Crude Oil News

Risk-on “TACO” redux: Intraday outlook on Nasdaq 100, DJIA, AUD/USD and Gold https://www.marketpulse.com/markets/risk-on-taco-redux-intraday-outlook-on-nasdaq-100-djia-audusd-and-gold/ Global markets have surged after the US and Iran announced an interim agreement to end hostilities and reopen the Strait of Hormuz. Nasdaq 100 futures jumped 3% while risk-sensitive assets rallied sharply on renewed optimism. Traders remain cautious as no official agreement text has been released, sanctions details remain unclear, and geopolitical risks involving Israel continue to threaten the fragile peace process. Key technical levels across Nasdaq 100, Dow Jones, AUD/USD, and Gold in focus.

Vance says U.S. expects Strait of Hormuz to be open 'toll free' long term https://www.cnbc.com/2026/06/15/vp-vance-says-us-expects-strait-of-hormuz-to-be-open-toll-free-long-term.html The U.S. and Iran have issued conflicting statements on how the Strait of Hormuz will be managed.

Hormuz to Reopen as Iran, US Agree to Pause War https://www.rigzone.com/news/wire/hormuz_to_reopen_as_iran_us_agree_to_pause_war-15-jun-2026-183919-article/?rss=true The U.S. and Iran said they reached an interim agreement to reopen the Strait of Hormuz, halting a war that killed thousands of people and setting the stage for 60 days of negotiations on the fate of Tehran's nuclear program.

U.S. crude oil falls nearly 5% after Trump says U.S. and Iran complete deal to open Strait of Hormuz https://www.cnbc.com/2026/06/14/oil-price-iran-war-strait-hormuz-peace-deal.html "The Deal with the Islamic Republic of Iran is now complete," Trump said in a Truth Social post.

UK forces board sanctioned Russian shadow fleet oil tanker https://www.cnbc.com/2026/06/14/uk-forces-board-sanctioned-russian-shadow-fleet-oil-tanker.html The U.K.'s Ministry of Defence says the SMYRTOS was in the English Channel and will be held off the south coast during investigations.

Shell Plots $1B Wind Farms Sale https://www.rigzone.com/news/wire/shell_plots_1b_wind_farms_sale-14-jun-2026-183917-article/?rss=true Shell is preparing to launch a sale of its offshore wind farms in the oil major's latest move away from renewable energy to focus on its higher-returning fossil fuel business.

ExxonMobil Explores Acquisitions Including Woodside https://www.rigzone.com/news/wire/exxonmobil_explores_acquisitions_including_woodside-13-jun-2026-183916-article/?rss=true ExxonMobil has been holding early-stage discussions internally, according to people with knowledge of the matter.

Oil Drops to Four-Month Low https://www.rigzone.com/news/wire/oil_drops_to_fourmonth_low-12-jun-2026-183918-article/?rss=true Oil prices fell sharply as hopes grew for a Hormuz reopening agreement between the US and Iran.

Hope for Hormuz as Iran, US Edge Closer to Peace Deal https://www.rigzone.com/news/wire/hope_for_hormuz_as_iran_us_edge_closer_to_peace_deal-12-jun-2026-183915-article/?rss=true The U.S. and Iran moved closer to an interim peace agreement meant to reopen the Strait of Hormuz.

APA Expands Alaska Footprint with Savant Acquisition https://www.rigzone.com/news/apa_expands_alaska_footprint_with_savant_acquisition-12-jun-2026-183914-article/?rss=true 'The acquisition of Savant secures control of strategic infrastructure adjacent to our eastern North Slope acreage, enhancing our ability to execute our planned drilling program efficiently'.

Chart alert: SpaceX to the moon or to the ground? Watch 187.60 and 161.00. https://www.marketpulse.com/markets/chart-alert-spacex-to-the-moon-or-to-the-ground-watch-18760-and-16100/ SpaceX begins trading on Nasdaq in the largest IPO ever, raising US$75 billion and achieving a valuation near US$1.8 trillion. While investor demand remains exceptionally strong, technical signals from the SPCX/USDT grey market suggest caution. The pre-IPO perpetual contract remains trapped in a descending channel, highlighting the risk of further downside unless bulls reclaim the key US$187.60 resistance level. Traders are closely watching whether SpaceX becomes a major driver of Nasdaq 100 per

Asia open: Wall Street surges as Trump signals a breakthrough peace deal with Iran https://www.marketpulse.com/markets/asia-open-wall-street-surges-as-trump-signals-a-breakthrough-peace-deal-with-iran/ Global markets rallied sharply after President Trump signalled a potential breakthrough US-Iran peace deal, easing fears of a prolonged energy shock. WTI crude oil plunged 6%, driving a broad relief rally across equities, bonds, and currencies. Semiconductor stocks surged nearly 8% as investors renewed confidence in the AI infrastructure boom, while SpaceX’s record-breaking US$75 billion listing demonstrated robust liquidity and appetite for technology investments.

Aker BP Raises Stake in Norway's Johan Sverdrup https://www.rigzone.com/news/aker_bp_raises_stake_in_norways_johan_sverdrup-12-jun-2026-183913-article/?rss=true Aker BP and its partners in the Johan Sverdrup Unit on Norway's side of the North Sea completed a redetermination that entitles Aker BP to 2.2 million barrels of oil equivalent over the next 2 years due to its ownership increasing to 31.7163 percent.

Repsol Brings In Masdar as Partner in Spanish Renewables Portfolio https://www.rigzone.com/news/repsol_brings_in_masdar_as_partner_in_spanish_renewables_portfolio-12-jun-2026-183912-article/?rss=true The partnership covers assets valued around $983 million including 705 megawatts of operational capacity.

Naftogaz Wins Its First Long-Term Regasification Booking in Europe https://www.rigzone.com/news/naftogaz_wins_its_first_longterm_regasification_booking_in_europe-12-jun-2026-183911-article/?rss=true The Ukrainian state-owned company won 12-year rights to regasify at the liquefied natural gas terminal in Klaipeda, Lithuania.

Russian Oil Output at Lowest in Year amid Ukrainian Strikes https://www.rigzone.com/news/wire/russian_oil_output_at_lowest_in_year_amid_ukrainian_strikes-12-jun-2026-183910-article/?rss=true Russian producers pumped an average of 9.009 million barrels a day of crude in May, according to OPEC.

Trump Claims Iran Deal Close in Uturn https://www.rigzone.com/news/wire/trump_claims_iran_deal_close_in_uturn-12-jun-2026-183909-article/?rss=true The U.S. president pulled back threatened military strikes against Iran, a stark reversal that came just hours after he vowed to hit the Islamic Republic 'VERY HARD' and threatened to seize its oil infrastructure.

Oil prices fall on hopes of U.S.-Iran deal despite Tehran pushback https://www.cnbc.com/2026/06/12/oil-prices-wti-brent-on-hopes-of-us-iran-deal-despite-tehran-pushback.html Oil prices fell on Friday after U.S. President Donald Trump said Washington had reached a framework agreement with Iran, raising hopes that tensions in the Middle East could ease.

What energy insiders in DC are saying about oil prices and a possible Iran deal https://www.cnbc.com/2026/06/11/what-energy-insiders-in-dc-are-saying-about-oil-prices-and-a-possible-iran-deal.html Brian Sullivan shares his insight from the sidelines of the Global Energy Forum in Washington, DC.

Oil Falls to April Lows on Trump Signals https://www.rigzone.com/news/wire/oil_falls_to_april_lows_on_trump_signals-11-jun-2026-183908-article/?rss=true Oil fell sharply after Trump signaled progress toward a potential peace deal with Iran.