May WTI crude oil (CLK26) on Tuesday closed down -1.50 (-1.46%), and May RBOB gasoline (RBK26) closed down -0.0559 (-1.71%). Crude oil and gasoline prices gave up an early advance on Tuesday and settled sharply lower on hopes that the war in Iran is near an end. Crude prices initially rallied sharply to a […]
Crude Oil Prices Retreat on Hopes the Iran War is Near an End Read More »
JAKARTA — As the U.S.-Israel war on Iran drives oil prices above $100 a barrel and disrupts global supply routes, Indonesia is once again confronting the costs of its dependence on fossil fuels — with growing calls not only to accelerate its renewable energy adoption, but also to make oil and gas companies help pay
Oil surge sharpens calls for Indonesia to shift away from fossil fuels Read More »
Global oil prices are on track to record their strongest monthly gain ever as US President Donald Trump indicated he is considering an exit from the war in Iran, even as hostilities continued to disrupt supplies in the Arabian Gulf. Brent crude for May delivery traded near $119 a barrel, positioned for a record jump
Brent crude eyes 60% March surge as Trump considers ending military campaign Read More »
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South Africa Joins Namibia In Cutting Fuel Taxes, Says It Will Lose R6 Billion To Protect Customers South Africa has followed Namibia’s lead by slashing fuel taxes for one month in a dramatic R6 billion (approximately US$324 million) move to shield motorists from soaring global oil prices… https://iharare.com/sa-joins-namibia-in-cutting-fuel-taxes-braces-for-r6-billion-hit-to-protect-consumers/
SA Joins Namibia In Cutting Fuel Taxes, Braces For R6 Billion Hit To Protect Consumers Read More »
The dollar index (DXY00) rose to a 1-week high on Friday and finished up by +0.27%. The dollar moved higher on Friday as the risk of a protracted Iran war boosts safe-haven demand for the dollar. Also, Friday’s +5% rally in crude oil prices is pushing inflation expectations higher, potentially forcing the Fed to keep
Dollar Advances as Iran War Rages Read More »
USPS and United Airlines. Joe Raedle | Grace Hie Yoon | Anadolu | Getty Images As the U.S.-Iran war enters its fifth week, consumers are facing economic consequences that impact everything from travel planning to mail delivery. Companies and other organizations are increasingly preparing for an environment in which the conflict — and subsequent jolt
New fees, fewer flights: Higher fuel prices pinch consumer budgets beyond the gas pump Read More »
Summer travel will be more expensive and some airlines could go out of business as the war in Iran continues to drive oil prices up. Airlines across the world have been grappling with higher jet fuel prices since the U.S. and Israel began bombing Iran late last month. Customers are already facing higher fares. United
As oil prices rise, airfares are surging and some airlines might not survive Read More »
Pharma Export Earnings at Risk as Middle-East Tensions Escalate – MAN Nigeria’s chemical and pharmaceutical manufacturers face the highest risk from the ongoing US–Israel–Iran conflict, the Manufacturers Association of Nigeria (MAN) has warned, citing their heavy exposure to global oil price shocks and export dependence on the United States market. In a position paper made
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Updated on: March 27, 2026 / 4:45 PM EDT / CBS News Add CBS News on Google The Dow Jones Industrial Average entered correction territory Friday after five straight weeks of losses, as investors worry the Iran war could lead to a long-term disruption of Persian Gulf energy supplies and fuel a new wave of
Dow Jones index enters correction territory after five weeks of losses Read More »
