World shares and U.S. futures retreated on Thursday as oil prices jumped more than 2% following a report by Iran’s state television that seven oil tankers caught fire and were damaged in the Strait of Hormuz. If the report is verified, it would be the largest number of vessels damaged in the waterway in a
World shares retreat as report of damage to oil tankers pushes oil prices higher Read More »
War-induced spikes in oil prices and the arrival of artificial intelligence are widening the economic gap between rich and poor countries, according to the International Monetary Fund’s October report on the world economy. Poorer countries that import most of their fossil fuels have suffered the worst consequences of the United States’ and Israel’s war on
Soaring oil prices underscore the need to help poor countries adopt renewables Read More »
LAGOS, Nigeria — Global crude oil prices rose above $111 per barrel on Thursday, October 22, 2026, after Iran claimed that seven vessels had been hit in separate…… https://www.kanyidaily.com/2026/10/oil-tops-111-as-iran-claims-attacks-on-seven-vessels-near-hormuz.html
Oil tops $111 as Iran claims attacks on seven vessels near Hormuz Read More »
