oil prices

Iran says the Strait of Hormuz will stay shut until the United States meets seven conditions, leaving oil above $100 and energy markets anxious

Oil rose more than 2% on Thursday as US-Iran talks showed little sign of progress, with Brent near $105.51 and traders eyeing a US diesel export ban.

Petrobras has approved joining Brazil’s new diesel subsidy program worth 1 real per liter, as President Lula moves to cushion voters from rising oil prices.

Gulf states called off a planned meeting with Iran as Yemen’s Houthis struck a Saudi airbase, sending oil prices higher amid a widening Middle East war.

Oil rose more than 3 percent after new Houthi strikes on Saudi Arabia and Gulf tanker attacks deepened fears over a shut Saudi pipeline.

Brent crude rose above $100 a barrel for the first time since July as escalating Middle East conflict deepened fears over regional oil supply.

Iran says it will soon declare a new restricted zone in the Gulf and new Strait of Hormuz shipping maps, as fresh US-Iran attacks on ships lifted oil prices.

KEY POINTS Shares of Italian energy giant Eni fell 3.29% on September 4, closing at €23.08 on the Borsa Italiana as investors awaited the company’s latest financial results. The stock …

Oil headed for a weekly gain above 6 percent as US-Iran fighting resumed, while US diesel prices hit a record high, fuelling fresh global inflation fears.

Oil prices fell further on Tuesday as investors shrugged off the latest US sanctions on Iran, with Brent down 1.0 percent to $91.27 a barrel.