Interior Secretary Doug Burgum dismissed a report that the Trump administration “miscalculated” the impact its military operations against Iran would have on the global oil market. Since the U.S. and Israel launched strikes against Iran at the end of February, oil futures have fluctuated dramatically, spiking by almost 20 percent on Sunday evening before reversing…
Donald Trump’s war in the Middle East has left Britain on the brink of a new cost of living crisis as petrol, energy and mortgage bills rise. As oil prices soared close to $120 (£95) a barrel yesterday – before later slipping back below $90 – fears grew that beleaguered British households will pay a hefty
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Trump announces sanctions relief to ease oil prices, says Iran war to end ‘very soon’ Read More »
By Josh Owens – Mar 09, 2026, 9:26 PM CDT Oil prices tumbled in early Asian trade on Tuesday after surging to their highest levels since 2022 a day earlier. The drop was driven by comments from Trump that suggested the war with Iran may soon end, easing concerns about prolonged disruptions to global crude
Oil Prices Tumble After Trump Signals Iran War Could End Soon Read More »
Home Market News Dow Jones recovers 1,100 points from the lows to end higher; Oil falls on Trump war remarks Trump’s remarks triggered a fall in oil prices, which had surged as much as 27% on Monday. Brent now trades below the mark of $90 a barrel, nearly giving up everything that it gained on
Commentary Two pipelines owned by Saudi Arabia and United Arab Emirates may serve as temporary cushions and slow, though not stop, rising oil prices, says Javier Blas for Bloomberg Opinion. A map showing the Strait of Hormuz and Iran is seen behind a 3D printed oil pipeline in this illustration taken June 22, 2025. REUTERS/Dado Ruvic/Illustration
Commentary: The oil pipelines that could decide the Iran war Read More »
Economist Shamubeel Eaqub said there would be a wider inflation effect for New Zealand, beyond the increase in petrol prices that has already begun. Photo: Screengrab / Facebook New Zealand’s economy is on a “precipice”, one economist says, as the country faces increasing pressure as a result of war in Iran. The price of oil
NZ economy ‘on precipice’ as markets wobble, oil price rises Read More »
Petrol prices have surged to about ₦1,080 per litre in parts of Lagos amid ongoing tensions in the Middle East that have pushed crude oil prices higher in the international market. A market survey across several filling stations in Lagos on Saturday showed that the price of Premium Motor Spirit (PMS), popularly known as petrol,
Petrol hits ₦1,080 per litre in Lagos Read More »
This photographe shows prices at a petrol station in Istanbul on March 6, 2026 as fears have grown of a possible inflationary wave as war in the Middle East sends energy prices shooting upwards. — AFP pic (New users only) Unlock 5.5%* + 10%* p.a. promo rate for 3 months via Versa and enjoy FREE
Oil prices surge as Middle East war escalates as global stocks fall on weak US jobs data Read More »
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Oil surge sparks Treasury market’s worst weekly rout since ‘liberation day’ chaos Read More »
