11 Jun Energy news, commentary and analysis 11/06/26, U.S.-Iran peace deal remains far off
(Oilandgaspress) Geopolitical tensions continues to disrupt shipping routes, and crude and refined product prices. U.S. forces attacked sites near the strait, while Iran launched a drone strike on the U.S. Fifth Fleet in Bahrain in response, state-run IRIB reported. U.S. forces also disabled the Palau-flagged M/T Settebello oil tanker in the Gulf of Oman, U.S. Central Command said in a post on X.
| Oil and Gas Blends | Units | Oil Price | Notes |
| Crude Oil (WTI) Oilprice | US$/bbl | $89.66 | Up |
| Crude Oil (Brent) | US$/bbl | $92.55 | Up |
| Bonny Light 29/05/26 CBN | US$/bbl | $98.44 | — |
| Dubai | US$/bbl | $89.39 | Down |
| Natural Gas | US$/MMBtu | $3.15 | — |
| Murban | US$/bbl | $89.99 | Up |
| OPEC basket 10/06/26 OPEC | US$/bbl | $97.18 | Down |
| At press time June 11, 2026 |
Petrobras has reportedly agreed to acquire a 50% interest in the offshore Itaimbezinho exploration block in Brazil’s Campos basin from Equinor, expanding its presence in one of the country’s most active offshore regions.
Upon completion of the transaction, Equinor will retain a 50% interest and continue as operator of the block. The consortium will also include Pré-Sal Petróleo S.A. (PPSA), which manages Brazil’s production-sharing agreements.
Petrobras said the acquisition strengthens its exploration portfolio while creating operational synergies with neighboring assets in the Campos basin, where the company already partners with Equinor on projects including the Raia development and the Jasper exploration license.
The company described the transaction as consistent with its long-term strategy of replenishing oil and gas reserves through exploration opportunities and strategic partnerships.. Related News
Touchstone Exploration Inc. announces the closing of its previously announced integrated fundraise on the terms previously disclosed in the Company’s news release dated June 8, 2026.
The aggregate 26,631,330 new common shares of no par value issued in connection with the integrated fundraise have received conditional approval for listing and trading on the Toronto Stock Exchange and have been admitted to trading on the AIM market of the London Stock Exchange.
In addition, the Company has issued unsecured non-convertible debt securities (the “Debt Securities”) with an aggregate principal amount of approximately US$8.4 million to Purebond Limited (“Purebond”) as part of the integrated fundraise. Related News
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