A nearly 50-day conflict involving Iran has severely impacted global oil markets, leading to the removal of over 500 million barrels and an estimated cost of $50 billion. This energy shock is expected to have long-lasting effects, particularly on Gulf producers.
An academic suggests that the ongoing Iran war will likely lead to continued volatility in global oil markets, potentially ending the era of cheap oil. The conflict is expected to have long-term implications for energy prices.
The International Monetary Fund has lowered its global growth forecast and issued a warning about a potential worldwide recession. This outlook is largely attributed to the escalating conflict in the Middle East and its impact on energy markets.
Vitol's trading strategy reportedly failed as the ongoing conflict involving Iran significantly disrupted oil markets. The market volatility caused by the conflict led to adverse outcomes for the company's trading positions.
An analysis discusses the strategic importance of the Strait of Hormuz, Iran's leverage over oil markets, and its potential to influence the US dollar and global markets, linking it to Washington's interest in Iranian oil.
Japan is reportedly weighing the release of approximately 20 days' worth of oil from its strategic reserves as early as May, a move prompted by ongoing uncertainty in global oil markets.
An oil crisis triggered by US-Israeli operations against Iran has highlighted global economic and energy security concerns, with discussions on potential revenue for Iran from the Strait of Hormuz. Brent crude oil prices have dropped following reports of an Iran war ceasefire.
Jim Cramer continued to draw a connection between Chevron (CVX) stock performance and the ongoing conflict in Iran, suggesting its impact on oil markets.
Analysis explores the reasons behind US crude oil prices flipping above Brent crude by the largest margin since 2009, indicating a significant shift in global oil markets.
US President Donald Trump has confirmed the dismissal of Attorney General Pam Bondi, reportedly due to his long-standing dissatisfaction with her handling of the Epstein files. Reports indicate she will be replaced by Deputy Attorney General Todd Blanche, following private discussions about her replacement.
The cost of living in the Netherlands increased by 2.7 percent in March compared to the previous year, primarily driven by elevated energy and fuel prices, according to Statistics Netherlands (CBS).
A senior Japanese official emphasized the need for a 'decisive' response to counter the yen's decline, leading to a strengthening of the currency and speculation about government intervention in crude oil markets.
President Trump has publicly reiterated his threat that 'Cuba is next' for US military action while speaking at a Saudi investment conference, as US-Cuba tensions continue to rise due to restricted oil shipments, prompting Cuba to seek the Vatican's help, amidst the island's latest internal crisis.
US President Donald Trump confirmed Iran allowed ten oil tankers to pass through the Strait of Hormuz as a 'gift,' with John Bolton suggesting the 'big present' is likely an oil-filled tanker. Trump also stated that taking control of Iranian oil, similar to Venezuela, is an option he is considering.
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The United Kingdom and France are set to chair talks to restore maritime navigation through the Strait of Hormuz, as gas prices rise and the Iran war dampens the Swedish economy, reflecting broader Middle East tensions impacting oil markets and European economies.
Brazil's government is working to prevent a trucker strike, which is threatened by rising diesel prices and fuel shortages exacerbated by the Iran war's impact on oil markets.
Global stock exchanges, including those in India, other Asian markets, and the US, saw significant gains and oil prices cooled after Donald Trump announced a halt to military strikes on Iran and indicated talks, easing geopolitical tensions.
The United States has reportedly eased sanctions on Iranian oil transported by ships, a development that could impact global oil markets and US-Iran relations.
Analysts warn that the economic consequences of the war in Iran, including a surge in energy prices, are beginning to be felt globally, driving inflation and increasing household bills in various countries, with energy experts forecasting more pain for consumers and businesses as the conflict shows no signs of easing.
An article explores the unexpected resilience of oil markets, questioning why prices have not surged higher despite what is described as the biggest energy supply shock ever.
The United States is reportedly turning to tankers linked to Iran to help move oil, an effort by the Donald Trump administration to address rising oil prices amidst the ongoing US-Israeli war on Iran.
The head of the International Energy Agency (IEA) stated that more oil stocks could be released if necessary, indicating a readiness to stabilize global oil markets amidst ongoing geopolitical tensions.
Canadian Prime Minister Mark Carney and Norway's Jonas Gahr Støre emphasized energy stability during talks in Oslo as the Middle East war impacts global oil markets. Canada announced it will release 23.6 million barrels following an International Energy Agency call for coordinated action, adding to the pressure on energy markets as the conflict triggers emergency oil measures and policymakers warn of an Iran oil shock.
