By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Pipeline PulsePipeline Pulse
  • Home
  • Oil
  • Featured
  • Gas
  • Refining & Processing
  • Exploration
  • Pipelines
  • Drilling
Reading: Oil & Gasoline Information Dwelling
Share
Notification Show More
Latest News
Oil & Gasoline Information Dwelling
Oil & Gasoline Information Dwelling
Oil
EU Points New 4MM Funding Name for Cross-Border Vitality Initiatives
EU Points New $704MM Funding Name for Cross-Border Vitality Initiatives
Oil
JERA Posts Increased Annual Revenue
JERA Posts Increased Annual Revenue
Oil
North America Goes Again to Dropping Rigs
North America Goes Again to Dropping Rigs
Oil
Qatar Extends Power Majeure on LNG Provide
Qatar Extends Power Majeure on LNG Provide
Oil
Aa
Pipeline PulsePipeline Pulse
Aa
  • About Us
  • Advertising Solutions
  • Privacy
  • Terms of Service
  • Podcast
  • Home
  • Oil
  • Featured
  • Gas
  • Refining & Processing
  • Exploration
  • Pipelines
  • Drilling
Have an existing account? Sign In
Follow US
Copyright © MetaMedia™ Capital Inc, All right reserved.
Pipeline Pulse > Oil > Oil & Gasoline Information Dwelling
Oil

Oil & Gasoline Information Dwelling

Editorial Team
Last updated: 2026/05/04 at 7:16 PM
Editorial Team 27 minutes ago
Share
Oil & Gasoline Information Dwelling
SHARE


(Replace) Could 1, 2026, 9:22 PM GMT+1: Article up to date with White Home letter in fifth paragraph.

President Donald Trump expressed displeasure with the present state of negotiations with Iran however stopped in need of threatening recent army motion within the nine-week battle that’s triggered a worldwide vitality disaster.

“They need to make a deal however I’m not happy with it,” Trump instructed reporters on the White Home Friday. “We simply had a dialog with Iran. Let’s see what occurs. However I might say that I’m not blissful.”

- Advertisement -
Ad image

Trump didn’t elaborate on the Iranian members within the newest talks, or once they occurred. He added that “they’ve made strides, however I’m unsure in the event that they ever get there.”

Tehran relayed a brand new proposal to Washington through Pakistan, which mediated a primary spherical of direct negotiations final month, Iran’s state-run Islamic Republic Information Company stated on Friday.  It wasn’t instantly clear whether or not Trump’s remarks referred to that proposal.

The White Home despatched a letter to prime lawmakers arguing that the present ceasefire pauses the 60-day restrict that might in any other case, beneath the Conflict Powers Act, require congressional authorization to proceed the conflict. 

Within the new proposal, Tehran affords to debate its situations for opening the strait whereas nonetheless demanding the US pledges to cease its assaults and unwind its blockade, the Wall Road Journal reported, citing folks acquainted. 


Commercial – Scroll to proceed

Requested concerning the administration’s choices, Trump mused, “Can we need to simply blast the hell out of them and end them eternally or will we need to attempt to make a deal?” He added that “on a human foundation, I favor not” to order extra strikes.

Trump touted what he known as an “unbelievable” blockade of the Strait of Hormuz and stated the US wasn’t prepared to finish the conflict. “The strait is completely shut down, it’s flawless. It’s 100% shut down.”  

Oil costs eased on Friday after touching recent wartime highs this week. Brent crude settled close to $108 a barrel whereas US oil edged decrease by about 3% to finish the session near $102. Merchants unwound positions and exercise is skinny as they continue to be cautious of being caught on the incorrect facet of weekend developments.

The destiny of the Strait of Hormuz — by way of which a couple of fifth of the world’s oil and liquefied pure fuel flowed earlier than the conflict — lies on the coronary heart of the present stalemate. Each Iran and the US have signaled they’re ready for the opposite to maneuver first earlier than they comply with ease restrictions on site visitors.

