Browsing Tag
Oil
19 posts
Iran blocks regional oil exports following United States airstrikes
Iran has halted oil exports through the Persian Gulf to protest U.S. airstrikes, while conflict intensifies between the Houthis and Saudi-backed forces.
Crude prices climb following new US strikes as global stock markets gain ground
Oil prices rose further on Tuesday after US strikes against Iran intensified regional tensions, while global stock markets staged a cautious recovery.
Oil Prices Surge to $79 Amid Rising US-Iran Conflict
Brent crude climbed to $79 per barrel as US-Iran hostilities disrupted markets, while Nigeria hit its highest production levels since 2020.
Nigeria records highest oil production in over six years
Nigeria has reached a 74-month production high of 1.56 million barrels per day, exceeding its OPEC target through improved security and stable operations.
Global Oil Costs Jump Following US-Iran Hostilities
Oil prices climbed following rising US-Iran tensions, while a tech-led selloff hit markets in South Korea and Japan as investors monitor upcoming corporate earnings.
Oil costs drop to pre-Iran conflict levels as shipping lanes reopen
Oil prices have returned to pre-conflict levels as commercial shipping lanes through the Strait of Hormuz begin to reopen following recent US-Iran negotiations.
United States Suspends Iranian Oil Sanctions Until August 2026
The US Treasury has paused sanctions on Iranian oil exports through August 2026, citing progress in maritime security negotiations and cooperation with nuclear inspectors.
Oil Prices Dip Amid US-Iran Talks; Sterling Stabilizes Following Starmer Resignation
Oil prices declined on positive US-Iran diplomacy, while British markets remained steady following Prime Minister Keir Starmer's announcement that he plans to resign.
Iran Sets New Requirements for Final Strait of Hormuz Talks
Iran's Foreign Minister Abbas Araghchi announced that the nation seeks oil export waivers and the release of frozen assets as prerequisites for concluding talks with the United States.