Oil price

Oil price

Cargo ships in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the US-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026. Photo: File/Reuters

Oil falls ahead of US announcement on new Iran sanctions

Brent crude futures fell $1.22, or 1.29%, to $93.17 by 0035 GMT, while US West Texas Intermediate crude was at $85.86 a barrel, down $1.20, or 1.38%

Oil tankers passing through the Strait of Hormuz in 2018. Photo: Reuters

Oil prices rise amid US-Iran stalemate

Representational image. Photo: Reuters

Oil rises on uncertainty over reopening of Hormuz

Oil tankers passing through the Strait of Hormuz in 2018. Photo: Reuters

Oil rises on concerns over Strait of Hormuz reopening plans

A man walks next to pumpjacks, in Rmelan, Syria, February 9, 2026. Photo:Reuters.

Oil steady as traders assess shipping flows; monthly gains in sight

Representational image. Photo: Reuters

Crude jumps on fresh Mideast flare-up, tech rout deepens

A map showing the Strait of Hormuz, also known as Madiq Hurmuz, and 3D printed oil barrels are seen in this illustration taken March 26, 2026. Photo: Reuters

Oil prices fall 1% as investors weigh pause in US strikes on Iran

Representational image. Photo: Reuters

Oil slips 5% after US, Iran pause fighting over weekend

Representational image. Photo: Reuters

Oil up slightly ahead of long US weekend as peace efforts hold

Vessels at the Strait of Hormuz, as seen from Musandam, Oman on 18 June 2026. photo: Reuters/Stringer

Iran reasserts its right to control shipping in Strait of Hormuz after ship hit near Oman

A weak dollar has also provided support for crude prices as a lower dollar makes oil less expensive for buyers. Photo: Collected

Consumers unlikely to get relief from oil price drop soon

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

Oil extends losses as Trump calls off planned strikes on Iran

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

Oil little changed on uncertainty over US-Iran peace deal