Donald Trump's nominee for a top diplomatic post, Jeremy Carl, has withdrawn from consideration following growing bipartisan backlash over his past controversial race and Israel comments, marking a setback for Trump despite initial support.
Iran has rejected US President Trump's warnings about the safety of its team at the World Cup, with the team labeling the US as unfit to host the tournament. This follows Iran's shock announcement of its refusal to participate in the 2026 World Cup, escalating the geopolitical dispute into the realm of global athletics.
Many likely did not have oil crisis insurance, a fact highlighted as oil markets brace for lasting turmoil in the Gulf and prices fluctuate due to geopolitical events.
The war between the US, Israel, and Iran has intensified with heavy strikes on Iranian targets and regional expansion, leading to nearly 800,000 people displaced and a serious humanitarian emergency.
G7 leaders have announced the record release of 400 million barrels of oil in response to the war in the Middle East. This represents about twenty days worth of usual oil traffic through the Strait of Hormuz, currently through dangerous to go through due to the threat of Iranian strikes. This initiative aims 'to calm markets down', as FRANCE 24's Philip Turle explains.
A Norwegian expert states that the International Energy Agency's crisis measures indicate the severe nature of the current situation, likely referring to energy or oil markets.
Airlines across Asia are increasing ticket prices and introducing fuel surcharges after sharp changes in oil markets led to an increase in jet fuel prices following a conflict involving...
Malaysia will tighten border enforcement to curb fuel smuggling and keep subsidised petrol prices unchanged as the widening US-Israeli war with Iran disrupts energy flows through the Strait of Hormuz and rattles global oil markets.
The move comes amid concern that rising fuel prices abroad could make smuggling subsidised fuel out of Malaysia more profitable.
“The most worrying aspect is that this conflict has an impact on the global economy, Asia and Malaysia,” Prime Minister Anwar Ibrahim sa...
Oil markets experienced another wild day of trading, characterized by a feast-to-famine dynamic and significant fluctuations, reflecting ongoing volatility and uncertainty.
US says its firepower will ‘surge dramatically’ and IDF warns of ‘surprises ahead’, as Iran launches retaliatory strikes
Middle East crisis – live updates
Israel and the US have bombarded Iran and…
Gas prices across America rose quickly amid growing tension in the Middle East, according to AAA.
FREDERIC J. BROWN/AFP via Getty Images
The average price for a gallon of regular gas jumped 11 cents in a day, according to AAA.
That's the largest average price jump since March 2022, analysts say.
The price spikes come as oil markets are rattled by increasing violence in the Middle East.
The drive to and from the office just got more expensive.
Prices at the gas pump jumped an average of 11 c...
Oil markets, currently closed for the weekend, could face significant price fluctuations next week, as it is still unclear what impact US and Israeli strikes will have…
An opinion piece discusses how the ongoing Iran/US conflict has significantly disrupted global affairs, particularly impacting oil markets, with the Middle East being the epicenter of this war.
Global crude oil markets are experiencing a frenzy with physical oil prices surging to unprecedented levels due to a severe shortage and intense competition for deliveries, fueled by reduced supply from the Middle East via the Strait of Hormuz.
The European Union is evaluating the potential risks posed by the ongoing Middle East crisis, particularly its implications for the stability and future of global oil markets.
Fears of an escalation in the Iran conflict have caused stocks to tumble and crude prices to jump. The ongoing 'third Gulf war' is projected to have a lasting impact on energy markets, with residual risks and damaged infrastructure expected to keep prices elevated for an extended period.
WTI crude oil is currently trading at a premium to Brent crude, as oil markets price in short-term supply risks, indicating concerns over global oil availability.
The world is experiencing a comprehensive crisis, reminiscent of the 1970s, as the war in Iran has triggered a rapid and intense shock to oil markets, extending beyond a mere energy crisis.
The Middle East conflict continues to deepen the global energy crisis, driving oil prices above $109 and causing aluminum prices to explode to record levels, while also prompting a discussion on the US's true energy independence from the region, despite claims by former President Trump. The ongoing conflict has also led to cruise lines canceling and rerouting voyages, with some companies repatriating stranded guests, and Malaysia's Prime Minister has convened a special meeting to ensure supply stability.
