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Petrol price panic as Middle East tension flares
1+ day, 12+ hour ago (684+ words) Perth drivers have begun preparing for more pain at the bowser after global oil exports were threatened by Yemen rebels capturing an island at the entrance to the Red Sea, one of the world’s key shipping lanes. Only six months…...
Oil Tanker Rates Hit Record Highs as Middle East Shipping Risks Soar
4+ day, 10+ hour ago (373+ words) Oil tanker rates have jumped to record highs as escalating risks to shipping in and out of the Middle East are prompting traders and tanker operators to undertake inefficient and more expensive trade routes. While the crude oil supply is…...
US, Iran trade fresh strikes as Middle East tensions escalate - top developments
5+ day, 19+ hour ago (388+ words) The Middle East remains on edge as the United States and Iran trade fresh attacks. The US launched strikes on Iranian targets, describing them as a response to Tehran’s attempt to target a US warship with ballistic missiles. The Middle…...
Is Trump Pulling US Troops Out of the Middle East? Iran War Changes the Game | EXPLAINED
6+ day, 11+ hour ago (282+ words) Is President Donald Trump preparing to reduce the US military footprint in the Middle East after the Iran war?rnrnBehind the scenes, US military and intelligence officials are reportedly discussing possible cuts to troops and facilities. But there is no…...
Commodity Corner: Oil extends gains amid Middle East supply disruption fears; gold slips on rate hike bets- Moneycontrol.com
1+ week, 12+ hour ago (209+ words) Commodity markets traded mixed on September 7, with oil prices extending gains amid escalating US-Iran tensions and growing concerns over prolonged supply disruptions from the Middle East, while gold remained under pressure after stronger-than-expected US payrolls data. Oil prices extended gains…...
Trump planning 'something much bigger' as post-Iran war strategy for Middle East: Report
1+ week, 1+ day ago (474+ words) According to the sources, three main elements have been proposed as possible components of the strategy:Regional alignment: Building an alliance among US allies in the Gulf to contain Iran, with......
Energy Prices May Remain Elevated Amid New Middle East Dynamics
1+ week, 3+ day ago (67+ words) The price of oil moved above $90 a barrel recently, and according to TD Asset Management's Humza Hussain, new dynamics in the Middle East conflict could keep energy prices higher for longer. - Changing dynamics in the Middle East conflict may keep…...
Huge oil price hike expected next week due to tensions in Middle East, Russia
1+ week, 3+ day ago (147+ words) MANILA, Philippines — Fuel prices are once again estimated to go up next week due to the recent tensions in the Middle East and in Russia, local oil industry sources said on Friday. They said that... Huge oil price hike expected…...
Asia gas jumps to highest since 2022 after Middle East flare-up- Moneycontrol.com
1+ week, 4+ day ago (240+ words) Liquefied natural gas prices in Asia rose to the highest in more than three years after hostilities between the US and Iran escalated, raising concerns over prolonged disruptions to flows through the Strait of Hormuz. Spot LNG climbed to $25.908 per…...
Oil prices rise on escalation in Middle East
1+ week, 4+ day ago (385+ words) LONDON, Sept 3 (Reuters) - Oil prices rose on Thursday after U.S. strikes on Iran and renewed Israeli threats against Tehran revived concerns about disruptions to Middle East supplies. Brent crude futures were up 59 cents, or 0.62%, at $96.22 a barrel by 1327 GMT while U....