Goldman Sachs has lowered its oil price forecasts after the emerging US-Iran peace agreement increased expectations that energy exports through the Strait of Hormuz will return to normal more quickly
Oil prices fell to their lowest level in three months
Oil prices fell to their lowest level in three months on Monday after the United States and Iran finalised a memorandum of understanding aimed at restoring shipping through the Strait
UK Drivers Could See Cheaper Fuel as Oil Prices Slide
British motorists may soon benefit from lower petrol and diesel prices after crude oil fell to its lowest level in three months amid hopes of a diplomatic breakthrough between the
FTSE 100 Ends Marginally Higher as Markets Digest Middle East Developments
London stocks finished little changed on Monday after a volatile trading session, with investors balancing geopolitical concerns against a recovery on Wall Street.
Oil Jumps as Israel Launches Fresh Strikes on Iran
Oil prices surged on Monday after Israel confirmed it had carried out military strikes against targets inside Iran, reigniting concerns over the stability of the Middle East and the future
Iran crisis sparks £3,000 mortgage shock for homeowners
Hundreds of thousands of homeowners are facing a fresh mortgage squeeze as higher borrowing costs linked to the Iran conflict threaten to add more than £3,000 a year to household
Trump says US will lift naval blockade on Iran
Markets reacted positively after US President Donald Trump signalled that the US naval blockade of Iran would be lifted, raising hopes that a formal peace agreement could be imminent and
Oil heads for biggest monthly fall since Iran conflict began
Oil prices are heading for their largest monthly decline since the outbreak of the Iran conflict as investors increasingly bet on a diplomatic breakthrough between Washington and Tehran that could
UK petrol prices near highest level since 2022
Petrol prices in the UK have climbed to within 1p of their highest level since December 2022 as tensions in the Middle East continue to drive oil prices higher.
Norway has confirmed plans to revive three dormant North Sea gas fields
Norway has confirmed plans to revive three dormant North Sea gas fields, marking the first reopening of mothballed offshore fields in the region in nearly 30 years as Europe seeks
FTSE 100 slides as rising oil prices weigh on markets
UK equities came under sustained pressure, with the FTSE 100 falling sharply as escalating tensions in the Iran conflict drove a surge in energy prices.
Trump escalates Iran stance, warns he’s “no more Mr Nice Guy”
Oil prices pushed higher on renewed geopolitical tensions, with crude breaching $115 after Donald Trump escalated rhetoric over Iran.