Iranian officials suggest a proposed US peace deal could lead to the reopening of the Strait of Hormuz, a key global oil chokepoint.
President Trump's shift towards dialogue with Iran eases energy market fears, signaling a potential diplomatic breakthrough.
Iran's threat to charge a toll for passage through the Strait of Hormuz could destabilize global shipping and energy markets.
UAE exits OPEC, citing quota frustrations that unfairly limited its exports, signaling a major shift in global oil politics.
US extends sanctions waiver for Russian oil purchases by one month, allowing oil already at sea to be delivered.
US extends sanctions exemptions on some Russian oil amid persistent high gas prices, balancing policy with economic stability.
Strait of Hormuz remains open amid Lebanon cease-fire, US and Iran confirm, easing market fears.
US blockade on Iranian shipping to worsen economic pain, but may not force concessions or ease global energy crunch.