Oil prices/Crude oil

Oil heads for steep weekly drop as Hormuz shipments resume despite ship attack

Ships had been openly transiting the crucial waterway following early progress towards a lasting agreement to end the war.

Oil back to pre-war levels as Hormuz traffic rebounds; US reassures Gulf allies

Oil tankers are moored off the coast in Ulsan, South Korea, on June 25.

Oil prices fall as tankers exit Strait of Hormuz

Brent had fallen more than US$3 on June 24 as supply concerns eased, and WTI settled down nearly US$3.

More stranded oil tankers exit Hormuz, adding to global supply

An interim deal between Iran and the US is unlocking more supply stuck in the Gulf, bringing down global prices.

Asia’s demand for Middle Eastern oil slows after buying spree

Adnoc sold around 60 million barrels that will load over June to August across its first three tenders, most of which will flow to Asia.

Oil holds drop as more tankers cross Hormuz after peace talks

West Texas Intermediate traded near US$73 a barrel after falling less than 1 per cent in the previous session. Brent crude closed above US$77.

Iran rushes to woo Asia’s largest oil importers after US waiver

A satellite image shows an oil terminal at Kharg Island, Iran in February.

Oil holds decline as Iran waiver signals peace talks progress

Vessels at the Strait of Hormuz, as seen from Musandam, Oman, on June 22

US petrol stations accused of using AI to inflate prices in California

Petrol station owners, including Walmart, Marathon Petroleum, BP and 7-Eleven, are accused of using artificial intelligence to inflate pump prices in California.

US refiners get rare chance to buy Iranian crude again

For the first time in almost four decades, American fuelmakers will have the option to buy crude from Iran.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.