Six countries want EU talks in September on taxing windfall profits of oil companies

Six European Union countries want the 27-nation EU to discuss in September a mechanism to tax windfall profits of oil companies ​triggered by Iran's blockade of the Strait of Hormuz, a letter ‌by their finance ministers showed on Monday.

Reuters • 2 hours ago

U.S. oil export curbs might be close, as SPR stockpiles approach minimum level: Analyst

Andy Lipow from Lipow Oil Associates says despite efforts to diversify away from reliance on the Strait of Hormuz, oil reserves nearing the minimum level is the biggest concern for markets, as Washington considers sanctions on Iran and oil export restrictions.

CNBC International TV • 2 hours ago

Oil prices fall as investors await 'toughest' U.S. sanctions on Iran

Oil prices fell as investors awaited details of what Washington has billed as its toughest-ever sanctions campaign against Iran. U.S. Treasury Secretary Scott Bessent is set to unveil a new package of sanctions against Iran later.

CNBC • 9 hours ago

Oil falls 1% ahead of US announcement to impose further sanctions on Iran

Brent crude ​futures fell to $93.45.

Reuters • 11 hours ago

Fewer than 20 ships transit key Strait of Hormuz over weekend, data shows

Fewer than 20 commodity vessels transited the Strait of Hormuz at the weekend, shipping data showed on Monday, as Iranian and ​U.S. blockades restrict traffic through the chokepoint for energy shipments.

Reuters • 8 hours ago

Oil News: Crude Oil Traders Eye Hormuz Traffic as Supply Risk Builds

Crude oil buyers hold control as limited Hormuz supply and strong refining margins keep sellers on the defensive.

FXEmpire • 11 hours ago

Oil Falls on Possible Position Adjustments Before Potential U.S. Sanctions on Iran

Oil fell in early Asian trade on possible position adjustments. The U.S. is expected to announce new economic sanctions against Iran on Monday.

WSJ • 10 hours ago

Dow Jones Forecast: High Yields and Trump Tariffs Test the AI Boom

The Dow Jones remains below 55,000 as Trump tariff talks support sentiment, while high Treasury yields and rising AI risks limit the recovery.

FXEmpire • Aug 22, 2026

Explainer: Why is Trump talking about the Keystone XL oil pipeline?

A social media post by U.S. President Donald Trump declaring that the Keystone XL oil pipeline "may be awoken from the grave" attracted attention this week in the midst of U.S.-Canada trade talks. Below is a ​look at the history of that project running through parts of Canada and the U.S., as ‌well as details on the new oil pipeline proposal that follows a slightly different route:

Reuters • Aug 21, 2026

Oil prices head for second weekly rise as U.S. vows to turn up economic pressure on Iran

Crude prices were slightly lower early Friday but on course for a second consecutive weekly gain as the U.S. vows to mount the "toughest sanctions in history" against Iran. U.S. Treasury Secretary Scott Bessent told CNBC that meant a return to large-scale military combat was "unlikely," but markets are now "pricing in the failure of diplomacy," an analyst told CNBC.

CNBC • Aug 21, 2026