Synopsis New York Fed President John Williams said oil prices are likely to ease over the coming months despite renewed Middle East tensions, while stressing it is too early to signal the Federal Reserve’s next interest rate move. He reiterated that policymakers will remain guided by incoming economic data amid persistent inflation uncertainty. Listen to
The US carried out a new round of strikes in Iran targeting more than 80 sites and revoked a waiver allowing new sales of its oil, further imperiling a peace agreement after a series of attacks on ships in the Strait of Hormuz. American forces struck Iranian air defense systems, command and control networks, coastal
US strikes Iran again, blocks its oil sale and pushes oil price up to $76 a barrel Read More »
By Irina Slav – Jul 08, 2026, 12:58 AM CDT Crude oil prices moved higher today, extending gains from earlier this week after the United States and Iran exchanged military strikes again, following Iran’s attacks on three vessels off the Omani coast. The United States also canceled its sanction waiver for Iranian crude in response
Oil Prices Jump After Iran Attacks Commercial Vessels Read More »
Advertisement Oil Prices Jump 2% After Hormuz Tanker Attacks Global oil prices climbed more than 2% on Tuesday after attacks on commercial vessels near the Strait of Hormuz reignited fears of supply disruptions through one of the world’s most critical energy shipping routes. According to Oilprice.com, Brent crude futures rose to $74 per barrel, while
Oil Prices Jump 2% After Hormuz Tanker Attacks Read More »
Oil prices are at $67, the jobs data missed estimates with negative revisions, and mortgage rates are still near yearly highs. So, should the Federal Reserve still be super hawkish after this jobs report? Over the past two months, I’ve been focused on why the 10-year yield and mortgage rates might not drop as
Does this jobs report kill rate hikes for the rest of 2026? Read More »
The oil price fall deepened on Thursday as WTI crude slipped below $68 for the first time in 125 days. Meanwhile, Bitcoin (BTC) climbed more than 5% to levels above $61,500, and gold extended gains beyond $4,000. Recovering Saudi shipments through the reopened Strait of Hormuz have erased much of crude’s war premium. Prices had
Oil Extends Fall After Saudi Exports Surge: Why Are Bitcoin and Gold Rallying? Read More »
U.S. stocks are holding relatively steady after the latest update on the job market suggested the Federal Reserve may feel less pressure to hike interest rates. The S&P 500 rose 0.3% early Thursday. The Dow Jones Industrial Average added 258 points, and the Nasdaq composite was up 0.3%. Stocks got help from easing Treasury yields,
Global crude oil prices have declined to the $70 per barrel mark, raising fresh expectations among Nigerians that domestic petrol prices could soon be reviewed downward. The downward slide in crude prices continued on Thursday morning as the benchmark Brent crude slipped to $70 from $71 per barrel it closed on Wednesday. However, despite the
Crude Falls to $70 but Nigerian Marketers maintain N1,200 pump Price Read More »
Russia begins seaborne gasoline imports from India to ease shortages after Ukrainian attacks, planning 400,000 tons monthly, as Indian crude imports from Russia hit record highs By Reuters July 2, 2026, 11:14:27 AM IST (Published) 2 Min Read Russia has started seaborne imports of gasoline from India, two industry sources said on Wednesday, in an
Russia buys gasoline from India to tackle shortages, says report Read More »
Despite a noticeable decline in global crude oil prices, the Pakistani government is unlikely to pass on the full benefit to consumers through lower petrol prices in the upcoming fuel price review. Instead, authorities are expected to maintain current prices or offer only minimal relief while continuing to collect higher petroleum-related taxes and levies to
Govt Less Likely to Reduce Petrol Prices, Quietly Taxing them Despite Global Prices Fall Read More »
