The Latest Breaking News from crude oil

Crude Prices Surge as Middle East Tensions Escalate

July WTI crude oil (CLN25 ) Tuesday closed up +3.07 (+4.28%), and July RBOB gasoline (RBN25 ) closed up +0.0520 (+2.34%). Crude oil prices rallied sharply on Tuesday on the increase in Middle East tensions after President Trump downplayed the prospects for an early end to the Israel-Iran war. President...

Barchart · Jun 17, 2025

UK pushes for lower Russian oil cap as PM denies coalition of the willing is dead

The Prime Minister said he ‘strongly’ believes that restrictions on the price of Russian crude oil should be increased.

Evening Standard · Jun 17, 2025

Crude Prices Climb as Prospects Dim for an Early End to Israel-Iran War

July WTI crude oil (CLN25 ) today is up +1.88 (+2.62%), and July RBOB gasoline (RBN25 ) is up +0.0286 (+1.29%). Crude oil prices are sharply higher today on the increase in Middle East tensions after President Trump downplayed the prospects for an early end to the Israel-Iran war. Today's...

Barchart · Jun 17, 2025

Israel-Iran crisis: How vital is the Strait of Hormuz for oil market?

Tensions between Israel and Iran have raised fears of disruption in the Strait of Hormuz, a vital route for global oil and LNG. Experts warn that even the threat of closure could rattle markets and push energy prices sharply higher.

Euronews · Jun 16, 2025

Israel-Iran conflict and India’s strategic dilemma

The latest escalation in tensions between Israel and Iran is arguably the most significant among a slew of flare ups, involving both state and non-state actors, in West Asia in the last two years. Even if these conflicts have been seen as the spillover of the Gaza conflict, each one…

Newslaundry · Jun 14, 2025

Crude Oil Prices Soar on Israel's Attack on Iran

July WTI crude oil (CLN25 ) is up +4.20 (+6.17%), and July RBOB gasoline (RBN25 ) is up +0.0825 (-3.85%). Crude oil prices initially soared by +11% after news that Israel launched a major military strike on Iran, although prices have since fallen back and are currently up about +6%....

Barchart · Jun 13, 2025

Oil prices surge after Israel's attack on Iran. Trump urges Iran to 'make a deal before there is nothing left'

JPMorgan fears crude oil could hit a high of $130 a barrel, causing U.S. inflation to return to 5% in a worst-case scenario.

Fortune · Jun 13, 2025

Oil Prices Jump Over 8%: Mukesh Sahdev Warns of a Looming Blockade of the Hormuz Strait

The underlying fear is not only a reduction in Iranian oil supply but also a broader disruption in the Strait of Hormuz, the world's most important passage point for crude oil transportation, which connects the Gulf of Oman with the Persian Gulf and is a vital shipping route for Middle…

International Business Times · Jun 13, 2025

US Tariff Threats Weigh on Crude Oil Prices

July WTI crude oil (CLN25 ) Thursday closed down -0.11 (-0.16%), and July RBOB gasoline (RBN25 ) closed down -0.0239 (-1.10%). Crude oil and gasoline prices on Thursday erased an early rally and turned lower as the latest tariff threats from President Trump sparked long liquidation in energy futures. Crude...

Barchart · Jun 12, 2025

Crude Prices Fall Back on US Tariff Threats

July WTI crude oil (CLN25) today is down -0.53 (-0.78%), and July RBOB gasoline (RBN25 ) is down -0.0240 (-1.11%). Crude oil and gasoline prices erased an early rally and turned lower as the latest tariff threats from President Trump sparked long liquidation in energy futures. Crude prices today initially...

Barchart · Jun 12, 2025