Download the app
App StorePlay Store
Beige
Login
← All tags

wti

Oil slips while gas holds steady as Iran ceasefire hopes collide with Strait of Hormuz uncertainty

Oil slips while gas holds steady as Iran ceasefire hopes collide with Strait of Hormuz uncertainty

Oil prices eased after three days of gains as traders digested a fragile Iran ceasefire and the upcoming Trump-Xi meeting in Beijing. Brent futures fell to about $106.91 a barrel and WTI to around $101.14, with markets remaining jittery about potential supply disruptions tied to the Strait of Hormuz, a key shipping chokepoint. Natural gas in Europe stayed largely stable as some LNG resumed, yet buyers were cautious because storage levels remain low. Analysts expect volatility to persist with geopolitics and inventories.

Summarised by Beize from a story on The Economic Times on 14 May 2026
Oil spikes as US Iran talks fail and Hormuz stays shut sparking 3% jumps in Brent and WTI

Oil spikes as US Iran talks fail and Hormuz stays shut sparking 3% jumps in Brent and WTI

Oil prices jumped sharply after the US and Iran failed to agree on a peace proposal, leaving the Strait of Hormuz restricted. Brent futures rose about $3.21 to $104.50 per barrel and US WTI climbed roughly $3.06 to $98.48, more than 3% on the day. Traders cited heightened shipping and supply fears, as drone incidents, nuclear tension, and reported naval actions raise the odds of further disruption. Analysts say the next move hinges on diplomacy and whether Hormuz reopens.

Summarised by Beize from a story on The Economic Times on 14 May 2026

Your news, in seconds

App StorePlay Store
Oil prices surge as US Iran tensions threaten Hormuz ceasefire hopes

Oil prices surge as US Iran tensions threaten Hormuz ceasefire hopes

Oil prices jumped Friday as renewed US Iran clashes put a fragile ceasefire at risk and cloud hopes of reopening the Strait of Hormuz. Brent and WTI futures reversed earlier declines and rose sharply amid conflicting claims: Iran accuses US violations while the US cites retaliatory strikes, even as President Trump says the ceasefire still holds.

Summarised by Beize from a story on The Economic Times on 8 May 2026
Oil jumps again as US Iran tensions raise Strait of Hormuz supply fears

Oil jumps again as US Iran tensions raise Strait of Hormuz supply fears

Oil prices are rising after fresh US and Iran clashes reignited fears over supply routes through the Strait of Hormuz. Brent pushed above $100 and WTI followed higher, but markets are still split as ceasefire talks continue. Traders now look to upcoming jobs data, currency moves, shipping risks, and global equities for clues on whether crude gains can hold.

Summarised by Beize from a story on The Economic Times on 8 May 2026
WTI and Brent crash explained as traders unwind risk bets and demand fears hit crude hard

WTI and Brent crash explained as traders unwind risk bets and demand fears hit crude hard

WTI crude and Brent saw a sharp selloff, with Brent dropping more than 7% in a session. Traders rushed to remove geopolitical risk premiums from crude futures after Middle East tensions eased and higher supply expectations grew. The move also followed a reported large short-selling position ahead of US Iran deal headlines, while weak demand and slowing growth fears added pressure.

Summarised by Beize from a story on The Economic Times on 6 May 2026
Oil prices slump again as Trump hints at a potential Iran peace deal

Oil prices slump again as Trump hints at a potential Iran peace deal

Oil prices fell for a second straight day, with Brent crude slipping to $108.35 a barrel and U.S. West Texas Intermediate dropping to $100.77. The decline follows a sharp drop in the prior session and comes after remarks by Donald Trump that could point to a possible Iran peace deal, easing supply fears.

Summarised by Beize from a story on The Economic Times on 6 May 2026

Never miss a story

App StorePlay Store
Oil prices drop after US Iran ceasefire holds as Hormuz shipping resumes and traders shift focus to inventories

Oil prices drop after US Iran ceasefire holds as Hormuz shipping resumes and traders shift focus to inventories

Oil prices slid about 3% as a fragile US Iran ceasefire held and a vessel transited the Strait of Hormuz, easing immediate supply risk and lifting hopes for smoother shipping. Traders are now shifting from geopolitics to data, especially oil inventory updates, to gauge whether Brent and US WTI will keep falling or rebound amid lingering geopolitical uncertainty.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Brent Crude Drops Below 114 as escort plans ease supply panic and brokerages reset forecasts

Brent Crude Drops Below 114 as escort plans ease supply panic and brokerages reset forecasts

Global oil markets saw a brief cooling move as Brent crude slipped to around $113.93 per barrel, retreating from multi-month highs. WTI also eased to about $104.87, down nearly 1.5%. The pullback is linked to easing supply fears after “Project Freedom” escort developments, prompting brokerages to reassess near-term price pressure and potential India impact.

