Author name: Siim

Oil prices surge above $100 as U.S. Navy to blockade Iran’s ports after peace talks fail

Oil prices surge above $100 as U.S. Navy to blockade Iran’s ports after peace talks fail

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Crude oil prices jumped on Monday as the U.S. Navy imposed a blockade on Iran’s ports after peace talks failed over the weekend. U.S. crude oil futures for May delivery jumped about 5% to $101.49 per barrel by 10:18 a.m. ET. International benchmark Brent for June delivery also advanced about 5% to $100.13. The Navy […]

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Five African currencies with the biggest declines amid Middle East war

Five African currencies with the biggest declines amid Middle East war

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The escalation of tensions between the United States and Iran sent global oil prices surging by more than 50 percent as of late March, triggering a wave of currency volatility across African markets. Egyptian pound Botswana Pula Uganda shillings Ghana cedi Tanzanian shillings At least 29 African currencies have weakened, according to a joint assessment

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Fuel Relief Soon! Petrol Prices in Pakistan Likely to Drop by Rs 80 Per Litre

Fuel Relief Soon! Petrol Prices in Pakistan Likely to Drop by Rs 80 Per Litre

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Pakistani consumers are expected to get major relief, with petrol and diesel prices potentially dropping by up to Rs 80 per litre in the coming days. The sharp decline in global oil prices following the recent ceasefire between Iran and the United States has created room for a significant reduction in local fuel rates. The

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Motorists warned as fuel price protests may impact major routes across country

Motorists warned as fuel price protests may impact major routes across country

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Motorists have been warned that a national fuel protest may bring commuting routes into Dublin and other major roads around the country to a standstill on Tuesday. The protest is being organised by local activists over spiralling diesel, petrol and home heating oil prices caused by the ongoing war in the Middle East. The Garda

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Ukraine Steps Up Drone Attacks on Russian Oil Infrastructure

Ukraine Steps Up Drone Attacks on Russian Oil Infrastructure

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By Charles Kennedy – Apr 06, 2026, 9:29 AM CDT The key Russian oil export terminal at Novorossiysk was on fire early on Monday following an overnight drone attack, as Ukraine intensifies strikes on Russia’s oil infrastructure to reduce its export capabilities amid surging oil prices.  The attack comes as another of Russia’s ports, Ust-Luga,

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Oil prices climb after Trump threatens Iran over Strait of Hormuz

Oil prices climb after Trump threatens Iran over Strait of Hormuz

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Gasoline prices are displayed at a Sunoco station in Brooklyn, New York, on March 31. Shannon Stapleton/Reuters Oil prices pushed higher Sunday after President Donald Trump threatened to strike Iranian energy facilities if the Strait of Hormuz is not reopened. Brent crude, the global benchmark, rose 1.4 percent to $110.60. US crude rose 1.8 percent

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