Global markets continue to experience mixed reactions, with oil prices, including Brent crude, jumping higher amid growing fears of a wider Middle East conflict, while Asian equities fall and US stocks mostly advance, balancing market sentiment with jobs data, war uncertainty, and recession fears.
Donald Trump has reiterated his threats to 'obliterate' Iran's Kharg Island and energy facilities, warning of massive damage without a quick deal, while the Pentagon reportedly prepares for a possible ground invasion or mass bombardment of Iran.
Russia has announced a ban on gasoline exports starting April 1, aiming to prioritize domestic supplies and stabilize fuel prices amidst surging domestic prices and turbulence in global oil markets. Deputy Prime Minister Alexander Novak instructed the energy ministry to draft a resolution for this measure, which will last until July 31st.
BlackRock CEO Larry Fink explained how oil prices could return to $40 a barrel, stating that a regime change in Iran is not necessary, while also commenting on significant global economic shifts. Meanwhile, oil markets are pricing in peace, though upside risks persist.
Experts warn that potential disruptions in the Strait of Hormuz could significantly impact markets, leading to currency weakening and rising prices, while Saudi Arabia bypasses the strait with surging oil exports. Global energy market tensions, particularly concerning Hormuz, are highlighting vulnerabilities in India's LPG supply, leading Nayara Energy to hike petrol and diesel prices. Wall Street is experiencing volatility with rising stocks and easing oil prices due to the ongoing 'war with Iran', with investors snubbing Trump's Iran reprieve.
A Deutsche Bank strategist has warned that the fallout from the Iran war on oil markets could signal the beginning of the end for petrodollar dominance, potentially creating opportunities for Beijing.
Green energy stocks in China have experienced a significant surge as the ongoing Middle East conflict continues to disrupt global oil markets, prompting investors to seek alternatives.
US President Donald Trump has postponed his ultimatum to bomb Iran's electricity grid and announced a tactical pause on strikes, claiming to have begun talks with Tehran and that 'regime change' is underway. However, Iran has denied engaging in talks with the US and warned against targeting its vital infrastructure.
Israel has launched a new wave of attacks on Iran, including fresh strikes on Tehran, as the US-Israel vs Iran conflict intensifies, impacting Gulf nations and global energy markets, with Netanyahu claiming victory.
South Korean President Lee Jae Myung has called for urgent efforts to secure alternative crude supplies, including potentially from Russia, as the Mideast war disrupts existing oil markets.
Hyperliquid has seen its Open Interest (OI) climb to $1.43 billion, with growth primarily attributed to activity in the oil market rather than cryptocurrency. This indicates a shift in the platform's primary drivers of expansion.
Rising tensions in the Middle East have once again shaken global oil markets, raising concerns about potential disruptions to the Strait of Hormuz, one of the world’s most critical energy transit routes. For Korea, which imports nearly all its energy, such uncertainty poses a serious economic risk. The Strait of Hormuz is a vital artery for global energy. A large share of the world's crude oil and liquefied natural gas passes through this narrow corridor. Even brief disruptions can trigger price
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The U.S. has stated its capability to provide a reliable energy supply to the Asia-Pacific region, a commitment made as oil and gas prices have surged following recent military actions in the Middle East, reassuring the region of its energy security.
The Aramco chief has warned of a 'catastrophic' impact on the oil market if the Strait of Hormuz remains closed, reiterating that Saudi Aramco could restore full production within days of its reopening.
Amid rising oil prices due to the Iran war, there is a renewed focus on sustainable aviation fuel as an alternative, which could reduce airlines' susceptibility to volatile oil markets.
Global markets brace for potential 'disaster' as the Iran conflict intensifies, with Trump's erratic messaging regarding the Strait of Hormuz further roiling oil markets and causing volatility in South Korean shares.
The group of Western powers, which have remained cautious about the war in Iran waged by Israel and the US, met on Wednesday to try to minimize the conflict's impact on the global economy.
Mr. Saran warns of the long-term impact of a sustained rise in crude prices on India’s current account deficit and balance of payments, as well as on inflation and economic growth
Roughly one-fifth of global petroleum liquids consumption passes through the strait, making even the threat of mining or disruption enough to rattle oil markets and governments alike.
Higher fuel prices and turmoil in oil markets. Will prices of food and inflation rise even higher? How will the war in Iran affect Slovenia's projected economic growth?
