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MercoPress, en Español

Montevideo, May 9th 2026 - 03:11 UTC

Tag: oil price

  • Friday, May 1st 2026 - 07:44 UTC

    Brent touches $126 amid US military plan for 'short and powerful' strikes on Iran

    The International Energy Agency described the situation as “the largest supply disruption ever recorded.”

    Brent crude touched $126.41 a barrel on Thursday, its highest level since Russia's invasion of Ukraine in 2022, after Axios reported that the US Central Command (CENTCOM) was preparing a military plan contemplating a wave of “short and powerful” strikes on Iranian infrastructure to force Tehran back to the negotiating table. The price subsequently moderated to close near $114, a decline partly attributed to the expiration of the June futures contract, but the European benchmark has gained more than 60% since the start of the war against Iran on February 28.

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  • Friday, April 24th 2026 - 19:40 UTC

    Hormuz closure keeps Brent above $105 with outlook uncertain

    Brent crude closed on Friday at $105.33 a barrel, accumulating a gain of nearly ten dollars from the start of the week, in a market dominated by uncertainty over the US-Iran conflict and the prolonged closure of the Strait of Hormuz. The European benchmark crude touched $107.40 on Thursday — its weekly peak — before moderating its advance.

  • Thursday, April 23rd 2026 - 03:25 UTC

    European airlines cut flights and raise fares as Iran conflict fuels jet fuel crisis

    Lufthansa said the cuts would save approximately 40,000 metric tons of fuel. Reductions target routes operated from Frankfurt and Munich

    Lufthansa Group announced on Tuesday the cancellation of 20,000 short-haul flights from its summer schedule through October, the most significant measure taken so far by a European airline in response to soaring jet fuel prices driven by the conflict in Iran. The decision is part of a broader trend reshaping European aviation ahead of the peak travel season.

  • Monday, April 13th 2026 - 21:52 UTC

    Tankers turn back at Hormuz as crude jumps over 4% on US blockade

    The Malawi-flagged tanker Rich Starry, 188 meters in length, turned around “within minutes of approaching the strait,” MarineTraffic reported

    Two oil tankers reversed course as they approached the Strait of Hormuz on Monday, just hours after the US naval blockade against Iranian ports took effect, according to maritime tracking platform MarineTraffic. Brent crude for June delivery closed up 4.4% at $99.36 per barrel, while US benchmark WTI rose 2.6% to $99.08, according to Bloomberg.

  • Wednesday, April 1st 2026 - 10:12 UTC

    Trump running out of options in Iran, a US victory is possible?

    The US Navy is not crazy enough to send its big ships into the Persian Gulf, so the troops will have to be redistributed into other, smaller forms of sea and air transport.

    By Gwynne Dyer - The Iranians know they have won, but President Trump doesn’t get it yet. He’s still at the stage of counting up the US and Israeli air-strikes and assuming that those numbers mean a US victory is possible. But five gets you ten that the Iranians are already thinking about nuclear weapons. Not their own, which don’t exist. America’s.

  • Wednesday, April 1st 2026 - 09:01 UTC

    Another front for Trump, “pain in the pump”, gasoline above US$ 4 a gallon

    The US$4.02 average price a gallon in US is the highest since August 2022. And the average price for diesel is now US$ 5.45, according to AAA

    ”If the (Iran) conflict is contained soon, the hit to confidence may be temporary, but a prolonged crisis could prompt more precautionary saving and further discretionary spending cuts,” warned Moody’s in a report on the current war in the Middle East, and the impact for US households.

  • Tuesday, March 31st 2026 - 03:58 UTC

    Oil tops $114 a barrel as Iran conflict drives record monthly surge

    The rally comes as the conflict between the United States, Israel, and Iran enters its fifth week with no clear resolution in sight

    Brent crude, the European benchmark, closed Monday at $112.78 per barrel and continued climbing in the futures market past $114, its highest level since July 2022. Oil has surged roughly 55% in March, the largest monthly gain since the contract's inception in 1988.

  • Sunday, March 29th 2026 - 22:04 UTC

    Sharp fuel price hike in Chile triggers first protests against Kast government

    Kast defended the measure as a matter of fiscal honesty. “Speaking the truth gives us peace of mind. The alternative was to push the nation deeper into debt. That ends up costing more,” he said

    Chilean President José Antonio Kast's government faced its first street protests since taking office on March 11 this week, after a historic fuel price increase hit consumers and rapidly eroded public support for the far-right leader.

  • Friday, March 27th 2026 - 23:04 UTC

    Uruguay raises fuel prices 7% over Middle East war and shifts to monthly price-setting

    Under the adjustment, Super 95 gasoline will rise from 76.88 to 82.27 pesos per liter, while 50S diesel will increase from 47.32 to 50.63 pesos per liter

    Uruguay's government announced on Friday a 7% fuel price increase effective April 1, as a direct consequence of rising oil prices driven by the U.S.-Israeli war against Iran and the effective closure of the Strait of Hormuz, through which approximately 20% of the world's crude oil supply transits.

  • Wednesday, March 25th 2026 - 20:22 UTC

    Iran rejects Trump's 15-point proposal and asserts sovereignty over the Strait of Hormuz

    Iranian military spokesman Ebrahim Zolfaghari stated that the situation in the strait “will not go back to the way it was” and that the authority to allow maritime passage belongs exclusively to Iran

    Iran rejected on Wednesday the 15-point proposal put forward by the Trump administration to end the war, calling its terms “excessive and detached from reality,” while international mediators scramble to arrange a direct meeting between representatives of both countries that could be, they warn, the last chance to prevent a broader escalation.

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