Oil prices hit $100 for the first time since May

Oil prices hit $100 a barrel for the first time since May as the escalating conflict in the Middle East reignited fears over global energy supplies.

Oil prices climb to $96 a barrel

Oil prices are extending their gains, with Brent crude futures rising $1.93 as of 00:11 GMT, or 2 percent, to reach $96 a barrel, marking their highest level since June 8.

Brent crude falls below 75 USD first time since U.S. strikes Iran

Brent crude futures fell below 75 U.S. dollars per barrel on Wednesday for the first time since the United States struck Iran in late February, as concerns over supply disruptions eased.

Oil prices fall as Trump calls off Iran strikes

Oil prices fell on Friday, extending losses from the previous session after US President Donald Trump cancelled plans to strike Iran, reducing fears of an escalation of hostilities following tit-for-tat attacks earlier in the week.

Iran signals ‘readiness, rather than compromise’ amid US threats

We are seeing a new round of very sharp and threatening language from Trump, who said on his Truth Social that the clock is ticking for Iran and that it must move fast or face consequences.

Oil prices jump amid renewed US-Iran fighting in Hormuz Strait, then settle

Brent ⁠crude oil futures jumped as much as 3 percent on Friday, as the US and Iran clashed in the Strait of Hormuz, but the gains were pared back amid optimism of an imminent agreement between Washington and Tehran to end the war.

Oil prices surge past $103 a barrel after US announces blockade of Iran

Oil prices have risen sharply following US President Donald Trump’s announcement of a naval blockade of Iran.

Oil drops as Trump announces 10-day delay to attacks on Iran energy sites

Oil prices have fallen as US President Donald Trump pushed back a deadline for US attacks on Iran’s energy facilities.

One killed in attack on oil tankers at Iraqi port

A spokesman for Iraq’s army says one crew member was killed and 38 others were rescued after the attack on two foreign oil tankers in its port of al-Faw.

Trump says Iran war 'very complete, pretty much' and ahead of schedule

Trump has suggested the war against Iran could be over soon, telling the BBC’s US media partner CBS News: “I think the war is very complete, pretty much."

Saudi Arabia downs four drones heading towards Shaybah oilfield

The Saudi Ministry of Defence says it has intercepted and destroyed four drones over the country’s Rub al-Khali desert that were heading towards the Shaybah oilfield.

Gas price in Europe exceeded $650 after Putin’s remarks on ending EU supplies

Gas prices on European exchanges rose by more than 10% at the opening of trading and exceeded $650 per 1,000 cubic meters, according to data from the London-based ICE exchange.

Oil prices rise after ships attacked near Strait of Hormuz

Global oil prices have risen after at least three ships were attacked near the Strait of Hormuz, as Iran continues to launch strikes across the Middle East in response to ongoing attacks by the US and Israel.

Oil prices plunge after Trump says hopeful over Iran talks

Oil prices plunged Monday after Donald Trump said he was hopeful of reaching a deal with Iran, easing concerns about a conflict between the two in the crude-rich region.

Slovakia Eyes Full Russian Gas Supply as Self-Destructive EU Ban Looms

Slovakia’s state-owned energy supplier SPP aims to source up to 100% of its gas from Russia next year, just as a new EU ban on spot purchases takes effect in January, Bloomberg reported.

Attack against CPC to provoke high prices in global markets — Putin

The attack against the Caspian Pipeline Consortium will provoke steadily high prices in international markets that are of no interest for consumers, Russian President Vladimir Putin said.

G7 countries mulling option of lowering price ceiling on Russian oil — Bloomberg

G7 countries are planning to revise the price ceiling on Russian oil as part of tightening of their anti-Russia policy, Bloomberg reported citing a draft of the document.

EU shoots down rumors it will revive divisive gas price cap

The European Union is not planning to include a gas price cap in its upcoming strategy to slash energy prices, a European Commission official said, pushing back on chatter that the EU executive was eyeing the measure.

EU Mulling Gas Price Cap

EU leaders are deliberating instituting a cap on natural gas prices, which have been surging recently, the Financial Times reported on Wednesday.

Some EU States Suggest Resuming Gas Imports from Russia As Part of Ukraine Settlement

Several EU member states have offered adding restart of supplies of Russian pipeline gas to Europe to the future agreement on settlement of the conflict in Ukraine, the Financial Times wrote citing European sources.