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Oil price

Latest news and analysis on the impact of the price of Brent and West Texas Intermediate

Insurers have tightened requirements for ships in the Strait of Hormuz. Reuters

Oil tops $110 as stalled US-Iran talks stoke supply concerns

EnergyApril 28, 2026

A US guided-missile destroyer patrols the Arabian Sea. Washington is enforcing a naval blockade on Iranian ports. Photo: Centcom

Oil prices near $100 as Iranian cargo ship seizure escalates Hormuz stand-off

EnergyApril 20, 2026

The Malta-flagged oil tanker Agios Fanourios I was among the rare vessels to have sailed through the Strait of Hormuz this month. Reuters

The Strait of Hormuz should not even require a maritime force to police it

EditorialApril 20, 2026

A trader on the floor of the New York Stock Exchange. Investors weclomed the reopening of the Strait of Hormuz, but analysts caution that oil prices will remain high in the near future. Reuters

Wall Street up and oil down as Iran declares Strait of Hormuz 'completely open'

BusinessApril 17, 2026

US Vice President JD Vance addresses a news conference in Islamabad after talks with Iran failed to yield a deal. AFP

Oil surges as US-Iran talks fail and Trump announces Hormuz blockade

EnergyApril 13, 2026

Pakistani police guard a road in Islamabad, where the US and Iran are to hold talks. Reuters

Oil prices post weekly decline amid fragile ceasefire between the US and Iran

EnergyApril 10, 2026

Cargo ships in the Gulf, near the Strait of Hormuz. Reuters

Oil prices rise on concerns about resumption of flows through Strait of Hormuz

EnergyApril 09, 2026

A gas tanker waits near the Strait of Hormuz, which is to reopen under the terms of a US-Iran ceasefire. Reuters

Oil prices fall after deal to pause US strikes and reopen Strait of Hormuz

EnergyApril 08, 2026

Erbil oil refinery operations have been disrupted as Iraq cuts production amid the Iran conflict and the Strait of Hormuz blockade. Getty Images

Opec+ approves ‘in principle’ May output increase amid war-related supply disruptions

EnergyApril 05, 2026

The Kuwaiti-flagged oil tanker Al Salmi was damaged in a strike in the Arabian Gulf. Reuters

Oil prices likely to rise further after record 60% gain in March

EnergyApril 01, 2026

Vendors transport jerrycans filled with petrol on their motorcycles on the outskirts of Quetta, Balochistan province, Pakistan, 30 March 2026. The trade in smuggled Iranian fuel, a long-standing livelihood for many in Balochistan, has been increasingly affected by the recent US-Israel-Iran conflict, which has disrupted cross-border supply routes and driven up global oil prices. With tensions impacting shipping through key routes such as the Strait of Hormuz and tightening fuel availability, informal fuel transport has become more uncertain and costly, reflecting the wider economic strain and energy disruptions felt across Pakistan and the region. EPA / FAYYAZ AHMED

01:56

Explained: The global fallout from the Iran war’s oil shock

MarketsMarch 31, 2026

As some petrol stations run short of fuel in London and elsewhere in the UK, Keir Starmer is hosting a meeting of energy chiefs. PA

Keir Starmer to meet energy chiefs as fears of UK fuel shortage grow

UKMarch 30, 2026

Gulf producers have lost $15.1 billion in energy revenue since the war began. AFP

Oil prices near $101 on Iran war ceasefire optimism

EnergyMarch 25, 2026

Brent dropped 10.28 per cent to $100.70 a barrel just after US President Donald Trump announced strikes had been delayed. AFP

Oil prices fall more than 10% as Trump postpones Iran strikes

EnergyMarch 23, 2026

The Big Spring refinery in Texas. What the US has done on the energy side of this war looks like botched improvisation. AFP

How the Iran war is turning America's energy dominance into a mirage

EnergyMarch 23, 2026

Benjamin Netanyahu said he would 'hold off' attacks on Iranian gasfields at Donald Trump's request, but Israel has launched strikes on Tehran. AFP

Fresh wave of Israeli strikes on Iran threaten to unsettle energy markets

EnergyMarch 20, 2026

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