By Editorial Dept – Aug 07, 2026, 6:30 AM CDT Iran and Oman appear close to an agreement on reopening the Strait of Hormuz, but the remaining issues are substantial. Tehran would control inbound traffic while Oman would oversee outbound shipping, and Iran is seeking sanctions relief in exchange for toll-free passage. Washington opposes giving...Continue Reading

Gaza Ceasefire Unravels as Regional Pressure on Israel Grows | OilPrice.com Premium Content By Editorial Dept – Aug 07, 2026, 6:30 AM CDT Politics, Geopolitics & Conflict Eight Arab and Muslim countries have accused Israel of violating the Gaza ceasefire as Israeli strikes continue more than nine months after the U.S.-mediated “truce” took effect. Saudi...Continue Reading

Oil Prices Tumble as Traders Price In a Strait of Hormuz Breakthrough | OilPrice.com Premium Content By Editorial Dept – Aug 07, 2026, 6:30 AM CDT September WTI crude oil futures are trading at $78.08 early Friday, down $8.72, or 10.05%, for the week. The market opened at $80.10, traded as high as $82.33, and...Continue Reading

India’s Crude Oil Output Falls for Third Straight Year | OilPrice.com Tsvetana Paraskova What I Cover Tsvetana Paraskova is an energy and commodities journalist who has contributed to Oilprice.com for nearly a decade, covering global energy markets, commodities,… More Info Related News By Tsvetana Paraskova – Aug 07, 2026, 6:00 AM CDT India’s crude oil...Continue Reading

Shipping Through Hormuz Drops Sharply as Tensions Rise | OilPrice.com Tsvetana Paraskova What I Cover Tsvetana Paraskova is an energy and commodities journalist who has contributed to Oilprice.com for nearly a decade, covering global energy markets, commodities,… More Info Related News By Tsvetana Paraskova – Aug 07, 2026, 4:30 AM CDT Vessel traffic through the...Continue Reading

China’s Crude Imports Bounce Back After Historic June Slump | OilPrice.com Irina Slav What I Cover Irina Slav has been writing about global energy markets since 2007, covering the oil and gas industry, energy security, commodities, and the… More Info Related News By Irina Slav – Aug 07, 2026, 3:15 AM CDT China’s crude oil...Continue Reading

Russia Turns to South Korea for Fuel as Refinery Crisis Deepens | OilPrice.com Irina Slav What I Cover Irina Slav has been writing about global energy markets since 2007, covering the oil and gas industry, energy security, commodities, and the… More Info Related News By Irina Slav – Aug 07, 2026, 2:00 AM CDT Russia...Continue Reading

Oil Prices Jump as Houthi Attacks Raise Saudi Supply Risks | OilPrice.com Irina Slav What I Cover Irina Slav has been writing about global energy markets since 2007, covering the oil and gas industry, energy security, commodities, and the… More Info Related News By Irina Slav – Aug 07, 2026, 12:40 AM CDT The Yemeni...Continue Reading

Lower Oil Prices Lend Support For The Gold Rally | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Premium Content By Alex Kimani – Aug 06, 2026, 7:00 PM CDT Bearish market fundamentals continue to weigh on crude, with the IEA cutting 2026 demand forecasts...Continue Reading

Gas Shortages and High Prices Derail Southeast Asia’s Power Buildout | OilPrice.com Tsvetana Paraskova What I Cover Tsvetana Paraskova is an energy and commodities journalist who has contributed to Oilprice.com for nearly a decade, covering global energy markets, commodities,… More Info Premium Content By Tsvetana Paraskova – Aug 06, 2026, 6:00 PM CDT Southeast Asia...Continue Reading