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President Trump posted on Truth Social threatening major military strikes on Iran "tonight" and suggested the U.S. would eventually seize Kharg Island and other Iranian oil infrastructure. Oil prices jumped nearly $2.50 on the Kharg Island comment before Trump partially walked back the threat in a Fox News interview, saying he was "not sure the US has the appetite for it." Iran has previously threatened to strike regional energy infrastructure if attacked, adding to geopolitical risk in the oil market.

WTI crude oil is trading modestly higher by ~$1.23 at $89.45 despite escalating Middle East tensions, including reports of an Iranian drone attack on a U.S. Apache helicopter and a subsequent U.S. retaliatory strike. Price remains below key resistance at the 100- and 200-hour moving averages ($91.28–$91.58), keeping the near-term technical bias tilted to the downside. Key support levels to watch are the 50% retracement at $87.23 and the 100-day moving average near $85.97.

Sky News Arabia reports that negotiations in Tehran have reached a broad understanding on the nuclear issue, with uranium delivery to be linked gradually to sanctions relief. Key sticking points remain, including the Strait of Hormuz and Iran's demand for U.S. guarantees. Crude oil fell to a low of $94.73 on the news, its lowest level since May 8th.

Qatar has dispatched a negotiating team to Tehran in an effort to broker an end-of-war deal, though Pakistan's Army chief cautioned that the visit does not guarantee a deal is imminent. Crude oil dipped to a low of $95.46 before recovering to $96.10, while U.S. equity indices posted gains (S&P +31, Nasdaq +111, Dow +400). Reports of draft deals were disputed by WSJ's Norman, and the situation remains fluid with elevated market volatility expected.

A volatile session was driven by conflicting US-Iran nuclear deal headlines: markets initially sold off on reports of Iran's Supreme Leader forbidding uranium removal, then rallied sharply on Al-Arabiya claims of a draft agreement covering Strait of Hormuz navigation, before partially reversing on mixed signals about Pakistani mediation progress. Crude oil settled down 1.94% at $96.35 on the draft deal claims, while US equities swung between session lows and highs. On the data front, US jobless claims (209K vs. 210K est.), housing starts, and flash manufacturing PMI beat expectations, though services PMI missed slightly and input cost inflation hit its steepest pace since late 2022.

Iran's ILNA news agency, citing Al-Arabiya TV, reports that the US and Iran have reached a draft agreement mediated by Pakistan, expected to be announced within hours. Key terms include an immediate ceasefire, guaranteed freedom of navigation in the Persian Gulf and Strait of Hormuz, and gradual sanctions relief tied to Iranian compliance. The report is unconfirmed and sourced from a TV claim; markets are reacting with equities rising, oil falling, and USD/Treasury yields sliding.

Oil prices declined after U.S. President Trump stated the U.S. would end the Iran war "very quickly," reducing geopolitical risk premium in crude markets. The comments signal a potential de-escalation in Middle East tensions, which had previously supported elevated oil prices. No specific supply disruption or deal has been confirmed at this stage.

The U.S. Commodity Futures Trading Commission (CFTC) is investigating a spike in oil futures trading that occurred before President Trump postponed planned strikes on Iran, according to a Wall Street Journal report. The probe suggests regulators are examining whether traders had advance knowledge of the geopolitical decision. No specific companies or individuals have been publicly named in the investigation.

WSJ reports little progress in US-Iran nuclear negotiations, with Iran maintaining demands including an oversight role in the Strait of Hormuz and financial reparations while resisting nuclear program suspension. Iran has disrupted Strait of Hormuz traffic and launched drone/missile attacks on Gulf states, including a strike on the UAE's Barakah nuclear facility. Crude oil is trading around $104.39, near session highs, as the conflict poses ongoing risks to global energy supply flows.

US crude oil futures dropped more than 2% after President Trump announced he is holding off a scheduled attack on Iran. The de-escalation signal reduced the geopolitical risk premium embedded in oil prices. No specific energy companies are named in the article; the move is driven by macro geopolitical developments.

President Trump has called off a planned military attack on Iran following requests from Saudi Arabia's Crown Prince and the UAE President, who cited ongoing serious negotiations. Crude oil pulled back from $105.21 to $102.37 on the news, though it remains above key moving averages. U.S. equity indices (S&P 500 and Nasdaq) remain negative on the day despite bouncing off session lows.

