The Times of Israel https://www.timesofisrael.com/topic/oil-prices/ News from Israel, the Middle East and the Jewish World Sat, 13 Jun 2026 00:28:04 +0000 en-US hourly 1 https://static-cdn.toi-media.com/www/uploads/2018/11/toi_icon_512-200x200.png oil prices | The Times of Israel https://www.timesofisrael.com/topic/oil-prices/ 32 32 Oil prices surge amid Israel-Iran escalation, tech stocks dive https://www.timesofisrael.com/oil-prices-surge-amid-israel-iran-escalation-tech-stocks-dive/ Mon, 08 Jun 2026 13:26:57 +0000 https://www.timesofisrael.com/?p=3838905 Brent crude jumps over $5 to $94 a barrel, while benchmark US crude rises $1 to $91; Samsung down more than 10%, rival SK hynix dips 7.7%

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]]> Rubio rejects new Iranian proposal to reopen Strait of Hormuz, with future of talks in limbo https://www.timesofisrael.com/rubio-rejects-new-iranian-proposal-to-reopen-strait-of-hormuz-which-tehran-says-it-still-controls/ Mon, 27 Apr 2026 17:36:09 +0000 https://www.timesofisrael.com/?post_type=liveblog_entry&p=3810971 Iran's plan is 'We’ll blow you up and you pay us,' says top US diplomat; tanker traffic muted in strait, which Iran says it controls; Germany's Merz: Iran 'humiliating' US in talks

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]]> Iran says it won’t reopen Strait of Hormuz as long as US is blockading ports https://www.timesofisrael.com/iran-says-it-wont-reopen-strait-of-hormuz-as-long-as-us-is-blockading-ports/ Thu, 23 Apr 2026 10:48:26 +0000 https://www.timesofisrael.com/?p=3808241 Parliament Speaker Ghalibaf, who has led Iran's delegation at talks, says opening key waterway 'not possible amid blatant violation of ceasefire'; report says 34 tankers have evaded US blockade

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]]> Oil prices drop more than 10% and US stocks soar after Iran reopens Strait of Hormuz https://www.timesofisrael.com/oil-prices-drop-more-than-10-and-us-stocks-soar-after-iran-reopens-strait-of-hormuz/ Fri, 17 Apr 2026 18:34:02 +0000 https://www.timesofisrael.com/?p=3804531 Iranian announcement came after Trump-arranged Israeli ceasefire with Hezbollah in Lebanon; US president welcomes move but says US naval blockade to remain in place until a deal is reached

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]]> After Lebanon truce, Iran says Hormuz ‘completely open’; US maintains naval blockade https://www.timesofisrael.com/after-lebanon-truce-iran-says-hormuz-completely-open-us-maintains-naval-blockade/ Fri, 17 Apr 2026 18:05:03 +0000 https://www.timesofisrael.com/?p=3804455 Trump hails move but keeps naval blockade on strait, says mine-clearing operations underway; oil prices tumble, though shipping firms, US Navy and EU warn situation remains unstable

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]]> World leaders hail Iran truce as stocks rally, oil prices tumble https://www.timesofisrael.com/world-leaders-hail-iran-truce-as-stocks-rally-oil-prices-tumble/ Wed, 08 Apr 2026 12:24:58 +0000 https://www.timesofisrael.com/?p=3797498 Two-week truce and reopening of Hormuz are welcomed by both Iran's allies and Gulf states targeted by Tehran; France, Spain push for ceasefire to also include Israel's fight with Hezbollah

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]]> Oil prices jump over 7% after Trump vows to continue strikes on Iran https://www.timesofisrael.com/oil-prices-jump-over-7-after-trump-vows-to-continue-strikes-on-iran/ Thu, 02 Apr 2026 13:42:09 +0000 https://www.timesofisrael.com/?p=3793468 Brent crude futures head for biggest daily gains in weeks, as markets fear Strait of Hormuz will remain closed

