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The Business Standard

Wednesday
May 13, 2026

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WEDNESDAY, MAY 13, 2026

Brent crude

Brent crude

The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, US November 24, 2019. Photo: REUTERS/Angus Mordant/File Photo

Oil prices slip on teetering Iran ceasefire as Trump heads to China

Brent crude futures lost 82 cents, or 0.76%, to trade at $106.95 a barrel at 0051 GMT, and US West Texas Intermediate futures fell 66 cents, or 0.65%, to $101.52

File Photo: Reuters

Oil-price bets ahead of Iran war news totalled $7b: Reporting

A drone view shows a Chinese-flagged oil tanker moored at an oil terminal at Tsing Yi port in Hong Kong, China March 19, 2026. Photo: REUTERS/Joyce Zhou

China energy imports drop in April amid Iran war as fuel exports hit decade low

Iraq previously shipped the majority of its oil through the Strait of Hormuz but, on May 1, sent a first shipment of oil by truck through a newly opened border crossing towards a Mediterranean port on Syria's coast. Photo: Farid Abdulwahed/AP Photo/picture alliance

Strategic neutrality: How Syria is winning in the Iran war

An oil products tanker passes the Sydney Opera House at sunrise in Sydney, Australia, March 21, 2026. Photo: REUTERS/Hollie Adams

Australia commits $7b to boost fuel stockpiles, create government reserve

File Photo: Reuters

Oil prices fall a second day as Trump indicates possible Iran peace deal

A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. Photo: REUTERS/Benoit Tessier/File Photo

Oil rises as US-Iran deal remains elusive

A drone view of a pump jack and drilling rig south of Midland, Texas, US June 11, 2025. Photo: REUTERS

Iraq sends first oil convoy to Syria through al-Yarubiyah in 14 years

A drone view of a pump jack and drilling rig south of Midland, Texas, US June 11, 2025. Photo: REUTERS

Oil prices jump 5% on fears of prolonged Hormuz blockade

A drone view of a pump jack and drilling rig south of Midland, Texas, US June 11, 2025. Photo: REUTERS

Oil rises 1% as US-Iran peace talks stall

A view shows an oil pump jack outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. Photo: REUTERS

Oil rises 5% on renewed US-Iran tension

Oil, miniatures of oil barrels, oil pump jack and U.S. dollar banknote are seen in this illustration taken, June 6, 2023. Photo: REUTERS/Dado Ruvic/Illustration/File Photo

Oil prices fall as US-Iran dialogue hopes ease supply concerns

Representational image. Photo: Reuters

Oil jumps nearly 8% to above $102 ahead of US blockade on Iran

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