A U.S. official denied earlier reports that the U.S. had agreed to lift oil sanctions during ongoing negotiations, reversing a sharp intraday selloff in crude oil. Prices rebounded approximately 2% to near $103.00 after having fallen to a session low of $98.60 on the initial headlines. The denial removes a bearish supply-side catalyst and restores focus on tighter supply conditions.

Al Arabiya reports Iran has agreed to a long-term nuclear freeze rather than full dismantlement, withdrawing demands for compensation while seeking economic concessions, uranium transfer to Russia, international guarantees, and a gradual reopening of the Strait of Hormuz. The news has pushed crude oil down over 2% to near $99/barrel on reduced geopolitical risk premium. U.S. equity futures are moving higher in response, with the Dow, S&P 500, and Nasdaq all gaining in pre-market trading.

The US has reportedly agreed to propose a temporary waiver of Iran oil sanctions via an OFAC exemption as part of ongoing nuclear negotiations, according to Iran's Tasnim News Agency. The report is sourced from the Iranian side and has not been confirmed by the US. WTI crude (July contract) dropped from ~$102.30 to as low as $100.16 on the news before partially recovering, while S&P 500 futures and the dollar also saw brief moves.

Fundstrat's Tom Lee identified an inverse correlation between crude oil prices and Ether, suggesting rising oil prices have been a driver of ETH selling pressure. Oil surged back to approximately $110 on Monday, which Lee links to downward pressure on Ether. No specific fundamental change to Ethereum's network or protocol is cited.

Fed Chair Powell's tenure officially ended as markets faced a broad risk-off session driven by surging Treasury yields (10-year +13.8 bps to 4.597%), WTI crude jumping 4.37% to $101.16, and hotter-than-expected inflation data. Major US equity indices fell sharply on the day, erasing weekly gains, while the USD strengthened across all major pairs and precious metals sold off hard — gold -2.37%, silver -9.03%. Incoming Fed Chair Kevin Warsh is expected to face immediate pressure against rate cuts given the inflation backdrop and market repricing toward further tightening.

Oil prices rose more than 1% after President Trump indicated China has expressed interest in purchasing U.S. energy supplies, suggesting a potential easing of trade tensions between the two countries. The move reflects optimism around demand prospects for U.S. crude exports. No specific companies or deals were confirmed in the report.

President Trump told reporters that the military blockade of Iran has been "100% successful," that Iran's navy, army, and leadership are gone, and that Iran will not obtain a nuclear weapon. Trump indicated he does not need Xi's help on Iran and expects a significant increase in oil supply ("a gusher of oil"), noting oil prices are lower than would have been expected 3-4 months ago. He also characterized any resulting inflation as short-term.

Oil prices are rising as ongoing US-Iran nuclear negotiations remain fragile, sustaining market concerns over potential disruptions to Iranian crude supply. The uncertainty around the talks is keeping a risk premium in oil prices. No specific resolution or breakdown has been confirmed.

Crude oil futures settled at $98.07, up $2.65 (2.78%) on the day. Price action remained range-bound between the 100-hour moving average support at $96.96 and the 200-hour moving average resistance at $100.74, with the session high of $100.37 falling just short of the upper boundary. A breakout in either direction would define the next directional move, with upside targets at $107.68 and downside levels at $93.74 and $91.60.

Geopolitical tensions around the Strait of Hormuz remain elevated as Trump is reportedly considering restarting "Project Freedom," a US-led naval operation to secure commercial shipping routes through the strait. Iran continues to block at least one UAE-linked LPG tanker, while Pakistan is mediating between the US and Iran on sanctions relief and de-escalation. Crude oil is trading up $2.12 at $97.50, having touched a high of $100.37 intraday.

U.S. Central Command confirmed that American forces struck two empty Iranian oil tankers, according to Reuters. The action marks a direct U.S. military strike on Iranian vessels, escalating tensions between the two countries. No further details on location, casualties, or Iranian response were provided in the initial report.

Oil prices rose sharply following an escalation in US-Iran tensions, according to Reuters. The geopolitical development is driving a risk premium into crude markets. No specific companies or production facilities are named in the article.

