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Oil News: $100 Crude Back in Focus as Strait Closure Risk Builds
Oil markets brace for potential Strait of Hormuz closure after U.S.-Iran escalation, with $100 crude emerging as a real upside risk for traders.
Oil markets on edge as Iran moves to restrict vital Strait of Hormuz shipping lane, report says
Possibly threatening the global oil supply, Iran is reportedly restricting navigation through the Strait of Hormuz following U.S. and Israeli major strikes.
Trump's War on Iran Threatens to Drive Up Oil Prices and Inflation
The disruption to the Middle East's prodigious energy exports could have far-reaching economic consequences.
How the attack on Iran could impact the global oil market and economy
The U.S.-Israeli attack on Iran raises the risk that the Islamic Republic could try to make the Strait of Hormuz unsafe for commercial traffic in retaliation. About a third of seaborne oil exports and 20% of liquid natural gas exports pass through the strait.
Iran conflict raises talk of a return to $100-a-barrel oil
The U.S. and Israel attacked Iran on Saturday, putting a key regional source of the world's crude oil at risk and raising talk of a return to $100-a-barrel oil prices.
What Iran Attack Means For Oil
Bloomberg Economics Chief Emerging Markets Economist Ziad Daoud, PhD, talks about how energy and oil prices will be impacted by the attacks on Iran. -------- More on Bloomberg Television and Markets Like this video?
Any chance the Fed cuts rates this year is ‘evaporating before our very eyes' as Iran tensions raise oil prices
With oil prices rising in response to growing tensions with Iran, the rationale for additional interest-rate cuts by the Federal Reserve is disappearing.
OPEC+ may consider larger oil output boost, sources say after Iran strike
OPEC+ will likely consider a larger oil output increase, two sources familiar with OPEC+ thinking said on Saturday, after the U.S. and Israel launched military strikes on Iran.
Jump in oil prices may reflect worry about Iran delays on nuclear deal, analyst says
Oil prices were climbing on Friday, shaking off losses from the previous session, as markets get increasingly nervous about delays in reaching a deal to end Tehran's nuclear ambitions.
Petronas sees profit slide for third straight year as oil prices weigh on margins
Malaysian state energy firm Petroliam Nasional Bhd IPO-PETO.KL, on Friday warned of eroding margins amid persistent geopolitical and economic risks, as subdued oil prices saw its profits decline for the third straight year.
Oil Falls on Expectations U.S.-Iran Talks to Continue Next Week
Oil fell in Asian trade on expectations that the U.S.-Iran talks will continue next week.
Alberta projects C$9.4 billion deficit on lower oil prices
The Canadian oil-producing province of Alberta forecast a budget deficit of C$9.4 billion ($6.87 billion) for its 2026/27 fiscal year on Thursday, breaking its own rules on allowable deficit financing and blaming lower global crude prices that have walloped the government's resource revenues.
