Physical oil prices are at $112/barrel, much higher than paper oil, signaling acute supply stress from the ongoing U.S.–Iran conflict. Read full analysis here.

Oil and natural gas prices jumped after renewed risks to energy flows via the Strait of Hormuz threatened to jeopardize much-anticipated peace talks between the US and Iran.Most Read from BloombergCruise Ships Seized Brief Hormuz Reopening to Flee Persian GulfTrump Aims to Seal Iran Deal,

Oil futures rose, recovering more than half of Friday’s losses amid uncertainty over U.S. talks with Iran as a two-week cease-fire nears an end.

Oil prices have started to slip — but not necessarily for reasons that suggest a return to market normalcy

Investors saw a possible path to peace, with the United States and Iran trading proposals for Iran to suspend nuclear activity.

By Shadia Nasralla, Stephanie Kelly and Dmitry Zhdannikov LONDON, April 17 (Reuters) - The trading desks of Europe's top three oil majors have reaped billions of dollars from the energy supply crunch caused by the Iran war,

Exxon, Chevron and other energy companies are turning to Africa and South America to secure their next generation of prospects.

A crypto trader, who is the largest Solana (SOL) bear onchain, has opened a 3-times-leveraged long position on a Brent oil contract worth $18 million on Hyperliquid on Apr. 19. Hyperliquid is a decentralized crypto exchange that has become immensely popular among retail traders looking to trade energy futures 24/7.