Trump's Iran war speech paints a grim picture for oil markets with more than 600 million barrels at risk
The oil market was hoping that President Donald Trump would present a clear exit strategy in the U.S. war against Iran. Instead, Trump vowed to continue the war for weeks and hit Iran "extremely hard" during his national address Wednesday night.
OPEC+ likely to weigh further oil output hike on Sunday, sources say
OPEC+ is likely to weigh a further oil output increase when eight members meet on Sunday, two OPEC+ sources said, a move that would position key producers to add more barrels should the Strait of Hormuz - the world's most important oil route, currently shut by the U.S.-Israeli war with Iran - reopen.
Trump's Iran timeline may not be short enough to avoid oil demand destruction
U.S. President Donald Trump said he will end the war in Iran within three weeks. Concerns about oil demand destruction and potential energy rationing are still lingering in markets.
Oil prices rise over 7% as Trump speech leads to uncertainty on Iran war
President Donald Trump's address left investors with concerns over a potential endpoint for the conflict
Trump's threat to hit Iran 'extremely hard' jolts Asian stocks, U.S. futures and oil first
Trump's escalation warning pushed Asian stocks down and oil prices sharply higher. Markets reversed gains as hopes of a quick war exit faded.
Oil Prices Rebound as Trump Exit Talk Fails to Ease Strait of Hormuz Supply Fears
Oil prices briefly fell after Donald Trump's comments raised hopes of a U.S. exit from the Iran conflict, but quickly rebounded as unresolved tensions and risks around the Strait of Hormuz kept supply concerns and upside momentum intact.
Oil prices fall in choppy trade as Trump addresses the U.S. on Iran war
U.S. West Texas Intermediate crude futures for May dropped 0.43% to $98.42 a barrel as of 9:15 p.m. ET. International benchmark Brent crude was flat at $101.08 per barrel.
Oil prices drop on hopes of US pullback from Iran war
Oil prices fell more than $1 early on Thursday as markets awaited an address to the nation by President Donald Trump that could signal a U.S. pullback from the war in Iran.
Oil Falls on Prospects of Quick End to U.S.-Iran Conflict
Oil fell on the prospect of a quick end to the U.S.-Iran conflict. The markets have continued to price in de-escalation, said FOREX.com,
Price of Brent Should Be Higher to Reflect Situation in Iran War, Says Ellen Wald
Ellen Wald, president of Transversal Consulting and senior fellow at the Atlantic Council, said that despite high oil prices she feels the price of brent should be even higher to reflect the reality of the situation amid the war with Iran. Wald said that the US could better insulate itself from the impacts of future energy crises by improving the interdependence between the US, Canada and Mexico in North American oil production.
Brent oil futures fall as low as $98 ahead of Trump's address on Iran war
President Donald Trump and Iranian President Masoud Pezeshkian both suggested the conflict could end soon
Brent Crude Falls Close to $100, Stocks Surge on Peace Hopes
U.S. stocks looked set to extend Tuesday's rally, while blue-chip indexes surged in Asia and Europe. Investors will watch an address from Trump later for an update on the conflict.
