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News Trump urges oil producers to pump more crude fearing Iran may close critical shipping lane Published: Jun. 23, 2025, 12:28 p.m.

Oil prices surged during late Sunday trading after the US launched strikes on three Iranian nuclear Saturday evening in a major escalation of the Iran-Israel conflict.

WASHINGTON President Donald Trump on Monday called for the U.S. and other oil-producing economies to pump more oil as crude prices remain volatile following U.S. strikes on Iranian nuclear ...

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Total oil futures and options lots traded on the Intercontinental Exchange (ICE) hit record highs in the second quarter, as U.S. President Donald Trump waged a trade war and geopolitical conflicts ...

Options markets suggest the probability of a disruption of oil flows through the Strait of Hormuz is just 4% following the Iran-Israel ceasefire, Goldman Sachs analysts said in a note on Thursday.

Oil prices were falling after recent gains. The market faces as risk that Iran retaliates against Israel airstrikes by closing the Strait of Hormuz, which is critical to global energy shipments.