Brent crude

Brent crude

A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. Photo: REUTERS/Benoit Tessier/File Photo

Oil slips 6% as US, Iran seen moving closer to peace deal

Brent crude futures fell $5.85, or 5.7%, to $97.69 a barrel by 0343 GMT, while US West Texas Intermediate were at $90.85 a barrel, down $5.75, or 6%. Both contracts touched their lowest since 7 May...

People bathe on a beach next to the El Palito refinery of the Venezuelan state oil company PDVSA, in Puerto Cabello, Venezuela February 10, 2024. Photo: REUTERS/Leonardo Fernandez Viloria

Can Venezuelan oil save India amid the Hormuz energy crisis?

US President Donald Trump returns to the White House, after Israel and the U.S. launched strikes on Iran, in Washington, DC, US, March 1, 2026. Photo: Reuters

Trump says oil taken from Venezuela paid for Iran war '25 times over'

Bull statues near screens showing the Hang Seng stock index and stock prices outside Exchange Square, in Hong Kong, China, February 3, 2026. Photo: REUTERS

Global stocks skid, bonds buckle as oil climbs

The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, US November 24, 2019. Photo: REUTERS/Angus Mordant/File Photo

Oil prices slip on teetering Iran ceasefire as Trump heads to China

File Photo: Reuters

Oil-price bets ahead of Iran war news totalled $7b: Reporting

A drone view shows a Chinese-flagged oil tanker moored at an oil terminal at Tsing Yi port in Hong Kong, China March 19, 2026. Photo: REUTERS/Joyce Zhou

China energy imports drop in April amid Iran war as fuel exports hit decade low

Iraq previously shipped the majority of its oil through the Strait of Hormuz but, on May 1, sent a first shipment of oil by truck through a newly opened border crossing towards a Mediterranean port on Syria's coast. Photo: Farid Abdulwahed/AP Photo/picture alliance

Strategic neutrality: How Syria is winning in the Iran war

An oil products tanker passes the Sydney Opera House at sunrise in Sydney, Australia, March 21, 2026. Photo: REUTERS/Hollie Adams

Australia commits $7b to boost fuel stockpiles, create government reserve

File Photo: Reuters

Oil prices fall a second day as Trump indicates possible Iran peace deal

A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. Photo: REUTERS/Benoit Tessier/File Photo

Oil rises as US-Iran deal remains elusive

A drone view of a pump jack and drilling rig south of Midland, Texas, US June 11, 2025. Photo: REUTERS

Iraq sends first oil convoy to Syria through al-Yarubiyah in 14 years

A drone view of a pump jack and drilling rig south of Midland, Texas, US June 11, 2025. Photo: REUTERS

Oil prices jump 5% on fears of prolonged Hormuz blockade