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Oil price

Latest news and analysis on the impact of the price of Brent and West Texas Intermediate

Iranian Foreign Minister Abbas Araghchi says indirect talks with the US are continuing through mediators Pakistan and Qatar. AFP

Iran clings to demands even as threat of renewed US-Israel attacks grows

GulfOctober 21, 2026
Pakistan's Field Marshal ​Asim Munir arrives for talks in Tehran. @PakistanFauj / X

No US peace talks without sanctions removal, Iran tells Pakistan

GulfOctober 20, 2026
A Houthi rebel in Yemen. Concern about the global economy is growing as the regional war persists. EPA

Oil prices hit five-month high as more Houthi attacks prompt supply fears

EnergyOctober 20, 2026
Ryanair chief executive Michael O'Leary says the airline is 85 per cent unhedged against higher oil prices next year. EPA

Europe to see 'biggest-ever' increase in air fares next year, Ryanair chief says

AviationOctober 20, 2026
A Houthi fighter takes part in an offensive against Saudi-backed Yemeni forces in Jawf province. Photo: Reuters

Yemen fighting threatens to widen after Houthi attack on training camp

MENAOctober 19, 2026
Foreign ministers Sergey Lavrov of Russia, left, and Abbas Araghchi of Iran met in Tehran. EPA

Araghchi says Iran sees 'no military solution' to Middle East crisis

GulfOctober 19, 2026
Vessels in the Strait of Hormuz. Gulf oil producers have pushed tanker transfers as far as India’s coast, creating a makeshift network to keep energy exports flowing. Reuters

Oil touches $110 on continued uncertainty over Middle East supplies

EnergyOctober 16, 2026
Tehran is reportedly using new military ⁠tactics to target ships sailing through the Strait of Hormuz. AFP

Trump threatens renewed military action against Iran

GulfOctober 14, 2026
Smoke rises from a Saudi Aramco refinery after an attack by the Houthi rebels in Yemen, on October 3. Reuters

Aramco building on fire after Saudi-led coalition hits Houthi site

GulfOctober 14, 2026
Ships are anchored in the Strait of Hormuz. Iran has stepped up attacks on the oil and gas tankers in recent weeks as it braces for renewed US military campaign. Getty Images

Oil prices rise on potential US strikes on Iran before midterm elections

EnergyOctober 08, 2026
Amin Nasser, chief executive of Saudi Aramco, said the company can reach its maximum ⁠sustainable production ​capacity of ⁠12 million bpd available ⁠within days. Reuters

Oil would have hit $200 a barrel if not for East-West pipeline, Aramco CEO says

EnergyOctober 05, 2026
Aramco raised its November crude prices for Europe by $3 a barrel, while leaving prices for the US unchanged from October. Reuters

Saudi Aramco cuts Asia crude prices to six-year low as oil flows rebound

EnergyOctober 05, 2026
Ships stranded in the Strait of Hormuz, as seen from Musandam, Oman. Reuters

Oil prices rise as US-Iran peace talks hit stalemate

EnergySeptember 28, 2026
Oil prices, seen here at a Shell petrol station in London, continue to trade higher amid Middle East geopolitical tensions. Bloomberg

Oil prices waver in face of Iran war truce and Houthi attacks

EnergySeptember 25, 2026
The Strait of Hormuz will not be reopened until certain conditions are met, Iran has said. AFP

Oil nears $108 on fading US-Iran breakthrough and new strikes on Saudi Arabia

EnergySeptember 24, 2026
US Navy and Coast Guard ships in the Strait of Hormuz. Iran is prepared to reopen the strait if the US eases military pressure, an Iranian official said. Photo: US Naval Forces Central Command

Oil falls below $100 on Hormuz reopening hopes and Saudi pipeline restarting

EnergySeptember 22, 2026
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