Oil Rises After U.S. Reimposed Naval Blockade on Iran
Oil prices rose, with Brent crude trading just shy of $86 a barrel after the U.S. reinstated its naval blockade on Iran.
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BP Sees Further Oil-Trading Gains as Iran Conflict Fuels Volatility
Quarterly reported upstream production is expected to range from 2.17 million to 2.22 million barrels of oil equivalent a day, compared with 2.34 million barrels of oil equivalent a day in the first quarter.
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Trump Backtracks on 20% Toll for Shipping in Hormuz Strait
Brent crude prices remain at their highest since the days before the U.S. and Iran signed a memo of understanding aimed at reopening the strait and pausing hostilities.
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Oil Surges Most Since 2020, Reflecting Bet That Strait Won't Go Back to Normal
The international crude price climbed nearly 10% as President Trump said he would reimpose the U.S. blockade.
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Energy & Utilities Roundup: Market Talk
Find insight on oil futures, Iberdrola, the U.S.-Iran war and more in the latest Market Talks covering energy and utilities.
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Trump Says He Is Reimposing the U.S. Blockade of Iran
The move would sharpen a standoff over control of Hormuz that has led to days of fighting.
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U.A.E. Crude Output Surged in June After OPEC Exit
The United Arab Emirates boosted crude output by 80% in June from the previous month after quitting the Organization of the Petroleum Exporting Countries to escape production quotas and bring oil to the market on its own terms.
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Frequent Oil Draws From U.S. Strategic Reserve Push Old System to Breaking Point
Fracturing wells, leaky pumps and other wear-and-tear are straining the Gulf Coast salt caverns that make up the reserve.
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Oil Demand Recovery Is Under Way but U.S.-Iran Escalation Clouds Outlook, IEA Says
Consumption is projected to fall by 1 million barrels a day this year, but the pace of decline is easing.
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A Big Winner From the Iran War: Africa's Richest Man
Nigerian industrialist Aliko Dangote bet big on oil refining-and now his wealth has surged by billions of dollars this year.
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The Global Oil Market Isn't Ready for the Iran Ceasefire to End
America's crude inventories are flirting with dangerous levels, while exports of gasoline and diesel hover near records.
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U.S. Crude Oil Stockpiles Post Unexpected Build
U.S. crude oil inventories rose for the first time in 11 weeks, increasing by 3 million barrels, as production and imports increased and exports fell.
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U.S. and Iran Exchange Strikes in Latest Threat to Fragile Ceasefire
Earlier, the U.S. revoked a waiver allowing Tehran to sell oil, eliminating a key incentive for Tehran in the interim peace deal.
(END) Dow Jones Newswires
July 15, 2026 04:00 ET (08:00 GMT)
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