IEA sees possibility of critically low oil stockpiles ahead of peak summer demand

Around half of the initial 400-million-barrel coordinated release from March is yet to hit the market

Saudi Arabia is likely to cut its official selling prices for crude oil to Asia in July for a second consecutive month.

Oil prices slip after Trump says talks with Iran to end war are ongoing

Trump told ABC News that he expected a deal to extend the ceasefire and reopen Hormuz “over the next week”

Higher rates for longer would be a headwind for gold, which does not pay interest.

Gold holds fall as traders digest confusion over US-Iran talks

Oil clocking its biggest gain in about a month on Monday while bond yields and the US dollar climbed

US crude futures rise US$2.17 or 2.5% to US$89.53 a barrel.

Oil prices rise more than 2% as Israel steps up incursion into Lebanon

The Israel-Lebanon conflict has been the broadest spillover of the Iran war

Some traders posted strong gains linked to the Iran conflict, reinforcing expectations that continued market volatility could boost their profits.

From oil to coffee beans: Traders in Singapore find ways to deal with Middle East disruptions

The ongoing volatility has created opportunities for independent energy trader Vitol and its peers

The US-Iran war has been marked by chatter of an impending end to the conflict that would open the Strait of Hormuz, used to transit one-fifth of global oil and gas.

Oil falls on hopes for US-Iran ceasefire agreement

Brent crude futures for July settle at US$92.05 a barrel, down 1.8 per cent

The crude oil tanker Odessa, carrying UAE crude after passing through the Strait of Hormuz with its Automatic Identification System transponder turned off, Daesan port, Seosan, South Korea, May 8, 2026.

A quarter of large oil tankers trapped by Iran war have escaped

Most vessels made the transit by “going dark” - switching off the Automatic Identification System used to communicate their positions

Oil prices have been volatile in recent sessions on conflicting signals on the possibility of an end to the three-month Iran war.

Oil falls over 1% on reports of potential US-Iran ceasefire deal

Traffic through the maritime chokepoint remains a small fraction of the pre-war level

US President Donald Trump has yet to approve the ceasefire deal on the war with Iran, which the US and Israel launched on Feb 28.

US imposes fresh sanctions on Iran’s military oil sales

8 vessels involved in transporting Iranian crude oil and petroleum products to global markets were also sanctioned