Crude Oil SEP1 (CL3109) News

Foreign media report "no progress" in US-Iran ceasefire, Trump claims full control over Strait of Hormuz

On Tuesday evening local time, U.S. President Trump told reporters at Joint Base Andrews in the suburbs of Washington that the United States had "full control" over the Strait of Hormuz.

Golden10 DataAug 12 21:01

Global Commodities Roundup: Market Talk

The latest Market Talks covering Commodities. Published exclusively on Dow Jones Newswires throughout the day. 1142 ET--U.S. commercial crude oil stocks rose by 17.4 million barrels last week, the

WSJ00:15

NYMEX Overview: Oil Futures Take Breather, Ignore Large U.S. Crude Inventory Build -- OPIS

U.S. crude prices were little changed heading into Wednesday's afternoon trade after four consecutive sessions of solid gains, with market participants largely shrugging off a much larger-than-

Dow Jones00:14

Dow Jones Top Markets Headlines at 11 AM ET: Inflation Was 3.4% in July, Down Slightly From the Previous Month | Stocks ...

Inflation Was 3.4% in July, Down Slightly From the Previous Month The inflation rate cooled to 3.4% in July, the Labor Department said Wednesday. ---- Stocks Move Higher After CPI Meets Forecasts U.S.

Dow JonesAug 12 23:00

US Total Crude Oil Stocks Rebound in Week Ended Aug. 7

US crude oil stocks, including those in the Strategic Petroleum Reserve, rose by 11.3 million barrels in the week ended Aug. 7 following a decrease of 400,000 barrels in the previous week.Excluding

MT NewswiresAug 12 22:41

Express News | Trump: The United States has full control over the Strait of Hormuz

In his latest post, U.S. President Trump stated: “The United States has fully taken control of the Strait of Hormuz. I believe we will maintain this control! Our naval blockade has been hailed by all as an ‘Iron Wall,’ leaving Iran powerless to respond. They have no navy, no air force, and their remaining soldiers have not been paid. The Islamic Revolutionary Guard Corps has suffered heavy losses and is in disarray, while their ‘leadership’ can best be described as uncertain at best! They lack funds—the country is already ‘riddled with holes.’ All they have left are fake news and 300% inflation, and the situation is worsening! Iran is now all talk and no action, no longer a bully in the Middle East!”

BreakingsAug 12 22:32

Cooling CPI Unable to Halt Supply Crisis! IEA Warns Crude Oil Deficit to Double in Q3

On August 12, global energy markets experienced a dual shock from macroeconomic and geopolitical factors. On one hand, senior Iranian sources confirmed that negotiations between the United States and Iran on permanently ending Gulf conflicts and restoring the June temporary ceasefire agreement have completely stalled; the heightened blockade posture in both the Strait of Hormuz and the Bab el-Mandeb Strait has driven WTI crude oil prices to continue their surge, reaching $82 per barrel. On the other hand, the recently released U.S. July CPI year-on-year growth rate declined as expected to 3.4% (with core CPI falling to 2.5%), which, combined with the previously reported weak performance of a 23,000 decrease in non-farm payrolls in July, has reinforced market expectations that "high interest rates are squeezing real economy demand"

FX678 FinanceAug 12 21:42

Crude Futures Move Lower Awaiting News on Hormuz Talks -- Market Talk

0926 ET - Oil futures are lower in early U.S. trading with little movement seen toward an agreement to reopen the Strait of Hormuz. The IEA says it now expects global oil demand to fall by 1.6

WSJAug 12 21:26

OPEC's Four Consecutive Cuts in Oil Demand Forecasts Fail to Suppress Oil Prices; Dual Threats from the Strait of Hormuz and the Red Sea Sustain Energy Risk Premium

OPEC lowered its 2026 global oil demand growth forecast to 580,000 barrels per day on Wednesday, marking the fourth consecutive downward revision by the organization.

Zhitong FinanceAug 12 21:04

US July CPI fully met expectations, leaving interest rate hike uncertainty unresolved; gold experiences sharp volatility affecting both bulls and bears.

The July CPI did not trigger inflation alarms, nor did it allow the Federal Reserve to breathe a full sigh of relief. With core CPI rising more than headline CPI month-on-month, raising concerns about expanding inflationary pressures, and coupled with rising oil prices, is the hawkish camp becoming restless?

Golden10 DataAug 12 20:51

Stock Futures Rise as Investors Assess July CPI and Middle East Uncertainty

TipRanksAug 12 20:41

Strait of Hormuz standoff hinders supply recovery; IEA lowers global oil demand forecast

① The IEA monthly report指出 that conflicts in the Middle East and disruptions to key shipping lanes have hindered the recovery of global oil supply, with global daily oil consumption projected to decrease by 1.6 million barrels year-on-year in 2026; ② Negotiations on reopening the Strait of Hormuz have reached a stalemate, while Brent crude oil prices hover around $89 per barrel.

cls.cnAug 12 19:36

Express News | WTI crude oil fell 1.00% intraday, currently trading at $81.37 per barrel

WTI crude oil fell 1.00% intraday, currently trading at $81.37 per barrel.

