Oil markets news
Read verified news on BetaVoices covering Oil markets, with reporting, context, and related developments.
Energy prices
U.S. gas prices dip below $4 for first time in nearly three months
AAA’s national average for regular gasoline fell to $3.99 as crude prices eased and more ships moved through the Strait of Hormuz
Mideast diplomacy
Israel-Hezbollah fighting clouds planned U.S.-Iran signing
Trump says the agreement is not final, while Israeli strikes in Lebanon and confusion over the Strait of Hormuz are testing a framework due to be signed Friday
U.S.-Iran framework
U.S.-Iran Framework Eases Oil Fears, but Hormuz Reopening May Take Time
Trump and Iranian officials pointed to an agreement set for signing Friday, while shipping data and unresolved security issues showed the path back to normal remains uncertain
Diplomacy
U.S. and Iran announce deal aimed at ending war, reopening Hormuz
Trump and mediators say a signing is set for Friday, but the deal text has not been released and nuclear and sanctions questions remain for further talks
Energy security
Iran War Pushes Energy Importers to Look Inward
Countries reliant on imported fuel are giving greater priority to domestic energy as oil and natural gas markets grow more volatile
Energy shock
Hormuz closure halted trade after Iran war began, CNBC data shows
A CNBC visual guide says the February outbreak of the Iran war and the shutdown of the Strait of Hormuz helped trigger a severe global energy shock
U.S.-Iran talks
U.S. and Iran Edge Toward Deal, but War Risks Remain
Officials describe progress on a possible agreement to reopen the Strait of Hormuz and extend a ceasefire, while both sides caution that final terms are not settled
Middle East conflict
Trump rejects Iran counteroffer as Tehran vows not to ‘bow
The diplomatic setback keeps the Strait of Hormuz, nuclear demands and energy markets at the center of a widening standoff ahead of Trump’s summit with Xi Jinping
Markets
Oil slides, stocks climb on hopes for U.S.-Iran deal
Brent crude briefly fell to about $97 a barrel before recovering above $100 as traders reacted to reports of a possible agreement and Tehran’s pending response
U.S.-Iran talks
Trump warns Iran of heavier bombing if peace deal fails
Washington expects Tehran’s response on key points within 48 hours, according to a report, as talks focus on sanctions, nuclear enrichment and the Strait of Hormuz