Oil Market 28 February 2026 - 3 March 2026

DMLP Stock Slips Near Highs as Oil Prices Drop — What Dorchester Minerals Investors Need to Watch Now
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DMLP Stock Slips Near Highs as Oil Prices Drop — What Dorchester Minerals Investors Need to Watch Now

Dorchester Minerals L.P. units fell in Wednesday morning trading, easing with other oil-linked income names as crude prices dropped more than 2% despite continuing concern over tight supply. DMLP was down 25 cents at $28.55 on Nasdaq, a decline of about 0.9%, with volume of roughly 43,500 units. The stock traded between $28.55 and $28.90 in the session, giving the Dallas-based partnership a market value of about $1.38 billion.
May 20, 2026
Strait of Hormuz closure pushes oil above $80 and gas to a 3-year high as Iran attacks snarl shipping
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Strait of Hormuz closure pushes oil above $80 and gas to a 3-year high as Iran attacks snarl shipping

Brent crude climbed more than $3 on Tuesday, pushing its three-day rally further as the U.S.-Israeli conflict with Iran ramped up and new threats to shipping in the Strait of Hormuz stoked concerns over potential supply hits. As of 0745 GMT, Brent was trading at $80.89 a barrel; U.S. West Texas Intermediate stood at $73.78, according to Reuters. The Strait of Hormuz—wedged between Iran and Oman—handles roughly a fifth of the world’s oil flows, plus hefty gas shipments. After tanker attacks, vessel traffic has plunged. “Traffic is down at least 80 percent,” Michelle Bockmann, senior maritime intelligence analyst at Windward, told Al Jazeera.
March 3, 2026