A US official told Al Jazeera that reports about preparations to resume "Operation Freedom" — the Trump administration's military-backed effort to reopen the Strait of Hormuz — are incorrect. The Strait carries roughly 20% of global oil supply, and the denial that the operation is resuming has pushed crude oil prices back down to $95 in volatile trading. No confirmed escalation or de-escalation of the underlying US-Iran standoff has been announced.

Saudi Arabia and Kuwait have lifted restrictions on U.S. military use of their bases and airspace tied to Strait of Hormuz operations, clearing a key obstacle for the resumption of Project Freedom, the U.S.-escorted commercial shipping mission. The development follows direct talks between Crown Prince Mohammed bin Salman and President Trump, and comes amid ongoing Iranian missile and drone attacks on ships and UAE infrastructure, including the Fujairah oil hub. Crude oil has rallied sharply to $97.46, testing prior corrective highs, on the geopolitical escalation.

Diplomatic sources cited by Al Arabiya report intense negotiations aimed at a gradual reopening of the Strait of Hormuz, with understandings being reached on a reciprocal easing of a naval siege in exchange for phased restoration of maritime traffic. A breakthrough regarding stranded commercial vessels is expected within hours, according to the same sources. Oil prices fell on the news while risk assets gained, reflecting market expectations of reduced geopolitical disruption to global supply chains.

Saudi Arabia blocked U.S. military use of Prince Sultan Airbase and its airspace, forcing Trump to pause "Project Freedom" — his plan to escort commercial ships through the Strait of Hormuz — within 36 hours of launch. A call between Trump and Crown Prince Mohammed bin Salman failed to resolve the dispute, and other Gulf allies including Qatar and Oman were not consulted before the operation was announced. The pause keeps the Strait of Hormuz supply disruption in place while U.S.-Iran negotiations continue, with Tehran's response to a U.S. peace framework expected Thursday.

Iran is expected to deliver its formal response Thursday to a U.S. 14-point memorandum of understanding — mediated via Pakistan — that reportedly covers a suspension of Iranian nuclear enrichment, sanctions relief, and restoration of free transit through the Strait of Hormuz. President Trump described recent talks as "very good" and said a deal is possible, while Iran's foreign ministry said the proposal is still under review and a senior Iranian parliamentarian dismissed the reported terms as a "wish list." The Strait of Hormuz reopening provision is the most market-sensitive element, as its de facto closure has been cited as a primary driver of the recent crude oil price surge.

The EIA reported a draw in US crude oil and fuel inventories, coinciding with market disruption stemming from the Iran war. Energy markets are experiencing heightened volatility as the geopolitical conflict adds supply uncertainty to an already tightening inventory picture. No specific inventory figures or ticker-level guidance were provided in the article.

The WSJ reports that US and Iran mediators are drafting a one-page, 14-point memorandum of understanding to establish a framework for a month-long negotiation period, with talks potentially resuming as early as next week in Pakistan. Iran has signaled openness to discussing its nuclear program, though key issues — including uranium enrichment suspension, removal of enriched uranium, and Iran's role in the Strait of Hormuz — remain unresolved. The report is sourced but details are preliminary, and significant sticking points could complicate any formal agreement.

Weekly EIA crude oil inventories showed a draw of -2.313M barrels, missing the -3.291M estimate, suggesting softer demand or higher supply than expected. Gasoline drew -2.504M (beat vs. -2.107M estimate) while distillates drew -1.294M (missed vs. -2.352M estimate). Crude oil prices dipped slightly from $95.20 to $95.00 following the release.

Iran's navy signaled that safe transit through the Strait of Hormuz will be possible as US threats recede, with the Iran-established traffic separation scheme potentially ending and normal shipping flows set to resume. WTI crude has dropped nearly 12% to $90.30 on the news, while US equity futures rallied sharply with S&P 500 futures up 1% and Nasdaq futures up 1.6%. Pakistan is also reportedly mediating toward a permanent end to the conflict, though shipping data has yet to confirm a resumption of normal traffic flows.

Bitcoin approached the $82,000 level as oil prices dropped approximately 6% amid reports of fresh hopes for an Iran peace deal. The macro backdrop — easing geopolitical risk in the Middle East — appears to be driving simultaneous moves across crypto and commodity markets. No specific corporate actions or earnings events are cited in the article.

