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At Close: Jun 04, 2026
The war has effectively shut the Strait of Hormuz since the end of February and cut exports from OPEC+ members Saudi Arabia, the United Arab Emirates, Kuwait and Iraq.

OPEC+ Plans Symbolic Oil Quota Hike for May

09:56am, Sunday, 05'th Apr 2026
Bloomberg News Equities Reporter Natalia Kniazhevich joins Joe Mathieu and Christina Ruffini on Bloomberg This Weekend to discuss the latest impact the war in Iran is having on the energy markets. Wat
OPEC+ may approve an oil output increase on Sunday, four sources from the group said, a rise that will largely exist on paper as its key members are unable to raise production due ​to the U.S.-Israe
The oil market will remain one of the most important markets to follow and watch for clues about risk appetite.
President Donald Trump said the U.S. could “easily” reopen the Strait of Hormuz “with a little more time,” suggesting it could “take the oil” and “make a fortune,” though he didn't ela
Everyone quotes "be greedy when others are fearful," but few have the stomach for it when war risks and oil spikes actually arrive. While rising rates hurt book value, they allow AGNC to reinvest in h
US stocks ended mixed as oil surged on Iran tensions, while easing fears helped indices recover. Traders now watch geopolitics and market outlook.
WTI Crude clears $112 as geopolitical risks in the Strait of Hormuz threaten 20% of global supply. Will the upcoming NFP report drive prices toward $119.30?
Former U.S. Commerce Secretary Wilbur Ross discusses the U.S. inflation rate and economic outlook on 'The Claman Countdown.' #fox #media #breakingnews #us #usa #new #news #breaking #foxbusiness #thecl
Crude oil holds bullish momentum after a breakout, with key support intact and historical cycle patterns suggesting further upside toward prior highs and beyond.
The spot price reflects the demand for Brent oil that will be delivered in the next 10 to 30 days. The high price for more immediate oil deliveries points to the tightness of physical supply right now
After the Strait of Hormuz reopens, a full recovery to prewar levels may take about four months, J.P. Morgan says.
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
No one yet knows when the Strait of Hormuz will fully reopen, but rebuilding energy infrastructure and restoring production in the Middle East are what matter most to the global oil market.
Trump's hawkish comments triggered a strong rally in the oil markets.
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