Tanker prices soar amid Strait of Hormuz crisis - media
Oil tanker prices have climbed to their highest since 2008 amid rising demand triggered by the Middle East escalation.
oil prices
Oil price up above 92 dollars per barrel first since July 30
The price of futures contracts of Brent crude oil for October 2026 delivery on London’s ICE has risen above $92 per barrel for the first time since July 30, 2026, according to trade data.
Maritime shipping costs surge to record highs due to conflicts
Conflicts and climate change have led to a sharp rise in the cost of maritime and river transportation along key routes, including the Panama Canal, the Rhine, and the Red and Black Seas, the Financial Times reported, citing analysts.
Azerbaijani oil reaches 95,5 dollars per barrel
The CIF price of Azerbaijan's Azeri Light crude at Italy's Augusta port decreased by $0.07, or 0.07%, from the previous level to $95.50 per barrel, a source in the oil market said.
IEA downgrades 2026 global oil demand forecast
The International Energy Agency (IEA) forecasts a 1.6 million barrels per day (bpd) decline in global oil demand in 2026 amid the ongoing closure of the Strait of Hormuz and high oil prices, which are curbing consumption, the agency said.
Global oil prices continue to rise
The price of Brent crude oil futures for October on the London exchange rose above $85 per barrel, with WTI and Azerbaijani crude also climbing.
Brent crude falls below 80 dollars per barrel
The price of Brent crude oil futures for October fell below $80 a barrel on Wednesday for the first time since July 13, according to ICE data.
Brent oil drops below 82 per barrel
The price of Brent crude futures contract with September delivery on the ICE exchange in London fell below $82 a barrel for the first time since July 13, according to trading data.
Azeri Light oil nears 100 dollars
The price of Azerbaijan's Azeri Light crude oil increased by $6.97, or 7.64%, from the previous session to $98.19 per barrel.
Price of Brent oil down below 85 dollars
The price of futures contracts of Brent crude oil for September 2026 delivery has dropped by more than 9% on London’s ICE, diving below $88 per barrel for the first time since July 21, 2026, according to trade data.
Brent crude rises above 100 dollars for first time since May 26
Oil prices continued their sharp rise on July 23, with Brent crude crossing the $100 mark for the first time since May 26.
Azerbaijan's oil price climbs above 100 dollars
The price of Azerbaijan's Azeri Light crude oil on a CIF basis at Italy's Augusta port increased by $1.83, or 1.85%, from the previous session to $100.56 per barrel.
Oil prices climb toward 100 dollars
Brent crude rose above $98 per barrel while WTI approached $90 as geopolitical tensions intensified. Houthi forces claimed attacks on two Saudi oil tankers, prompting some vessels to avoid the Bab el-Mandeb Strait. Markets are increasingly pricing in the risk of supply disruptions after oil gained nearly 20% in roughly two weeks.
Price of Brent oil up above 91 dollars per barrel
The price of futures contracts of Brent crude oil for September 2026 delivery on London’s ICE has risen above $91 per barrel for the first time since June 11, 2026, according to trade data.
Brent oil price up above 87 dollars per barrel first since June 15
The price of futures contracts of Brent crude oil for September 2026 delivery on London’s ICE has risen above $87 per barrel for the first time since June 12, 2026, according to trade data.
Houthis to close Bab el-Mandeb Strait - report
A senior Yemeni official has warned that the country's armed forces are prepared to close the Bab al-Mandeb Strait, sending oil prices soaring to $200 a barrel, if Saudi Arabia persists in its aggression against Yemen's critical infrastructure, PressTV reported.
Oil holds gains as Hormuz risks support prices
Oil prices remained firmly higher on Monday despite retreating from an early rally of almost 5%, with investors continuing to assess the potential impact of renewed military tensions between the U.S. and Iran on global crude supplies.
Brent soars above 80 dollars per barrel
Brent crude oil prices increased significantly during today's trading session, surpassing the $80 per barrel threshold.
Oil surges towards 80 dollars as Trump says Iran ceasefire over
The price of futures contracts of Brent crude oil for September 2026 delivery on London’s ICE has risen above $79 per barrel for the first time since June 23, 2026, according to trade data.
Saudi Arabia cuts oil prices to record low
Saudi Arabia has reduced its oil export prices to Asian buyers by $11 per barrel for August, marking a 25-year low, according to media reports.
