October WTI crude oil (CLV26 ) closed up +0.79 (+0.88%) on Wednesday, and October RBOB gasoline (RBV26 ) closed down -0.0313 (-1.00%). Crude oil and gasoline prices settled mixed on Wednesday, with crude oil posting a fresh 6-week high.

John Kilduff, Again Capital founding partner, joins 'Squawk Box' to discuss the latest oil price trends, impact of Iran war on oil prices, details of the U.S.-Venezuela oil deal, and more.

Washington is putting greater military pressure on Iran’s ability to threaten shipping as the conflict enters a dangerous new phase.

U.S. Energy Secretary Chris Wright raised eyebrows in energy markets Wednesday when he said more oil exports left the Middle East on Monday—between the Strait of Hormuz and alternative routes—than before the beginning of the Iran war.

Oil prices declined Thursday as Trump indicated brief Iran strikes, calming supply concerns. Brent fell 1.5%, WTI dropped 1.4% following three-day gains.

US-Iran tensions escalate, pushing oil prices higher. Crude oil reaching a new all-time high by September 30 at 1.9% YES, and by December 31 at 12% YES.

The U.S. military targeted two Iranian tankers on Tuesday as hostilities around the Strait of Hormuz escalate again.

Sound familiar? A pause in fighting between the United States and Iran has given oil traders hope that a diplomatic resolution could restart the flow of oil traffic out of the Middle East.

Iran’s oil shipments to Asia have all but dried up, driving the cost of those cargoes to the highest levels in years even before the US administration announces fresh moves to isolate Tehran and its trading partners.

The oil experiment in Venezuela is about to be tested. If it works, and new oil revenue benefits both countries, could Iran be next?

By Scott DiSavino NEW YORK, Sept 1 (Reuters) - Oil prices jumped about 4% to a one-week high on Tuesday as a resumption in fighting between the U.S. and Iran renewed fears of supply disruptions from the Middle East.