Oil prices

Brent crude futures settled lower at US$1.91, or 2.75 per cent, at US$67.55 per barrel.

Oil settles almost 3% down on easing supply concerns ahead of US, Iran talks

[HOUSTON] Oil prices settled down almost 3 per cent on Thursday in choppy trading, after the US and Iran agreed to hold talks in Oman on Friday, easing concerns about Iranian crude supplies.

Both crude benchmarks have seesawed this week between news of talks to de-escalate tensions between the US and Iran.

Energy & Commodities

Oil prices climb 3% as market awaits US-Iran talks

Opec members Saudi Arabia, Iran, the United Arab Emirates, Kuwait and Iraq export most of their crude via the Strait of Hormuz, mainly to Asia

Iran was the third-biggest Opec crude producer in 2025, according to US Energy Information Administration data.

Global Enterprise

Oil prices climb 2% after US shoots down Iranian drone, worries about armed boats

[NEW YORK] Oil prices climbed about 2 per cent on Tuesday after the US shot down an Iranian drone approaching a US aircraft carrier and armed boats approached a US-flagged vessel in the Strait of Horm...

Iran and the US will resume nuclear talks on Friday, officials from both countries told Reuters.

Energy & Commodities

Oil settles down over 4% on US-Iran de-escalation, easing supply worries

[NEW YORK] Oil prices fell more than US$3 per barrel on Monday after US President Donald Trump said Iran was “seriously talking” with Washington, signaling a de-escalation of tensions with the Opec me...

Brent crude futures were down US$2, or 2.9 per cent, to US$67.28 per barrel at 0100 GMT on Monday.

Energy & Commodities

Oil prices fall by 3% on US-Iran de-escalation

[TOKYO] Oil prices fell 3 per cent on Monday as US President Donald Trump said over the weekend Iran was “seriously talking” with Washington, signalling de-escalation with an Opec member after risks o...