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U.S. President Donald Trump said on Wednesday the United States will help with the buildup of shipping traffic in the Strait of Hormuz. Trump on Tuesday agreed to a two-week ceasefire with Iran less than two hours before his deadline for Tehran to reopen the strait or face attacks on its civilian infrastructure. Trump said the last-minute deal was subject to Iran's agreement to pause its blockade of oil and gas supplies through the strait, which typically handles about one-fifth of global oil [Read more]

Israel supports U.S. President Donald Trump's decision to suspend strikes against Iran for two weeks, but the ceasefire does not include Lebanon, Prime Minister Benjamin Netanyahu's office said on Wednesday. The premier's office said Israel backed the U.S. move provided Tehran immediately opened the strait and stopped attacks against the United States, Israel and countries in the region. The remarks came after Washington announced a two-week suspension of attacks against Iran as part of efforts [Read more]

U.S. President Donald Trump said on Tuesday that he had agreed to a two-week ceasefire with Iran, less than two hours before his deadline for Tehran to reopen the Strait of Hormuz or face widespread attacks on its civilian infrastructure. Oil dived, bonds rallied and stocks surged as the ceasefire was seen as paving the way for a lasting peace and resumption of Gulf oil and gas exports. Below are some reactions from investors and analysts: JAMIE COX, MANAGING PARTNER, HARRIS FINANCIAL [Read more]

U.S. West Texas Intermediate crude fell by nearly $20 per barrel on Wednesday after U.S. President Donald Trump said he had agreed to a two-week ceasefire with Iran that was subject to the immediate and safe reopening of the Strait of Hormuz. WTI crude for May delivery fell $18.10, or 16.02%, to $94.85 per barrel as of 2320 GMT, after hitting $91.05, the lowest since March 26. The announcement came shortly before his deadline for Iran to open the Strait of Hormuz, where 20% of the world’s [Read more]

Iran's Supreme Security Council said on Wednesday negotiations with the United States would begin on Friday April 10 in Islamabad after it submitted a 10-point proposal to Washington via Pakistan, Iranian state media reported, adding that talks do not signal the end of the war. Iran said the talks, which may last up to 15 days and could be extended by agreement, aim to finalise details of the proposal, which includes provisions on transit through the Strait of Hormuz, sanctions relief and [Read more]

Oil dived, bonds rallied and stocks surged on Wednesday as a two-week ceasefire in the Middle East was seen as paving the way for a lasting peace and resumption of Gulf oil and gas exports. U.S. President Donald Trump said he agreed to suspend bombing and attacks on Iran for two weeks and that a long-term peace agreement was in progress. U.S. crude futures fell around 9% to $103 a barrel, S&P 500 futures leapt 1.6% and the dollar fell broadly. Futures pointed to broad gains for [Read more]

Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location Apr. 7 Accounting Analyst Strike Group Calgary Apr. 6 Logistics Summer Student Roska DBO Grande Prairie Apr. 2 NITROGEN OPERATOR - (RDC) Trican Well Service [Read more]

The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened again on Tuesday as U.S. crude closed at its highest since 2022. WCS for May delivery in Hardisty, Alberta, settled at $16.65 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $16.15 on Monday. * The WCS differential has widened by $1.50 since last week, and is now trading at its steepest discount since early 2024. * The widening is the [Read more]