Keywords: Brent


Oil prices rebound as U.S.-Iran deal stalls over Trump's tougher demands

Oil prices surged at the start of the week after hopes for a swift ceasefire agreement between the United States and Iran collapsed, with last-minute demands from President Trump pushing negotiations into a new phase of uncertainty. The reversal caught energy markets off guard, as traders had spent weeks......

Oil prices fall 5% amid optimism over possible Iran-US agreement

Global oil prices dropped sharply on Wednesday as investors reacted positively to signs of progress in negotiations between Iran and the United States aimed at easing tensions in the Middle East. The price of Brent crude and West Texas Intermediate (WTI) both lost around 5% during trading sessions after......

Oil market faces panic risk if Hormuz closure extends into June

HFI Research warned that global oil markets could enter a period of “real panic” if the Strait of Hormuz remains closed into the first week of June, as crude inventories continue falling toward critical operational levels and countries accelerate emergency stockpiling efforts. The firm said......

Fuel prices in France remain high as petrol reaches its highest level since 2022

Fuel prices in France remain under close public attention as petrol prices continue to rise while diesel prices begin to decline slightly after recent peaks. According to official figures released this week, gasoline prices have reached their highest levels since mid-2022, increasing pressure on households......

Oil holds above 100 dollars as Trump Xi talks begin in Beijing

Oil prices stayed above the 100 dollar mark on Thursday as global markets focused on high level talks in Beijing between Donald Trump and Xi Jinping. Traders watched the meeting for any signal that could ease tensions linked to the Iran conflict and the disrupted flow of energy through the Strait of......

US naval blockade redirects 62 ships linked to Iranian trade

The United States Central Command said more than 20 American warships are enforcing a naval blockade targeting Iran, with 62 commercial vessels redirected and four others neutralized since operations began on April 13. The campaign forms part of the Trump administration’s “Operation Economic......

Oil crisis accelerates global shift toward renewable energy transition

A surge in oil prices triggered by the conflict involving Iran is driving an unprecedented acceleration in the global transition to renewable energy, according to the United Nations’ top climate official. The sharp rise in fossil fuel costs is reshaping energy strategies worldwide, as governments......

Brent oil tops 115 dollars as UAE exit reshapes supply outlook

Oil prices surged to multi-month highs as Brent crude crossed the 115 dollar mark, driven by a sharp shift in global supply expectations following the United Arab Emirates’ decision to leave the OPEC alliance and rising tensions between the United States and Iran over maritime access through the......

Oil prices extend rally as Trump threatens Iran OPEC tension

Oil prices extended their upward momentum on Wednesday as geopolitical tensions intensified around Iran and global supply risks deepened. Traders reacted to renewed threats from United States President Donald Trump and escalating uncertainty in the Middle East, pushing crude benchmarks to multi month......