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Tuesday
04
Aug 2026
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Oil: 9% plunge after Axios report that US and Iran are nearing an agreement

Axios claims the agreement would include, among other things, the lifting of restrictions on ship passage through the Strait of Hormuz

Donald Trump met with Chevron and other oil giants: Concerns over the “war shock” in energy prices

The U.S. president regularly holds meetings with industry executives in order to stay informed about developments. Gasoline prices in the U.S. have reached $4.18 per gallon, the highest level since 2022

Oil: Brent heading toward $110 due to Hormuz, with the Fed, BOJ, and fears of a new energy shock in focus

According to experts, it will take at least four to six months for the oil market to stabilize, and until then prices are likely to remain elevated

Ceasefire pushes oil prices below $95, with Brent moving toward $90

The US–Iran de-escalation and the reopening of the Strait of Hormuz sharply drive prices down, reducing fears of a new energy crisis

Prices are surging for oil and gas as Trump issues threats and Iranians deploy human shields: What markets are betting on

Natural gas prices have doubled compared to the beginning of 2026, setting the tone for wholesale electricity pricing

Iran’s oil windfall amid war with the US & Israel: How it exports up to 2.8 million barrels daily and who keeps buying

According to The Economist, despite the near closure of the Strait of Hormuz and the removal of roughly 15% of global oil supply from the market, Tehran continues to boost its revenues through a complex network of transport and financial transactions

Russia halts gasoline exports from April 1 in bid to curb domestic prices

Moscow is set to suspend gasoline exports starting April 1, as part of efforts to stabilize domestic fuel prices following last year’s shortages linked to Ukrainian strikes on Russian refineries

Energy anxiety in Europe, 50% chance of recession in the US: The economic victims of the war in Iran

Oil in Europe flirts with $110 per barrel, natural gas up 94% since the start of the year – The most expensive gasoline in the US since summer 2022, when the war in Ukraine was raging – What Politico writes about Asian countries pushing demand and driving prices higher

Oil in Europe is heading toward $110 after the strike on an Iranian natural gas facility – up 80% since the beginning of the year

The escalation of attacks on Iran’s critical energy infrastructure, such as the South Pars gas field, is triggering a new surge in prices

Oil prices rise over 3% again – Brent above $103 amid strait crisis

Rising tensions in the Strait of Hormuz and the reluctance of U.S. allies to escort tankers have driven another surge in crude prices, increasing uncertainty

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