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2026-05-11All stories Headlines Search Latest

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Oil prices

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2026-05-10

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Industrial oil refinery silhouette at sunset — illustrative imagery of the global crude-oil supply chain whose pricing on the Monday May 11, 2026 Asian open jumped roughly three dollars a barrel after Washington's rejection of Iran's ceasefire reply and the continued near-closure of the Strait of Hormuz.

2026-05-1010 min read

Brent crude tops $104 as US–Iran talks collapse and Hormuz stays closed; oil up $3 a barrel

By Newsorga desk