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Crude Oil

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News — articles from publishers · Digest — our daily curated roundup · AI insights — model-generated take

DigestgeopoliticsAug 31

Russia Extends Diesel Export Ban Amid Ukraine Attacks

Russia prolonged its diesel export restrictions as Ukraine intensified strikes on energy infrastructure, adding to European supply concerns. This occurs alongside the dominant Middle East tensions influencing global oil benchmarks.

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DigestgeopoliticsAug 23

US-Iran Conflict Escalates Amid Hormuz Tensions, Driving Oil Prices Higher

Ongoing US-Iran war and threats to the Strait of Hormuz have pushed oil markets to price in prolonged disruptions, with gasoline prices rising sharply as of August 22-23, 2026.

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DigestcommoditiesAug 18

Oil Prices Surge Over $2 on Iran War Stalemate and Hormuz Supply Fears

Brent crude settled up $2.35 at $90.87/bbl and WTI up $2.10 at $84.50/bbl on August 17, 2026, driven by stalled U.S.-Iran peace talks, threats of indefinite blockade, and tanker incidents in the Strait of Hormuz.

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DigestcommoditiesAug 13

Oil Prices Slip on Weaker 2026 Demand Forecasts and Stalled US-Iran Talks

Brent crude fell nearly 2% to $87.44 a barrel and WTI dropped 1.9% to $81.66 on August 13 as IEA and OPEC cut demand projections while US crude stocks rose sharply. Geopolitical support from the blocked Strait of Hormuz prevented steeper losses.

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DigestgeopoliticsAug 13

Houthi Red Sea Attacks Kill Crew, Disrupt Saudi Oil Exports Amid Iran War Escalation

Iran-backed Houthis attacked a cargo ship in the Bab el-Mandeb strait killing four crew and two rescuers; US struck a container ship; Saudi Red Sea oil exports halted due to threats.

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DigestcommoditiesAug 9

Drone Attacks Slash CPC Oil Loadings by 20% in July

Drone strikes in the Black Sea reduced July oil loadings via the Caspian Pipeline Consortium by a fifth, affecting exports from Kazakhstan and Western majors amid Russia-Ukraine spillover.

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DigestgeopoliticsAug 7

Trump Signals Iran Talks Monday as Hormuz Deal Hopes Fade

President Trump indicated Iran talks would begin Monday without a set deadline, amid reports of Iran pushing restrictions on Hormuz access, keeping oil elevated and equities cautious into the weekend.

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DigestcommoditiesAug 6

Strait of Hormuz Reopening Prospects Pressure Oil Prices

Oil prices showed mixed movements on August 5-6, 2026, as traders priced in potential U.S.-Iran agreements to partially reopen the Strait of Hormuz, a key chokepoint for global oil flows. Brent settled near $79.45 while WTI fell to around $75.

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