Oil prices plummet on hopes of increased supply, high gasoline prices persist

Why Many Oil Price Forecasts Have Been Far Too High

Why Many Oil Price Forecasts Have Been Far Too High

Oil ticks higher as Iran's refusal to meet US envoys dims ceasefire hopes

Oil prices saw an uptick as Iran's refusal to meet U.S. envoys heightened tensions, impacting the fragile ceasefire. Despite recent declines following conflict de-escalation, analysts are revising forecasts. Meanwhile, U.S. crude and gasoline inventories dropped last week, with markets awaiting official government data. Tanker traffic through the Strait of Hormuz is reportedly recovering, easing supply disruption fears.

Inventory Replenishment Could Fuel The Next Major CrudeOil Bull Market

The global oil market may be entering a new phase where the primary price driver is not supply disruption, but the urgent need to rebuild depleted strategic and commercial inventories. Governments, refiners, and traders around the world face mounting pressure to replenish oil stocks that were drawn down during a period of sustained emergency releases [] The post Inventory Replenishment Could Fuel The Next Major CrudeOil Bull Market appeared first on Foreign Policy Journal.

Oil prices gain as focus shifts to supply recovery, demand

Oil prices gain as focus shifts to supply recovery, demand

Oil Stockpiles Near Danger Zone

Energy markets expert and author of Oil's Endless Bid Dan Dicker says oil markets are underestimating the impact of ongoing supply disruptions, warning that global stockpiles have been drawn down significantly as millions of barrels per day remain unable to reach end markets. Dicker warns hosts of Bloomberg This Weekend David Gura and Christina Ruffini if inventories continue to fall, crude prices could surge from current levels to as high as 135 a barrel. (Source: Bloomberg)

Harga minyak minyak dijangka capai AS$65 setong menjelang Oktober

PETALING JAYA: Harga minyak mentah global dijangka terus berada dalam aliran menurun dan berpotensi mencecah AS65 (RM266.53) setong menjelang Oktober, berikutan jangkaan lebihan bekalan dalam pasaran susulan konflik Asia Barat yang mereda serta pembukaan semula Selat Hormuz. Penganalisis ekonomi, Prof. Emeritus Dr. Barjoyai Bardai berkata, penurunan harga minyak ketika ini lebih banyak didorong oleh faktor ... Read more The post Harga minyak minyak dijangka capai AS65 setong menjelang Oktober appeared first on Utusan Malaysia.

World weathers historic oil shock, but depleted reserves bring risks

The world has coped unexpectedly well with the disappearance of over a billion barrels of oil since the start of the Iran war, yet the risk of sharp price increases still hangs as...

Oil Prices Jump 9% To $83 After Trump Announces Naval Blockade On Iranian Shipping

Oil prices surged roughly 9 on Monday, climbing to approximately 83 per barrel following an announcement by President Donald Trump that the United States is reinstating a naval blockade on Iran. The price spike builds on market gains triggered by a weekend escalation of hostilities in the region. The sharp rise in crude futures is [] Oil Prices Jump 9 To 83 After Trump Announces Naval Blockade On Iranian Shipping

Why oil prices are surging? Impact on stock markets explained as Trump says Iran ceasefire is ‘over’

Oil prices surge after fresh US-Iran tensions, military strikes and Strait of Hormuz risks raise fears of supply disruptions, pushing crude prices higher.

The Commodities Feed: The battle of Hormuz lifts oil prices

Further escalation in the Persian Gulf has oil prices moving higher amid renewed concerns over flows through the Strait of Hormuz

Oil prices rise 7%, and stocks drop worldwide after Trump says ceasefire with Iran is 'over'

Oil prices are rising, and stock markets are dropping worldwide after President Donald Trump raised doubts about the temporary truce in the war with Iran.

Oil prices rise 8%, and Dow drops 800 points after Trump says ceasefire with Iran is 'over'

Oil prices are rising, and stock markets are dropping worldwide after President Trump raised doubts about the temporary truce in the war with Iran.

Crude may revisit early-2026 highs if tensions worsen, but Asian refiners better prepared this time: International Oil Analyst

By Nikhil Dedha Singapore, July 9 (ANI): Global crude oil prices could revisit the highs seen earlier this year if tensions between the United States and Iran continue to escalate, although Asian refiners are now better prepared to deal with supply disruptions than they were at the beginning of the conflict, June Goh, Senior Oil Market Analyst at Sparta Commodities, told ANI.Speaking in an exclusive conve

Iran's biggest weapon against the US may be slipping away, experts say

Iran's attacks on commercial shipping sent oil prices higher, but alternative routes and rising OPEC+ production may be weakening Iran's leverage.

