Author name: David Ryabchikov

Oil Prices Drops After Iran-U.S. Peace Talks Stall in Qatar

Oil Prices Drops After Iran-U.S. Peace Talks Stall in Qatar

TLDR Oil prices dipped on Wednesday as U.S. and Iranian officials held separate talks with mediators in Qatar Iran refused direct talks with U.S. envoys, clouding prospects for a lasting peace deal Brent crude fell roughly 38% in Q2, its steepest quarterly drop since early 2020 U.S. crude production hit a record 13.93 million barrels

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Trump Threatens Iran Annihilation as Oil Price Staggers Toward Doha Talks

Trump Threatens Iran Annihilation as Oil Price Staggers Toward Doha Talks

Oil clawed back above $70 a barrel on Monday, June 29, after a new round of US-Iran strikes over the Strait of Hormuz rattled energy markets over the weekend. This is despite both sides agreeing to stand down and return to the negotiating table. West Texas Intermediate futures rose 1.3% to $70.17. Brent climbed to

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Oil prices rise as US, Iranian strikes threaten Strait of Hormuz reopening

Oil prices rise as US, Iranian strikes threaten Strait of Hormuz reopening

Brent crude edges up as tit-for-tat strikes hinder return to normality in key waterway. Oil prices have climbed following the latest flare-up in hostilities between the United States and Iran. Brent crude, the primary international benchmark, rose about 0.9 percent on Monday after tit-for-tat US and Iranian strikes over the weekend renewed doubts about a

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Airfares may get cheaper in July as fuel surcharge hits new low

Airfares may get cheaper in July as fuel surcharge hits new low

Stock image of an airplane Image by Johannes Kirchherr from Pixabay MANILA, Philippines — Travelers may pay lower airfares in July after the Civil Aeronautics Board (CAB) reduced the fuel surcharge collected by airlines to its lowest level since oil prices surged amid tensions in the Middle East. In an advisory dated June 26, the

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Iran Insists On Right To Control Shipping In Strait Of Hormuz After Ship Hit Near Oman

Iran Insists On Right To Control Shipping In Strait Of Hormuz After Ship Hit Near Oman

DUBAI/LONDON, June 26 (Reuters) – Iran reasserted its right on Friday to control shipping in the Strait of Hormuz and warned Gulf states against siding with the U.S., a day after an attack on a ship near Oman highlighted the fragility of a preliminary deal to end the Iran war. Tehran was responding to what

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