China’s oil import cuts drive $30 drop in global crude prices amid Iran tensions
China's decision to cut oil imports by 5.5 million barrels per day has reportedly driven a $30 drop in global...
Oil News (WTI)
Latest WTI crude oil news — price movements, OPEC+ production decisions, US inventory data and energy market analysis.
US Crude Oil
live price
70.091
+1.11%
Iran warns neighbours against joining new U.S. sanctions as Hormuz stays closed
Iran's security chief Mohsen Rezaei warned neighbouring states against joining a new round of U.S. sanctions, saying it would make...
Ship traffic through the Strait of Hormuz jumps amid unresolved Iran-Israel-US conflict
Ship traffic through the Strait of Hormuz jumped to nearly 200 vessels last week, up sharply from the prior two...
Iran threatens assets of sanction-aiding nations as Hormuz diesel supply risk mounts
Iran's top security official says the country will target the assets of nations that support U.S. sanctions, a warning that...
Oil chokepoints beyond Hormuz absorb rerouted crude as Red Sea blockade bites
Oil displaced from a shuttered Strait of Hormuz is piling pressure on five other chokepoints. Bab el-Mandeb traffic has roughly...
