Tanker operators in the Strait of Hormuz are facing higher shipping and insurance costs, despite a drop in oil prices, as investors wait to see what happens to the world’s most important crude ...

A barrel of Brent crude oil – the benchmark price – jumped by around 1.53% to $78.19 a barrel as of around 7.15 CEST, while WTI rose 1.48% to $74.93 a barrel.

If Iran blocked the strait, oil prices could shoot as high as $120-$130 per barrel, at least temporarily, said Homayoun Falakshahi, head of crude oil analyst at Kpler, in an online webinar Sunday.

In the event of a Hormuz shutdown, global oil and gas prices would skyrocket, and Europe, like the rest of the world, would pay. This is not just an economic problem. It's a strategic one.

The price of Brent crude, the international standard, had jumped 4% as traders anxiously watched the Strait of Hormuz, a waterway on Iran’s southern border that legislators in Tehran were ...

Dr. Gil FeilerOil markets enter a phase of moderate fundamentals with Brent expected to average ~$66–69 USD/barrel in H2 2025 ...

In past crises—from the U.S. invasion of Iraq to tensions around the Strait of Hormuz—prices often rise ahead of military action and fall once the scope becomes clearer.

U.S. and global benchmark oil prices have lost 9% so far this year with tensions in the Middle East having eased back and as oil flows through the [key Strait of Hormuz waterway] (https://www ...

Oil prices are higher in initial trading after the weekend U.S. attack on Iranian nuclear sites, but the rise is relatively modest because markets had already priced in a high degree of ...

The Middle East crisis continues to escalate and a decision to close the strait of Hormuz is a dangerous moment.

The Strait of Hormuz also brings 25% of ammonia, 20% of DAP, 10% of MAP and 30% of sulfur global exports. Taylor says an important factor would be the timing.