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Oil prices zig-zagged between negative and positive territory on Friday as traders weighed supply disruptions against the potential restart of peace talks between the U.S. and Iran that could help limit those disruptions.Prices rose 2% earlier in the day on fears of renewed military escalation in the region after Iran released footage on Thursday of commandos boarding a cargo ship in the Strait of Hormuz, and as progress stalled on re-opening the key waterway.Crude futures then…

Oil prices pared gains on Tuesday after briefly climbing above $100 a barrel following an announcement from U.S. President Donald Trump that he was extending a ceasefire with Iran until Tehran submits a proposal.Brent crude futures were volatile, settling up about 3% on Tuesday and then climbing further to rise more than 5% to a session high of $101.15 after reports that U.S. Vice President JD Vance had called off his trip to Islamabad for peace talks with Iran.Prices later retreated…

Ships were largely avoiding the Strait of Hormuz on Monday after an escalation at the weekend in which Iran fired what appeared to be warning shots at vessels and the U.S. military seized an Iranian cargo ship.Just one ship exited the Gulf through the strait while two entered in the space of 12 hours, ship-tracking data showed on Monday, a fraction of what is usually about 130 vessels per day.The oil products tanker Nero, which is under British sanctions for Russia-related activities…

Oil prices jumped more than 6% in early Monday trading on fears that the ceasefire between the United States and Iran could collapse after the U.S. seized an Iranian cargo ship and traffic through the Strait of Hormuz remained largely halted.Brent crude futures LCOc1 advanced $5.51, or 6.1%, to $95.89 a barrel by 0752 GMT and U.S. West Texas Intermediate CLc1 was up $5.46, or 6.5%, at $89.31.Both contracts tumbled by 9% on Friday, their largest daily declines since April 18, after…

Oil prices rose on Thursday as doubts over a fragile two-week Middle East ceasefire raised concerns that energy flows through the crucial Strait of Hormuz will remain restricted.Brent crude futures LCOc1 were up $2.18, or 2.3%, at $96.93 a barrel at 0645 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 rose $3, or 3.18%, to $97.41 a barrel.Both benchmarks fell below $100 per barrel in the previous trading session, with WTI recording its biggest decline since April 2020…

Oil prices climbed on Tuesday and U.S. crude was on track for its highest close since 2022 ahead of a deadline set by U.S. President Donald Trump for Iran to open the Strait of Hormuz or face attacks on power plants and other infrastructure.Brent futures rose 63 cents, or 0.6%, to $110.40 a barrel at 10:41 a.m. EDT (1441 GMT), while U.S. West Texas Intermediate (WTI) crude rose $3.95, or 3.5%, to $116.36.Typically WTI trades at a discount to Brent, but this has reversed in a market where barrels for earlier delivery command a higher price.

Oil prices retreated in choppy trade on Monday, as investors awaited clarity on the status of indirect talks between the U.S. and Iran, wary about sustained supply losses due to shipping disruptions.Brent crude futures were down 0.22% to $108.79 a barrel at 11:49 a.m. CDT (1649 GMT). U.S. West Texas Intermediate crude futures were trading down 0.08% to $111.45 per barrel.The price moves on Monday were dwarfed by an 11% surge for WTI and an 8% rise for Brent during the previous trading session on Thursday, the biggest absolute price increase since 2020. The U.S.

