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The Latest Breaking News from IEA

Crude Prices Supported by Dollar Weakness and Middle East Tensions

September WTI crude oil (CLU26) is up +1.42 (+1.67%) on Tuesday, and September RBOB gasoline (RBU26) is down -0.0122 (-0.37%). Crude oil and gasoline prices are mixed today, with crude oil posting a 3-week high. Today’s sharp decline in the dollar index ($DXY ) to a 2.5-month low is bullish...

Crude Prices Gain on Reduced Middle Eastern Oil Supplies

Crude Prices Gain on Reduced Middle Eastern Oil Supplies

September WTI crude oil (CLU26) closed up +0.44 (+0.52%) on Tuesday, and September RBOB gasoline (RBU26) closed up +0.0316 (+0.97%). Crude oil and gasoline prices extended Monday’s sharp rally on Tuesday and posted 3-week highs as the US and Iran remain deadlocked over control of the Strait of Hormuz, limiting...

Crude Prices Supported as Strait of Hormuz Remains Closed

Crude Prices Supported as Strait of Hormuz Remains Closed

September WTI crude oil (CLU26) is up +0.80 (+0.95%) today, and September RBOB gasoline (RBU26) is up +0.0232 (+0.71%). Crude oil and gasoline prices extended Monday’s sharp rally today and posted 3-week highs as the US and Iran remain deadlocked over control of the Strait of Hormuz, limiting crude supplies...

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Crude Prices Jump as US-Iran War at a Standstill

September WTI crude oil (CLU26) closed up +2.10 (+2.55%) on Monday, and September RBOB gasoline (RBU26) closed up +0.0860 (+2.70%). Crude oil and gasoline prices rallied to 3-week highs on Monday and settled sharply higher. Concerns that the US-Iran war will remain unresolved and keep Middle East oil supplies limited...

Crude Prices Slightly Lower as Oil Supplies Transit Through the Persian Gulf

September WTI crude oil (CLU26) today is down -0.03 (-0.03%), and September RBOB gasoline (RBU26) is up +0.0219 (+0.69%). Crude oil and gasoline prices are mixed today. Crude prices gave up an early advance today and turned slightly lower on signs that larger-than-expected volumes of crude oil are moving out...

In 1956, solar power was priced at about $1,865 per watt and survived largely because spacecraft needed lightweight power. Decades later, prices fell below 50 cents per watt and solar became the cheapest new electricity

Solar power once cost a staggering $1,865 per watt in inflation-adjusted terms. Today, solar panels can cost only a fraction of a dollar per watt. That extraordinary collapse changed the energy market. The first practical solar cells found a home in spacecraft because ordinary electricity could not justify their price.…

The Economic Times

Crude Prices Higher as Iran Continues to Disrupt Vessel Traffic in Strait of Hormuz

September WTI crude oil (CLU26) on Friday closed up +1.15 (+1.42%), and September RBOB gasoline (RBU26) closed up +0.0561 (+1.79%). Crude oil saw support Friday after reports that Iran on Thursday night attacked two Abu Dhabi oil vessels transiting the Strait of Hormuz. Those attacks suggested that Iran intends to...

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Crude Prices Higher on Continued Hormuz Tensions

Crude Prices Higher on Continued Hormuz Tensions

September WTI crude oil (CLU26) is up +0.63 (+0.78%), and September RBOB gasoline (RBU26) is up +0.0316 (+1.01%). Crude oil saw some support overnight after reports that two Abu Dhabi oil vessels were attacked by Iran on Thursday night while moving through the Strait of Hormuz. However, oil prices are...

Crude Prices Fall as Persian Gulf Tensions Ease Slightly

Crude Prices Fall as Persian Gulf Tensions Ease Slightly

September WTI crude oil (CLU26) on Thursday closed down -2.02 (-2.43%), and September RBOB gasoline (RBU26) closed down -0.0257 (-0.81%). Crude oil and gasoline prices fell on Thursday, with no overnight reports of new military attacks by the US or Iran in the Persian Gulf. Market concerns about the Middle...

Crude Prices Undercut as Persian Gulf Tensions Ease Slightly

Crude Prices Undercut as Persian Gulf Tensions Ease Slightly

September WTI crude oil (CLU26) is down -0.83 (-1.00%), and September RBOB gasoline (RBU26) is down -0.0026 (-0.08%). Crude oil and gasoline prices are trading lower, with no overnight reports of new military attacks by the US or Iran in the Persian Gulf. Market concerns about the Middle East were...

The U.S.-Iran Stalemate Over The Strait Of Hormuz Continues. Oil Prices Are Edging Down Anyway.

The U.S.-Iran Stalemate Over The Strait Of Hormuz Continues. Oil Prices Are Edging Down Anyway.

