Brent crude futures, the international benchmark for oil prices, were at $87.70 per barrel at 3.15pm GMT on Friday (June 12, 2026) down nearly 3% drop.

Why oil is failing: Crude benchmarks slide below $90

Crude benchmarks retreat as Hormuz fears ease and traders unwind risk bets

'Ghost' tankers ease nerves as oil holds near $92

US crude stock draw and supply concerns push benchmarks toward $90

This aerial photo shows a tanker unloading imported crude oil at a terminal port in Qingdao, in China’s eastern Shandong province on June 9, 2026.

Oil car era 'ended', but not in 2026: Here's the data

While the world closely watches oil, EVs are quietly rewriting transport history

This picture taken on October 5, 2023 shows a driver charging a VinFast electric car at a charging station in Hanoi.

EU to mobilise up to €25 billion for renewable energy

EU launches T-MED to drive €25bn in Mediterranean renewables and clean tech

A solar panel installation crewmember. Spain is set to generate more than 50% of power from renewables.

Fake news meets oil markets: Threat behind price spikes

Could AI hoax trigger next energy crisis? Markets react in seconds, truth arrives late

Crude oil prices have spiked amid supply concerns, geopolitical risks, fear, uncertainty and doubt. Today, however, uncertainty can also be manufactured through artificial intelligence and sophisticated digital manipulation.

Pick one of 90 steps to help fight climate change

A global roadmap of 90 technologies to drive net-zero and climate resilience

There are a number of responses to help curb climate change at an individual, organisation or state levels.

Pentagon says China's Alibaba, BYD aiding military

US expands blacklist of Chinese firms over alleged military ties

FILE - Models stand next to a latest EV car from Chinese automaker BYD showcased at the Auto China 2026, in Beijing, April 25, 2026. (AP Photo/Andy Wong, File)

US carriers spent $6.5 billion on fuel in April

Middle East conflict drives oil spike, forcing fare hikes and flight cuts

FILE - A worker finishes up fueling a jet at DFW International Airport in Grapevine, Texas, April 14, 2026. (AP Photo/LM Otero, File)

Hormuz reopening with new fees alongside Oman: Iran

New Strait of Hormuz fees risk clash with US as oil markets eye supply relief

In this picture obtained from Iran's ISNA news agency on June 1, 2026, Iranians sit on Suru Beach in Bandar Abbas along the Strait of Hormuz.

Stalled US-Iran talks threaten Hormuz lifeline

Energy chokepoint under strain as threats, attacks disrupt vital Gulf shipping lane

As oil prices remain elevated amid tighter supply due to prolonged US-Iran conflict, both Washington and Tehran may see strategic advantages in allowing the conflict to drag on, rather than moving toward a rapid settlement, say analysts.

Trump can't stop US clean-energy boom: Here's why

AI-era electricity demand fuels record US solar and storage buildout

A large solar farm in Eleven Mile Corner, Arizona showcasing renewable energy development. New government data shows solar was the single largest source of new US power-generation capacity for 28 consecutive months through the end of 2025.

Brent climbs above $95 as traders watch supply risks

Prices near $100 as traders weigh OPEC+ moves and summer demand surge

The fragile ceasefire has yet to convince shippers to risk the narrow Hormuz Strait, the critical chokepoint that carries about 20% of the world’s oil supply.

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