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    • Strait Of Hormuz

    Oil Prices Surge Amid Rising US-Iran Tensions and Strait of Hormuz Crisis

    Oil Prices Surge Amid Rising US-Iran Tensions and Strait of Hormuz Crisis

    Global oil prices jumped as the US seized an Iranian vessel in the Strait of Hormuz. Despite rising Middle East tensions, markets hope for a negotiated resolution between President Trump and Tehran.

    OPEC+ Increases Oil Quotas as Strait of Hormuz Closure Drives Prices to $120

    OPEC+ Increases Oil Quotas as Strait of Hormuz Closure Drives Prices to $120

    OPEC+ members agree to a 206,000 bpd quota increase for May. However, the Strait of Hormuz closure and infrastructure damage from regional conflict keep actual oil supply low and prices high.