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The Latest Breaking News from OPEC

Iraq And Syria Have Signed A Deal To Restore A Major Oil Pipeline. It Would Create An Alternative To The Strait Of Hormuz.

The proposed project would restore the pipeline connecting the oil-rich city of Kirkuk in northern Iraq with Syria's Mediterranean coast.

International Business Times

Iraq, Syria Revive Oil Pipeline Shut Since 2003 in Bid to Bypass Strait of Hormuz After Iran War Disrupts Exports

On Friday, Iraq and Syria agreed to revive a long-idled oil pipeline linking northern Iraq to Syria’s Mediterranean coast as Baghdad looks to reduce its reliance on the Strait of Hormuz following disruptions caused by the recent U.S.-Iran conflict.

Benzinga

Escalation of US-Iran Hostilities Pushes Crude Oil Sharply Higher

August WTI crude oil (CLQ26 ) on Friday closed up +3.54 (+4.48%), and August RBOB gasoline (RBQ26 ) closed up +0.1080 (+3.29%). Crude oil and gasoline prices rallied sharply on Friday, with crude posting a 5-week high and gasoline posting a 2-month high. Crude prices surged on Friday amid heightened...

Barchart

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Crude Oil Prices Soar as the US and Iran Escalate Attacks

August WTI crude oil (CLQ26 ) today is up +2.16 (+2.74%), and August RBOB gasoline (RBQ26 ) is up +0.1049 (+3.19%). Crude oil and gasoline prices are moving sharply higher today, with crude posting a 1-month high and gasoline posting a 7-week high. Crude is rallying today on heightened concerns...

Barchart

Current price of oil as of July 17, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Fortune

Peak of US-Iran conflict likely over; easing commodity prices to aid Indian manufacturers from H2FY27: Report

Easing commodity prices are expected to boost Indian manufacturers' operating margins. Global supply is improving and demand from China remains weak. US crude oil exports have risen, offsetting supply disruptions. OPEC+ agreed to increase output, further stabilizing oil prices. Manufacturing margins historically recover with a lag after commodity prices ease.

The Economic Times

Dollar Strength Sparks Long Liquidation in Crude Oil Futures

August WTI crude oil (CLQ26 ) on Thursday closed down -0.65 (-0.82%), and August RBOB gasoline (RBQ26 ) closed down -0.0162 (-0.49%). Crude oil and gasoline prices gave up early gains on Thursday and settled lower, as a stronger dollar sparked profit-taking and long liquidation. Crude prices are supported by...

Barchart

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Crude Oil Prices Weaken on Dollar Strength

August WTI crude oil (CLQ26 ) today is down -0.24 (-0.30%), and August RBOB gasoline (RBQ26 ) is down -0.0088 (-0.27%). Crude oil and gasoline prices are slightly lower today, weighed down by a stronger dollar. Crude prices are supported by heightened US-Iran tensions, which have reduced crude oil flows...

Barchart

Current price of oil as of July 16, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Fortune

Crude Oil Prices Move Higher on the Prospects of Tighter Global Supplies

August WTI crude oil (CLQ26 ) on Wednesday closed up +0.26 (+0.33%), and August RBOB gasoline (RBQ26 ) closed up +0.0736 (+2.28%). Crude oil and gasoline prices settled higher on Wednesday, with gasoline up sharply at a 7-week high. Crude prices found support after the US launched airstrikes against Iran...

Barchart

Crude Oil Prices Erase Early Gains on a Bearish EIA Inventory Report

August WTI crude oil (CLQ26 ) today is down -0.54 (-0.68%), and August RBOB gasoline (RBQ26 ) is up +0.0206 (+0.64%). Crude oil and gasoline prices are mixed today. Crude prices gave up an early advance and turned lower today on a bearish weekly EIA inventory report. Crude prices initially...

