Crude Oil Futures News - June 2026
Iraq threatens OPEC exit over quotas, pushing oil below $70
Iraq is pressuring OPEC for a significantly higher production quota to address a severe national financial crisis. Officials warned the nation may consider all...
🔴 Crude Oil is trading 1.4% down today as US-Iran sanction waivers signal higher global supply
Crude Oil is trading 1.4% down at $73.11 after the US moved to temporarily lift some sanctions on Iranian oil, raising expectations for higher global supply...
US Waives Iran Sanctions and Oil Drops Below $74 — Can Crude Prices Recover, or Is This the Start of a Deeper Slide?
Oil markets stumbled as the Biden administration's surprise decision to temporarily lift sanctions on Iranian crude sent WTI futures tumbling to their lowest...
US Waives Iran Sanctions, Sending WTI Crude Below $74
West Texas Intermediate crude dropped below $74 a barrel. This marks the lowest price level since early March. The U.S. Treasury Department issued a...
Oil Prices Rebound, as Cancelled U.S.-Iran Talks Threaten Peace Deal
Crude oil prices rose on Friday, June 19, 2026, reversing a week-long decline. Negotiators cancelled planned follow-up talks between the U.S. and Iran in...
Brent Crude Surges Past $80, as U.S.-Iran Peace Talks Collapse
Global oil prices rose on Friday as Brent crude futures climbed back above $80 per barrel. The Swiss Foreign Ministry announced the unexpected cancellation of...
Oil Prices Slide, U.S.-Iran Peace Deal Reopens Strait of Hormuz
Brent crude futures fell to $79.42 per barrel during Friday morning trading. WTI crude slipped to approximately $76.43 per barrel. Prices declined after an...
🔴 Crude Oil is trading 4% down today on Iran peace deal and IEA surplus warnings
Crude Oil is trading 4% down at $73.72 following a week-long slide fueled by expectations of a U.S.-Iran peace agreement and warnings of a future supply...
🔴 Crude Oil is trading 5% down today after U.S.-Iran peace deal reopens the Strait of Hormuz
Crude Oil is trading 5% down at $76.70 after a preliminary U.S.-Iran peace agreement sharply reduced the geopolitical risk premium. • Reports indicate the...
Crude Oil Plummets, as U.S.-Iran Peace Deal Reopens Strait of Hormuz
Crude oil prices tumbled following a preliminary peace agreement between the United States and Iran. The deal ends a three-month conflict and reopens the...
🔴 Crude Oil is trading 4.8% down today on US–Iran peace deal and Hormuz reopening hopes
Crude Oil is trading 4.8% down today at $80.83 as growing expectations of an interim US–Iran peace agreement alleviate global supply fears. • The potential...
🔴 Crude Oil is trading 2.9% down today as U.S.-Iran tensions ease
Crude Oil is trading 2.9% down at $85.13 as shifting expectations surrounding the U.S.–Iran conflict lead traders to unwind the recent war premium. • Prices...
Oil at $91 With the Strait of Hormuz Still Contested — Has the Market Already Priced In the Worst, or Is More Pain Ahead?
Crude prices climbed to $90.85 on Thursday as the U.S. launched fresh strikes on Iran and wholesale inflation data confirmed that war-driven energy costs are...
Oil Surges as Iran Shuts Strait of Hormuz Following US Strikes
Crude oil prices jumped Thursday as Iran closed the Strait of Hormuz following U.S. military strikes. Tehran announced it will attack any vessel attempting to...
🟢 Crude Oil is trading 1.2% up today on U.S. strikes against Iran and Middle East escalation
Crude Oil is trading 1.2% up now at $90.85 as traders respond to fresh U.S. military strikes against Iran and escalating hostilities in the Middle East. • The...
Crude Oil Prices Fall, Easing After U.S.-Iran Missile Strikes
Crude oil prices fell on Thursday, June 4, reversing sharp gains from the previous session. Prices surged on Wednesday as escalating U.S.-Iran tensions...