Trump Gets Big Midterm Warning in Devastating Survey

Evelyn Hockstein / REUTERSPresident Donald Trump is facing a fresh warning ahead of the midterms, as a new survey shows that rising gas prices are hitting American households hard.A survey released by Gallup found that roughly two-thirds of U.S. adults say higher fuel costs have negatively affected their household finances. The poll, conducted among 1,001 adults between June 1 and June 15, comes as energy markets continue to react to geopolitical instability in the Middle East.Gasoline prices have climbed significantly since the war in Iran began, with average prices exceeding 5 a gallon in seven states. Oil prices have risen by approximately 35 percent, contributing to broader increases in energy costs. Read more at The Daily Beast.

Find out more as Fresh petrol price changes after Trump decision on Iran

Rising global oil prices could prompt Nigerian filling stations to adjust petrol pump prices, heightening expectations of further fuel price changes.

Oil prices are low. Why not gasoline?

{beacon} Energy Environment Energy Environment The Big Story Why are gas prices still so high? Oil is nearing its pre-war price after the U.S. and Iran agreed to a memorandum of understanding (MOU) intended to end the conflict, but gasoline remains significantly elevated. © Nam Y. Huh/AP While President Trump has blamed...

Current price of oil as of July 13, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Oil jumps above $75 a barrel after Trump reinstates Strait of Hormuz blockade

Oil prices jumped Monday after President Donald Trump said the U.S. would reimpose a naval blockade against Iran as Tehran and Washington battle to control the Strait of Hormuz. Brent crude futures, the international benchmark, advanced 5.3 to 80 per barrel. West Texas Intermediate futures were last seen 5.3 higher at 75.18. “We are reinstating []...Click to read more

Oil prices rise more than two per cent as US-Iran peace talks pause

CommSec's Gillian Bowen says oil prices have jumped more than two per cent as peace talks between the United States and Iran have paused. Ms Bowen told Sky News Australia that when trade reopens, “There will be a drop for the S&P500 and the Nasdaq”. “We have had global oil resume trade a short time ago. There was a jump of more than two per cent to take Brent crude back over $US81 a barrel. “Before the weekend's developments, the ASX was pointing to a drop of 0.2 per cent.” Presented by CommSec.

Oil prices rise amid uncertainty over US-Iran talks

Oil prices rise amid uncertainty over US-Iran talks Oil prices rose on Sunday as traders assessed the implications of ongoing US-Iran negotiations and the durability of the ceasefire between the two countries. According to Reuters, Brent crude futures climbed by 1.09, or 1.35 percent, to 81.66 a barrel by 22:06 GMT, after reaching an early session high of 82.30. The increase came amid continued uncertainty over future oil supplies and the outcome of diplomatic talks. Oil prices had fallen last week after several tankers successfully transited the Strait of Hormuz, easing concerns about disruptions to one of the world's most important energy shipping routes. However, market participants remain cautious as negotiations continue and questions persist over the long-term stability of the agreement.

Oil Prices Surge More Than 3% as US-Iran Strikes Fuel Hormuz Fears

The price of oil jumped more than 3 [] The post Oil Prices Surge More Than 3 as US-Iran Strikes Fuel Hormuz Fears appeared first on The Media Line.

China’s hydrogen push outstrips Japan’s in new fuel race

The oil price surge from the US-Iran crisis gives fresh impetus to efforts to boost domestic energy supply.

Oil surges after U.S. launches strikes on Iran

WASHINGTON: Oil prices jumped Wednesday after the U.S. military launched a series of strikes against Iran in retaliation for attacks on three commercial vessels in the Strait of Hormuz, raising tensions just weeks after a fragile ceasefire reopened the critical waterway. West Texas Intermediate crude for August delivery rose 2.87 to settle at 72.46 per ... Read more The post Oil surges after U.S. launches strikes on Iran appeared first on BOL News.

Oil Prices Jump After Renewed Strikes in Gulf Put Shipping Recovery at Risk

Oil prices surged on Wednesday after U.S. and Iranian forces traded strikes in and around the Persian Gulf and the Trump administration revoked a waiver that allowed the sale of Iranian oil in retaliation for attacks on three tankers in the Strait of Hormuz, a crucial conduit for the world’s energy flows. U.S. Central Command []

Will Falling Oil Prices Be Enough to Solve the Fed’s Inflation Problem?

The easing of tensions between the United States and Iran has helped drive oil prices back toward pre war levels, reducing fears of an energy driven inflation surge. However, analysts argue that lower oil prices may not be enough to resolve the U.S. Federal Reserve’s broader inflation concerns. While cheaper fuel is generally positive for [] The post Will Falling Oil Prices Be Enough to Solve the Fed’s Inflation Problem? appeared first on Modern Diplomacy.

Gold, silver may stay under pressure as US-Iran tensions, inflation data hold key: Analysts

Analysts said any further escalation in the conflict could drive crude oil prices higher, revive inflation concerns and strengthen safe-haven assets such as the US dollar and Treasury yields, limiting the upside for precious metals