Oil prices have surged back above $100 per barrel after Donald Trump announced a blockade of the Strait of Hormuz, sharply escalating tensions in global energy markets.
The US will start a blockade of the Strait of Hormuz
The United States will begin a blockade of the Strait of Hormuz after peace talks with Iran collapsed, according to Donald Trump. Under the proposed measures, no vessels will be
Oil nears $100 as uncertainty lingers over Hormuz flows
Oil prices are once again approaching the $100 mark, reversing much of the sharp decline seen earlier in the week. On Wednesday, Brent crude briefly fell to around $91, but
Diesel tops 190p as oil prices remain elevated
UK fuel prices have continued to climb, with diesel now exceeding 190p per litre as higher oil costs feed through to consumers.
Oil plunges below $100 as ceasefire eases market tensions
Oil prices tumbled sharply after Donald Trump and Iran agreed to a two-week ceasefire, pausing more than a month of conflict and allowing the reopening of the Strait of Hormuz.
FTSE slips as markets brace for Trump’s Iran deadline
Britain’s FTSE 100 edged lower on Tuesday as investors positioned cautiously ahead of a key deadline set by Donald Trump in the Iran conflict.
Gulf states consider pipeline network to bypass Strait of Hormuz
The sustained closure of the Strait of Hormuz, now extending beyond four weeks, represents a critical inflexion point for global energy markets and geopolitical strategy. With more than 20 million
Oil prices reach six-month peak amid escalating tensions in the Middle East.
Oil prices have surged to a six-month high following reports that Israel is preparing for possible attacks from Iran.
Concerns Over Potential Supply Shortage Propel Oil Prices Over $90
Oil recently hit its highest point in five months as Israel gears up for possible retaliatory actions from Iran following its attack on the Iranian embassy in Syria.
Oil prices exceed $91 due to rising tensions in the Middle East.
Oil recently hit its highest point in five months as Israel gears up for possible retaliatory actions from Iran following its attack on the Iranian embassy in Syria.
Oil on Track for Biggest Weekly Increase in Three Months
Oil is poised for its most significant weekly rise since October, fueled by the ongoing Red Sea crisis and China’s economic stimulus measures, potentially boosting demand.
Traffic in the Suez Canal plummets following Houthi assaults.
Tanker traffic in the Suez Canal has dropped to levels not seen since the Covid pandemic, as Houthi attacks disrupt oil and petrol deliveries.