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]]> As Iran war grinds on, rising toll on global economy has many worried about recovery https://www.timesofisrael.com/as-iran-war-grinds-on-rising-toll-on-global-economy-has-many-worried-about-recovery/ Sun, 29 Mar 2026 05:38:06 +0000 https://www.timesofisrael.com/?p=3790048 'Largest supply disruption in the history of the global oil market' forces countries to impose energy restrictions and is likely to increase food prices in poorer regions

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]]> IEA chief: Energy crisis due to Iran war a ‘major, major threat’ to global economy https://www.timesofisrael.com/iea-chief-energy-crisis-due-to-iran-war-a-major-major-threat-to-global-economy/ Mon, 23 Mar 2026 11:14:09 +0000 https://www.timesofisrael.com/?p=3784973 Closure of the Strait of Hormuz and attacks on energy infrastructure more disruptive than 1970s oil shocks, Birol says; Trump and Iran threaten to start targeting power plants

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]]> Iran hits 2 oil tankers in Gulf as IDF reports striking ‘critical’ nuclear site near Tehran https://www.timesofisrael.com/iran-hits-2-oil-tankers-in-gulf-as-idf-reports-striking-critical-nuclear-site-near-tehran/ Thu, 12 Mar 2026 12:13:36 +0000 https://www.timesofisrael.com/?p=3775978 Iran fires 5 ballistic missile barrages at Israel Thursday, no injuries reported; Tehran's strikes on Gulf continue as anxiety mounts over global oil supply; NYT: Cost of war's first 6 days for US was $11 billion

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]]> 400 million barrels to be released from oil reserves as Iran effectively blocks Strait of Hormuz https://www.timesofisrael.com/400-million-barrels-to-be-released-from-oil-reserves-as-iran-effectively-blocks-strait-of-hormuz/ Wed, 11 Mar 2026 17:28:13 +0000 https://www.timesofisrael.com/?p=3775138 Release is largest in history of International Energy Agency, which touts 'major action aiming to alleviate the immediate impacts,' as Tehran targets ships, oil fields, refineries

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]]> Iran war becomes a contest of who can take the most pain https://www.timesofisrael.com/iran-war-becomes-a-contest-of-who-can-take-the-most-pain/ Wed, 11 Mar 2026 13:45:54 +0000 https://www.timesofisrael.com/?p=3774915 Vulnerabilities appear to be oil prices for US and disruption of everyday life by missile and drone attacks in Israel and Gulf, as Islamic Republic appears to keep lid on protests amid strikes

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]]> 3 ships hit in Gulf as Iran targets oil-exporting neighbors, vows oil price will hit $200 a barrel https://www.timesofisrael.com/iran-threatens-banks-as-3-commercial-ships-hit-in-gulf-drones-impact-near-dubai-airport/ Wed, 11 Mar 2026 10:32:06 +0000 https://www.timesofisrael.com/?p=3774841 Pentagon says troops destroyed 16 Iranian minelaying vessels; drones impact near Dubai airport; after Tehran bank reportedly struck, regime says US and Israel 'forcing our hand' to target their economic centers

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]]> Saudi Aramco warns of ‘catastrophic consequences’ unless Strait of Hormuz opens https://www.timesofisrael.com/saudi-aramco-warns-of-catastrophic-consequences-unless-strait-of-hormuz-opens/ Tue, 10 Mar 2026 15:13:39 +0000 https://www.timesofisrael.com/?p=3773941 Trump and Saudi oil giant scramble to deal with energy supply fears as IRGC vows not to let 'one liter of oil' through key channel while Israeli-US attacks continue

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]]> War with Iran delivers another shock to the global economy https://www.timesofisrael.com/war-with-iran-delivers-another-shock-to-the-global-economy/ Tue, 10 Mar 2026 08:04:57 +0000 https://www.timesofisrael.com/?p=3773746 Strait of Hormuz closure causes energy and fertilizer prices to surge, raising fears of inflation, food shortages and economic instability worldwide

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