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WTI crude oil prices rose above $90 per barrel following reported U.S.

The USO oil ETF has outperformed WTI crude futures since the start of the Iran war, gaining 58% compared to a lesser increase in crude futures, indicating a stronger investment option in the current geopolitical climate.

The threat of a toll on the Strait of Hormuz by Trump is accelerating efforts by Gulf producers to find alternative routes for crude oil, potentially reducing dependence on this critical waterway.

Iran's six-day funeral for Ayatollah Khamenei may lead to short-term market volatility due to potential geopolitical tensions, particularly affecting oil prices and related assets.

U.S.

Oil prices experience a slight increase as investors monitor U.S.-Iran developments, with Citi noting a potential decrease in conflict-related 'overhang'.

Oil prices declined as the U.S.

President Trump announces a potential Iran deal to be signed on Sunday, which could lead to the opening of the Strait of Hormuz, impacting global oil prices and market sentiment.

The UAE has denied reports of transferring funds to Iran, contradicting a Reuters story about unlocking billions of dollars in frozen funds.

WTI crude futures have risen nearly 10% in three days as hopes for a quick peace deal fade.

A Russian drone has hit an apartment block in Romania, a NATO state, prompting calls for a firm response and potential EU sanctions against Moscow.

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.