Global oil prices plunged more than 6% after the US and Iran suspended attacks over the weekend, boosting hopes of a potential resolution to the conflict through negotiations.

Global oil prices plunged more than 5% after the US and Iran halted attacks over the weekend, sparking hopes of a potential resolution to the conflict through negotiations, despite restrictions on shipping through the Strait of Hormuz.

Goldman Sachs forecasts that oil prices through the Hormuz pipeline will only recover to 70% of pre-war levels, as major oil-producing countries accelerate investment in alternative pipelines and ports.

Global oil prices plunged more than 4% to their lowest level since April after Trump canceled plans to attack Iran and signaled that a peace deal could be reached by the end of the weekend.

Oil prices surged, with WTI jumping 4%, after Iran's Supreme Leader refused to export uranium, escalating tensions in negotiations with the United States. The IEA warned that the global oil market could enter a danger zone.

Goldman Sachs indicates that global crude oil and petroleum product stockpiles fell by an average of 8.7 million barrels per day in May, the highest rate on record.

Global crude oil prices surged 2%, with Brent crude breaking through $107 per barrel, following a setback in US-Iran negotiations and continued restrictions on shipping through the Strait of Hormuz.

The "Iran war" has depleted over 500 million barrels of global oil, worth over $5 billion, causing the most severe oil supply disruption in modern history.

"Global crude oil prices" surged again, with Brent crude surpassing $95, following attacks on ships in the Strait of Hormuz and the US Navy intercepting an Iranian container ship in the Gulf of Oman.

Global oil prices surged to their highest level in decades, with Brent crude rising 59% in a single month after the conflict spread to the Red Sea, posing a risk to several key global energy transportation routes.