TLDR: Brent crude rose 4.6% to $95.16 a barrel, marking its highest point in six weeks. US carried out an eleventh consecutive night of strikes against Iran overnight. Houthi forces threatened a naval blockade on Saudi Arabian ports amid rising tensions. Tankers are slowing approaches to Bab El-Mandeb Strait as Red Sea risks continue to
Oil Price Surges to $95 as US-Iran Conflict Escalates Read More »
Published July 22, 2026 8:29am Updated July 22, 2026 9:06am Add GMA on Google Make this your preferred source to get more updates from this publisher on Google. Transport group MANIBELA began its two-day transport strike on Wednesday to oppose the mega oil price hike that took effect Tuesday. Around 100 members of the group
MANIBELA starts 2-day transport strike vs mega oil price hike Read More »
MANILA, Philippines — Transport group MANIBELA on Tuesday announced that it will hold a transport strike on July 22-23 amid the latest oil price hike. In a press conference, MANIBELA chairperson Mar Valbuena said the strike could possibly extend until July 24. The group specifically called on the Department of Energy to look and hold
MANIBELA to hold transport strike on July 22-23 Read More »
Home Market News Sensex Today | Stock Market LIVE Updates: GIFT Nifty trades lower; Brent remains below $89 Sensex Today | Stock Market LIVE Updates: Nifty bulls aim to protect the 24,000-24,200 zone despite crude oil prices. HDFC Bank and Axis Bank fell, but ICICI Bank and Bharti Airtel offset losses. Nifty Bank protected 57,500.
By Irina Slav – Jul 20, 2026, 7:00 PM CDT Oil prices continue to climb as renewed Middle East hostilities disrupt Strait of Hormuz traffic, while global crude and fuel inventories continue to shrink. Fuel markets are even tighter than crude markets, with damaged refineries in the Middle East and Russia pushing gasoline and diesel
Higher-For-Longer Oil Scenario Is Here To Stay Read More »
Home Market News Dow Jones falls nearly 600 points from highs on Monday courtesy two potential factors Fears of higher oil prices and inflation worries took the US 10-year bond yield back to the 4.6% mark, while the US Dollar index is back at the 101 level. This also prompted the US markets to give
Dow Jones falls nearly 600 points from highs on Monday courtesy two potential factors Read More »
Oil prices rose Monday after President Donald Trump said Iran would pay for the deaths of three U.S. service members, and Houthi militants in Yemen declared a maritime embargo on Saudi Arabia. Brent crude futures, the international benchmark, gained about 1.3% to close at $89.22 per barrel. U.S. West Texas Intermediate crude futures advanced 0.9%
Oil prices edge higher after Trump says Iran will pay for killing U.S. service members Read More »
For months, equity markets have been able to treat higher oil prices, higher government bond yields and vast AI costs “as separate problems arriving on different days”, said Stephen Innes on Investing.com. But Wall Street is now finally on “the collision course it had spent weeks pretending would never happen”. The catalyst was the Strait
Middle East re-escalation: worrying implications for investors – and Andy Burnham Read More »
Iranian missile and drone strikes hit a power generation and water desalination facility in Kuwait on July 17 and 18, 2026, damaging multiple power units and triggering a fire, according to Kuwait’s Ministry of Electricity, Water and Renewable Energy. The ministry confirmed that repair crews were deployed immediately. Kuwait sources roughly 90% of its drinking
Iran strikes Kuwait desalination plants as Strait of Hormuz conflict deepens Read More »
Oil drilling rigs Oil prices surged at Friday’s close, posting broad weekly gains as escalating exchanges of attacks between the US and Iran, continued disruptions to shipping through the Strait of Hormuz, and growing concerns that risks could spread to the Red Sea lifted the market. The military confrontation between the US and Iran has
Oil prices rise, post 16% weekly gain Read More »
