Oil Prices Just Fell Back to Where They Were Before the Iran War — but the Tankers Leaving Hormuz Aren’t Being Replaced

Oil Prices Just Fell Back to Where They Were Before the Iran War — but the Tankers Leaving Hormuz Aren’t Being Replaced

Oil prices are falling back to pre-Iran conflict levels despite ongoing geopolitical supply risks, as global demand softens and the market prices in rising exports from the Persian Gulf. Traders are betting that diplomatic efforts—such as the recent U.S.-Iran ceasefire and increased tanker traffic through the Strait of Hormuz—will avert a severe supply crunch. President Donald J. Trump holds a cabinet meeting in the Cabinet Room Wednesday, May 2…

Ships pull back amid heightened risk from US-Iran strikes

LONDON — Traffic through the Strait of Hormuz dropped significantly over the weekend, as a four-day exchange of attacks between Iran and the United States left some shipowners deciding it was too risky to transit.

Oil Prices Rise After US, Iran Attacks and Amidst Hopes of Hormuz Shipping Recovery

Oil prices gained more than 1% on Monday after attacks by the U.S. and Iran underscored the fragility of their interim peace deal, while cautious hopes of a continued recovery in energy shipping through the Strait of Hormuz limited gains.Iranian and U.S.

Halliburton, Valero and 3 More Stocks Set Up for a Fragile Hormuz Truce

Brent crude has fallen more than 20% in the past month, sliding from triple digits during the worst of the Iran war to around $72 a barrel today. WTI sits near $70. That kind of move usually means one thing: the crisis is over. It isn't, not quite. The Strait of Hormuz, the chokepoint that carries roughly a fifth of the world's seaborne oil, spent nearly four months effectively shut after the U.S. and Israel struck Iran on Feb. 28. Iran mined th…

U.S.-Iran: Hormuz faces its next test

The real test for the Iran ceasefire isn’t oil prices. It’s the empty tankers heading into Hormuz Why it matters: Oil is flowing through the Strait of Hormuz again. Brent prices have settled back to roughly where they were before the war, and Washington and Tehran are preparing for another round of talks in Doha. But beneath the appearance of stability, the shipping and energy industries remain far less convinced that the crisis is over. For op…

Oil Prices Track U.S.-Iran Strikes, Hormuz Tolls, and Shipping Recovery - Mansfield Energy

Energy markets are tracking several moving pieces this week, with the Strait of Hormuz still at the center of the conversation. Shipping activity through the waterway has improved, helping ease some supply concerns, but recent U.S.-Iran strikes, possible transit tolls, and upcoming peace talks continue to influence market direction. This morning, WTI futures were up 73 cents per barrel after closing down by about $7 per barrel week-over-week. Th…