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Brent Oil

Oil drops on hopes of Iran-US deal over Hormuz

Oil prices extended their losses on Thursday as investors assessed the possibility of a Middle East peace agreement that could reduce supply risks and potentially allow for the gradual reopening of the Strait of Hormuz.

07 May 2026-11:59
Brent crude drops below $98 on US-Iran peace hopes

Brent crude continued to decline amid growing hopes that the Strait of Hormuz could soon reopen, easing supply concerns in global oil markets.

06 May 2026-16:00
Hormuz tensions drive oil prices sharply higher

Oil prices surged sharply as renewed violence in the Strait of Hormuz raised concerns about the stability of the fragile ceasefire between the United States and Iran.

05 May 2026-09:43
Brent crude hits near $115 after Iran-US naval incident

04 May 2026-14:55
Oil prices climb to highest level since 2022

30 Apr 2026-12:25
Oil prices jump as Iran-US talks stall, supply tightens

27 Apr 2026-11:44
Oil prices surge above $106 on Hormuz crisis

Oil prices surged above $106 per barrel amid rising tensions between the United States and Iran in the Strait of Hormuz, following tit-for-tat seizures of commercial vessels by Washington and Tehran.

24 Apr 2026-09:51
Oil extends rally as US–Iran standoff chokes Hormuz

Oil prices rose for a fourth consecutive day as tensions between the United States and Iran escalated over control of the Strait of Hormuz following the collapse of efforts to restart peace talks.

23 Apr 2026-11:13
Oil prices ease on hopes of Iran-US ceasefire talks

Oil prices edged lower on signs that Iran may attend negotiations with the United States in Islamabad ahead of the expiry of a ceasefire between the two sides.

21 Apr 2026-10:56
Oil prices rebound amid renewed Hormuz tensions

20 Apr 2026-11:06

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