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Brent Crude Oil

Oil up 5% as Hormuz worries heighten supply risks

Oil prices surged nearly 5% on Thursday as concerns grew over the fragile two-week Middle East ceasefire, raising fears that energy flows through the vital Strait of Hormuz could remain limited, with shippers hesitant to resume transit.

09 Apr 2026-20:25
Oil price swings before Trump’s Iran deal deadline

Global oil prices have seen fluctuations as the deadline set by US President Donald Trump for Iran to reopen the key Strait of Hormuz shipping route approaches.

07 Apr 2026-18:59
What is driving global energy and oil price volatility

Global energy markets are currently experiencing heightened volatility due to a combination of geopolitical tensions, supply constraints, and shifting demand patterns. The price of Brent crude oil, which serves as a key international benchmark, has been particularly sensitive to developments in major producing regions.

31 Mar 2026-19:30
Amid Middle East unrest, Azerbaijani oil prices soar to new high

The price of Azerbaijan's Azeri LT CIF oil rose by $2.99, or 2.46%, to reach $124.24 per barrel in the global market.

28 Mar 2026-14:58
Oil prices spike above $110 as Iran closes Strait of Hormuz

Oil prices have spiked once more after Iran declared the Strait of Hormuz "closed" and warned that any transit through the waterway would face "severe measures."

27 Mar 2026-17:39
Oil prices climb 5% as negotiations unfold

Oil prices have risen by 5 percent following reports of backchannel negotiations between the US and Iran.

26 Mar 2026-17:59
Oil nears $110 after strike on major gas field

Oil prices surged on Wednesday, with global benchmark Brent climbing close to $110 a barrel after an attack on the world’s largest natural gas field shared by Iran and Qatar.

18 Mar 2026-22:23
Oil prices drop from one-week peak amid Iran war uncertainty

Oil prices dropped on Monday after reaching one-week highs earlier in the day, as uncertainty grew over the potential length of the Iran war and the possible near-blockage of the Strait of Hormuz.

16 Mar 2026-19:18
Oil tops $106 as Trump seeks to reopen Hormuz Strait

Global oil prices continued their climb on Monday as uncertainty grows over the effective closure of the Strait of Hormuz, a critical waterway that normally carries about one-fifth of the world’s oil supply.

16 Mar 2026-10:32
Global fuel crisis: Oil prices surge over 40% since the Iran conflict started

Global oil markets have responded dramatically to the increase in military strikes against Iran.

14 Mar 2026-12:30

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