IRNA didn’t elaborate on what the Iranian proposal entailed on key points resembling Hormuz or Iran’s nuclear actions.

Trump has stated the blockade of Iranian ports is depriving the Islamic Republic of much-needed oil income, claiming the strain would drive Tehran again to the negotiating desk. The US issued a warning concerning the sanctions threat of paying tolls to Iran for secure passage by way of the strait.

“Good luck blockading a rustic with these borders,” Iran’s Parliament Speaker Mohammad Bagher Ghalibaf stated on X, referring to his nation’s massive measurement. He and different Iranian officers say the blockade, which they insist have to be lifted for the edges to go to new talks and for Hormuz to be reopened, will additional push up oil costs.

Trump emphasised, as he beforehand has, that the surge in oil costs is momentary and forged it as helpful to US exports.

“When this conflict ends, the gasoline and oil and the whole lot goes to return tumbling down,” he stated. “We now have extra oil manufacturing proper now than any time in historical past. And in the event you check out the ships, they’re all coming as much as Texas, Louisiana, Alaska.”

On Thursday, Iran’s new supreme chief, Mojtaba Khamenei, forged doubt on the probability of a deal. He gave a uncommon assertion through which he vowed not to surrender the nation’s nuclear or missile applied sciences. He additionally signaled Tehran would preserve management of the Hormuz strait.

“They’re having an incredible downside getting together with one another,” Trump stated Friday. There are “two to 3 teams, possibly 4, and it’s a really disjointed management.”

Right here’s extra on the conflict:

  • Iran activated air defenses round capital Tehran late on Thursday to counter reconnaissance drones. It’s unclear what led to the activation.
  • US Protection Secretary Pete Hegseth sparred with lawmakers on Thursday. Democrats say the Pentagon is underestimating the price of the battle, with one saying the $25 billion determine it gave this week was “most likely lower than half, possibly lower than 1 / 4, of the overall value of conflict.”
  • Trump invited Iraq’s prime minister nominee to go to Washington after he varieties a brand new authorities, because the US seeks to restrict Iran’s affect on the Arab nation.
  • Indicators of pressure on the Iranian financial system have emerged in latest days, with the foreign money weakening to a recent low.
  • The US is pitching allies on a joint naval drive to safe the Strait of Hormuz. New Zealand stated it had obtained the proposal however would solely assist a US-led coalition if a sustainable ceasefire was in place.




Generated by readers, the feedback included herein don’t mirror the views and opinions of Rigzone. All feedback are topic to editorial assessment. Off-topic, inappropriate or insulting feedback will likely be eliminated.





Supply hyperlink

You Might Also Like

EU Points New $704MM Funding Name for Cross-Border Vitality Initiatives

JERA Posts Increased Annual Revenue

North America Goes Again to Dropping Rigs

Qatar Extends Power Majeure on LNG Provide

Occidental COO Jackson to Change CEO Hollub

Editorial Team May 4, 2026
Share this Article
Facebook Twitter Email Print
Previous Article EU Points New 4MM Funding Name for Cross-Border Vitality Initiatives EU Points New $704MM Funding Name for Cross-Border Vitality Initiatives
about us

Pipeline Pulse magazine is a preeminent digital publication in the petroleum industry, with a strong presence in the Middle East. Our esteemed digital publication is dedicated to providing cutting-edge insights on the international oil and gas industry, offering critical analysis of pressing issues and events, along with practical technology for designing, operating, and maintaining oil and gas operations.

Topics

  • Oil
  • Gas
  • Refining & Processing
  • Featured
  • Pipelines
  • Exploration
  • Drilling

Quick Links

  • About Us
  • Advertising Solutions
  • Privacy
  • Terms of Service
  • Podcast

Find Us on Socials

Copyright © Pipeline Pulse™ , All right reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Loading
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?