Drop in oil prices halted by new fears of Russian escalation in Ukraine

August 26th 2026
Despite days of falling oil prices, the cost of unleaded gas has hardly budged, compounding the pressure on consumers.- EIA: US crude inventories up 100,000 bbl
- EU should stop moralizing on Arctic oil and let us get drilling, says Norway
- Oil Prices Tumble to Two-Week Low as Iran-Oman Talks Raise Hopes for Strait of Hormuz Reopening
- A U.S. - Canada Trade War Would Bring Dire Impacts On Oil Trade
- The US says it’ll crack down on countries doing business with Iran. Who’s buying Iranian oil?
- Oil falls 4% as investors shrug off US sanctions on Iran
- US strategic oil reserve continues decline, hits lowest level since 1982
- Oil prices fall as U.S. rolls out global sanctions focused on Iran
- U.S. to unveil ‘greatest financial offensive’ against Iran as Tehran threatens ship seizures


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