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Iran war pushes US Strategic Petroleum Reserve to 43-year low

- Emergency releases following Iran conflict drive US oil stockpile to its lowest level since February 1983

10:51 Oil

US oil rig count up for week ending Aug. 7

- Number of US oil rigs up by 43 compared to one year ago

09:34 Oil

Oil posts weekly loss as US-Iran diplomacy eases supply concerns

- Progress in US-Iran diplomacy, expectations of higher OPEC+ output and rising US crude inventories weighed on prices despite lingering Hormuz uncertainty

07.08.2026 Oil

Oil rises as Hormuz uncertainty outweighs hopes for Iran deal

- Uncertainty over Hormuz shipping flow keeps Middle East supply concerns elevated despite signs of progress in US-Iran negotiations

07.08.2026 Oil

Oil prices mixed as investors weigh Hormuz talks, regional security risks

- Mixed signals from Middle East keep investors cautious as Hormuz talks advance while security risks persist in Red Sea and Gulf of Aden

06.08.2026 Oil

US crude oil inventories up 0.6% in week ending July 31

- Daily crude oil production increases to around 13.8 million barrels per day

06.08.2026 Oil

Yemen’s Houthis claim ballistic missile strike on Saudi oil tanker in Red Sea

- Group says Saudi tanker Wafaa was hit off Yanbu, bringing number of tankers targeted since July 22 to 8

05.08.2026 General

Oil falls as hopes for US-Iran deal ease supply concerns

- Hopes for US-Iran agreement after Tuesday's full-day negotiations weigh on oil prices by easing geopolitical risk concerns in crude markets

05.08.2026 Oil

Oil prices fall over 4% as diplomatic efforts ease Mideast supply concerns

- Brent falls below $80 for first time since July 13 as diplomatic efforts raise hopes for reopening Strait of Hormuz and ease supply concerns

04.08.2026 Oil

US, Iran may reach Hormuz deal by Tuesday or Wednesday: Treasury chief

- Deal would allow freedom of movement in Strait of Hormuz, says US Treasury Secretary Scott Bessent

04.08.2026 General

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Aramco reports higher revenue as US-Iran war boosts oil prices

- Aramco CEO Nasser says unprecedented supply disruption defines performance of company during 1st half

04.08.2026 General

US military says it redirected 44 vessels under Iran blockade enforcement

- 'U.S. forces continue to strictly enforce the U.S. blockade against Iran,' Central Command says

04.08.2026 General

Trump urges oil companies to cut retail fuel prices

- US president calls on Chevron, other oil producers to pass higher profits on to consumers by reducing prices at pump

04.08.2026 General

Trump accuses Iran of mixed signals, repeats demand for nuclear deal or ‘total surrender’

-‘Iranian Leadership is unbelievably duplicitous!’ US president says

04.08.2026 General

Oil prices fall over 5% as US-Iran talks set to resume

- Brent at around $83.4 per barrel, WTI at $79.6 as of 0605GMT

03.08.2026 General

Seven OPEC+ members to raise oil output by 188,000 bpd in September

- Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman to jointly raise output by 188,000 barrels per day under phased unwinding of April 2023 voluntary production cuts

02.08.2026 Oil