Trump says U.S. will take Iran's oil-export hub Kharg Island. Here's what his threat really means.

Oil prices climbed toward session highs Thursday after President Donald Trump threatened further strikes on Iran and said the U.S. would take control of the country's oil and gas markets as well Kharg Island, its oil-export hub.

Market Watch • 2 hours ago

OPEC Lowers This Year's Oil-Demand Forecast

The Organization of the Petroleum Exporting Countries cut its oil demand estimates for this year as the U.S. blockade on Iran and near-closure of the Strait of Hormuz continue to curb production from major Gulf producers.

WSJ • 5 hours ago

Trump Says U.S. Controls Strait of Hormuz Amid Iran Strikes. Oil Prices Slip.

Brent crude and WTI prices were edging down early on Thursday as the U.S. and Iran exchanged strikes and President Trump said American forces control the Strait of Hormuz.

Barrons • 9 hours ago

Once an Arab oil embargo victim, US becomes world's top oil exporter

The United States has become the world's largest oil exporter, upending a decades-old order long dominated by Saudi Arabia and Russia, a shift that tightens American companies' grip on energy markets as Washington's war with Iran reshapes ​global energy trade.

Reuters • 13 hours ago

China learns to live on less fuel, to the relief of oil markets

Three months into the Iran war, the oil market is coming to grips with an unexpected new ​reality: China, the world's largest importer, needs much less fuel than previously thought.

Reuters • 9 hours ago

OPEC again lowers 2026 global oil demand growth forecast

OPEC on Thursday lowered its ​forecast for world oil ‌demand growth in 2026 to 970,000 barrels per ​day, a copy ​of its monthly report ⁠showed, marking the second ​straight downward revision.

Reuters • 6 hours ago

Trump drops MASSIVE oil claim sending SHOCKWAVES through the markets

Axis President and CEO Vince Tizzio joins 'Mornings with Maria' to break down rising security threats in the Strait of Hormuz, the impact on global oil markets and the role insurers play in protecting maritime trade.

Fox Business • 6 hours ago

Oil rises, Gulf on alert as U.S. and Iran launch new wave of strikes

Oil extended gains in Asian trade as U.S.-Iran tensions escalated for a second straight day. CENTCOM said it carried out fresh strikes on Iranian military sites, while Tehran claimed attacks on U.S. facilities in Jordan.

CNBC International TV • 12 hours ago

Retired Gen. Kimmitt: Hormuz, Lebanon Are ‘Diversions'

Oil prices increased by about 2% following escalated threats from the US President to 'hit Iran hard' after delays in peace negotiations. Retired US Army Brigadier General Mark Kimmit, Former Assistant Secretary of State for Political Military Affairs, joined the discussion to analyze the shift in US posture.

Bloomberg Markets and Finance • 3 hours ago

Oil Price Forecast: Brent and WTI Eye Breakout as Strait of Hormuz Risk Grows

Oil prices remain supported as Strait of Hormuz risks and the U.S.-Iran conflict keep supply fears high, while Brent and WTI approach key breakout levels.

FXEmpire • 14 hours ago