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At Close: Jun 04, 2026
Oil climbed in early Asian trade on renewed tensions over the Strait of Hormuz.

Oil prices climb as US-Iran peace talks stall

06:28pm, Sunday, 19'th Apr 2026
Oil prices surged after peace talks between the US and Iran stalled on Sunday. President Trump said that peace talks would resume, but Iran said it would not participate.
Oil prices rebounded ​more than 7% ‌on Monday after tumbling more than ​9% on ​Friday as the Strait ⁠of Hormuz ​closed after the ​U.S. and Iran said that the other ​party has ​violat
Crude oil prices surged Sunday, as the U.S. and Iran teetered on the brink of a renewed war after attacks on commercial ships in the Strait of Hormuz.
Gold market gains as oil drops and tensions ease. Gold price forecast tracks Fed outlook, with rate cut odds slipping to 27% and uncertainty rising.
Trillion Energy International Inc. (CSE:TCF, OTCQB:TRLEF, FRA:Z620) earlier this week reported a significant light oil discovery at the C-1 (Çetinkaya) asset in southeast Turkey, highlighting growing
Crude oil futures plunged as Iran kept the Strait of Hormuz open, easing supply fears and shifting the oil outlook bearish as traders unwind risk premium.
Trump's message is ‘buy American' — the U.S. has fuel and is a safe alternative to the Gulf
TD Cowen's Jason Gabelman joins 'Closing Bell Overtime' to talk the recovery process for the energy market.
Goldman Sachs said softer oil demand and easing supply disruptions have balanced out the risks in its oil price outlook, ​though it kept its 2026 average forecasts unchanged.

Oil Prices Move First; Headlines Come Later

02:14pm, Friday, 17'th Apr 2026
Oil is surging but this isn't just about prices at the pump. It's about a bigger macro shift.
Oil prices plummeted to their lowest level in more than a month on Friday after Iran declared the Strait of Hormuz "completely open" for the duration of a 10-day ceasefire between Israel and Lebanon.
Airline stocks rallied on Friday after oil prices eased following Iran's announcement that the Strait of Hormuz would remain open. Earlier this week, Iran's foreign minister said the Strait of Hormuz
Six weeks into Iran's blockade of the Strait of Hormuz and the numbers tell a stark story. Where nearly 50 oil and gas tankers were passing through the strait on an average day in February, that figur
Crude oil drops on signs of optimism in the Middle East. That being said, we will still be waiting for an actual peace deal.
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