Crude Oil Futures News - August 2026
Crude Oil Surges on Renewed U.S.-Iran Hostilities
WTI crude oil prices jumped after the U.S. conducted military strikes on Iran's Larak Island in the Strait of Hormuz, and Iran retaliated with attacks on U.S....
Crude Oil Surges on Renewed US-Iran Tensions in Strait of Hormuz
WTI crude oil futures jumped over 2% in pre-market trading after the U.S. conducted military strikes on Iran's Larak Island, a key location in the Strait of...
Brent Crude Tops $90 After U.S. Strike on Iran’s Larak Island
Crude oil prices jumped over 2% following a U.S. military strike on Iran's Larak Island in the Strait of Hormuz. Brent crude futures climbed above $90 per...
Venezuela weighs OPEC exit, seeking long-term U.S. oil deal
Venezuela is considering an exit from OPEC, a group it co-founded over 60 years ago. Caracas has discussed the potential move with U.S. officials during...
Iran's Hormuz Blockade Squeezes Global Oil Supply — How Long Can Prices Stay Elevated Before Demand Destruction Kicks In?
Reports confirmed on August 26–27 that Iran will maintain its blockade of the Strait of Hormuz, rejecting a diplomatic corridor proposed during talks with Oman...
Iran Maintains Strait of Hormuz Blockade, Fueling Global Oil Volatility
Crude oil prices fluctuated following diplomatic talks between Iran and Oman regarding a temporary shipping corridor. Reports on August 26 and August 27...
Crude Oil Prices Tumble on Hopes of Strait of Hormuz Reopening
Crude oil futures fell more than 3% in the pre-market session, extending steep losses from the previous day. The primary driver for the sell-off is renewed...
Crude Oil Surges on Heightened U.S.-Iran Tensions
WTI crude oil prices rose sharply as a ceasefire between the U.S. and Iran is set to expire, increasing fears of a broader conflict that could disrupt global...
Crude Oil Jumps on Heightened Strait of Hormuz Tensions
WTI crude oil prices surged over 2% due to renewed uncertainty regarding the reopening of the Strait of Hormuz, a critical channel for global oil supplies....
Crude Oil Surges on Strait of Hormuz Reopening Uncertainty
WTI crude oil futures jumped over 2% in pre-market trading as uncertainty intensified regarding the reopening of the crucial Strait of Hormuz. Reports indicate...
U.S.-Israel Strikes on Iran Could Send Crude Past $100 — How High Can the War Premium Go?
Reports that the United States and Israel are in advanced planning stages for a bombing campaign against Iranian energy infrastructure have thrust crude oil...
Crude Oil Tumbles on Hopes of US-Iran Deal to Reopen Strait of Hormuz
WTI crude oil futures fell sharply after U.S. Treasury Secretary Scott Bessent indicated that an agreement with Iran to reopen the Strait of Hormuz could be...
U.S. and Israel Prepare Iran Energy Strikes, Threatening Global Oil Supply
The United States and Israel are planning a bombing campaign against Iranian energy infrastructure, with strikes possible as early as this weekend. Proposed...