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Iran reportedly closes Strait of Hormuz again, raising doubt over talks
Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 15, 2026. Stringer | ReutersIran declared the Strait of Hormuz closed again on Saturday and warned vessels to stay away from the critical shipping route, but the U.S.…
Saudi supertankers cross Strait of Hormuz after Iran deal
Three supertankers from Saudi Arabia loaded with 6 million barrels of oil have crossed the Strait of Hormuz, according to data from the global trade intelligence firm Kpler. The Saudi tankers switched their transponders on Thursday in…
U.S. Navy ends blockade of Iran’s ports and coastal areas
In this handout photo provided by U.S. Central Command, U.S. forces patrol the Arabian Sea near M/V Touska on April 20, 2026, after firing upon the Iranian-flagged vessel that the U.S. accused of attempting to violate the U.S. naval…
Oil glut may follow Iran war, says IEA, amid demand destruction
The oil supply shock caused by the Iran war has eroded global demand for crude — but a lasting resolution to the conflict could drive a surge in supply volumes and trigger a major oil overhang next year, the International Energy Agency…
Iran deal came in time as Strategic Petroleum Reserve hits lowest level
The U.S. Strategic Petroleum Reserve has fallen to the lowest level in more than 40 years as emergency stocks are released to help ease the supply disruption triggered by the Iran war. The SPR stood at 340.3 million barrels as of June…
Jim Cramer calls elevated CPI ‘artificial inflation’ — what that means for
The stock market was under pressure again on Wednesday due to an intensification of the war with Iran. The subsequent rise in oil prices on the same day that the consumer price index registered its highest reading in three years…
What energy insiders in DC are saying about oil prices and a possible Iran
POWER POINTWhat I'm hearing from energy insidersIf you want to know where oil prices are going next, there is perhaps no better place to be than the Global Energy Forum in Washington, DC this week. Hosted by the Atlantic Council, the…
WTI, Brent on proposed U.S.-Iran deal
Oil prices fell Friday as the U.S. and Iran neared an agreement to reopen the Strait of Hormuz, though a senior Trump administration official said the outcome still was not certain. U.S. crude oil futures were down 3.4% to $84.74 per…
Oil tanker CEO sees Hormuz traffic quickly increasing on U.S.-Iran deal
Commercial ship traffic through the Strait of Hormuz should quickly increase if the U.S. and Iran reach a stable agreement that improves security in the strategic sea lane, the CEO of a leading oil tanker company told CNBC."I'm actually…
Trump says U.S. secretly moved millions of barrels of oil through Strait of
Vessels in the Strait of Hormuz near the beach of Bandar Abbas, Iran, June 8, 2026.Amirhosein Khorgooi | ISNA | WANA | ReutersPresident Donald Trump said Wednesday that the U.S. has secretly brought millions of barrels of oil through the…