President Donald Trump on Friday said the U.S. can open the Strait of Hormuz with a little more time, as pressure mounts for his administration to find a quick resolution to a war against Iran. “With a little more time, we can easily OPEN THE HORMUZ STRAIT, TAKE THE OIL, & MAKE A FORTUNE,” Trump … Read more

(Reuters) – The United States is not engaged in any discussions to release additional crude oil from strategic stockpiles, an Energy Department official said on Thursday. The International Energy Agency has said it is considering another coordinated release to address supply disruptions stemming from the war in Iran, after its ⁠members in March agreed to … Read more

(Reuters) – Oil tanker availability along the U.S. Gulf Coast has dropped sharply in recent weeks, as Asian and European refiners cut off from Middle Eastern supply have been snapping up vessels to import oil and fuel from the United States, shipping analysts and traders said. The Iran war has stalled tanker movements through the … Read more

U.S. and Canadian stock markets rallied on Tuesday as financial markets seized on a couple of tenuous signals for hope about a possible end to the Iran war. The S&P/TSX composite index was up 833.10 points at 32,768.04. In New York, the Dow Jones industrial average was up 1,125.37 points at 46,341.51. The S&P 500 … Read more

By Niccolo Conte | Design Sam Parker Key Takeaways The U.S. was the world’s largest crude oil producer in 2025 at 13.58 million barrels per day, ahead of Russia (9.87) and Saudi Arabia (9.51). Middle Eastern countries produced 32.1% of global crude oil in 2025. Just five countries produced half of the world’s oil in … Read more

Summary US-Israeli campaign against Iran could end within two to three weeks, Trump says Uncertainty over how supply chains can be revived OPEC oil output falls in March, Reuters survey finds Saudi Arabia may raise OSPs to Asia, Reuters survey (Reuters) – Oil reversed earlier gains on Wednesday as uncertainty over the situation in the … Read more

(Reuters) – A cargo of WTI Midland crude headed to Greece for the first time in about four years, ship tracking data on Kpler showed, as U.S. and Israel’s war on Iran and reduced traffic through the Strait of Hormuz have upended trade flows and shut in output in the region. Isle of Man-flagged medium-sized … Read more

(Reuters) – President Donald Trump on Tuesday urged countries that did not help in the U.S.-Israeli strikes on Iran to buy American oil and go to the Strait of Hormuz and “just TAKE it.” Trump singled out Britain and France as unhelpful in the month-long war that has roiled global markets, driven up energy prices … Read more

Summary Trump tells aides he is willing to end Iran war without reopening Hormuz, report says Kuwait says oil tanker was hit in Iranian attack at Dubai port Brent heads for record monthly gain, ​WTI for most since 2020 (Reuters) – Brent oil futures headed for their largest monthly gain ‌in volatile trading on Tuesday, … Read more

(Reuters) – President Donald Trump has been weighing whether to use ground forces to seize Iran’s strategic oil hub of Kharg Island, an operation analysts say could be achieved quickly, but leave U.S. troops in great peril and prolong rather than shorten the war. WHERE IS KHARG ISLAND AND WHY IS IT IMPORTANT? Kharg Island … Read more

Summary Iran conflict escalates as Houthis attack on Israel Analysts flag concern over Saudi oil exports from Red Sea Iran accuses US of ground assault plans Pakistan prepares to host peace talks (Reuters) – Oil prices extended gains on Monday, with Brent heading for a record monthly rise, after Yemeni Houthis widened the Iran war ​by launching … Read more

March 27 (Reuters) – Cuban officials ​have petitioned the Vatican ‌to help persuade the administration of U.S. President Donald Trump to ​ease its oil embargo ​in senior-level meetings with Vatican ⁠officials including Pope Leo, the ​Washington Post reported on Friday, ​citing people familiar with the matter. Reuters could not immediately verify the report. ​The Vatican … Read more

By Sheila Dang, Stephanie Kelly and Amanda Stephenson Oil prices surge due to Iran conflict, boosting profits Analysts revise Chevron, Shell earnings estimates upwards Middle East disruptions may hurt oilfield-service companies HOUSTON, March 26 (Reuters) – As Big Oil executives gathered this week and discussed the biggest-ever disruption to global energy supplies due to the … Read more

Summary US extends Strait of Hormuz deadline to April 6 Investors remain wary of prolonged conflict Prices could hit $200 if war drags on, Macquarie analysts say (Reuters) – Oil prices rose ​on Friday but were set for their first weekly decline since February 9 as ‌U.S. President Donald Trump extended a pause in attacks … Read more

(Reuters) – White House press secretary Karoline Leavitt on Wednesday said the United States is tracking “very closely” how to get oil tankers through the Strait of Hormuz. “As far as tankers through the Strait, it’s something we’re tracking very closely,” Leavitt told reporters about the key shipping lane near Iran. However, the press secretary … Read more

(Reuters) – BlackRock CEO Larry Fink said oil prices could reach $150 a barrel and cause a “global recession” if Iran “remains a threat” even after the war ends. “If there is a cessation of war, and yet Iran remains a threat, a threat to trade, a threat to the Strait of Hormuz, a threat … Read more

Oil prices above $100 a barrel would not trigger a meaningful production increase in the U.S. unless they stay elevated for more than a quarter, shale executives said at the CERAWeek energy conference in Houston, troubling news for consumers slammed by the energy crisis during the U.S.-Israeli war on Iran. Shale producers helped make the … Read more

(Reuters) – Venezuela needs to “completely rewire” its fiscal system to attract new investment, ConocoPhillips CEO Ryan Lance said on Tuesday at the CERAWeek conference in Houston, underscoring the challenges facing the country’s oil industry in the wake of President Nicolas Maduro’s capture in January. Lance called a reformed hydrocarbon law in the OPEC-member country … Read more

(Reuters) – Global oil prices have not climbed enough to cause demand destruction, U.S. Energy Secretary Chris Wright said on Monday at the CERAWeek energy conference in Houston, Texas, even as markets continued to gyrate and global oil prices remained over $100 a barrel due to the U.S.-Israel war on Iran. Wright’s remarks come amid … Read more

(Reuters) – U.S. President Donald Trump went into the Iran war convinced that America’s vast oil wealth would insulate the country from the kind of energy shock now battering much of the world. Four weeks into the conflict, that shield is looking fragile. Trump’s wager has only partly paid off. U.S. oil prices have risen … Read more

Summary Trump post says ‘good’ talks with Iran discuss ‘Complete and total resolution of hostilities’ Israel launches new wave of attacks on Tehran Iran vows to strike Gulf infrastructure if US attacks power grid Tehran says strait open to all but ‘enemies’ (Reuters) – U.S. President Donald Trump said on Monday he had given orders … Read more

Summary Trump gave Iran 48 hours to reopen Strait of Hormuz on Saturday (Reuters) – Oil prices ​plunged by more than 13% on Monday after U.S. ‌President Donald Trump said he would postpone any military strikes against Iranian power plants for five days, hours ahead of a deadline that ​threatened further escalation in the conflict … Read more

Iran will completely shut the strategic Strait of Hormuz if U.S. President Trump executes threats to target Iranian energy facilities, the country’s Revolutionary Guards said in a statement on Sunday. Trump on Saturday threatened to “obliterate” Iran’s power plants if Tehran did not fully reopen the Strait of Hormuz within 48-hours, suggesting a significant escalation … Read more