and WTI up 0.43%, the smallest weekly movements for both in months. “It’s a case of guarded optimism, with the market wanting to believe the peace efforts will hold, but it’s still hedging its bets until it sees real evidence on the water,” said Tim Waterer …
… Both Brent and WTI prices are almost back at pre-war levels on February 27. “Investors are pricing in hopes of a positive outcome from the Doha talks, even though real normalisation of flows through the Strait of Hormuz is not yet visible,” said Tim Waterer, chief market analyst …
… ludes the lifting of U.S. sanctions on Iranian oil, which would increase supply. “Traders are still waiting for hard evidence that tanker traffic through the Strait of Hormuz is actually normalising before committing to the next leg lower,” KCM Chief Market Analyst Tim Waterer …
… ping the fighting but a final agreement for a lasting truce “has yet to take shape.” “The devil may be in the details, and until those details emerge, the market is likely to show restraint regarding the further unwinding of the risk premium in energy markets,” said Tim Waterer …
… hopes of an imminent end to the wider war, but pared gains after Iran’s armed forces announced the end of military operations against Israel. “While there is some relief from the latest pause in direct strikes, investors are not convinced the truce will hold,” said Tim Waterer …
… focused on whether there’s any concrete progress or setbacks in U.S.-Iran negotiations, the tone and substance of statements from both sides (particularly Iran’s threats regarding the Strait of Hormuz), and actual physical tanker movements through the waterway,” said Tim Waterer …
… West Texas Intermediate (WTI) crude fell $2.02, or 1.9%, to $104.40, after gaining 4.4% in the previous session. “The successful escorted exit of the Maersk-operated vessel has helped ease some immediate supply disruption fears,” said Tim Waterer, chief market analyst at KCM Tr …
Oil rose on Wednesday as President Trump reimposed a naval blockade on Iranian ports and Iran launched retaliatory strikes on U.S. infrastructure. Brent crude closed at its highest since June 12 and WTI at its highest since June 15, with prices driven up by supply disruptions in the Strait of Hormuz, where one-fifth of the world's oil and liquefied natural gas transited before the war.
Oil rose on Wednesday as President Trump reimposed a naval blockade on Iranian ports and Iran launched retaliatory strikes on U.S. infrastructure. Brent crude closed at its highest since June 12 and WTI at its highest since June 15, with prices driven up by supply disruptions in the Strait of Hormuz, where one-fifth of the world's oil and liquefied natural gas transited before the war.
Oil prices rose nearly 3% on Tuesday to their highest in four weeks after the U.S. reimposed a naval blockade of Iran while the two countries stepped up attacks in the Strait of Hormuz, with Brent crude reaching $84.80 per barrel and U.S. West Texas Intermediate rising to $79.84. The escalation has injected fresh risk and uncertainty into energy markets.
Brent crude gained 0.39% to $72.29 and U.S. West Texas Intermediate rose 0.26% to $68.84 a barrel as traders shifted focus from easing Middle East tensions to supply increases and demand prospects. The U.A.E. raised crude output above 3.8 million bpd in June, its highest since April 2020, after leaving OPEC+ production quotas in May.
Brent crude and West Texas Intermediate rose slightly on Friday before a long U.S. holiday weekend, as wary optimism held over peace efforts between the United States and Iran in the Middle East. Shipping has partially resumed through the Strait of Hormuz, and Gulf producers are ramping up production following an initial deal between the two countries.
Brent crude fell 0.9% to $72.51 a barrel as investors focus on potential U.S.-Iran negotiations in Doha amid a strained interim ceasefire, with prices down around 22% from last month and nearly back to pre-war levels from February 27.
Oil prices fell on Friday as oil tankers began moving through the Strait of Hormuz following a U.S.-Iran interim peace deal, with Brent crude futures down 0.68% to $78.31 a barrel and analysts expecting over 85 million barrels of stranded Middle East Gulf oil to reach global markets alongside the lifting of U.S. sanctions on Iranian oil.
Oil prices rebounded on Tuesday amid concerns about the lack of details in a preliminary agreement to end the US-Iran war and uncertainty about how quickly the blocked Strait of Hormuz would reopen. Brent crude gained 0.3% to $83.42 a barrel and US West Texas Intermediate rose 0.3% to $81.12 a barrel.
Brent crude and U.S. West Texas Intermediate prices rose slightly after Iran and Israel halted attacks following an appeal from U.S. President Donald Trump, though investors remain uncertain whether the truce will hold given lingering geopolitical tensions and the possibility of resumed strikes.
Oil prices remained mostly steady on Tuesday as conflicting reports about US-Iran negotiations created market volatility, with Brent crude at $95.04 and West Texas Intermediate at $91.99 per barrel. President Trump said talks were ongoing and expected a ceasefire extension and Strait of Hormuz reopening within a week, while Tehran's news agency reported suspended negotiations.
Oil prices eased more than 1% on Tuesday after the U.S. Navy launched an operation to loosen Iran's closure of the Strait of Hormuz, with a U.S.-flagged vessel successfully exiting the Gulf with military escort. Brent crude fell to $113.22 per barrel and WTI crude to $104.40, though analysts cautioned the escorted passage remains a limited event rather than full reopening.