Summarised by Beize from a story on Republic on 5 May 2026
Brent crude races toward 150 as WTI spikes hard and tensions loom

Brent crude races toward 150 as WTI spikes hard and tensions loom

Brent crude has surged past $120 and briefly touched $126, while WTI pushed above $110, nearly doubling from late February levels. Analysts say the speed and urgency of the move signal deeper stress in global supply and risk pricing. The article weighs whether US-Iran tensions or an UAE OPEC exit is driving the oil and gas jump.

Summarised by Beize from a story on The Economic Times on 4 May 2026
Oil jumps more than a dollar as Iran talks stall and exports face fresh curbs

Oil jumps more than a dollar as Iran talks stall and exports face fresh curbs

Oil prices surged over a dollar as Iran conflict resolution faltered. Tehran’s moves to block the Strait of Hormuz and U.S. Navy restrictions on Iranian crude exports tightened supply expectations, pushing Brent to $111.59 and WTI to $105.46. The market also weighed escalating threats of prolonged strikes if attacks resume, keeping gains on track.

Summarised by Beize from a story on The Economic Times on 1 May 2026

Reading on mobile?

App StorePlay Store
US oil reserves fall fast as Iran war sparks brutal swings in Brent and WTI prices

US oil reserves fall fast as Iran war sparks brutal swings in Brent and WTI prices

Global oil markets are roiled after a four-year high as the Iran conflict disrupts shipping, lifts transport costs, and drives volatile crude prices. In the US, Strategic Petroleum Reserve levels fall even while exports rise. Natural gas futures climb, while Waha Hub prices remain negative due to pipeline constraints, underscoring supply-demand imbalances.

Summarised by Beize from a story on The Economic Times on 30 Apr 2026
Oil rockets as Iran tensions flare and blockades loom will Brent and WTI keep climbing

Oil rockets as Iran tensions flare and blockades loom will Brent and WTI keep climbing

Oil prices surged as reports of potential US military action against Iran and a long blockade of Iranian ports intensified supply fears. With the Strait of Hormuz under threat and talks stalled, Brent jumped above $125 and US WTI above $109. Investors now watch demand-destruction concerns and OPEC+ output decisions for clues on whether the rally holds or reverses.

Summarised by Beize from a story on The Economic Times on 30 Apr 2026
Brent Crude Jumps Past 114 as Hormuz Tensions Spark Fear of Iran Export Disruption

Brent Crude Jumps Past 114 as Hormuz Tensions Spark Fear of Iran Export Disruption

Oil prices surged on April 29 as Brent cracked above $114 and WTI topped $103, driven by escalating disruption near the Strait of Hormuz. Reports of stalled U.S. Iran negotiations and an extended U.S. naval blockade are shifting trader focus from short-term supply shocks to a longer squeeze on Iranian exports, with knock-on implications for gasoline, inflation expectations, and today’s Fed rate outlook.

Summarised by Beize from a story on The Economic Times on 29 Apr 2026
Oil jumps on Middle East shipping choke points while gold slips as markets recalibrate rates and data

Oil jumps on Middle East shipping choke points while gold slips as markets recalibrate rates and data

Oil prices are rising while gold falls as Middle East tensions disrupt shipping and limit flows through the Strait of Hormuz. Gold is slipping as investors focus on upcoming central bank guidance, inflation signals, and economic data. With global stocks edging up, traders now look to inflation, interest rates, earnings, and diplomacy to predict whether Brent and WTI keep climbing or swing wildly.

Summarised by Beize from a story on The Economic Times on 27 Apr 2026

Follow your favourite sources

App StorePlay Store
Oil prices slip as traders weigh uncertain US Iran peace talks prospects

Oil prices slip as traders weigh uncertain US Iran peace talks prospects

Oil prices fell modestly as investors reassessed the outlook for US-Iran peace talks, leaving traders cautious. Brent crude eased 0.2% to $98.27 a barrel after earlier climbing to $99.38, while West Texas Intermediate slipped 0.3% to $89.39 after peaking near $90.71. Momentum shifted as uncertainty returned.

Summarised by Beize from a story on The Economic Times on 25 Apr 2026
Oil rebounds sharply after Strait of Hormuz closure sparks fresh crude surge

Oil rebounds sharply after Strait of Hormuz closure sparks fresh crude surge

Oil prices surged as the Strait of Hormuz reportedly closed again, reigniting supply disruption fears. Brent crude futures climbed $6.11 (6.76%) to $96.49 a barrel, while U.S. West Texas Intermediate rose $6.53 (7.79%) to $90.38 by 2327 GMT, reversing earlier declines and boosting sentiment across energy markets.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Oil prices tumble on hopes US Iran talks will boost Middle East supply

Oil prices tumble on hopes US Iran talks will boost Middle East supply

Oil prices fell Tuesday as expectations of upcoming U.S.-Iran talks lifted hopes that Middle East supply could increase. Brent futures dropped 1% to $94.53, while WTI slipped 1.72% to $88.07. Traders are focused on whether negotiations produce an extended ceasefire or wider deal, even as disruption risks still linger.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Page 1

The full experience is on mobile.

Swipe through stories, personalise your feed, and save articles for later — all on the app.

Download on the App StoreGet it on Google Play