West Texas Intermediate crude held near $91 per barrel and Brent near $96 as Labor Day weekend closed out the strongest weekly gain for oil since July, roughly 8 to 9 percent. The move was underpinned by a Saturday military exchange in the Gulf of Oman: Iran’s IRGC fired ballistic missiles toward U.S. Navy vessels, […]
Brent crude traded above $90 on August 31, 2026, as U.S.-Iran developments supported oil prices. Rigzone reported that Naeem Aslam, chief investment officer at Zaye Capital Markets, linked the support to uncertainty over shipments through the Strait of Hormuz. Saxo Bank also cited renewed military activity and potential additional U.S. sanctions on Iran. Aslam highlighted […]
An Iranian parliamentary committee advanced a provision that would permit Tehran to collect service fees from vessels authorized to cross the Strait of Hormuz, according to Al Jazeera’s August 24 live coverage. The proposal covers navigation, environmental protection, insurance, security, and limited refueling services, with payments accepted in Iranian rials or another currency selected by […]
Oil prices moved higher on Aug. 17 after Iran said it would not discuss extending its two-month memorandum of understanding with the United States. Signed June 17, the agreement established a period for continued talks covering bilateral commitments and commercial access through the Strait of Hormuz. U.S. West Texas Intermediate futures gained 0.76% to $83.03 […]
Oil prices moved higher on August 10 as markets assessed Iran’s conditions for reopening the Strait of Hormuz. Brent crude futures for October traded at $84.11 per barrel at 7:30 GMT, up 0.7%, leaving the international benchmark roughly 16% above levels seen before the U.S.-Israel conflict with Iran began. Iranian Foreign Minister Abbas Araghchi said […]
Bloomberg reports that Indian Oil Corp. sourced as much as 84% of its crude through spot-market purchases during the April–June quarter, compared with its usual approach of securing about half of its requirements through long-term contracts with Gulf producers. The change followed regional conditions that altered established Middle Eastern supply flows. Russian crude accounted for […]
Yemen’s Iran-aligned Houthi movement said it launched ballistic missiles and drones at Saudi Aramco facilities in Yanbu and Jazan on July 25. Saudi officials had not confirmed the attacks when The Washington Post published its report, although civil defense authorities issued shelter notices in both locations. The extent of any damage and the effect on […]
Seeking Alpha reported on July 20, 2026, that U.S. crude oil supply measured against domestic demand had reached its lowest level in 45 years. The report referenced market data shared by Barchart and attributed to Bank of America, indicating that the country now has a smaller inventory buffer available to absorb unexpected interruptions. The development […]
Oil prices moved higher during Monday trading after President Donald Trump announced that the United States would reinstate restrictions targeting Iranian ships and customers entering or leaving through the Strait of Hormuz. West Texas Intermediate crude rose above $75 per barrel, while international benchmark Brent advanced beyond $80. Trump also proposed charging eligible cargoes a […]
Bloomberg reports that shipping activity through the Strait of Hormuz remained uneven on Sunday after several vessels changed course along the Omani side of the waterway. At least eight ships were observed turning around on Friday and Saturday, with four later moving toward the Iranian route before exiting the strait. One products tanker later appeared […]
Guardian Energy Partners selects and offers direct ownership in oil and gas wells in proven areas, to ensure a maximum return for each of our partners.
