Brent crude stayed above $100 while WTI rose sharply as escalating US-Iran tensions and fears over the Strait of Hormuz pushed global oil prices higher again.

The US began a blockade in the Strait of Hormuz after weekend peace talks yielded little. Oil prices jumped above $100 and stocks swung to start the week.

Nigerians face potential petrol price hikes as global crude exceeds $100 per barrel. Amid Middle East tensions, Abuja sees some filling stations lowering prices.

The euro slipped to a 10-day low near $1.169 after Eurozone business activity unexpectedly contracted in April and oil prices surged above $100 per barrel amid Middle East tensions. Manufacturing output beat forecasts, but services saw their steepest ...

Oil prices surged as Trump warned Iran to reopen Hormuz, while lawmakers questioned Hegseth over the US Iran war.

Oil prices have been climbing steadily through early 2026, driven by a combination of OPEC+ production discipline, geopolitical disruption in key producing regions, and supply infrastructure that has not kept pace with the recovery in global demand.

Oil prices are holding below $100 amid ceasefire hopes, but markets remain highly volatile and driven by geopolitical headlines. Physical supply is still severely constrained, with flows through the Strait of Hormuz far below normal and spot prices surging ...

Oil prices have rocketed this year due to the war with Iran. WTI, the primary U.S. oil price benchmark, has risen 85% to more than $100 a barrel. The prolonged closure of the Stra