Tag: oil

Global oil demand set for historic drop in 2026 amid Middle East tensions

Global oil demand is expected to decline sharply in 2026, as escalating tensions in the Middle East disrupt supply and weigh on consumption. In...

Oil climbs back above $100 amid tensions around Iran

The oil market is on the rise again. The barrel of West Texas Intermediate moved back above the symbolic $100 mark on Sunday evening,...

US vows swift reopening of Strait of Hormuz amid rising tensions with Iran

US President Donald Trump said the Strait of Hormuz would be “opened soon”, as maritime traffic remains restricted due to escalating tensions with Iran. Speaking...

Global Markets React as Inflation and Commodities Drive Volatility

Global financial markets continue to experience volatility as investors react to shifting inflation data and fluctuations in key commodity prices. Recent economic indicators suggest...

Global markets rally on United States–Iran ceasefire

A wave of relief swept across global financial markets on Wednesday, following the announcement of a two-week ceasefire between the United States and Iran....

Middle East easing: oil falls below $100, Asian markets surge

Global financial markets reacted positively to easing tensions in the Middle East. Oil prices dropped sharply on Wednesday, falling back below the $100 mark,...

Donald Trump issues ultimatum to Iran, warns of escalation

U.S. President Donald Trump on Tuesday escalated his warnings toward Iran, just hours before the deadline of an ultimatum linked to the reopening of...

Oil prices stay above $110 amid Middle East tensions

Oil prices remain above the $110 per barrel threshold, supported by ongoing geopolitical tensions in the Middle East. In this uncertain environment, Asian markets...

Oil surges above $100 as Asian markets slide amid Middle East tensions

Asian stock markets opened sharply lower on Monday, weighed down by a renewed surge in oil prices, with the U.S. benchmark climbing back above...

United States: TotalEnergies secures nearly $1 billion after offshore wind project withdrawal

The government of the United States and French energy group TotalEnergies announced an agreement under which the company will receive close to $1 billion...

Iran–U.S. Tensions: Asian Markets Drop Amid Oil Surge

Major Asian stock markets fell sharply Monday morning, dragged down by rising oil prices amid escalating tensions between the United States and Iran. In Tokyo,...

Oil Market Shock: Middle East War Triggers Largest Disruption of Global Supply in History

The war in the Middle East, which has paralyzed the Strait of Hormuz and disrupted global oil transport, is causing the largest disruption of...

US temporarily allows sale of Russian oil cargoes stored at sea

The United States has announced a temporary authorization allowing the sale of Russian oil currently stored aboard tankers. The move aims to ease pressure...