BreakingsAug 12 17:50

Express News | Commerzbank: Stalemate in Strait of Hormuz Agreement; Middle East Geopolitical Risks Continue to Pressure Energy Markets

Commerzbank analysts Charlie Lay and Henry Hao noted that Brent and WTI crude oil prices strengthened as the market reassessed the prospects for an agreement regarding the Strait of Hormuz. Iran insists that the Strait will remain closed until its conditions are met, while persistently high geopolitical risks may keep energy markets tight and renew upward pressure on U.S. inflation. Mixed signals suggest that negotiations are progressing, but an agreement capable of restoring normal shipping through the Strait of Hormuz does not appear imminent. Geopolitical risks elsewhere in the Middle East remain elevated. A U.S. Navy helicopter fired on a cargo ship attempting to breach the U.S. blockade of Iranian ports, while separate incidents involving commercial vessels were reported in the Gulf of Oman and along the Red Sea coast of Yemen. European diesel prices also surged significantly due to refinery outages in other regions, exacerbating market concerns about already strained energy supplies. Although declining energy prices in July helped ease overall inflation, the subsequent rebound in oil prices suggests that energy could once again exert upward pressure on inflation in the coming months.

BreakingsAug 12 17:23

IEA warns of intensifying impact from the Strait of Hormuz crisis: Global oil market faces largest supply deficit in five years

The International Energy Agency (IEA) released its latest monthly report on Wednesday, warning that the global oil market is facing a rapidly widening supply gap as conflict reignites in Iran and the Strait of Hormuz remains blockaded. Inventory drawdowns are accelerating far beyond expectations, even as the demand-destructive impact of high oil prices intensifies significantly.

Zhitong FinanceAug 12 17:01

Brent, WTI Futures Rise Pre-Bell as Trump Claims Control Over Hormuz Strait, Pakistan Reports Red Sea Killings

04:51 AM EDT, 08/12/2026 (MT Newswires) -- Brent, WTI Futures Rise Pre-Bell as Trump Claims Control Over Hormuz Strait, Pakistan Reports Red Sea

MT NewswiresAug 12 16:51

The global oil market is shifting toward a shortage, with the IEA projecting the supply deficit to widen to 1.3 million barrels per day by 2026.

The International Energy Agency's (IEA) latest assessment of the oil market indicates that the global crude oil market is undergoing a significant rebalancing of supply and demand. Although high oil prices have begun to curb petroleum consumption through demand destruction, disruptions to shipping in the Strait of Hormuz and the sluggish recovery of Middle Eastern production are exerting greater pressure on the supply side. The IEA projects that, as new conflicts and maritime disruptions persist, the decline in global oil inventories could exceed previous forecasts by more than twofold, potentially resulting in a supply shortfall of approximately 1.8 million barrels per day in the global oil market during the current quarter. If supply disruptions last longer than anticipated, 2026 could become the most...

FX678 FinanceAug 12 16:50

U.S. military ammunition supplies are running low; Vance urges protection of oil tankers as crude prices approach a new turning point.

On Wednesday (August 12), international crude oil prices exhibited a volatile pattern, initially dipping before rebounding and then pulling back from highs. WTI crude is currently trading around $83.74, up 0.65%. The primary bullish driver for oil prices was a U.S. military missile strike on a tanker, which rapidly cooled market expectations of an imminent ceasefire agreement between the U.S. and Iran. Negotiations over navigation through the Strait of Hormuz remain deadlocked. On the bearish side, Pakistan has continued to mediate between the U.S. and Iran, with Pakistan’s Interior Minister traveling to Tehran to meet Iranian officials for dialogue. Meanwhile, the U.S. has consistently signaled its determination to contain oil prices. Today, U.S. forces fired upon a Panama-flagged cargo vessel in the Gulf of Oman.

FX678 FinanceAug 12 16:24

Supply concerns reignited by Red Sea casualty-linked attacks push international oil prices higher, with Brent crude nearing $90 per barrel.

On Wednesday, international oil prices rose. Despite diplomatic signals suggesting the potential reopening of the Strait of Hormuz, supply risks to this critical global shipping corridor have intensified further following deadly attacks on commercial vessels in the Red Sea and the Gulf of Oman.

Zhitong FinanceAug 12 14:08

Houthi militants escalate Red Sea attacks, boosting oil prices and supporting the Canadian dollar, but tonight’s CPI data could reverse the trend.

During the Asian session on Wednesday (August 12), the U.S. dollar edged higher against the Canadian dollar, currently trading around 1.3930, after a three-day decline that had taken it to a low of 1.3914—the weakest level since June 10—providing temporary relief. Markets are now awaiting tonight’s U.S. CPI data, which will determine the near-term direction of the dollar and the next move for USD/CAD. Oil prices rose to a one-and-a-half-week high amid geopolitical risks, offering support to the Canadian dollar; however, expectations of Federal Reserve rate hikes and geopolitical uncertainty continued to fuel safe-haven demand for the U.S. dollar, limiting downside potential for USD/CAD. Geopolitical risks pushed up oil prices, supporting the Canadian dollar, with WTI crude oil futures holding steady on Wednesday at levels reached overnight.

FX678 FinanceAug 12 13:20