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A pump jack operates near a crude oil reserve in the Permian Basin oil field near Midland, Texas, on Feb. 18, 2025. (PHOTO: REUTERS/Eli Hartman/File)
Apr 8, 2026

Oil prices fall below $100 after Trump announces two-week Iran ceasefire

Oil prices tumbled below $100 a barrel following President Donald Trump's announcement of a two-week ceasefire with Iran and reopening of the Strait of Hormuz.

A worker operates valves at the Rumaila oil field, as the country cuts nearly 1.5 million barrels per day of output amid halted exports following the closure of the Strait of Hormuz, in Basra, Iraq, March 4, 2026. (PHOTO: REUTERS/Essam Al-Sudani/File Photo)
Mar 27, 2026

Oil up more than 2.5% but set for first weekly decline since start of Iran war

Oil prices rose more than 2.5% on Friday but are set for their first weekly decline since the Iran war began, reflecting cautious investor sentiment amid ongoing conflict.

Mar 24, 2026

Idaho gas prices rise to 9th highest in the nation amid Middle East conflict

Idaho gas prices average $4.11 per gallon, ranking ninth highest nationally due to rising crude oil costs amid ongoing Middle East conflict.

An LPG gas tanker at anchor as traffic is down in the Strait of Hormuz, amid the U.S.-Israeli conflict with Iran, in Shinas, Oman, March 11, 2026. (PHOTO: REUTERS/Benoit Tessier)
Mar 17, 2026

Oil prices rise over 1% amid Middle East tensions affecting fuel costs locally

Oil prices rose more than 1% due to Iran attacks on UAE and Strait of Hormuz closure, driving higher fuel costs in the US and globally.

A drone view of a pump jack and drilling rig south of Midland, Texas, U.S. June 11, 2025. (PHOTO: REUTERS/Eli Hartman/File Photo)
Mar 2, 2026

Oil and gas prices surge as Iran conflict disrupts middle east flows

Oil and gas prices jumped sharply due to Israeli and U.S. strikes on Iran, disrupting Middle Eastern oil and gas flows through the Strait of Hormuz.


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