Oil prices remained volatile as investors look for clarity on the US-Iran war amid a fragile and indefinite ceasefire. Traffic through the Strait of Hormuz is at a near standstill after the waterway’s brief and confused reopening, driving wild swings in crude markets.

Oil Markets: Prices Volatile as US-Iran War Uncertainty Hits Strait of Hormuz 

U.S. President Donald Trump said that his administration is considering a currency swap agreement with UAE. This comes as the ongoing Iran war continues to rattle global oil markets and regional economies. 


Mightly Dollar Bows Before Chinese Yuan in UAE

Violence continues across West Asia despite US President Donald Trump pausing planned strikes on Iran’s energy grid. The temporary halt follows reported talks, but tensions remain high across the region. Experts warn the situation is still volatile, with risks of escalation impacting global security and oil markets worldwide.


Israel-Iran War: Trump Halts Strikes on Iran's Energy Grid 

Saudi Arabia has announced a significant reduction in its oil output, cutting production by approximately 2 million to 2.5 million barrels per day, a move expected to tighten global supply and push crude prices higher. Officials said the decision aims to stabilise markets amid ongoing volatility in the Middle East and broader geopolitical tensions affecting energy flows. The cut is one of the largest by a major producer in recent years and could have wide‑ranging effects on global energy markets and prices.


Saudi Arabia Cuts Oil Output Between 2 MN & 2.5 Barrels Per Day

Major producers are cutting output as storage fills up, and the most crucial route for the world's energy markets is still essentially closed. That has driven bets for oil markets to experience yet another uphheaval on monday as the war in iran unleashes unparalleled turmoil.

 UK Left With Just Two Days of Gas: Oil Market Chaos to Deepen as More Gulf Giants Cut Output

The Oval Office is closely monitoring global oil trade as tensions in the Strait of Hormuz escalate. This vital chokepoint, which carries a significant portion of the world’s crude, saw only three tankers cross in 48 hours, with dozens more anchored in the Arabian Sea, unwilling to sail without insurance. The U.S. has stepped in to provide support and backstop insurance coverage, aiming to ensure uninterrupted oil flow.

U.S. Steps In to Protect Oil Trade as Strait of Hormuz Faces Disruption

Oil Market Report: Advertising and marketing firms, once vocal champions of the net zero push, are now retreating from their commitments. Like the financial sector, agencies are rediscovering the value of oil and gas clients.


Oil Market Report: Ad Agencies Boost Oil Contracts by 14% in 12 Months

For India and much of Asia, the coming weeks will be crucial. As the world's energy lifeline teeters on the brink, every diplomatic move, military engagement, and shipping update will reverberate across economies, markets, and households.

Strait of Hormuz risks: Asia, including India and China, braces for economic jitters

Experts warn that this could disrupt not only the regional balance of power but also the global oil supply chain, as Iran is a key oil exporter in West Asia.

US attacks Iranian nuclear sites: What lies ahead as geopolitical tensions rise

The attack, announced by Donald Trump on Truth Social, marks a significant escalation in US involvement in West Asia and is expected to inject fresh volatility into global oil, equities, and commodities markets.

US strikes on Iranian nuclear sites to rattle global markets, push investors to safe havens

Brent crude jumps 18% as Israel–Iran tensions escalate; Oxford Economics warns of $130 oil and surging inflation if the Strait of Hormuz closes. Markets brace for Trump response amid rising economic risk.

Middle East tensions rattle oil markets as investors brace for worst-case US involvement

Business & Economy: Oil prices saw a sharp fall after the eight-member OPEC+ announced plans to boost oil production by 411,000 barrels per day in June

Oil sees a sharp decline as OPEC+ decides to increase supply

OPEC+ extends oil supply cuts until December to boost prices amid global demand concerns

Oil market oscillates amid geopolitical shockwaves and economic pivots

Oil Rose in early Asia trading after registering the biggest rise in 4 months on Monday and this comes ahead of an OPEC report on supply and demand. US crude climbed above $78 a barrel after surging 2.9% in the previous session.

Oil holds biggest gain since February ahead of OPEC market report

Domestic fuel shortages grip Russia, more challenges ahead

Oil prices experienced a 2% drop as concerns over the US debt ceiling standoff and rising jobless claims weighed on market sentiment. The stronger US Dollar further added pressure to crude prices, reaching its highest level in a week against major currencies. Brent crude fell to around $75 per barrel from $78 earlier in the week, sparking recession fears amidst global economic concerns and political tensions. While this may imply cheaper fuel prices, a stronger dollar can strain countries that import oil.

Recession fears ignite oil market turbulence

Oil rises 2% in retreat from 15-months low as banking fears subside

Iran slashed oil prices to remain in competition in the market in China as Beijing buys Russian crude in large volumes.

Iran doubles discount on crude for China to compete with Russia

After witnessing a temporary relief on Tuesday, Global Stock Markets once again tumbled today on global recession fears. Oil prices and shares have hit the skids as the persistent palpitations about rising interest rates and recessions struck again.

Fears of global recession mount; stock, oil market rumble

Increased demand for electric vehicles can affect oil market: Study

Despite a jump in prices, oil exporters are losing cash. World's biggest oil economies are still bleeding, while major oil companies are reporting staggering losses. The worst may be yet to come. WION's Palki Sharma tells you why.

Gravitas: Despite a price jump, major oil exporters are losing cash

Oil prices are skyrocketing in India. Global oil prices are touching new highs. Why are Indians paying so much for oil? Will we have to keep paying more? WION's Palki Sharma tells you how a meeting next month could decide what you pay for fuel.

Gravitas: 2 factors are dictating how much you spend on fuel

India is the world's third-largest oil market. It imports nearly 85% of its crude. Petrol prices in India have crossed 100 rupees/litre. What can the govt do to help consumers? WION's Palki Sharma has the details.

Gravitas: What's India's Oil Strategy?

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