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              Oil price

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

              The National

              Shadi's take on disruption to the global economy

              CartoonJuly 24, 2026
              Houthi military spokesman Brig Gen Yahya Saree on a TV screen in Sanaa, Yemen. EPA

              Saudi oil loadings drop by 36% as Houthi threats disrupt Bab Al Mandeb passage

              EnergyJuly 20, 2026
              The USS Donald Cook transits the Arabian Sea accompanied by an MH-60S Sea Hawk as American forces enforce a naval blockade against Iran. Photo: Centcom

              Brent hits $90 as widening Middle East conflict rattles oil markets

              EnergyJuly 20, 2026
              Iran declared the Strait of Hormuz closed this week after its fragile truce with the US fell apart. Getty Images

              Oil prices set to trade around $80 range, with Hormuz toll 'not a factor'

              EnergyJuly 14, 2026
              Ships and tankers in the Strait of Hormuz, off the coast of Musandam, Oman. Reuters

              Oil prices hit highest level in a month after attacks resume in Strait of Hormuz

              EnergyJuly 14, 2026
              Traffic through the Strait of Hormuz has reduced to a trickle after the latest exchange of strikes between the US and Iran. Reuters

              Oil prices post weekly gain as renewed US-Iran hostilities drive volatility

              EnergyJuly 10, 2026
              The US launched strikes on Iran on Wednesday in retaliation for attacks on shipping. AFP

              Oil prices rise as US-Iran strikes reignite supply disruption fears

              EnergyJuly 09, 2026
              A satellite image shows a group of small boats near the Strait of Hormuz. The US accused Iran of attacking three commercial vessels in the waterway. Reuters

              Oil prices surge as Trump says interim deal to end war with Iran is over

              EnergyJuly 08, 2026
              The LNG tanker Al Rekayyat was struck while sailing at the mouth of the Strait of Hormuz. Photo: Vesselfinder.com

              Qatar blames Iran after LNG tanker struck in Strait of Hormuz

              MENAJuly 07, 2026
              Vessels are anchored near the Strait of Hormuz. Oil and gas container traffic has increased since the US and Iran secured a deal. Reuters

              UAE oil exports rebound to 85% of prewar levels despite Hormuz closure, IEA says

              EnergyJune 24, 2026
              A billboard with the Iranian flag in Tehran, Iran. The US and Iran have agreed to end the war and open the Strait of Hormuz. Getty Images

              Oil prices fall below $80 on Middle East peace prospects

              EnergyJune 16, 2026
              Vessels anchored in the Strait of Hormuz, amid the effective closure of the waterway due to the Iran war. Reuters

              Oil slides nearly 5% as US-Iran deal paves way for Hormuz reopening

              BusinessJune 15, 2026
              US Energy Secretary Chris Wright. Reuters

              Oil prices drop as US energy chief sees traffic increase in Strait of Hormuz

              EnergyJune 09, 2026
              On The Record with Mazim Reshetnikov
              Play14:57

              Russia's economy is 'sustainable' despite global uncertainty, minister says

              EuropeJune 08, 2026
              Fuel prices are displayed in New York, with oil prices rising around the globe. AFP

              Oil prices pare gains after Iran declares halt to Israel attacks

              EnergyJune 08, 2026
              Opec's headquarters in Vienna. Reuters

              Opec+ to raise output by 188,000 bpd despite Hormuz closure

              EnergyJune 07, 2026
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