Oil prices extended gains on Monday as efforts to end the Iran war appeared to have stalled, after a nuclear power plant in the United Arab Emirates came under attack and as U.S. President Donald Trump is expected to discuss military options on Iran. ›
Oil prices gained about 2% after U.S. President Donald Trump said he and China’s Xi Jinping agree Iran cannot have nuclear weapons and as concerns persisted over ship attacks and seizures despite Tehran saying about 30 vessels crossed the Strait of Hormuz. ›
Oil prices edged up on Thursday, with markets focusing on the high-stakes meeting between U.S. President Donald Trump and Chinese President Xi Jinping to see if it will yield any positive results towards a resolution for the Iran war. ›
Oil prices fell on Wednesday, snapping a three-day rally as investors awaited developments around the fragile Middle East ceasefire and braced for a high-stakes summit in China between U.S. President Donald Trump and President Xi Jinping. ›
Oil prices rose 2% on Tuesday as hopes for a deal to end the U.S.-Israeli war on Iran faded, with stark differences between Tehran and Washington on a peace proposal bringing supply concerns again to the fore. ›
Oil prices rallied on Monday, a day after President Donald Trump said Iran’s response to a U.S. proposal was “unacceptable,” raising supply fears as the Strait of Hormuz stayed largely closed, which kept the global market tight. ›
Oil prices rose on Friday after renewed fighting broke out between the United States and Iran, threatening a shaky ceasefire and dashing hopes for progress to reopen the Strait of Hormuz, a key transit route for oil and liquefied natural gas. ›
Oil prices extended losses on Thursday, sliding more than 2% on renewed hopes for a peace deal that could bring a gradual reopening of the Strait of Hormuz. ›
Some European natural gas traders are already hedging against a spike in prices next winter as the war in the Middle East continues to disrupt supplies. ›
Oil prices fell for a second day on Wednesday on expectations bottled-up supply from the key Middle East producing region could resume flowing after U.S. President Donald Trump indicated a possible peace deal may be reached to end the war with Iran. ›
