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oil prices

In this photo released by official website of the office of the Iranian Presidency on April 16, 2017, a part of the South Pars gas field facility is seen after being inaugurated by President Hassan Rouhani, on the northern coast of Persian Gulf, Iran. (Iranian Presidency Office via AP)
August 11, 2026, 2:01 pm
Iran says it will up gas output by next month as regime repairs damaged facilities
Oil ministry says 95 million cubic meters of lost daily output to be restored by end of September; global energy prices rise as hopes fade for US-Iran deal to open Hormuz
By Agencies
Palestinian motorists queue at a gas station while the city is experiencing a severe fuel shortage following the Israel Iran conflict, in Ramallah June 19, 2025. (AP Photo/Nasser Nasser)
July 30, 2026, 10:51 pm
West Bank fuel shortage strands Palestinians at pump with economy running on empty
Cash liquidity crunch and fiscal strains, some stemming from PA’s reliance on Israeli shekel, seen as driving petrol scarcity, leading to long gas lines and illicit ‘black gold’ sales
By Nurit Yohanan
US President Donald Trump speaks in the Oval Office of the White House, July 24, 2026, in Washington. (AP Photo/Rod Lamkey, Jr.)
July 25, 2026, 2:43 am
Trump says hasn’t decided on major Iran strikes, Tehran getting ‘serious’ in talks
Saudi-led coalition says it hit Houthi targets in Yemen, as US continues to bomb Islamic Republic targets and Iran retaliates with strikes across the region
By Agencies and ToI Staff
Traders work on the floor of the New York Stock Exchange (NYSE), July 9, 2026, in New York City. (Spencer Platt/Getty Images/AFP)
July 20, 2026, 2:08 pm
Oil prices ease after Iran says US contacts continue through mediators
Crude scales back gains after reaching $91 a barrel, as Tehran says diplomatic exchanges remain active despite escalating conflict; US gas prices cross $4 mark
By Agencies
Yemeni soldiers patrol the strategic Bab el-Mandeb Strait, Yemen, April 5, 2026 (AP Photo/Abdulnasser Alseddik)
July 14, 2026, 8:32 pm
After blocking Hormuz, Iran signals it could ramp up pressure and shut Red Sea gateway, too
Analysts say Tehran looking at ‘nuclear option’ of ordering Houthis to close Bab el-Mandeb Strait, extending the threat to global trade and energy supplies beyond the Gulf
By Samia Nakhoul
Illustrative: A worker collects engine oil as he works at a degassing station in the Zubair oil field near Basra, Iraq, on March 28, 2026. (AP Photo/Leo Correa)
July 8, 2026, 9:50 pm
Oil shoots back up and stocks slide as Trump indicates Iran ceasefire over
Brief spike above $80 a barrel declines somewhat later in the day; stocks also affected by AI boom
By AFP and ToI Staff
Tankers and cargo vessels are seen in the Gulf of Oman, along shipping routes linking the Strait of Hormuz and the Arabian Sea, Tuesday, June 16, 2026. (AP Photo)
June 25, 2026, 7:38 pm
Hormuz traffic rebound returns oil to prewar rates, as US reassures wary Gulf allies
Oil dips below prewar price of under $73 a barrel, but number of vessels passing through strait is still below prewar figures; oil tankers use new route through channel despite Iran threats
By Agencies
Pedestrians walk past an electronic quotation board displaying the Nikkei Stock Average on the Tokyo Stock Exchange in Tokyo on June 15, 2026. (Kazuhiro NOGI / AFP)
June 15, 2026, 12:09 pm
Oil prices fall and stocks soar with announcement of framework for Iran deal
After repeated false starts, investors are betting that this time the war might end, leading to the flow of oil and gas supplies: ‘The reopening of Hormuz is a relief valve’
By AP
People ride bicycles past a digital board displaying fuel prices near a gas station in Sofia, Bulgaria, on May 6, 2026. (Nikolay DOYCHINOV/AFP)
June 8, 2026, 4:26 pm
Oil prices surge amid Israel-Iran escalation, tech stocks dive
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%
By Agencies and ToI Staff
An Islamic Revolutionary Guard Corps (IRGC) boat allegedly takes part in an operation to seize ships attempting to cross the Strait of Hormuz, on April 21, 2026. (MIRZADEH via the Iranian news agency TASNIM NEWS, via AFP)
April 27, 2026, 8:36 pm
Rubio rejects new Iranian proposal to reopen Strait of Hormuz, with future of talks in limbo
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
By Agencies, ToI Staff and Jacob Magid
A woman talks on her cellphone as she walks past a billboard showing 20th century national hero Rais Ali Delvari, right, and slain IRGC navy chief Alireza Tangsiri, who was killed in the US-Israeli strike in late March 2026, on a building in Tehran, Iran, April 20, 2026. (AP Photo/Vahid Salemi)
April 23, 2026, 1:48 pm
Iran says it won’t reopen Strait of Hormuz as long as US is blockading ports
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
By AFP and ToI Staff
Stock market numbers are displayed on the floor of the New York Stock Exchange during morning trading on April 17, 2026 in New York City. All three major indexes surged at opening, with the Dow Jones leading the way, opening over 700 points after Iran declared the Strait of Hormuz 'completely open' after the ceasefire agreement between Lebanon and Israel. (Michael M. Santiago/Getty Images/AFP)
April 17, 2026, 9:34 pm
Oil prices drop more than 10% and US stocks soar after Iran reopens Strait of Hormuz
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
By STAN CHOE
A woman walks past a billboard that shows a graphic depicting a military personnel's hand holding the Strait of Hormuz in his fist with signs which read in Farsi: 'In Iran's hands forever,' 'Trump couldn't do a damn thing,' and 'The control of Strait of Hormuz will be Iran's forever,' in Vanak Square, in northern Tehran, Iran, April 16, 2026. (AP/Vahid Salemi)
April 17, 2026, 9:05 pm
After Lebanon truce, Iran says Hormuz ‘completely open’; US maintains naval blockade
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
By Jacob Magid and Agencies
An Iranian woman wrapped in the national flag performs noon prayers as people gather in Tehran's Revolution Square after the United States and Iran agreed to a two-week ceasefire, on April 8, 2026. (ATTA KENARE / AFP) /
April 8, 2026, 3:24 pm
World leaders hail Iran truce as stocks rally, oil prices tumble
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
By Agencies and ToI Staff
The Liberia-flagged tanker Shenlong Suezmax, carrying crude oil from Saudi Arabia, that arrived clearing the Strait of Hormuz, is seen at the Mumbai Port in Mumbai, India, March 12, 2026. (AP Photo/Rafiq Maqbool)
April 2, 2026, 4:42 pm
Oil prices jump over 7% after Trump vows to continue strikes on Iran
Brent crude futures head for biggest daily gains in weeks, as markets fear Strait of Hormuz will remain closed
By Reuters and ToI Staff
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