Goldman Sachs Raises 2026 Brent Crude Average Price Forecast by $8 to $85 a Barrel, WTI to $79 a Barrel

Goldman Sachs late on Sunday raised its 2026 average price forecast for Brent crude oil to $85 per barrel (bbl) from $77, while raising its West Texas Intermediate (WTI) forecast…

Oil Plummets 8% as Trump Postpones Hormuz Deadline Threat

Brent crude is down more than 8% in the minutes following a statement by U.S. President Donald Trump that “THE UNITED STATES OF AMERICA, AND THE COUNTRY OF IRAN, HAVE…

Chinese Oil Giants Rethink Iranian Crude After US Waiver

The biggest state-controlled refiners in China are considering whether to buy Iranian crude after the U.S. on Friday issued a one-month waiver allowing imports of Iran-origin crude, sources with knowledge…

Zombie Tankers Appear in Hormuz as War Fuels Traffic Chaos

Vessels posing as tankers that were sent for scrap years ago have appeared to pass through the Strait of Hormuz in recent days, in another example of how the Middle…

Trump Reports ‘Productive Conversations’ with Iran

In a statement posted on his Truth Social page on Monday, U.S. President Donald J. Trump reported that the U.S. and Iran had had “very good and productive conversations” over…

Oil Plunges After Trump Postpones Strikes on Iranian Power Plants

Summary Trump gave Iran 48 hours to reopen Strait of Hormuz on Saturday (Reuters) – Oil prices ​plunged by more than 13% on Monday after U.S. ‌President Donald Trump said…