The United States has authorised the release of up to 400,000 barrels of crude oil from its Strategic Petroleum Reserve (SPR) to address a refinery supply disruption, as global oil
Oil prices surge above $111 as fresh Houthi attacks in Saudi Arabia
Global oil prices climbed above $111 a barrel on Thursday as renewed Houthi attacks in Saudi Arabia heightened concerns over an escalation of the Middle East conflict and further disruption
UK Faces Diesel Stockpile Pressure as Europe Weighs Emergency Release
Britain is facing increasing pressure over diesel security as European governments consider a major release from emergency fuel reserves in an attempt to ease record prices and head off the
Global markets surge as Trump hints at Iran deal
Global stock markets rallied after US President Donald Trump said Washington and Iran were in the “final stages” of negotiations to end the Middle East conflict.
UK’s economy is set to stall for the remainder of the year
Britain’s economy is set to stall for the remainder of the year, according to new forecasts from Morgan Stanley, which warned that the economic fallout from the Iran conflict could
Gold Set for New Highs as Middle East Conflict Reshapes Precious Metals Outlook
Gold is poised to reach record highs in 2026 despite recent price volatility, according to UBS strategist Joni Teves. The bank maintains its constructive outlook on precious metals, with the
Diesel tops $200 a barrel as Iran conflict drives surge
Europe’s benchmark diesel contract has climbed above $200 a barrel for the first time since Russia’s invasion of Ukraine, as the Iran conflict shows little sign of easing.
Global Oil Supply Crisis Deepens As Iran Conflict Accelerates Energy Market Shock
The world is confronting an unprecedented energy crisis as geopolitical tensions in the Middle East threaten to eliminate substantial portions of the global oil supply. The ongoing conflict has already
Wall Street opens higher as Trump signals fresh Iran talks
US equities opened higher on Monday after Donald Trump signalled “serious discussions” with Iranian leaders.
Oil surges above $116 as Middle East tensions escalate
Oil prices have climbed sharply, with Brent crude rising above $116 a barrel, its highest level in nearly two weeks, as the conflict in the Middle East intensifies.
Diesel hits highest level since 2022 as fuel costs surge
UK fuel prices have surged again, with diesel reaching its highest level since Christmas 2022 amid the ongoing Iran-driven energy shock.
UK fuel prices keep climbing as diesel surges
Fuel costs continue to rise across the UK, with diesel seeing the sharpest increases since the start of the Middle East conflict.