President Trump announced that the U.S. operation to reopen the Strait of Hormuz will be "paused," leaving one of the world's most critical oil shipping chokepoints in an uncertain status. The Strait of Hormuz handles roughly 20% of global oil trade, and any disruption or delay in reopening it carries significant implications for global energy supply and prices. No timeline for resumption of the operation was provided.

Trump stated only one Iranian missile got through UAE defenses and stopped short of calling it a ceasefire violation, following an incident involving Iranian fire near UAE oil facilities. Iran denied premeditated plans to attack UAE oil infrastructure, attributing the incident to U.S. military actions in the Strait of Hormuz. Oil prices surged approximately $3.81 to $105.76/barrel in response to the geopolitical escalation.

A fire has broken out at a petroleum complex in Fujairah, UAE, following a reported Iranian drone attack, according to Reuters. The incident targets a key oil storage and bunkering hub on the Gulf of Oman. No further details on casualties, damage extent, or confirmed Iranian acknowledgment are provided in the report.

Iran's IRGC has threatened to forcibly stop any vessel violating its newly imposed maritime rules in the Strait of Hormuz, directly countering a US initiative ("Operation Project Freedom") announced by President Trump to escort stranded commercial vessels out of the strait. Iranian officials have dismissed Trump's plan as "delusional" and warned that US interference would violate an existing ceasefire framework. The standoff raises significant escalation risks in a critical global oil chokepoint, with analysts noting likely upward pressure on oil prices.

Iran has issued a warning demanding all commercial ships and oil tankers coordinate with its military before transiting the Strait of Hormuz, threatening a "harsh response" to any threat and cautioning the US Navy against entering the waterway. The statement escalates tensions in one of the world's most critical oil shipping chokepoints, through which roughly 20% of global oil supply passes. No confirmed military action has been taken yet, but the rhetoric raises immediate risks for energy supply chains and broader geopolitical stability.

Oil prices declined after President Trump stated the U.S. would assist in freeing ships stranded in the Strait of Hormuz, easing concerns over a potential supply disruption. The announcement signals a de-escalation of geopolitical risk in one of the world's most critical oil transit chokepoints. No specific companies are named in the article.

President Trump announced via Truth Social that the US will begin escorting neutral ships out of the Strait of Hormuz starting Monday under an operation called "Project Freedom," framing it as a humanitarian gesture for stranded vessels. The White House and Pentagon did not immediately confirm details. Iran faces a strategic dilemma: allowing the operation undermines its leverage over the strait, while interference risks triggering US military retaliation, with Trump explicitly warning any obstruction would be "dealt with forcefully."

Pakistani officials with direct knowledge of U.S.-Iran talks say they expect a revised Iranian proposal to end the ongoing conflict by end of week, with a potential in-person meeting between both sides early next week. Conflicting reports from Israeli media suggest Israel may announce a failure of negotiations, though the article notes skepticism around that claim. WTI crude oil reversed sharply from a high of $110.93 to $104.41, and equities moved to session highs on the Pakistan headline and oil pullback.

Oil prices are extending gains as a deadlock in the US-Iran conflict continues to keep Iranian supply off the market. The geopolitical standoff is sustaining upward pressure on crude prices. No specific resolution or escalation is reported, with the situation described as an ongoing stalemate.

U.S. President Trump posted an AI-generated image of himself with a gun on TruthSocial, appearing to threaten Iran, which contributed to continued rising oil prices on Wednesday. The geopolitical provocation raises concerns about potential escalation in the Middle East. No specific policy action or military move has been confirmed.

President Trump stated that Iran wants the US to open the Strait of Hormuz as soon as possible, signaling potential easing of tensions around one of the world's most critical oil shipping chokepoints. The Strait of Hormuz handles roughly 20% of global oil trade, making any developments there highly consequential for energy markets. No specific policy action or agreement has been confirmed in this report.

Oil prices rose amid ongoing Middle East geopolitical tensions, adding a risk premium to crude markets. The Japanese yen firmed following the Bank of Japan's decision to hold interest rates steady at its latest policy meeting. No specific corporate tickers are cited in the article.