By Editorial Dept – May 08, 2026, 6:30 AM CDT Crude oil prices experienced one of the most volatile trading weeks of 2026 during the period of May 3 through May 7, as traders reacted to the ongoing U.S.-Iran conflict, disruptions in the Strait of Hormuz, and sudden changes in diplomatic negotiations. June West Texas […]
Oil Prices Whipsaw as U.S.-Iran Conflict Shakes Markets Read More »
A Benin member of the military rides his motor bike near the Zogo Mosque in Cotonou, Benin, 17 February 2017 – Copyright © africanews Copyright 2017 The Associated Press. All rights reserved. Last updated: 15 minutes ago Benin Long lines are forming at fuel stations across Benin as motorists grapple with the impact of rising
Fuel price hike sparks concern across Benin Read More »
An oil tanker anchors near the oil hub of the port of Fos-Lavera at sunset near Marseille, southern France, April 14, 2026. — Reuters Oil rises as US-Iran fighting resumes. Brent climbs above $101 after overnight flare-up. Fresh fighting snaps three-day oil price slide. Oil prices were up more than 1% on Friday after renewed
Oil prices jump on renewed US-Iran hostilities Read More »
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Oil prices jump nearly 3% after renewed hostilities between US, Iran Read More »
Key takeaways Current oil prices, while high, are not yet at a crisis level for the equity markets. The reopening of the Strait of Hormuz is uncertain and could significantly impact oil prices. Iran has strong financial incentives to keep the Strait of Hormuz closed. The futures oil market may be overly optimistic about a
The average long-term U.S. mortgage rate rose again this week, reflecting ongoing bond market volatility as surging oil prices due to the war with Iran heighten inflation worries. The benchmark 30-year fixed rate mortgage rate rose to 6.37% from 6.3% last week, mortgage buyer Freddie Mac said Thursday. That’s still down from one year ago,
US long-term mortgage rate bounce back to levels seen 4 weeks ago Read More »
Oil/Chemical Tanker “Bald Man” at the Port of Fujairah, as the U.S.-Israel conflict with Iran limits marine traffic in the Strait of Hormuz, in Fujairah, United Arab Emirates, May 6, 2026. Amr Alfiky | Reuters Oil prices rose Thursday in volatile trading as investors continue to assess the latest developments in the Middle East amid
Oil rises as U.S.-Iran tensions keep traders focused on Strait of Hormuz risks Read More »
When the US and Israel launched strikes on Iran on Feb. 28, Brent crude was trading around $72 a barrel. Within weeks it was approaching $120. Two months on, with the Strait of Hormuz still functionally closed and negotiations going nowhere fast, prices have swung wildly on every headline — and traders are running out
Live: Oil Prices Fall Below $100 as Trump Say Iran War May Be Coming To End Read More »
By Tsvetana Paraskova – May 06, 2026, 5:20 AM CDT Saudi Arabia has reduced the official selling price of its flagship crude loading for Asia in June from the May record high, but the price cut was less than expected. Next month’s supply from the world’s top crude exporter would still see the second-highest premium
Saudi Arabia Cuts June Oil Prices by Less Than Expected as Hormuz Risks Persist Read More »
By Irina Slav – May 06, 2026, 3:01 AM CDT Crude oil prices extended losses for a second day today, after President Trump said the United States would pause its plan to escort vessels out of the Strait of Hormuz just a couple of days after it was announced. The news prompted expectations that a
Oil Prices Fall Below $100 After Trump Pauses Hormuz Escort Plan Read More »
