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$36.64
+0.0800 (+0.219%)
At Close: Jun 18, 2026
Oil price hits lowest since early March despite doubts over how quickly strait of Hormuz will reopen – business live
07:26am, Tuesday, 16'th Jun 2026
Rolling coverage of the latest economic and financial news
Spot oil premiums slip to pre-war levels after US-Iran deal, but shipping angst provides floor
06:10am, Tuesday, 16'th Jun 2026
Spot premiums for crude and some refined products in Asia have fallen back to pre-war levels following a U.S.-Iran deal to end the Middle East conflict, though caution about how soon normal shippin
Major Wall Street Banks Cut Oil-Price Forecasts on Faster Gulf Supply Recovery
06:09am, Tuesday, 16'th Jun 2026
Goldman Sachs and Morgan Stanley cut their oil-price forecasts with Persian Gulf flows expected to recover to prewar levels sooner than anticipated.
Jeff Currie Says Hormuz Flows May Not Normalize Until End of the Year
05:40am, Tuesday, 16'th Jun 2026
Jeff Currie, executive co-chairman at Abaxx Markets, says “the uncertainty remains quite high” around the Strait of Hormuz as maintaining the US-Iran ceasefire will be challenging. Currie looks at
The peace deal is in the price: Goldman Sachs lowers its oil-price target to market levels
05:07am, Tuesday, 16'th Jun 2026
Risks to oil price assumptions in the event of a finalized peace deal are two-sided but the Goldman Sachs report notes that the global economy adjusted very flexibly to the largest oil production shoc
Oil Prices Fall Further as Trump Says Strait of Hormuz Will Reopen This Week
04:47am, Tuesday, 16'th Jun 2026
Brent crude and WTI prices were falling again as President Donald Trump said the Strait of Hormuz could reopen as soon as Friday.
Stock Market Today: U.S. Stock Futures Waver, Oil Falls
04:26am, Tuesday, 16'th Jun 2026
Investors seek further clarity on U.S.-Iran peace deal
U.S. Futures Steady, Oil Edges Lower as Markets Stabilize
04:23am, Tuesday, 16'th Jun 2026
U.S. stock futures were flat and oil slipped in early European trade as investors awaited further details on terms of the U.S.-Iran peace deal.
Natural Gas and Oil Forecast: Truce Stability Fuels Technical Recovery — What's Next for Oil & NatGas?
03:44am, Tuesday, 16'th Jun 2026
One month-plus into the truce, supply-demand dynamics support constructive price action. WTI rebounds off channel floor at $80.09, Brent holds $82.41, and Natural Gas trades at $3.170 with positive mo
Oil prices fall, tanker bosses remain cautious on resumption of Hormuz transit
02:39am, Tuesday, 16'th Jun 2026
Global oil prices ticked lower on Tuesday as the Iran peace agreement dominated the G7 meeting in France.
Former Energy Secretary predicts ‘DRAMATIC' price drop if Strait of Hormuz fully reopens
11:00pm, Monday, 15'th Jun 2026
Former Energy Secretary Dan Brouillette discusses how a U.S.-Iran deal could impact energy markets and why enforcing a reopening of the Strait of Hormuz is critical on ‘Kudlow.' #fox #media #breakin
Oil rebounds on concerns about US-Iran peace deal, restoration of supply
09:14pm, Monday, 15'th Jun 2026
Oil prices rebounded on Tuesday on concerns about the lack of details in a preliminary agreement ending the war between the U.S. and Iran and the realization the resumption of supply through the ke
Oil Futures Rise on Likely Technical Recovery
07:40pm, Monday, 15'th Jun 2026
Oil futures rose in early Asian trade on a likely technical recovery after futures settled overnight at their lowest level since March 4.
U.S. gasoline slips below $4 a gallon for first time since April
07:08pm, Monday, 15'th Jun 2026
U.S. average retail gasoline prices dipped below $4 a gallon for the first time since mid-April, as optimism grew that a preliminary deal between the U.S. and Iran would lead to the reopening of
The Iran deal came just in time as Strategic Petroleum Reserve hits lowest level since 1983
04:46pm, Monday, 15'th Jun 2026
The U.S. Strategic Petroleum Reserve has fallen to the lowest level in more than 40 years, according to the Department of Energy. Oil executives have warned that global inventories are rapidly depleti
