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The global oil supply has decreased by approximately 1 billion barrels over the past 75 days due to the Iran war, yet oil prices have only risen by 50% since the end of February.

US crude oil inventories decreased by 4.3 million barrels, bringing commercial stockpiles to 452.9 million barrels, which is 0.3% below the five-year average.

The Dow Jones index declined as oil prices surpassed $101 and CPI inflation increased, while stocks related to Quantum also experienced losses.

Oil prices surged after US President Donald Trump rejected Iran's peace proposal, dashing hopes for a quick resolution to the Middle East conflict.

The U.S.-Iran ceasefire plans have stalled, leaving President Trump with military options to reopen the Strait of Hormuz, sparking market sell-off.

Saudi Aramco's Q1 profit surged 26% due to increased production and the East-West pipeline reaching capacity, mitigating the energy shock from the Iran war.

Oil prices rose following reports of live fire between the U.S.

Asian refiners are offering a significant premium for Upper Zakum crude from the UAE, indicating a supply shortage of medium-sour crude grades due to the Iran war disruption.

Oil prices declined as President Trump launched 'Project Freedom' to guide ships through the Strait of Hormuz and OPEC+ increased output, potentially alleviating supply concerns.

The UAE's departure from OPEC and the Iran war's impact on oil production outages have led to higher oil and natural gas prices, benefiting Exxon Mobil Corp.

America's largest oil companies, including Exxon and Chevron, are experiencing reduced profits due to the Iran war, with a anticipated prolonged recovery period for oil and gas flows even after the Strait of Hormuz reopens.

Global oil futures have surpassed $100 after the cancellation of U.S.-Iran peace talks, leading to increased geopolitical tensions and supply concerns.