Iraq piles pressure on OPEC over quota dispute after UAE exit

Iraq seeks a higher output quota from OPEC and warns it could leave the group if demands are not met, Reuters reported. As the second-largest oil exporter in the group, any such move would deal a significant blow to OPEC.

CNBC • 4 hours ago

Mideast fuel oil exports to hit four-month high in June, still below pre-war levels

Middle Eastern fuel oil exports are set to rebound ​to a four-month high in June as Iraq and Saudi Arabia diverted supply to other ports ‌while shipments through the Strait of Hormuz are set to pick up, according to trade sources and shipping data.

Reuters • 10 hours ago

Oil price falls to pre-Iran war levels as more tankers exit strait of Hormuz

Fears of long-lasting energy crunch ‘slinking away' as vessel traffic doubled in 24 hours to highest level since late February

The Guardian • 8 hours ago

Next Year Will See An Oil Glut But Price Pressure Will Be Delayed

As always, there is a huge split between oil price bulls and bears which is hardly surprising given the massive uncertainty about the geopolitical environment. Will the ceasefire hold?

Forbes • 4 hours ago

Oil Crashes Below $70. Are Federal Reserve Interest Rate Hikes Behind Us?

Three months ago, investors were bracing for a very different economic outlook.The outbreak of the Iran war sent oil prices surging above $100 a barrel, gasoline costs climbed, and inflation suddenly reemerged as a major concern.

24/7 Wall Street • 3 hours ago

Crude Oil Price Analysis – Crude Oil Filling the War Gap

Crude oil markets are testing major support.

FXEmpire • 2 hours ago

Oil Retreats to Prewar Levels as Gulf Flows Through Hormuz Pick Up

Prices slipped back as a wave of supply trapped inside the Persian Gulf for months started flowing again.

WSJ • 6 hours ago

Trump instructs DOJ to probe oil companies over higher gasoline prices

U.S. President Donald Trump said on Wednesday ​that he has instructed ‌the Department of Justice to look into oil companies ​for not lowering pump ​prices in line with falling ⁠crude costs.

Reuters • Jun 24, 2026

Oil extends decline as Trump accuses oil firms of 'gouging' consumers

Oil prices fell as concerns over disruptions to shipping through the Strait of Hormuz eased. Trump urged a DOJ probe into fuel prices, accusing oil companies of gouging consumers.

CNBC • Jun 24, 2026

Oil prices erase wartime gains as supply concerns ease with Hormuz tanker traffic resuming

Oil prices fell on Thursday, with Brent and WTI crude erasing wartime gains. Investors bet global crude supplies would improve after tankers that had been stranded in the Persian Gulf for months began leaving the Strait of Hormuz.

CNBC • 13 hours ago