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Oil price skyrockets as May’s petrol price deadline looms

Oil price skyrockets as May’s petrol price deadline looms

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Global energy markets remain under sustained pressure as continued disruption in the Strait of Hormuz keeps one of the world’s most strategically important oil transit routes unstable, despite intermittent diplomatic efforts to ease tensions. The strait, which normally carries around 20% of global oil and gas shipments, remains heavily constrained by ongoing military enforcement and […]

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Oil prices extend multi-day rally as Trump issues new threat to Iran; Brent tops $114 per barrel

Oil prices extend multi-day rally as Trump issues new threat to Iran; Brent tops $114 per barrel

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The Ateela 2 Oil Tanker boat navigates the sea on April 28, 2026 on Qeshm Island, Iran in the Strait of Hormuz. Asghar Besharati | Getty Images Oil prices jumped more than 6% Wednesday, after President Donald Trump said he will maintain the U.S. naval blockade against Iran until they agreed to a nuclear deal.

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Iran Israel War Live Updates: Ceasefire in Iran and Lebanon must hold through diplomacy, says EU chief

Iran Israel War Live Updates: Ceasefire in Iran and Lebanon must hold through diplomacy, says EU chief

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You don’t have permission to access “http://www.firstpost.com/world/iran-israel-war-live-updates-uae-leave-opec-ceasefire-oil-crisis-liveblog-liveblog-14005473.html” on this server. Reference #18.3cfc733e.1777457143.985b2f9 https://errors.edgesuite.net/18.3cfc733e.1777457143.985b2f9 https://www.firstpost.com/world/iran-israel-war-live-updates-uae-leave-opec-ceasefire-oil-crisis-liveblog-liveblog-14005473.html

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As US-Iran talks remain ‘stalled’, experts warn of ‘long-term disruptions’

As US-Iran talks remain ‘stalled’, experts warn of ‘long-term disruptions’

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With the United States-Israeli war on Iran entering its 60th day, experts warn that there is no end in sight, as negotiations continue to be “stalled” amid soaring oil prices and inflation. The US and Israel launched their attack on Iran on February 28. Tehran retaliated by closing off the Strait of Hormuz, the narrow

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Stocks Pressured by AI Fears and Soaring Crude Oil Prices

Stocks Pressured by AI Fears and Soaring Crude Oil Prices

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The S&P 500 Index ($SPX) (SPY) today is down -0.38%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.25%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.78%.  June E-mini S&P futures (ESM26) are down -0.44%, and June E-mini Nasdaq futures (NQM26) are down -0.83%. Stock indexes are mostly lower today, led by losses in technology stocks

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Dollar Advances as Stocks Slip and Crude Prices Surge

Dollar Advances as Stocks Slip and Crude Prices Surge

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The dollar index (DXY00) on Tuesday rose by +0.15%.  Tuesday’s stock slump boosted liquidity demand for the dollar. Also, higher crude oil prices on Tuesday increased inflation expectations, a hawkish factor for Fed policy, and a positive factor for the dollar.  The dollar maintained its gains after the Conference Board US Apr consumer confidence index unexpectedly

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BP profits more than double, beating expectations as Iran war boosts oil prices

BP profits more than double, beating expectations as Iran war boosts oil prices

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The BP refinery in Lingen, Germany (aerial view with a drone). Picture Alliance | Picture Alliance | Getty Images British energy major BP on Tuesday reported that first-quarter profits more than doubled from a year ago, following a surge in oil and gas prices driven by the Middle East conflict. The oil giant posted underlying

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