A customer prepares to pump diesel fuel at a Madison, Miss., Sam’s Club. (Rogelio V. Solis/AP/File) June 18, 2026 8:50 am, EDT | Update: June 18, 2026 12:56 pm, EDT key takeaways: Oil prices continued to fall after the US and Iran signed a preliminary deal to end the war. Due to falling oil prices,
Jun 17, 2026 8:12 am, EDT | Update: June 17, 2026 1:05 pm, EDT key takeaways: Oil prices rose 1.4% to $80.03 a barrel after international benchmark Brent crude fell more than 5% on June 16. Details of the interim US-Iran deal, which is scheduled to be formally signed at a ceremony in Switzerland on
Ships are anchored in the Strait of Hormuz near the port city of Khasab on Oman’s northern Musandam Peninsula in May. (AFP/Getty Images via Bloomberg) Jun 17, 2026 11:03 am, EDT key takeaways: Iraq is preparing to boost oil exports from southern ports as an agreement to reopen the Strait of Hormuz is set to
After a rare dark transit through the Strait of Hormuz in May, the Eneos Endeavor supertanker approaches the Eneos Corp. Negishi oil refinery in Yokohama, Japan, on June 6. (Akio Kon/Bloomberg) June 16, 2026 8:16 am, EDT key takeaways: Oil prices edged lower in early trade after the US and Iran reached a tentative deal
A driver checks the price of gas before filling up at a gas station in Lincolnshire, Illinois. (Nam Y. Huh/AP) June 15, 2026 8:35 am, EDT key takeaways: Oil prices fell early on June 15 due to the agreement to end the Iran war and reopen the Strait of Hormuz, although they remain above pre-war
Strategic Petroleum Reserve Storage at the Bryan Mound Site in Freeport, Texas. (Brandon Bell/Getty Images via Bloomberg News) June 15, 2026 1:26 pm, EDT key takeaways: The Trump administration is set to release 172 million barrels from the Strategic Petroleum Reserve, cutting holdings by about 340 million barrels, which is near the lowest level since
The American flag flies next to a One9 Fuel stop sign displaying diesel and unleaded gas prices in Wilmington, Ohio, on June 10. (Caroline Caster/AP) June 15, 2026 8:13 am, EDT | Update: June 15, 2026 11:40 am, EDT key takeaways: Oil prices fell after Iran announced a temporary deal to end the war and
A small motorboat passes ships anchored in the Strait of Hormuz near Bandar Abbas, Iran, on June 11. (Amirhossein Khorgui/ISNA via AP) June 12, 2026 8:15 am, EDT | Update: June 12, 2026 2:59 pm, EDT key takeaways: Oil prices fell after President Donald Trump claimed success in talks to end the Iran war. SpaceX
June 5, 2026 3:40 PM, EDT US oil drilling has expanded for six consecutive weeks, the longest increase in nearly four years, after crude prices surged following the Iran war. The number of drilling rigs in US oil fields rose by two this week to 431, according to data released by Baker Hughes Co on