OPEC News
Brent Crude Crashes Below $79 as US-Iran Peace Deal Unlocks Strait of Hormuz and Iranian Oil
Brent crude fell below $79 per barrel โ its lowest since March โ after the US and Iran signed a peace agreement reopening the Strait of Hormuz.
Jun 17, 2026
๐ GlobalWTI Crude Plunges as US-Iran Deal Allows Tehran to Sell Oil Immediately with Sanctions Waived
WTI crude plunged after the Wall Street Journal revealed the US-Iran deal allows Tehran to sell oil immediately with sanctions on oil sales fully waived.
Jun 17, 2026
๐ฎ๐ณ IndiaBrent Crude Falls Below $80 as US-Iran Peace Deal Removes Strait of Hormuz Risk Premium
Brent crude fell below $80 per barrel as a US-Iran peace deal removed the geopolitical risk premium that had elevated oil prices.
Jun 17, 2026
๐ฎ๐ณ IndiaCrude Oil Rebounds from 5% Plunge as Traders Await US-Iran Peace Deal Details
Crude oil rebounded on June 16 after plunging nearly 5% the previous session to its lowest close since March 4, 2026.
Jun 16, 2026
๐ GlobalChina Oil Refiners Cut Output to Four-Year Low as Persian Gulf Imports Collapse
Chinese oil refiners cut output to the weakest level in nearly four years as crude imports plunged to an eight-year low amid near-halted Persian Gulf shipments.
Jun 16, 2026
๐จ๐ฆ CanadaTrump Eyes Iran Peace Deal But Tehran Reviews Text; Strait of Hormuz Reopening Hangs in Balance
Trump announced plans for a US-Iran peace deal but Iran pushed back saying it was still reviewing the agreement text
Jun 15, 2026
๐ฎ๐ณ IndiaMCX Crude Oil Crashes 5% to Rs 7,544 on US-Iran Peace Deal โ Near-Term Outlook Remains Bearish
MCX crude oil prices tanked 5.32% to Rs 7,544 per barrel after the US-Iran peace deal was announced
Jun 15, 2026
๐บ๐ธ United StatesCrude Oil Falls on Iran-US Peace Deal as Supply Return Prospects Emerge
Crude oil futures dropped sharply after the US-Iran peace agreement raised the prospect of Iranian barrels returning to global markets, potentially adding significant supply and unwinding the geopolitical risk premium embedded in energy prices.
Jun 15, 2026
๐ GlobalOil Prices Plunge 4% as US-Iran Deal Reopens Strait of Hormuz After 100-Day Closure
Brent crude fell 3.95% to $83.88/barrel and WTI dropped 4.62% as US-Iran agreement reopens Strait of Hormuz.
Jun 14, 2026
๐ฎ๐ณ IndiaBrent Slides to $86 on Iran Deal Optimism, India OMCs Eye Margin Relief
Brent crude slipped to around $86/barrel as markets priced in a potential Iran-US diplomatic breakthrough.
Jun 13, 2026
๐ฆ๐ช UAE / MENABrent Crude Falls to Two-Month Low Near $89 on US-Iran Peace Deal Speculation
Brent crude fell to a two-month low of approximately $89 per barrel on news of a potential US-Iran talks breakthrough
Jun 13, 2026
๐ธ๐ฌ SingaporeOil Tumbles as Trump Signals US-Iran Deal Progress; Strait of Hormuz Tanker Traffic Recovers
Crude oil prices fell sharply after Trump signaled the US is nearing an agreement with Iran to end the conflict.
Jun 12, 2026
๐ฎ๐ณ IndiaStrait of Hormuz Non-Iranian Crude Flows Jump 50% in June as US Blockade Halts Iran Shipments
Non-Iranian crude oil flows through the Strait of Hormuz surged 50% in June's first 10 days to 1.8 million barrels per day
Jun 12, 2026
๐ง๐ท BrazilOPEC Holds Global GDP Forecast at 3.1% and Maintains Non-OPEC Supply Growth Outlook for 2026-27
OPEC maintained its 2026 global GDP growth forecast at 3.1%, signalling stable but modest world economic expansion expectations.
Jun 12, 2026
๐ GlobalOPEC Cuts 2026 Global Oil Demand Forecast Again as China and European Recovery Slows
OPEC lowered its 2026 global oil demand growth forecast for the second consecutive time, signalling softening expectations for crude consumption recovery.