Oil prices are edging down on Wednesday even though the stalemate over the Strait of Hormuz continues.

International Business Times

Iran Slams Hormuz Stakeholders Over Oil Pollution as IEA Warns of 4% Global Supply Drop: ‘Who Bears Responsibility…’

Iran Slams Hormuz Stakeholders Over Oil Pollution as IEA Warns of 4% Global Supply Drop: ‘Who Bears Responsibility…’

Iran’s Ministry of Foreign Affairs spokesperson, Esmaeil Baqaei, has expressed concerns over the environmental degradation in the Strait of Hormuz amid the recent oil spill in the region

Crude Prices Close Higher as IEA Forecasts Tightening Inventories in Q3

Crude Prices Close Higher as IEA Forecasts Tightening Inventories in Q3

September WTI crude oil (CLU26) on Wednesday closed up +0.07 (+0.08%), and September RBOB gasoline (RBU26) closed up +0.0171 (+0.55%). Crude oil and gasoline prices closed higher on Wednesday as the International Energy Agency (IEA) said in its monthly report that the global oil supply deficit will worsen, even as...

Crude Prices Ease on US Crude Oil Inventory Surge

Crude Prices Ease on US Crude Oil Inventory Surge

September WTI crude oil (CLU26) is down -0.19 (-0.23%), and September RBOB gasoline (RBU26) is down -0.0276 (-0.88%). Crude oil and gasoline prices are trading lower today on the surge in US oil inventories seen in the weekly EIA inventory report. Oil prices found support today after the International Energy...

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IEA and OPEC split on global oil demand estimates as Strait of Hormuz closure drags

The world's two most watched oil forecasters published sharply conflicting views of 2026 on Wednesday, with the IEA deepening its call for the first annual demand decline since the pandemic while OPEC still sees consumption growing, as the closure of the Strait of Hormuz drags on.

The Economic Times

Global oil supply shortfall to deepen as Hormuz reopening remains elusive, IEA says

Global oil supply will fall by 4.3 million barrels daily this year. Renewed Middle East hostilities are disrupting supplies and deepening the oil market deficit. This year's expected supply drop compares with earlier forecasts and is significant. The International Energy Agency expects a deficit of 1.8 million barrels daily over…

International Business Times

The IEA Had Already Reduced Its Oil Demand Forecast. It Has Done So Once More.

The International Energy Agency said global oil demand will drop by 1.6 million barrels a day this year, a significant increase compared to the previous figure.

‘Largest Supply Disruption In History’: High Oil Prices Drove Record EV Sales In 50 Countries

U.S. EV sales are down, but the rest of the world is picking up the slack to reduce its reliance on oil.

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International Business Times

Qatar Turned To U.S. Gas As Hormuz Closed. Emergency LNG Purchases Reached About $1 Billion

QatarEnergy's emergency purchases highlight how geopolitical conflict is reshaping global LNG trade, with U.S. exporters stepping in as buyers seek alternative supplies during one of the biggest disruptions to Gulf energy flows in years.

Top Economist Warns China’s Rare-Earth ‘Chokehold’ Could Force Trump to Go Easy on Tariffs Before Meeting Xi in September

Economist Steve Hanke believes China’s dominance of rare-earth processing and permanent magnets will deter President Donald Trump from escalating tariffs before Chinese President Xi Jinping’s visits the United States in September.

The Economic Times

Mideast war supercharges electric car sales: IEA

Soaring fuel prices due to the Mideast war have supercharged sales of electric cars in the second quarter, the International Energy Agency said Thursday. "Despite a challenging backdrop for the global car market, sales of electric cars surged in the second quarter of this year as the energy crisis sparked…

Data centers, power and how to be a winner in the AI Boom

The data center industry has found itself in unchartered waters recently. The boom in demand for AI products and services has led to a 17% increase in electricity consumption.

The Economic Times

China export curbs put $6.5 trillion global supply chains at risk: IEA

Global supply chains for critical minerals face acute economic security challenges. China's export controls on rare earth elements impacted downstream industries significantly. Critical mineral prices rebounded sharply in 2025 and early 2026. Top refining nations, led by China, accounted for most refined supply growth. Strategic stockpiles offer a short-term buffer…

Nvidia’s Rivals Are Coming for Its Crown, But the Smartest AI Bet Sits Further Down the Tech Stack

Hyperscalers are building custom AI chips to cut their reliance on Nvidia. But whoever wins, every chip still runs through the same handful of companies, from Broadcom and TSMC down to ASML.

AI doesn’t end scarcity. It relocates it

While executives optimize what AI makes abundant, value is migrating to scarcities they don’t measure and, increasingly, no longer control.

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