Explore

Oil jumps nearly 7% on escalating Middle East airstrikes

Oil jumps nearly 7% on escalating Middle East airstrikes

By Stephanie Kelly LONDON, July 29 (Reuters) - Oil prices jumped nearly 7% on Wednesday as major airstrikes resumed in the Middle East and dashed hopes for an imminent end to the U.S.-Israeli war with Iran, while industry data showed U.S. crude inventories fell.

Drone strikes ignite fires on natural gas vessels at an Egyptian port

Drone strikes ignite fires on natural gas vessels at an Egyptian port

Drone strikes ignited fires on two natural gas vessels at an Egyptian port, a maritime security firm said, as the U.S.-Iran war flared on multiple fronts in the Middle East

Middle East Tensions and Inventory Draws Drive Oil Price Surge

Middle East Tensions and Inventory Draws Drive Oil Price Surge

Middle East Tensions and Inventory Draws Drive Oil Price Surge

Oil settles down on proposed Saudi-led maritime defence coalition

Oil settles down on proposed Saudi-led maritime defence coalition

By Georgina McCartney July 30 (Reuters) - Oil prices settled lower on Thursday after a volatile session, as traders digested proposed plans for a Saudi Arabia-led maritime coalition to boost defense cooperation around the Red Sea.

Oil Prices Surge Over 7% Amid Middle East Tensions, Brent Crude Hits $90

Oil Prices Surge Over 7% Amid Middle East Tensions, Brent Crude Hits $90

Oil Prices Surge Over 7% Amid Middle East Tensions, Brent Crude Hits $90

US and Iran trade missile barrages as hopes dim for a quick resolution to the five-month conflict

US and Iran trade missile barrages as hopes dim for a quick resolution to the five-month conflict

The United States and Iran each fired barrages of missiles as the pattern of back-and-forth strikes took hold again and hope dimmed for a quick end to the five-month conflict

Oil steady as traders assess US-Iran conflict

Oil steady as traders assess US-Iran conflict

By Anushree Mukherjee July 30 (Reuters) - Oil prices were steady in a volatile session on Thursday as traders assessed the escalating conflict between the United States and Iran and the potential disruption to oil supplies.

US launches strikes on Iranian targets a day after it foiled missile attack on American forces

US launches strikes on Iranian targets a day after it foiled missile attack on American forces

The U.S. military says it’s launching strikes on Iranian targets in response to Tehran’s attack on American forces a day earlier

Oil falls on Hormuz talks

Oil falls on Hormuz talks

By Anushree Mukherjee July 30 (Reuters) - Oil prices fell on Thursday, as investors weighed talks between Oman and Iran over the Strait of Hormuz even as Washington and Tehran traded strikes on each other's military targets again.

Oil at one-week low as US and Iran pause attack; supply tension underpins

Oil at one-week low as US and Iran pause attack; supply tension underpins

By Ishaan Arora and Siyi Liu July 28 (Reuters) - Oil prices edged lower on Tuesday, hovering around one-week lows amid hopes for a resolution in the U.S.-Iran war, while subdued flow through the Strait of Hormuz and further supply disruption risks underpinned the market.

Oil prices fall 5% to two-week low after several days without US-Iran strikes

Oil prices fall 5% to two-week low after several days without US-Iran strikes

By Scott DiSavino July 28 (Reuters) - Oil prices dropped about 5% on Tuesday to a two-week low, on cautious hopes that the pause in fighting between the United States and Iran will lead to talks to end the war, even though previous halts have proved only temporary.

Oil touches over one-week low as pause in attacks brings hope of US/Iran deal

Oil touches over one-week low as pause in attacks brings hope of US/Iran deal

By Anushree Mukherjee July 28 (Reuters) - Oil prices extended losses on Tuesday, hitting their lowest levels in more than a week as hopes for a resolution to the U.S.-Iran conflict grew and traders continued to assess developments in the Middle East.