Oil gains as traders await Hormuz deal snagged by transit fee dispute
Brent and WTI both climbed more than 1% on Friday as traders waited on a U.S.-backed deal to reopen the…
Brent Crude News
Latest Brent crude oil news — price movements, global supply factors, geopolitical risks and energy market analysis.
Brent Crude Oil
live price
106.611
-2.9%
US Oil Rig Count Holds at 588 as Permian Drilling Climbs
Baker Hughes' weekly count showed the total US oil and gas rig tally unchanged at 588, with oil rigs up…
Iran’s Parliament Weighs Bill to Permanently Ban US, Israeli Ships From Strait of Hormuz
Iran's Parliament is weighing a bill to permanently bar U.S., Israeli and other vessels it deems hostile from the Strait…
Citi raises Q3 2026 Brent forecast to $80 a barrel as Iran talks drag on
Citi raised its third-quarter 2026 average Brent crude forecast to $80 a barrel from $75 previously, pointing to continued back-and-forth…
Oil rises as Strait of Hormuz deal fails to materialize
Oil prices climbed Friday as traders waited for a deal teased by the Trump administration to reopen the Strait of…
