Mar 9market
Oil blows past $100 as Hormuz blockade chokes global supply
Brent crude topped $107 and WTI surged past $103 on Monday as the Strait of Hormuz blockade entered its second week, cutting off 20% of the world's oil.
Energy Market News
Latest news and analysis on oil, gas, and commodity markets
Mar 8analysis
Asia's uneven oil shock: India scrambles while China taps reserves
The Hormuz crisis is hitting Asian economies hard, but not equally. India has two months of oil reserves and no alternatives. China has Russian crude and a four-month stockpile.
Mar 7analysis
Hormuz standstill enters week two with $100 oil now in sight
As the Strait of Hormuz blockade drags into its second week, Goldman Sachs warns Brent could top $100 within days while alternative routes can replace only a fraction of lost flows.
Mar 6gas
Qatar warns Gulf energy exports face total shutdown within weeks
Qatar's energy minister told the Financial Times that all Gulf exporters will likely declare force majeure within days if the Iran war keeps escalating.
Mar 6market
Brent crude tops $91 in biggest weekly oil rally since 2022
Oil posted its largest weekly gain in four years as the Strait of Hormuz crisis deepened, with Brent surging 26% and WTI jumping 30% on fears of prolonged supply disruption.
Mar 5market
WTI crude breaks $80 as Hormuz standstill enters second week
US benchmark crude topped $80 a barrel for the first time since late 2024 as tanker traffic through the Strait of Hormuz remains frozen by the Iran conflict.
Mar 4policy
Trump orders Navy escorts and federal insurance to reopen Hormuz
The White House directed the DFC to backstop war-risk coverage for Gulf tankers and said the Navy would escort ships through Hormuz, but the fleet warned it lacks capacity.
Mar 4market
Gas prices spike 11 cents overnight as Iran war hits the pump
The national average for regular gasoline jumped 11 cents to $3.11 in the largest overnight move since 2022, and analysts expect another 25 to 40 cents ahead.
Mar 3gas
Qatar shuts world's largest LNG plant after Iranian drone strikes
QatarEnergy declared force majeure on LNG contracts after Iranian drones struck Ras Laffan, sending European gas prices surging nearly 50% on Monday.
Mar 2oil
Saudi Aramco shuts Ras Tanura refinery after Iranian drone strike
Saudi Aramco halted operations at its 550,000 bpd Ras Tanura refinery after intercepted Iranian drones sent debris into the facility, sparking a fire.
Mar 2market
Oil surges 8% as futures markets digest US-Israel strikes on Iran
WTI jumped to $72.57 and Brent hit $79.41 when futures opened Sunday, as banks warn crude could spike past $100 on Strait of Hormuz disruption fears.