The OPEC+ alliance agreed to increase production by 188,000 barrels per day starting in July. Seven countries plan to fully lift restrictions by the end of September.
The blockade of the Strait of Hormuz will affect the global oil market until the end of 2026. Experts predict a prolonged recovery of logistics and high prices.
The parties decided to discuss highly enriched uranium stockpiles later due to the complexity of the topic. Trump called the removal of the material a PR stunt while the war continues.
The Russian Federation will purchase 110 billion rubles worth of foreign currency and gold for the first time since 2025 due to rising oil prices. This will help replenish the fund's reserves, which have been depleted by the war.
The UAE plans to withdraw from OPEC and increase oil production. This will crash global prices and make Russian exports unprofitable due to high production costs.
Saudi Aramco has cut the price of Arab Light crude for Asia by $4 per barrel. The cost remains at record levels due to the war and restrictions in the Strait of Hormuz.
Brent crude fell to $106 following Trump's statement on vessel protection. The U.S. President also reported on negotiations with Iran regarding ending the war.
Seven OPEC+ countries will increase production by 188,000 barrels per day in June. This decision is a formality due to the blocking of exports in the Strait of Hormuz.
Brent price rose to $126 due to a potential resuming of the conflict between the US and Iran. Trump is reviewing military plans and maintaining the blockade of the Strait of Hormuz.
Donald Trump stated that the UAE's withdrawal from OPEC would lower fuel costs. However, the market responded with Brent oil prices rising to 2022 record highs.
The price of a Brent barrel has risen to $120 for the first time since 2022 amid the naval blockade of Iran. The UAE announced its withdrawal from OPEC due to the escalation of the conflict.
The UAE is leaving OPEC due to the war with Iran and disagreements with allies. This decision will weaken the cartel and help the US lower global oil prices.
Tehran has set a fee of $1 per barrel of oil for vessels. Payment in cryptocurrency is intended to protect transactions from tracking and sanctions.
Brent crude rose to $110. 34 after US threats to destroy Tehran over the strait blockade. Iran rejected a ceasefire and continues the blockade.
Brent and WTI prices rose amid expectations of negotiation outcomes and the closure of the Strait of Hormuz. OPEC+ agreed to a slight increase in production for May.
Oil prices rose after Trump's threats to strike Iranian infrastructure. The market fears a halt in supplies through the critical Strait of Hormuz.
From May, OPEC+ countries will increase oil production by 206 thousand barrels per day. Due to infrastructure damage, significant price fluctuations are possible in the market.
The US presidential administration imposed an information lockdown and canceled all of Trump's public appearances. The White House denies rumors of hospitalization.
Iran has allowed Iraqi vessels free passage through the Strait of Hormuz for oil exports. This decision could bring 3 million barrels per day back to the global market.
Donald Trump's statement about possible strikes on Iran provoked a rise in Brent and WTI prices. US fuel exports reached a record amid supply shortages.
Ukrainian attacks on ports and refineries have reduced Russia's export capacity by 20%. Due to overflowing storage facilities, the country is forced to shut down oil fields.
In February, Russia's oil export revenues fell to $9. 5 billion. The reason for this was Western sanctions and attacks on Russian oil infrastructure.
The conflict in the Middle East has led to a sharp jump in oil prices due to the risks of volume loss and transit problems. This could lead to an increase in fuel prices in Ukraine.
Analysts predict a rise in oil prices due to escalating conflict in the Middle East, particularly supply disruptions through the Strait of Hormuz. Oil futures jumped, reaching multi-month highs.
OPEC+ is considering an emergency expansion of oil production to 411,000 or 548,000 barrels per day to stabilize the market. Saudi Arabia and the UAE are already increasing export capacities due to possible supply disruptions.
India imports the largest amount of crude oil from Saudi Arabia in over six years as the US pressures it to reduce purchases of Russian oil products.
Oil is getting cheaper amid IEA forecasts of a record surplus of 3. 7 million barrels per day by 2026. The softening of US rhetoric towards Iran also affects prices.
Global oil prices are showing their first weekly decline in 2026. This is due to concerns about a crude oil surplus and ongoing negotiations between the US and Iran.
Global oil prices are rising due to the escalating geopolitical situation around Iran, which negates the impact of increased US inventories. The US is considering seizing tankers with Iranian oil and deploying an aircraft carrier group.
Oil prices rose more than 1% after a fall, but are heading for their first weekly decline in almost two months. Investors are focused on US-Iran talks.
