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News
Oil Prices Surge On Supply Risk, Brent Crude Rises 8% In 5 Days
1+ day, 1+ hour ago (526+ words) Oil prices rose more than 8% week-on-week as attacks on tankers and energy facilities in the Middle East raised concerns over extended supply disruptions. International benchmark Brent crude futures for November delivery traded at $104.09 per barrel on Friday, up 8.1% from last…...
Wall St. Down, European Stocks Take Steeper Hit From Energy Cost Surge
4+ day, 3+ hour ago (374+ words) Wall Street closed lower yesterday, with the S&P 500 down 0.48%, the NASDAQ down 0.64%, and the Dow Jones down 0.77%, as higher Treasury yields compounded the pressure. Europe suffered steeper losses as energy costs threatened demand and reinforced expectations for tighter policy…...
European Markets Mixed As Uncertainty Dampens Risk Appetite
6+ day, 1+ hour ago (254+ words) European markets delivered mixed performance as political uncertainties and geopolitical pressure constrained risk appetite ahead of the European Central Bank decision later this week. Elevated oil prices continue to keep inflation and interest rate risks at the centre of markets…...
Oil Prices Rise 8% As US-Iran Tensions Heighten Energy Risk
1+ week, 2+ day ago (737+ words) Oil prices end the week higher on Friday as renewed military tensions between the US and Iran and persistent security risks in the Strait of Hormuz revived concerns over disruptions to global energy supplies. International benchmark Brent crude futures for…...
Pakistan Remains Hopeful For U.S.-Iran Dialogue Amid Escalating Tensions
1+ week, 5+ day ago (138+ words) Pakistan remains hopeful for a diplomatic resolution despite recent escalations between the United States and Iran. Speaking at a weekly press briefing, Andrabi said Pakistan would continue its efforts to promote dialogue and diplomacy between the two sides. He also…...
Oil Prices Dip On Fed Rates Uncertainty, Canada Tariff Retaliation
3+ week, 4+ hour ago (543+ words) Oil prices fell on Monday as escalating economic tensions between the US and Iran, renewed US-Canada trade friction, and uncertainty over the Federal Reserve’s (Fed) monetary policy outlook weighed on market sentiment. International benchmark Brent crude futures for November delivery…...
Iranian Oil Export Receipts Fall To Zero, Central Bank Says
3+ week, 3+ day ago (481+ words) Iranian oil exports have fallen to zero amid the war and sanctions, the governor of Iran’s Central Bank said, noting that the authorities had made preparations to manage the resulting loss of revenue. “There is no doubt that we face…...
Oil Prices Jump As Iran Vows To Keep Strait Of Hormuz Closed
3+ week, 5+ day ago (419+ words) Oil prices rose Wednesday as Iran’s decision to keep the Strait of Hormuz closed heightened concerns over global supplies, while a decline in US crude inventories provided additional support. Brent crude futures for October delivery traded at $91.72 per barrel, up…...