Barchart

Current price of oil as of July 15, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Fortune

Crude Oil Prices Rise as US-Iran Hostilities Continue

August WTI crude oil (CLQ26 ) on Tuesday closed up +1.20 (+1.54%), and August RBOB gasoline (RBQ26 ) closed up +0.0610 (+1.93%). Crude oil and gasoline prices added to Monday’s gains on Tuesday, with crude posting a 1-month high and gasoline posting a 1.5-month high. Crude prices are climbing as...

Barchart

Beyond the Strait of Hormuz: How Gulf countries are preparing for life without the waterway

IN DEPTH : The US and Iran continue tit-for-tat strikes over the vital shipping route while a fifth of the world’s oil supply remains at a standstill. But Gulf countries have been looking towards alternatives for a more independent future, Maira Butt reports

The Independent UK

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Barchart

Crude Oil Prices Climb as US-Iran Truce Collapses

August WTI crude oil (CLQ26 ) today is up +0.81 (+1.04%), and August RBOB gasoline (RBQ26 ) is up +0.0466 (+1.47%). Crude oil and gasoline prices added to Monday’s gains today, with crude posting a 1-month high and gasoline posting a 1.5-month high. Crude prices are climbing as the truce...

Fortune

Current price of oil as of July 14, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Barchart

Crude Oil Prices Sharply Higher on Escalation of US-Iran Hostilities

August WTI crude oil (CLQ26 ) on Monday closed up +6.73 (+9.42%), and August RBOB gasoline (RBQ26 ) closed up +0.1817 (+6.09%). Crude oil and gasoline prices surged on Monday, with crude posting a 3.5-week high and gasoline posting a 5-week high. Crude prices soared amid an escalation of US-Iran...

Barchart

Crude Oil Prices Surge as US Reinstates Blockade of Iran

August WTI crude oil (CLQ26 ) today is up +3.46 (+4.87%), and August RBOB gasoline (RBQ26 ) is up +0.1036 (+3.47%). Crude oil and gasoline prices are up sharply today amid an escalation of US-Iran hostilities over control of the Strait of Hormuz. Gains in crude oil accelerated today after...

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news in one place.

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Fortune

Current price of oil as of July 13, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Barchart

Crude Oil Prices Retreat as US-Iran Peace Talks Set to Continue

August WTI crude oil (CLQ26 ) on Friday closed down -0.67 (-0.93%), and August RBOB gasoline (RBQ26 ) closed down -0.0541 (-1.78%). Crude oil and gasoline prices gave up an early advance on Friday and moved lower as prices whipsawed on various news headlines. Crude prices initially jumped on Friday...

Bangkok Post

Asian shares gain despite new US-Iran clashes

RECAP: Asian stocks rose sharply yesterday, led by ‌chip and AI firms, as investors brushed off concern about fresh US-Iran hostilities, which has put the spotlight back on oil prices and inflation risk.

Barchart

Crude Oil Prices Slide as President Trump Said Iran Peace Talks to Continue

August WTI crude oil (CLQ26 ) today is down -0.88 (-1.22%), and August RBOB gasoline (RBQ26 ) is down -0.0891 (-2.93%). Crude oil and gasoline prices gave up an early advance today and turned lower as prices whipsawed on various news headlines. Crude prices initially jumped after Iran vowed to...

Fortune

Current price of oil as of July 10, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Barchart

Crude Oil Prices Slump on Limited Escalation of US-Iran Conflict

August WTI crude oil (CLQ26 ) on Thursday closed down -1.44 (-1.96%), and August RBOB gasoline (RBQ26 ) closed down -0.0647 (-2.00%). Crude oil and gasoline prices gave up an early advance on Thursday and fell sharply on speculation the escalation of hostilities between the US and Iran will be...

Barchart

Crude Oil Prices Erase Early Gains in Hopes of Limited US-Iran Hostilities

August WTI crude oil (CLQ26 ) today is down -1.32 (-1.80%), and August RBOB gasoline (RBQ26 ) is down -0.0332 (-1.07%). Crude oil and gasoline prices gave up an early advance today and turned lower on speculation the escalation of hostilities between the US and Iran will be limited. Crude...

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