NYSE:BNO

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$53.94
+1.05 (+1.99%)
At Close: Jun 03, 2026
Oil markets are moving lower despite lack of progress in U.S. – Iran negotiations.
The buffer that the oil market has relied on following disruptions to exports in the Middle East could start to buckle as soon as early June, according to strategists at J.P. Morgan.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include cover
A U.S. naval blockade of Iranian ports has shrunk Tehran's oil exports, stranding ​a growing stockpile of crude on tankers as Iranian storage sites run out of space, shipping data showed ‌and anal
S&P 500 futures rebound as lower oil and strong earnings lift US stocks, with indices nearing breakout levels as traders watch key resistance.
The crude oil markets gave back some of their gains early on Thursday, as we were far too overextended. At this point, the range in these markets continues to be extremely wide.
Global oil prices jumped to a four-year high of more than $126 a barrel on ​Thursday on concerns that the U.S.-Iran war could worsen and lead to a protracted Middle East supply disruption that could
Analysts have increased their oil price forecasts for the second time since the Iran war began at the end of February as they ​factor in the prospect of prolonged energy market disruption, a Reuters
The United States is pressing ahead with plans for an international ​coalition to open the Strait of Hormuz, according to a State Department cable seen by Reuters, as oil prices surge on fears of le

Oil hits 4-year high on Iran escalation fears

05:50am, Thursday, 30'th Apr 2026
CNBC's Dan Murphy reports as oil hits a four-year high amid rising geopolitical tensions.
The Strait of Hormuz crisis has drained 850M barrels, pushing WTI to $107 and Brent eyeing $115, while Natural Gas bears target $2.46.
Front-month international crude prices hit a wartime high as investors worry that the U.S. could restart its attacks on Iran.
Oil jumps on report President Donald Trump will be briefed later on Thursday on plans to strike Iran
Brent crude oil hits a war-time record of more than $123 per barrel after Axios reports U.S. President Trump is to be briefed on potential further strikes on Iran after rejecting Tehran's offer to re-
Shell PLC (LSE:SHEL, NYSE:SHEL) and BP PLC (LSE:BP.) shares rose 0.9% and 0.5% after crude oil prices surged to their highest levels since the US and Israel opened war on Iran.
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