Oil prices surge after Trump rejects Iran’s plan to reopen Strait of Hormuz
Brent crude rises more than 3 percent to top $107 a barrel as Washington dismisses Tehran's proposal to end war.
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Brent crude rises more than 3 percent to top $107 a barrel as Washington dismisses Tehran's proposal to end war.
A selloff in Treasuries resumed Monday as oil rallied after President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz, intensifying inflation concerns.
Oil rose as Iran stuck to a seven-day proposal for reopening the crucial Strait of Hormuz rejected by US President Donald Trump, threatening further delays in the reopening of the crucial waterway.
Libyan hydrocarbons are increasingly sought after. To take full advantage, the country needs a new economic strategy.
Bloomberg News Middle East reporter Dan Williams and Bloomberg Intelligence senior commodity strategist Mike McGlone are on Bloomberg This Weekend discussing President Donald Trump’s rejection of Iran’s latest proposal to reopen the Strait of Hormuz and restart negotiations, as the conflict continues to strain global energy markets. They tell hosts David Gura and Christina Ruffini that economic pressure could shape the next phase of diplomacy, while rising fuel costs and shifting US supply and Chinese demand remain critical factors for oil prices. (Source: Bloomberg)
Iran is looking for alternatives to export its oil as the US blockades its southern ports.
Get a jump start on the US trading day with Dani Burger on "Bloomberg Open Interest." Bonds stabilize after a brutal week, oil retreats as the U.S. and Iran explore a deal to reopen the Strait of Hormuz, and Anthropic signs another massive data center deal. Plus, Winners Alliance CEO Ahmad Nassar on unlocking tennis’ commercial potential, and State Street’s Anna Paglia on the retail ETF boom. (Source: Bloomberg)
Oil steadied as US and Iranian negotiators were said to be exploring a phased deal that would see Tehran reopen the Strait of Hormuz.
Oil headed for the longest losing streak in more than a year, as Saudi Arabia moved to restart a key pipeline and the US flagged progress in talks with Iran to end a war that’s rocked the Middle East since March. Mekala Krishnan, Partner at McKinsey Global Institute spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East & Africa about the disruption in the Strait of Hormuz and its impact on oil. (Source: Bloomberg)
Brent fell toward $99 a barrel, after tumbling over the previous four sessions. Oil erased earlier gains on a report that Iran could reopen the Strait of Hormuz if the US lifted a blockade of its ports. US President Donald Trump is set to address the United Nations General Assembly in New York later, and he may meet with his Iranian counterpart, Masoud Pezeshkian. Bloomberg's Will Kennedy breaks down the situation. (Source: Bloomberg)
Saudi Arabia’s observed oil loadings from inside the Persian Gulf jumped over the weekend, the clearest sign yet of how the kingdom has shifted its exports back toward the Strait of Hormuz following the shutdown of a key cross-country pipeline.
Qatar Energy Minister Saad al-Kaabi discusses the future of the Strait of Hormuz and says that to call the strait obsolete is “wrong.” US Treasury Secretary Scott Bessent commented on Sept. 1 that the Strait of Hormuz will be like a worthless piece of water in two years. He spoke with Annmarie Hordern at the 2026 Qatar Economic Forum, UNGA Special Edition; Powered by Bloomberg. (Source: Bloomberg)
Oil and liquefied natural gas shipments through the Strait of Hormuz in the past two weeks reached the highest level in six months, signaling that US naval protection and mine clearance efforts are “paying off,” a regional US commander said.
EIL is seeking project consultancy and feasibility-study mandates for the planned infrastructure
Mitsui OSK Lines Ltd., a top Japanese shipping firm, doesn’t expect LNG shipments through the Strait of Hormuz to resume soon, signaling a prolonged disruption that could keep prices elevated and curb demand across Asia.
The cost of hiring an oil tanker on the industry’s benchmark trade route topped $1 million a day for the first time, as the Iran war leaves too few ships willing to cross the Strait of Hormuz to collect cargoes.
Brent crude has risen above $100 a barrel as war in Iran disrupts shipping through the Strait of Hormuz.
Saudi Arabia is seeking to further boost oil supply through the Strait of Hormuz after attacks forced it to halt a key pipeline that’s been the main means of getting its crude to global markets during the Iran war, according to a person familiar with the matter.
The US-Israel war on Iran has shaken global energy markets and coal is no exception. Countries around the world are turning to the highly polluting source of power in a bid to avoid shipping disruptions in the Strait of Hormuz. According to the International Energy Agency, global coal demand is forecast to rise by 1.2% this year to a record 8.94 billion tonnes. FRANCE 24’s Environment Editor Valerie Dekimpe has the details in this edition.
Pakistan GasPort Chairman Iqbal Z. Ahmed highlights how the closure of the Strait of Hormuz has disrupted LNG supply chains, reshaping Pakistan’s demand outlook. He speaks with Haslinda Amin from the sidelines of 'Gastech Bangkok 2026'. (Source: Bloomberg)
Iraq is holding a tender to hire two or more oil supertankers to perform transits through the Strait of Hormuz, a step that would help to ensure the country’s crude exports while the waterway remains under military threat.
Oil extended gains as Iran vowed it was prepared for a more intense war after hostilities flared across the Middle East, heightening concerns about deeper disruptions to energy flows through the Strait of Hormuz.
Oil extended gains after Fox News reported the US struck targets near Iran’s key crude export hub of Kharg Island, escalating hostilities and stoking fears of deeper disruptions through the Strait of Hormuz.
Oil extended gains as traders watched for details of an Iranian deal with Oman to manage shipping through the Strait of Hormuz. Bloomberg's Michael Heath shares what we know so far. (Source: Bloomberg)
Oil extended gains as traders watched for details of an Iranian deal with Oman to manage shipping through the Strait of Hormuz, which could tighten Tehran’s control over the crucial waterway.
Oil prices spike to six-week highs as US-Iran strikes disrupt traffic in the crucial Strait of Hormuz.
Energy Aspects founder Amrita Sen discusses China's demand for oil and the outlook for crude prices as disruptions in the Strait of Hormuz continue. "We've been talking about diesel and gasoline prices being super high, and they need to stay high, but I think crude is about to close that gap," Sen tells Bloomberg Television. (Source: Bloomberg)
Vandana Hari, Founder of Vanda Insights, says oil prices are likely to continue a slow and steady climb as the U.S. and Iran remain locked in a cycle of escalation around the Strait of Hormuz. She says crude futures are not fully reflecting the physical market tightness, pointing to diesel prices near $200 a barrel in Atlantic markets and warning of further scarcity in the coming weeks and months. Hari also says markets would remain cautious even if Hormuz reopened, given doubts over whether any de-escalation would prove sustainable. She speaks with Abeer Abu Omar on Horizons Middle East & Africa. (Source: Bloomberg)
Tensions are ongoing over the fate of the Strait of Hormuz as both the United States and Iran are claiming control of the waterway. A recent escalation of the attacks in the region is driving oil prices in several countries.
Oil headed for its biggest weekly gain since July as renewed US-Iran hostilities heightened concerns about prolonged disruptions to energy flows through the Strait of Hormuz. Bloomberg's Onur Ant has the latest. (Source: Bloomberg)