Oil prices were little changed in choppy trade on Monday, as investors awaited clarity on the status of talks between the U.S. and Iran even as they remained wary about sustained supply losses due to shipping disruptions.Brent crude futures LCOc1 rose 76 cents, or 0.7%, to $109.79 a barrel at 0656 GMT. U.S. West Texas Intermediate crude CLc1 futures were trading 53 cents, or 0.5% lower, at $111.01 per barrel.The pricing moves in Asia trading on Monday were dwarfed by an 11% surge for WTI and an 8% rise for Brent during the previous trading session on Thursday…

Oil prices climbed nearly 7% on Thursday after President Donald Trump said the U.S. would continue attacks on Iran, stoking fears of prolonged disruptions to oil supply.Brent crude futures LCOc1were up $7.65, or 7.6%, to $108.81 per barrel at 0902 GMT. U.S. West Texas Intermediate crude CLc1 futures were up $7.06, or 7.1%, at $107.18 per barrel.Both benchmarks were heading for the biggest daily gains, in both absolute and percentage terms, in three weeks, though they remained…

Oil prices extended gains on Monday, with Brent heading for a record monthly rise, after Yemeni Houthis widened the Iran war by launching their first attacks on Israel.Brent futures rose 66 cents or 0.6% to $113.23 a barrel at 1031 am ET (1431 GMT) after settling 4.2% higher on Friday. U.S. West Texas Intermediate futures were up $2.2 or 2.2%, at $101.83 after gaining 5.5% in the previous session.Brent has soared by about 58% this month, the steepest monthly jump in LSEG data going back to 1988, exceeding gains made during the 1990 Gulf War. U.S.

Oil rose about 2% on Thursday, clawing back losses from the previous session on concerns that protracted fighting in the Middle East will further disrupt energy flows.Brent futures LCOc1 rose $2.08, or 2.03%, to $104.30 a barrel by 0638 GMT, while U.S. West Texas Intermediate crude futures CLc1 were up $1.93, or 2.14%, at $92.25 a barrel.Both benchmarks slumped more than 2% on Wednesday.Iran is still reviewing a U.S. proposal to end the war, but has no intention of holding talks to end the Middle East conflict, Iran's foreign minister said on Wednesday.U.S.

Oil prices slid about 4% on Wednesday on reports that the U.S. had sent Iran a 15-point proposal aimed at ending the war, prompting talk of progress toward a ceasefire.Brent futures fell 3.96, or 3.8%, to $100.53 a barrel at 10:41 a.m. EDT (1441 GMT), while U.S. West Texas Intermediate (WTI) crude fell $3.57, or 3.9%, to $88.78.Pakistan has delivered a U.S. proposal to Iran, and either Pakistan or Turkey could be a venue for discussions to de-escalate the war, a senior Iranian…

Oil prices sank about 4% on Wednesday after reports the United States had sent Iran a 15-point proposal aimed at ending the war in the Middle East, raising prospects of a ceasefire that could ease supply disruptions in the region.Brent crude futures LCOc1 fell $4.17, or 4%, to $100.32 a barrel by 0708 GMT, after declining to as low as $97.57. U.S. West Texas Intermediate crude CLc1 futures were down $3.11, or 3.4%, at $89.24 a barrel, after falling to as low as $86.72.Both benchmarks rose nearly 5% on Tuesday…

Oil prices rose on Tuesday on supply fear, as Iran denied it had talks with the United States to end the war in the Gulf, contradicting U.S. President Donald Trump who said a deal could be reached soon.Brent futures LCOc1 rose $2.89, or 2.9%, to $102.83 a barrel at 0710 GMT, while U.S. West Texas Intermediate (WTI) CLc1 climbed $2.49, or 2.8%, to $90.62.Crude futures dropped more than 10% on Monday, after Trump ordered a five-day delay to attacks on Iran's power plants, saying the U.S.

Oil prices dropped about 8% on Monday after U.S. President Donald Trump said he would postpone any military strikes against Iranian power plants for five days and cited constructive talks to resolve hostilities in the Middle East, hours before a deadline that threatened to escalate the four-week-old war.Brent futures fell $8.92, or 8.0%, to $103.27 a barrel at 12:31 p.m. EDT (1631 GMT), while U.S. West Texas Intermediate lost $7.17, or 7.3%, to $91.06.Extreme price changes in…

