Home World News US-Iran War Live Updates: UK minister urges Lebanon ceasefire, warns of humanitarian crisis US to blockade all maritime traffic to and from Iranian ports from April 13, CENTCOM says transit to non Iranian ports will continue, oil prices jump over 7 percent Iran has warned that it would retaliate to any attacks […]
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Goldman Sachs reported strong first-quarter earnings on Monday, propelled by increased merger advisory fees as it warned of greater volatility amid geopolitical complexity. The New York-based investment bank scored an 18 percent jump in quarterly profit to $5.4 billion, citing a “significant increase in completed mergers and acquisitions volumes.” Revenues rose 14 per cent to
Merger Fees Lift Goldman Sachs Profits, Warns Of Volatility Read More »
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Oil prices spiked back over $100 a barrel as the markets reacted to Donald Trump’s blockade preventing access to the Strait of Hormuz for Iranian bound ships. In a Truth Social post this morning, the US President confirmed that Washington will begin the blockade on Monday at 3pm UK time, following his initial announcement on
Keir Starmer hit out at Donald Trump’s blockade plan today insisting the Strait of Hormuz must be ‘open, not shut’. The PM confirmed that the UK will not be playing any part in the US President’s latest move as he voiced ‘concern’ about the impact on the economy. Brent Crude is trading above $100 a
In parched southern Texas, a yearslong drought has depleted Corpus Christi’s water reserves so gravely that the city is scrambling to prevent a shortage that could force painful cutbacks for residents and hobble the refineries and petrochemical plants in a major energy port. Experts said the city didn’t expect such a bad drought, and new
Oil drilling rigs Oil prices rose on Friday, but both benchmark contracts are down about 11% so far this week, marking the steepest weekly decline since June 2025. June futures for Brent crude rose 0.95%, or 99 cents, to $96.91 per barrel as of 09:00 a.m. Makkah time. May futures for WTI crude climbed 0.8%,
Oil rises, set for steepest weekly loss since June 2025 Read More »
A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas. Richard Carson | Reuters Oil prices traded higher on Friday amid persistent tensions around the Strait of Hormuz, with the vital shipping lane still largely closed despite a ceasefire
A general view of Navigator Terminals, an Oil storage depot along the River Thames on March 10, 2026 in London, England. Dan Kitwood | Getty Images News | Getty Images The fluctuating price of dated Brent, the global benchmark for real-world barrels of crude, has prompted energy analysts warn to that acute stress in the
What this real-world oil price says about the level of stress in the energy market Read More »
