US-Iran tensions push Brent crude 1% higher as Strait of Hormuz risk grows
Brent crude has climbed as renewed US-Iran hostilities raise fears of disruption at the Strait of Hormuz, a key chokepoint…
Commodities News
Latest commodities market news — gold, silver, oil, natural gas and metals. Price movements, supply factors and macro drivers explained by our analysts.
Citi lifts 3Q26 Brent forecast to $86 a barrel but keeps 2027 view at $65
Citi raised its third-quarter 2026 Brent forecast to $86 per barrel in a research note published on September 3, while…
US diesel prices hit record high as conflicts intensify supply crunch
The U.S. national average diesel price climbed to a record $5.820 a gallon on Thursday, topping the prior high set…
Brent Crude Tops $96 as Kuwait Reports Iranian Missile and Drone Attack
Kuwait's military said Thursday it was engaging Iranian missiles and drones, widening a conflict now in its seventh month beyond…
Trump administration secures oil deal with Venezuela to boost US reserves
The Trump administration has secured an oil agreement with Venezuela granting U.S. access to more than 65 billion barrels of…
