Brent Crude
Oil prices rose due to strikes on vessels in the Middle East and the lack of talks between Iran and the United States. U.S. oil inventories increased by 9.1 million barrels, which could ease concerns about a shortage.
The U. S. Energy Information Administration raised its forecast for Brent prices to $87 per barrel for 2026 due to restrictions on transit through the Strait of Hormuz. Retail gasoline prices are projected to rise to $3.78 per gallon, contrasting with Trump's statement that the strait is open.
Due to the war in the Middle East, damage to refineries in the Persian Gulf and strikes on Russian refineries, Europe risks experiencing a diesel shortage. Fuel prices have already risen by nearly 40%, while stockpiles have fallen by 30%.
Oil prices rose after Iran's attacks in the Strait of Hormuz. Iran plans to restrict the passage of American vessels through the strategic waterway.
China's Sinopec has increased its purchases of Russian ESPO crude oil to offset reduced supplies from the Middle East due to the war against Iran. The company purchased 30–40 cargoes of oil for delivery from July through September.
Discounts on Russian Urals oil for India have narrowed to $1–2 per barrel due to increased demand from Indian refineries amid supply disruptions from the Middle East. Earlier in July, Russian oil was sold in India at a discount of over $10 per barrel.
Brent oil prices rose by 1. 7% to $84.73, and WTI by 1.5% to $79.34 due to the US reinstating a naval blockade of Iran.
Global oil prices rose by more than 9% due to US plans to reinstate a naval blockade of Iran. Analysts link this to fears of supply disruptions through the Strait of Hormuz.
Iran launched a new wave of missile and drone attacks on American bases after US strikes on central and southern Iran. Oil prices rose by more than 3%.
Global oil prices are heading for their biggest weekly drop after shipping through the Strait of Hormuz resumed. WTI crude fell to $75 per barrel, losing more than 9% over the week.
Brent crude prices fell below $80 due to a peace agreement between the US and Iran. The restoration of traffic through the Strait of Hormuz has stabilized global supplies.
The US-Iran deal could crash oil prices to $50 per barrel. Systemic strikes on Russian refineries are deepening the fuel deficit in the aggressor country.
Oil prices dropped due to a peace agreement between the U. S. and Iran to unblock the Strait of Hormuz. However, a full restoration of supplies could take months.
Brent and WTI prices dropped by 3. 6% after the US canceled airstrikes on Iran. Donald Trump halted the attack following the approval of points in a new deal.
Analysis by The Economist indicates a critical increase in the intensity of AFU attacks. The aggressor's revenues from energy exports have fallen by one third.
Brent rose to $93. 10 due to Trump's threats to attack Iran. The US President announced the secret escorting of tankers to curb market prices.
The price of Brent rose to $97. 56 after US strikes on facilities in Iran. The market remains tense due to risks of further escalation of the conflict.
Global Brent crude prices dropped by over 4% amid negotiations to open the Strait of Hormuz. The US stock market is showing growth.
The price of Brent rose to $111 due to the war between the US and Iran. Risks of oil supply blockades are provoking stock market declines and rising interest rates.
The Trump administration did not extend the waiver for purchasing Russian oil amid the war with Iran. This decision was made despite the risks of rising fuel prices.
The war in the Middle East will add up to 3% to inflation and slow down Ukraine's GDP. The NBU is ready to tighten monetary conditions to maintain stability.
Brent crude rose to $108 due to the blockade of the Strait of Hormuz. The US is considering Iran's conditions for a ceasefire and the restoration of transit.
The Trump administration may extend Jones Act waivers to stabilize oil prices. This would allow foreign vessels to transport fuel between ports.
Traders predict oil shortages for months due to the halt of traffic in the Strait of Hormuz. Restoration of supply chains will take up to four months.
The cost of Brent and WTI decreased amid a truce in Lebanon and Trump's statements about negotiations. The market is stabilizing after the blocking of the Strait of Hormuz.
Brent futures rose to $95. 19, while WTI fell to $91.05. The market awaits US-Iran talks amid limited fuel supplies.
Oil prices rose as the US Navy prepared to blockade the Strait of Hormuz. Restrictions on Iranian oil exports have brought the market back to triple-digit prices.
The cost of Brent and WTI increased due to the halt of tanker traffic and reduced production in Saudi Arabia. Experts predict a price of up to $190 per barrel.
Due to the energy crisis and rising Urals oil prices, Russia's tax revenues in April will reach 700 billion rubles. This is twice the figure for March.
The cost of Brent and WTI fell by almost 20% due to a two-week ceasefire between the US and Iran. This is the largest one-day price drop since the 1991 war.