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oil prices
Oil prices hold near pre-war levels as U.S.-Iran peace hopes ease Hormuz fears
Brent crude ended the first half of 2026 trading near $73 a barrel, completing a dramatic reversal from wartime highs after diplomatic progress between Washington and Tehran unwound much of the geopolitical risk premium that had defined global energy markets…
Oil drops to four-month lows as Hormuz flows recover
Oil prices fell for a third consecutive session on Thursday as crude shipments through the Strait of Hormuz continued to recover and diplomatic progress between the United States and Iran eased fears of prolonged supply disruptions. Brent crude dropped to…
UBS slashes oil forecasts as Hormuz flows recover
Oil prices fell for a third consecutive day on Thursday as easing supply fears, record U.S. production, and recovering Strait of Hormuz flows combined to push Brent crude below $71 a barrel — levels not seen since before the U.S.-Israel…
OPEC+ expected to approve another output hike for August
OPEC+ oil-producing countries are likely to agree to another increase in their output targets for August when they meet on Sunday, three sources told Reuters on Wednesday, adding supply to a market already contending with falling prices and the gradual…
Eurozone inflation drops to 2.8% in June, beating forecasts
Consumer prices across the euro zone rose at a slower pace than expected in June, with annual inflation falling to 2.8% from 3.2% in May, according to a flash estimate published on Tuesday by Eurostat Euronext N.V.. The reading came…
Global stocks set for best Q2 in six years as Iran deal fuels rally
Global equity markets are poised to close out their strongest second quarter in six years on Tuesday, capping a dramatic reversal from the oil-shock fears that gripped investors earlier in 2026. A U.S.-Iran memorandum of understanding signed in mid-June, a…
Morgan Stanley slashes oil forecast again as Hormuz flows rebound
Morgan Stanley slashed its Brent crude oil forecast for the second time in roughly two weeks, lowering its third-quarter 2026 projection to $75 a barrel as tanker traffic through the Strait of Hormuz rebounds more quickly than analysts anticipated. The…
ECB’s Kazaks says no rush for more rate hikes as risks ease
European Central Bank Governing Council member Martins Kazaks said on Sunday that there is currently no need for multiple rate hikes "in a rushed way," noting that the probability of negative economic scenarios in the eurozone has "fallen massively."
Gold slides as US-Iran strikes lift oil, rate hike bets
Gold prices eased at the start of the new week as renewed military exchanges between the United States and Iran pushed oil higher and reinforced expectations that the Federal Reserve may raise interest rates later this year, adding pressure to…
IMF says global economy has shifted to ‘adverse scenario’ amid Iran war fallout
The International Monetary Fund said Thursday that the global economy has shifted toward a more pessimistic growth path as a result of the Iran war, even as energy prices begin to retreat following the mid-June U.S.-Iran ceasefire deal.
Barclays cuts Brent crude forecasts as oil prices plunge
Barclays on Friday lowered its Brent crude oil price forecasts to $96 per barrel for 2026 and $85 per barrel for 2027, down from $100 and $88 respectively, as a rapid collapse in oil prices following the U.S.-Iran deal reshapes…
Falling oil prices push economists to predict ECB’s June hike was its last
The sharp decline in crude oil prices following the reopening of the Strait of Hormuz has prompted economists to scale back expectations for further European Central Bank rate increases, with several major forecasters now predicting the ECB's June hike will…
ECB raises Iran war’s estimated drag on eurozone growth to 0.4 percentage points
The European Central Bank warned on Wednesday that the war in Iran and the resulting disruption to energy supplies through the Strait of Hormuz will reduce eurozone real GDP growth by approximately 0.4 percentage points this year, according to a…
Brent crude hits lowest since before Iran war, reshaping ECB outlook
Crude oil prices tumbled to their lowest levels since before the Iran war on Wednesday, as a US sanctions waiver and the reopening of the Strait of Hormuz erased the geopolitical risk premium that had kept energy markets elevated for…
Phillips 66 CEO warns Hormuz disruptions may linger
Mark Lashier, chairman and CEO of Phillips 66, cautioned on Wednesday that refining and petrochemical earnings face heightened volatility as shipping uncertainty in the Strait of Hormuz continues to weigh on global energy supply chains. Lashier made the remarks during…
Euro slides as US-Iran sanctions waiver and cautious Lagarde weigh on currency
The euro weakened against the U.S. dollar on Tuesday as diplomatic breakthroughs between the United States and Iran eased geopolitical tensions and pushed oil prices lower, while European Central Bank President Christine Lagarde's measured tone on monetary policy weighed further…
Asian shares fall as Fed rate hike bets and Iran uncertainty weigh on markets
Asian stocks traded mostly lower on Tuesday as investors contended with rising expectations for Federal Reserve tightening and lingering uncertainty over the conflict in Iran, even as initial peace talks yielded what mediators called "encouraging progress."
Gold tops $4,200 as falling oil eases inflation fears
Gold climbed above $4,200 per ounce on Monday as falling oil prices, buoyed by U.S.-Iran diplomatic progress, eased inflation concerns that have kept the Federal Reserve in a holding pattern. Silver also advanced in early trading, rebounding from a lower…
European stocks flat amid US-Iran talks, Starmer resignation
European equities traded in a narrow range on Monday as markets digested the outcome of the first round of US-Iran peace talks in Switzerland and absorbed the surprise resignation of British Prime Minister Keir Starmer.
Economists warn U.S.-Iran deal won’t ease inflation already baked into global economy
The U.S.-Iran memorandum of understanding signed this week may have ended hostilities and set the stage for reopening the Strait of Hormuz, but economists and central bankers warn the inflationary damage from months of disrupted energy markets will persist well…