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Global oil supply 13.6 million bpd below pre-war levels in May, says IEA

- IEA cuts 2026 oil demand forecast as conflict-driven disruptions push global consumption lower, expects rebound as Gulf output recovers in second half of year

17.06.2026 Oil

Pace of oil supply recovery in focus amid US-Iran deal

- Analysts expect recovery in oil flows through Hormuz to be gradual, with logistical and security constraints likely to delay full normalization

17.06.2026 Oil

Brent crude falls below $80 on optimism over initial US-Iran deal

- Both oil benchmarks see their lowest levels since early March

16.06.2026 Oil

Oil stays on downward path as markets await details of US-Iran deal

- Concerns grow that Strait of Hormuz flows may take longer than expected to resume

16.06.2026 Oil

Oil slides 5% on initial US-Iran deal, easing Strait of Hormuz fears

- Brent falls 4.9% to low of $83.05 per barrel on June 15, while WTI drops 5.7% to $80.01, marking their weakest level since early March

15.06.2026 Oil

US claims 125 million barrels of oil escorted through Strait of Hormuz

- Pentagon chief Hegseth says US military posture to remain active to ensure Tehran complies with memorandum of understanding

14.06.2026 Oil

US oil rig count up for week ending June 12

- Number of US oil rigs fall by 6 compared to one year ago

13.06.2026 Oil Finance

Oil heads for steep weekly losses as Middle East tensions cool

- Markets retreat after Trump signals progress toward deal to end conflict involving Iran, Israel and US

12.06.2026 Oil

Oil extends losses as Trump says Iran deal could be signed within days

- Brent falls below $89 a barrel, OPEC sees demand growth slowing in 2026 before rebounding in 2027

12.06.2026 Oil

Trump cancels planned Iran attacks, says deal nearly 'finalized'

- 'I have, as president of the United States of America, cancelled the scheduled strikes and bombings against Iran this evening,' says US president

11.06.2026 General

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OPEC crude production drops 177,000 bpd in May

- OPEC sees lower May crude production as declines in Iran, Libya and Nigeria outweigh gains elsewhere

11.06.2026 Oil

OPEC+ output hikes fail to overcome Hormuz supply crisis

- Production increases have little physical impact as supply remains constrained by Strait of Hormuz disruption and broader production limits, experts say

11.06.2026 Oil