LONDON, United Kingdom — Oil prices rallied and stock markets fell Tuesday as investors braced for further volatility after talks appeared to stall on ending the war in the Middle East and re-opening the Strait of Hormuz to tanker and cargo ship traffic.Iran’s chief negotiator said Tuesday that Washington must accept Tehran’s latest peace plan […]
Oil prices jump, stocks retreat on US-Iran deadlock Read More »
Satellite view of the Salalah oil storage fire in Oman. An Iranian drone strike on March 11 ignited the blaze, sending a plume over the Gulf of Oman’s strategic port amid the wider conflict with Iran. Imaged March 13, 2026. Gallo Images | Orbital Horizon | Copernicus Sentinel Data 2026 | Getty Images Oil prices
Oil prices extend gains as Trump comments diminish hopes for a U.S.-Iran peace deal Read More »
President Donald Trump on Monday said the ceasefire in the Middle East war was on “life support,” rejecting Iran’s latest counteroffer, which it said had included demands for the release of frozen assets and the end of a US blockade. The president’s reaction to Iran’s position — itself a response to a US proposal —
Trump rejects Iran’s counteroffer to end war, insists on ‘complete victory’ Read More »
Oil prices rose on Monday after US President Donald Trump dismissed Iran’s conditions for ending the ongoing Middle East conflict, raising fears of prolonged tensions and possible disruptions to global oil supply routes. Trump described Iran’s response to his latest peace proposal as “totally unacceptable,” increasing concerns over continued instability around the Strait of Hormuz.
Oil Prices Climb As Trump Rejects Iran’s Peace Terms Read More »
Customers refuel vehicles at a Saudi Aramco gas station in Santiago, Chile, on March 27. Cristobal Olivares/Bloomberg/Getty Images Saudi Aramco has reported a 26 percent jump in first-quarter profit thanks to higher oil prices, a positive sign for Saudi Arabia’s finances as the country grapples with damage to energy infrastructure and a knock to oil
Saudi’s Arabia’s oil giant gets boost from higher crude prices Read More »
Rano Air has announced the temporary suspension of some of its flight routes due to the sharp increase in aviation fuel prices and rising operational costs within Nigeria’s aviation industry. In a statement released on Friday, the airline said the cost of Jet A1 fuel has surged by more than 300 per cent, making operations
JUST IN: Nigerian Airline Suspends Some Flight Routes Over Rising Aviation Fuel Prices Read More »
By Tsvetana Paraskova – May 08, 2026, 5:30 AM CDT Global seaborne jet fuel exports crashed to a seasonal low in April as supplies remained trapped in the Middle East and Asian refiners slashed run rates amid lower crude availability, energy flows analytics firm Vortexa said in a report on Friday. Global seaborne exports of
Global Jet Fuel Exports Hit 10-Year Seasonal Low in April Read More »
Oil prices fell and global stock markets traded mixed Thursday awaiting an update on a US plan to end the Middle East war and reopen the Strait of Hormuz. After having plunged more than 10% at one point Wednesday on peace hopes, crude futures fell more than another 2%.The benchmark international oil contract Brent Crude
Oil prices drop awaiting Mideast peace progress Read More »
By Tsvetana Paraskova – May 07, 2026, 5:00 AM CDT Front-month Brent Crude futures dropped to below $100 per barrel again in morning trade in Europe on Thursday, reversing earlier gains, as the market hopes the U.S. and Iran could be able to reach an agreement that would eventually reopen the Strait of Hormuz. Following
Oil Prices Waver as Market Weighs Chances of U.S.-Iran Deal Read More »
We use cookies and data to Deliver and maintain Google services Track outages and protect against spam, fraud, and abuse Measure audience engagement and site statistics to understand how our services are used and enhance the quality of those services If you choose to “Accept all,” we will also use cookies and data to Develop
Why gasoline costs 52% more in the US than it did before the Iran war Read More »
