Oil prices rose Friday even after Treasury Secretary Scott Bessent said Washington may soon lift sanctions on Iranian crude stored aboard tankers.

WTI Oil 250326 Daily Chart. WTI oil rebounds as traders focus on developments in the Middle East. U.S. has recently noted that negotiations with Iran continued. Earlier, Iran reje

West Texas Intermediate crude oil has swung violently during the ongoing US–Iran war 2026, rallying to a 4-year high of $119.54, plunging to $76.83. Read more here.

WTI oil futures edged up 0.1% to $96.32 a barrel, while Brent crude gains 3.8% to $107.38 a barrel, after strikes hit Iranian energy infrastructure.

Goldman Sachs has raised its oil price forecasts as the Strait of Hormuz crisis threatens a historic supply disruption.

Leading crypto market maker Wintermute debuts WTI crude oil CFDs – an OTC derivative that lets traders speculate on oil prices 24/7.

Oil futures rose in early trade on a likely technical recovery after WTI and Brent crude futures fell sharply overnight.

Chevron (CVX) stock gained 1.73% as CEO Mike Wirth warned oil futures markets are underestimating the supply disruption from Strait of Hormuz closure.

Oil prices tumbled over 5% as a US proposal for a 15-point plan to Iran, aiming for a ceasefire and ending conflict, sparked hopes of easing supply disruptions. While Washington suggests negotiations are underway,

Oil prices rebound as Iran rejects talks, bringing supply fears back into focus and keeping markets volatile amid ongoing risks around the Strait of Hormuz.

Oil tumbled in the previous session as negotiations could be back on the table. Taking a look at a multi-timeframe analysis of WTI oil to spot where potential action could take place.

US Oil trades around $92.05 on Thursday at the time of writing, up 1.73% on the day, extending its positive bias despite a lack of strong bullish conviction.