July WTI crude oil (CLN26) today is up +1.31 (+1.45%), and July RBOB gasoline (RBN26) is up +0.0450 (+1.48%). Crude oil prices are moving sharply higher today amid a flare-up in hostilities between Iran and Israel that threatens to derail a truce and complicate negotiations to end the war.

Oil prices rose on Monday after a surge of renewed military action in the Middle East threatened to disrupt diplomatic efforts to end the war and sent prices higher. Futures on Brent crude (BZ=F), the international benchmark,

The move is widely seen as symbolic as the war in the Middle East has choked off a critical waterway through which a fifth of the world’s oil passes.

China has reduced oil imports since the start of the Iran war, capping global crude prices.

Oil prices surged as Middle East tensions escalate, with Brent crude nearing $98 despite a fresh OPEC+ output hike. Renewed Israel-Iran hostilities, ongoing disruptions in the Strait of Hormuz and supply shortfalls from key producers are driving crude price volatility and stoking fears of tighter global energy markets.

Crude oil is the loudest macro story of 2026, and the cleanest way to express a view on it without owning physical barrels is through exchange-traded funds. This piece focuses on four: the United States Oil Fund (NYSEARCA:USO),

Middle East oil output is set for a sharp rebound in 2027, with Iraq leading at 34.1% growth, as producers race to restore supply lost during the Iran war and Strait of Hormuz shutdown.

Brent crude falls 1% to $102.91 per barrel Trump signals potential end to U.S.-Israeli war with Iran OPEC output drops 7.5 million barrels per day in March LONDON, April 1 (Reuters) – Oil reversed earlier gains on Wednesday as uncertainty over the ...

South Korea's consumer price growth topped 3% in May for the first time in 26 months as a prolonged Middle East war drove up global oil prices.

In a speech to the nation on April 1, President Donald Trump spoke of the Iran war, and the contest for control of the Strait of Hormuz, as if their outcome had little bearing on the market for oil and gasoline in the United States. “The United ...

SINGAPORE, June 8 (Reuters) - Chinese refiners have delayed two projects slated to come online this year following disruptions to Middle Eastern oil supplies from the Strait of Hormuz due to the Iran war,