Jun 12, 2026
๐ GlobalTrump Vows Total Control of Iran Oil Markets, Escalating Geopolitical Energy Supply Risk
Trump vowed to take 'total control' of Iran's oil and gas markets, escalating geopolitical pressure on Iranian energy exports.
Jun 12, 2026
๐บ๐ธ United StatesOil Surges on US-Iran Military Clashes as Geopolitical Risk Premium Builds Into Energy Markets
Oil prices surged on escalating US-Iran military tensions, with the conflict threatening supply flows through critical Middle East shipping corridors.
Jun 11, 2026
๐จ๐ฆ CanadaOil Surges as Fresh US Strikes on Iran Threaten Fragile Ceasefire and Global Markets
Oil prices jumped after the US launched new strikes on Iran, threatening a fragile ceasefire and upending global markets with Strait of Hormuz supply disruption risk.
Jun 10, 2026
๐บ๐ธ United StatesIran-Israel Ceasefire Sinks WTI Crude 3.75% to One-Week Low; RBOB Gasoline Falls 2.1%
WTI crude (CLN26) tumbled 3.75% to a one-week low as the Iran-Israel ceasefire removed the geopolitical risk premium from oil prices.
Jun 10, 2026
๐ GlobalChina's Oil Imports Sink to 8-Year Low as Iran War Crimps Supply Routes
China's oil imports fell to an eight-year low in May as the Iran war severely restricted supply from major producing nations.
Jun 9, 2026
๐ GlobalGlobal Oil Inventories Near Critical Lows as Countdown to Price Surge Begins
Global oil inventories are approaching what analysts call 'operational minimum' and 'tank bottoms' levels
Jun 9, 2026
๐ง๐ท BrazilOPEC+ Raises Production Limits by 188,000 Barrels Per Day from July as Alliance Extends Compensation Deadline
OPEC+ agreed to raise production limits by 188,000 barrels per day from July 2026, extending the compensation deadline for overproducers to December 2026.
Jun 8, 2026
๐ GlobalHormuz Tanker Traffic Falls 90-95% as Dark Fleet Obscures Global Oil Flow Data
Tanker traffic through the Strait of Hormuz has collapsed by 90-95% versus pre-war levels, according to analyst consensus cited by OilPrice.com
Jun 7, 2026
๐ฎ๐ณ IndiaOPEC Cuts 1.22 Million Barrels as Iran Sanctions Bite; India's Oil Bill Set to Rise
OPEC's 11 current members saw output drop 1.22 million barrels per day to 16.33 million bpd in May, with Iran accounting for more than half the decline
Jun 6, 2026
๐ GlobalOPEC Output Hits Decade Low as US Sanctions Squeeze Iran and Persian Gulf Supply
OPEC crude output fell to its lowest level in decades in May as US sanctions on Iran and Persian Gulf disruptions severely curtailed production
Jun 6, 2026
๐ง๐ท Brazil100 Days Into US-Israel-Iran War: Markets Still Pricing Severe Oil Crisis Risk Despite Price Stabilization
At the 100-day mark of the US-Israel-Iran war, major institutional investors and economists maintain severe oil crisis risk models despite near-term price stabilization.
Jun 6, 2026
๐จ๐ฆ CanadaOPEC Output Hits Decades-Low as US Iran Sanctions and Persian Gulf Disruptions Cut Supply
OPEC output fell to its lowest level in decades as US enforcement of Iran sanctions and Persian Gulf disruptions sharply curtailed crude supply.
Jun 5, 2026
๐ง๐ท BrazilTrump Says Iran Deal Progressing Well, Confirms Hormuz Will Reopen Immediately on Agreement
President Trump said Iran peace deal talks are going well but declined to give details, confirming the Strait of Hormuz would reopen immediately upon agreement โ a market-moving oil supply signal.
Jun 5, 2026
๐จ๐ณ ChinaChina Cuts Gasoline and Diesel Prices for Second Time in 2026 as Oil Falls
China's National Development and Reform Commission cut domestic gasoline and diesel prices for the second time in 2026, effective June 4, reducing costs by 525 yuan per ton for petrol and 505 yuan per ton for diesel.
Jun 5, 2026
๐ฌ๐ง United KingdomNear-Decade-Low China Oil Imports Shield Crude Markets Below $100 Despite Middle East Risk
Chinese crude oil imports near decade-lows are keeping Brent below $100 a barrel, with traders citing Beijing demand weakness as the dominant factor offsetting Middle East supply disruption risk.
Jun 4, 2026