U.S. Oil Inventories Shrink as Middle East Tensions Rise, Brent Prices Surge
In a stark reminder that Middle‑East conflict still reverberates across global markets, U.S. crude inventories fell sharply in t...
News About OIL PRICES
11 articles tagged OIL PRICES.
Rand Weakens as Iran-US Escalation Drives Oil Prices Higher
The South African rand slid 0.5 % in Thursday’s afternoon session, a fall that mirrors the rising tensions between Iran and the ...
Dollar Strengthens Amid Renewed U.S.-Iran Hostilities, Oil Prices Surge
On July 13 2026, the U.S. dollar surged against most major currencies, a move analysts tied to a fresh flare‑up between U.S. and...
US-Iran Escalation Drives Oil Prices Up 5% as IRGC Strikes U.S. Bases; Gold and Bitcoin Decline
Oil prices surged 5% on a day when the United States and Iran stepped into a new phase of military confrontation, sending shockwav...
Middle-East Oil Prices Collapse as Irans Sanctions Relief Spurs Surplus Supply
Physical crude cargoes are now trading at steep discounts worldwide, a shift that is reshaping global oil flows. The change follow...
Eurozone Growth Slowed by Middle East Oil Shock, ECB Estimates 0.4-Point Drag in 2026
When the war erupted in the Middle East in late February 2026, Brent crude surged past $120 a barrel, sending ripples through Euro...
Macquarie Cuts 2026-27 Brent Forecasts as Gulf Oil Supply Recovers Faster
A sudden lull in Gulf tensions has sent a ripple through global oil markets, prompting Macquarie Group Limited to slash its Brent ...
US-Iran Agreement to End Middle East Conflict Sparks Oil Price Drop
On 15 June 2026, a quiet triumph echoed across the Gulf as the United States and Iran announced a ceasefire that could reshape oil...
US-Iran Framework Deal to Reopen Strait of Hormuz Sparks Oil Market Shift
On 14 June 2026, a quiet ceasefire agreement between Washington and Tehran sent shockwaves through oil markets, lowering prices as...
Oil Prices Drop as Iran-US-Israel Agreement Signals End to Hormuz Blockade
On Friday, global markets surged as news of a fresh Iran‑U.S.‑Israel agreement hinted at a return to normal shipping through t...
US-Iran Peace Deal Triggers Global Market Rally and Oil Price Drop
A sudden calm in the Gulf sent shockwaves through global markets on 15 June 2026, when the United States and Iran announced a tent...