Crude fell sharply on expectations of a US-Iran framework peace deal, reversing part of the war-driven spike.

The agency and banks flag multi-decade low stocks and a potential supply shortfall that could reignite price spikes.

Direct attacks on energy infrastructure drove one of the sharpest single-day crude moves of the conflict.

Depleted emergency reserves limit Washington's ability to cushion oil price shocks.

The coordinated drawdown plan signals how serious the supply disruption has become.

Hopes for a Strait of Hormuz reopening dimmed after Washington rebuffed Tehran's terms.

The comment comes as gasoline costs climb and the administration weighs options against price spikes.

The White House is pressing producers and even China to help ease pump prices.

Banks trimmed crude outlooks while still expecting Brent in the low $100s even if shipping normalizes.

Asian equities traded mixed as investors weighed crude supply risk and higher yields.

Competition for cargoes could keep European gas prices elevated through next summer.

Weekly government data showed draws in crude and gasoline with commercial stockpiles at an eight-year low.

Attacks on LNG carriers underscore the threat to gas shipping through the strait.

Higher crude prices are boosting producer earnings and prompting share sales, while pressuring renewables.

Crude clung to weekly gains as traders tracked shipping disruptions around Hormuz.

Rising gasoline costs are changing driving and job-seeking behavior across the country.

Washington is touting the revamp of Venezuela's industry, though firms need to supply their own power.

The UAE producer is studying infrastructure that would bypass the chokepoint.