Oil prices rise after Trump says Iranian ship seized
Energy markets have seen wild swings since the US and Israel attacked Iran on 28 February.
Coverage by Political Leaning
See how different sides of the spectrum reported this story
Notable Quotes
"Oil markets continue to gyrate in response to oscillating social media posts by the US and Iran, rather than the realities on the ground which remain challenging for oil flows to resume in a rapid fashion."
— Saul Kavonic , Academic
"Europe has maybe six weeks of jet fuel left."
— Fatih Birol , Executive
"But prices have likely peaked, and they’ll start going down."
— Chris Wright , Executive
"The market’s still carrying a risk premium into the deadline but just not fully committing to it."
— Haris Khurshid , Executive
"there will be no retreat in the field of diplomacy"
— Mohammed Bagher Qalibaf , Politician
"the United States is going to knock out every single Power Plant, and every single Bridge, in Iran"
— Donald Trump , Politician
"an act of aggression"
— Esmail Baghaei , Politician
"I don’t know. That could happen later this year. That might not happen until next year."
— Chris Wright , Executive
"I love the president like a taco. I don’t always agree with him, but I think he wants a better world."
— John Kennedy , Politician
"It was not in my interest at all to debate the US president, Donald Trump, about the Iran war, but I would continue preaching the gospel message of peace."
— Pope Leo XIV , Other
"Deep reserves of patience are needed, but with some industries such as airlines staring at jet fuel shortages, these are tense times."
— Susannah Streeter , Academic
"We have full custody of their ship, and are seeing what’s on board!"
— Donald Trump , Politician
"But prices have likely peaked, and they’ll start going down."
— Chris Wright , Executive
Key People
Chris Wright is the U.S. Energy Secretary.
Former president of the United States known for his aggressive economic policies.
Esmail Baghaei is a spokesperson for Iran's foreign ministry.
Fatih Birol is the director of the International Energy Agency.
Haris Khurshid is the chief investment officer at Karobaar Capital.
Trump's son-in-law and a special envoy working on Middle Eastern negotiations.
JD Vance is a United States Senator from Ohio and a prominent figure in conservative politics.
Republican Senator from Louisiana questioning DHS spending.
Iran's chief negotiator and parliamentary speaker who supports the IRGC's position.
Pope Leo XIV is the current pope of the Roman Catholic Church.
Head of energy research at MST Research.
A special envoy involved in negotiations with Iran.
Chief investment strategist at Wealth Club discussing tech companies.
Tags
All Coverage
Energy markets have seen wild swings since the US and Israel attacked Iran on 28 February.
U.S. forces seized an Iranian-flagged cargo ship in the Gulf of Oman after it attempted to bypass a U.S. naval blockade. President Trump announced the action, leading to a rise in oil prices and escalating tensions with Iran.
Oil prices surged as a standoff between Iran and the U.S. prevented tankers from using the Strait of Hormuz, a crucial waterway for global energy supplies. The conflict has led to significant disruptions in oil markets and global energy crises.
Oil prices surged after Iran accused the U.S. of breaking a ceasefire by seizing an Iranian-flagged cargo ship. Tehran vowed to respond, escalating tensions in the region and impacting global oil markets.
Oil prices rose sharply after the U.S. seized an Iranian cargo ship, leading to the closure of the Strait of Hormuz. The move has intensified tensions and disrupted global oil supply chains.
Oil prices rose as a standoff between Iran and the U.S. prevented tankers from using the Strait of Hormuz, a vital global energy route. The conflict has led to significant disruptions in global oil supply and prices.
Oil prices rose after the US seized an Iranian cargo ship, the Touska, jeopardizing peace efforts and hopes for reopening the crucial Strait of Hormuz.
Oil and natural gas prices soared after the US Navy seized an Iranian ship, leading to Tehran reimposing controls in the Strait of Hormuz. Brent crude jumped as much as 7.9%, erasing most of its declines from earlier in the week.
President Trump announced that U.S. Marines seized an Iranian-flagged cargo ship attempting to evade a naval blockade near the Strait of Hormuz. The U.S. Navy fired on the ship, damaging its engine room, marking the first such interception since the blockade began.
Oil prices rose sharply and European stock markets fell after the US seizure of an Iranian vessel, impacting hopes for a peace deal. The incident has heightened concerns over the stability of the Strait of Hormuz and global oil markets.
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