… sets and the launch of a reconstruction and development plan for Iran. “High-level talks between the US and Iran in Switzerland over the weekend appear to have produced some progress, with both sides agreeing to establish a high-level committee,” IG market analyst Tony Sycamore …
… esume his bombing campaign if Iran’s leaders “don’t behave”. “The sell-off extended as energy markets continued to aggressively price in a faster-than-expected return of Iranian barrels following the recent U.S.-Iran memorandum of understanding,” IG market analyst Tony Sycamore …
… Even with the current agreement, it remains unclear how quickly the curtailed supply will be able to return to the market. “The path back to normal supply flows remains far from straightforward,” said Tony Sycamore, market analyst at IG. …
… Iran’s semi-official Fars news agency reported that Tehran had not approved the text of any agreement. “While this could, of course, be yet another false dawn, the market’s reaction has been both swift and decisive,” said IG market analyst Tony Sycamore. …
… immediately “stop ‘shooting'”, though Tehran said it would resume strikes if Israel continued to hit Hezbollah in Lebanon. “While this helped stop the situation snowballing, the geopolitical backdrop remains tense, and a lasting peace deal remains elusive,” said Tony Sycamore …
… President Donald Trump said on Thursday he believed progress was being made between Israel and Lebanon and that Lebanon deserved to have peace. “Any optimism remains heavily clouded by a tangled web of headlines and counter-headlines,” IG market analyst Tony Sycamore said in a …
… would amount to a limited de-escalation of a conflict that has inflamed the broader war with Iran. “With headlines continuing to fly out of the Middle East, oil prices are set to remain volatile until clearer evidence of progress towards a peace deal emerges,” said Tony Sycamore …
… was becoming a concern as supplies remained restricted. “With the world rapidly burning through commercial stockpiles, strategic reserves, and crude held in floating storage, the underlying supply squeeze remains a potent tailwind for oil prices,” IG market analyst Tony Sycamore …
… ing Iran’s alleged nuclear weapons programme and Iran demanding some control over the strait and reparations for damage from the war. “Prospects for any near-term resolution to the Iran conflict or a reopening of the Strait of Hormuz remain dim,” IG market analyst Tony Sycamore …
Oil prices declined on Monday following the conclusion of US-Iran talks in Switzerland, where Tehran said it had secured waivers for oil and petrochemical exports. Brent crude fell 1.90% to $79.04 a barrel, while West Texas Intermediate crude futures dropped to $76.53 a barrel.
Oil prices declined on Monday following the conclusion of US-Iran talks in Switzerland, where Tehran said it had secured waivers for oil and petrochemical exports. Brent crude fell 1.90% to $79.04 a barrel, while West Texas Intermediate crude futures dropped to $76.53 a barrel.
Oil prices fell after the U.S. and Iran signed an interim agreement to end the Iran war, reopen the Strait of Hormuz, and waive U.S. sanctions on Tehran's oil. Brent crude futures dropped 1.12% to $78.66 a barrel and U.S. West Texas Intermediate fell 1.28% to $75.81 a barrel as markets priced in a faster-than-expected return of Iranian barrels.
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 fell $1.83 (2%) to $88.55 a barrel and U.S. West Texas Intermediate dropped $1.60 (1.8%) to $86.11 after U.S. President Donald Trump called off planned strikes on Iran on Thursday, citing progress in discussions that could lead to a peace deal reopening the Strait of Hormuz to shipping as soon as this weekend.
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.
Brent crude fell 0.22% to $95.24 a barrel and U.S. West Texas Intermediate dropped 0.11% to $92.94 a barrel on Friday, as prospects for a near-term end to the U.S.-Israeli war with Iran dimmed following Hezbollah's rejection of a ceasefire in Lebanon. Both contracts are set to post their first weekly gain in three weeks, with WTI up more than 6%, amid Middle East tensions and concerns about falling global oil inventories.
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.
U.S. crude futures rose 2.71% to $89.73 a barrel and Brent futures rose 2.37% to $93.28 a barrel after Israel ordered troops further into Lebanon in fighting with Hezbollah, despite a ceasefire announced more than six weeks ago. The escalation dimmed expectations for a U.S.-Iran ceasefire extension and raised concerns about mines in the Strait of Hormuz shipping lane.
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.
Brent oil prices rose as much as 7% on Thursday following reports that the U.S. is considering potential military action against Iran to break a deadlock in nuclear negotiations, raising concerns about further disruptions to Middle East energy exports. The June Brent contract rose $6.81 to $124.84 a barrel, with both Brent and WTI benchmarks on track for their fourth consecutive month of gains.