U.S. President Donald Trump went into the Iran war convinced that America’s vast oil wealth would insulate the country from the kind of energy shock now battering much of the world. Four weeks into the conflict, that shield is looking fragile.Trump’s wager has only partly paid off. U.S. oil prices have risen less sharply than those elsewhere since U.S.-Israeli air strikes against Iran on February 28 ignited a regional war that rapidly engulfed the Middle East’s energy infrastructure…

Asian refiners are increasingly sending medium-sized crude cargoes from the U.S. Gulf Coast to Asia through the Panama Canal as the U.S.-Israeli war with Iran disrupts trade flows, raises shipping costs and forces Asian refiners to hunt for alternative supplies.The use of medium-sized tankers that typically cost more per barrel to transport crude, coupled with Asian companies' willingness to pay additional fees to move oil through the Panama Canal, underscores their urgent need…

Oil prices rose more than 1% on Tuesday, as renewed Iranian attacks on the United Arab Emirates heightened concerns about the worsening outlook for global supply if there is no quick resolution to U.S.-Israeli war on Iran, now in its third week.Brent crude futures gained $1.33, or 1.3%, to $101.53 a barrel by 1515 GMT while U.S. West Texas Intermediate (WTI) crude advanced $1.21, or 1.3%, to $94.71.The U.S.-Israeli war on Iran shows no signs of abating. While oil futures have not repeated the brief surge to nearly $120 a barrel from earlier in the month…

Oil prices rose sharply on Thursday as Iran stepped up attacks on oil and transport facilities across the Middle East, fuelling concerns of a prolonged conflict and potential disruptions to oil flows through the Strait of Hormuz.Brent futures LCOc1 climbed $5.95, or 6.47%, to $97.93 a barrel at 0915 GMT, having hit $100 per barrel in earlier trading, while U.S. West Texas Intermediate crude CLc1 was up $5.25, or 6%, to $92.50.Brent hit $119.50 a barrel on Monday, its highest since mid-2022, then dropped after U.S.

Oil prices plummeted 7% on Tuesday after soaring to a more than three-year high in the previous session as U.S. President Donald Trump predicted the war in the Middle East could end soon, easing concerns about prolonged disruptions to oil supplies.Brent futures LCOc1 fell $6.79, or 6.9%, to $92.17 a barrel at 0840 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 was down $6.55, or 6.9%, to $88.22 a barrel. Both contracts fell as much as 11% earlier before paring some losses.Oil surged past $100 a barrel on Monday to the highest since mid-2022…

Oil prices surged more than 3% on Thursday, extending a rally as the escalating U.S.-Israeli war with Iran raised fears of prolonged disruptions to vital Middle East oil and gas supplies.Brent LCOc1 crude advanced $2.44, or 3%, to $83.84 per barrel by 0722 GMT, a fifth session of gains. U.S. West Texas Intermediate crude CLc1 rose $2.44, or 3.27%, to $77.10.Crude oil markets remained on edge as they face ongoing risks to supply following the attacks in the Middle East, with concerns centred on trade flows through the Strait of Hormuz…

Peter Sand, Xeneta Chief Analyst:“The recent tariff ruling by the US Supreme Court will have knock-on impacts for ocean container shipping, but this will be nuanced and unlikely to cause a huge increase in frontloading demand, even though tariffs on some Chinese manufactured goods are lower today than a week ago.“The court ruling and political fallout actually increase uncertainty for many shippers. The TPM industry conference taking place in Long Beach next week is traditionally when long term freight contracts are negotiated…

US West Coast-based maritime company Minke Marine A.L. LLC has secured its second class society Approval in Principle (AiP) from ClassNK for its air lubrication sector (ALS) with a new patented design.The ClassNK AiP follows a similar AiP secured by Minke with DNV. The latest AiP comes as Minke Marine began receiving verified data from its first installation on a 55,000 DWT DNV-classed, Norwegian-owned general cargo vessel. Costing less than $485,000 to install, Minke said the initial data shows a positive fuel saving…