MANILA, Philippines — The Philippine National Police – Highway Patrol Group (PNP -HPG) ordered its patrol officers to save on fuel amid looming price hikes triggered by escalating tensions in the…
Pakistan has expanded its austerity drive, forming a special committee to monitor progress, as fuel prices rise and global oil markets experience volatility.
The Centre for the Promotion of Private Enterprise (CPPE) states that local refining alone cannot prevent fuel price volatility in Nigeria, as global oil markets continue to dictate costs.
A strategist suggests that oil markets are not currently exhibiting the significant risk-off behavior seen in previous oil shocks, even as Middle East tensions persist.
India is in a very comfortable situation regarding energy security, government sources have told NDTV Profit, stressing that there is no need to panic amid disruptions in the oil markets due to the…
Oil markets are bracing for sharp price spikes after the US-Israel attacks on Iran and Tehran's retaliation. Iran's role as a major producer matters, but its strategic position is keeping traders on edge.
Crude-oil markets won’t officially open for a few more hours, but traders are already using prediction markets like Kalshi to take bets on where prices will settle on Monday.
Delegates earlier said they would likely agree to a modest increase of 1,37,000 barrels per day in oil output for April, as the group readies for summer demand, led by the U.S. driving season
Oil prices jolted higher on Friday, booking their biggest daily gain in over a week, after President Trump signaled the window for using diplomacy to end Tehran’s nuclear program may be closing.
The Dow, S&P 500, and Nasdaq indices all turned lower, influenced by fluctuating oil prices, Walmart's performance, and ongoing speculation regarding future interest rate cuts.
Oil markets are adjusting their assessment of war risk following the US Congress's decision to reject a pullback from Iran, impacting global oil prices.
Japan has pledged US$10 billion in energy support to its Southeast Asian neighbors, a strategic move analysts say aims to counter China's regional influence. This initiative positions Japan as a reliable partner as the Iran war impacts global oil markets.
After US-Iran negotiations collapsed in Islamabad, President Trump ordered a naval blockade of the Strait of Hormuz, threatening to eliminate Iranian ships approaching the blockade zone. NATO allies refused to join, and oil markets surged on supply fears.
The United States is proceeding with a second release from its strategic oil reserves, a measure taken to stabilize global oil markets amidst ongoing conflict in the Middle East.
Σε μια περίοδο έντονων γεωπολιτικών εξελίξεων, ο Πρωθυπουργός Κυριάκος Μητσοτάκης παραχώρησε συνέντευξη στο CNN και τη δημοσιογράφο Κριστιάν Αμανπούρ, όπου τοποθετήθηκε για την εκεχειρία στη Μέση…
Even as oil prices decline, consumers may still face higher costs for everyday goods, indicating a potential disconnect between crude oil markets and broader consumer inflation.
US shale oil producers are anticipated to boost their crude output, capitalizing on a price rally in oil markets that has been influenced by developments related to the Strait of Hormuz.
Energy traders are facing significant losses and rumors of insider trading due to extreme market volatility, which is being driven by the ongoing conflict in the Middle East.
An analysis explores the recurring pattern of oil markets disrupting economies and leading to recessionary outcomes over the past three decades. It suggests that investors often learn the wrong lessons from past oil shocks.
The full reopening of the Strait of Hormuz is anticipated to be a critical development for global oil markets. Its strategic importance for oil transit makes its status a key factor for energy prices and supply.
According to Energy Aspects, the global oil markets are currently undergoing a significant structural shift, indicating fundamental changes in their dynamics.
The closure of the Strait of Hormuz is identified as a major crisis for Asian economies, which are highly vulnerable due to their reliance on crude oil and liquefied natural gas (LNG) passing through the strategic waterway.
Carole Nakhle of Crystol Energy asserts that oil markets are not currently in a crisis mode, despite recent price surges, offering an expert perspective on the global energy landscape.
US President Donald Trump has again threatened Cuba, stating 'Cuba is next' during a speech, reiterating his stance on intervention after actions in Venezuela and the capture of its former president.
An analysis reveals that global oil and gas prices are determined by a complex interplay of factors, often appearing unpredictable, with recent reports highlighting the fragmentation of oil markets due to significant shifts in global supply.
A new report indicates that Russia stands to gain at least $760 million in additional revenue from crude oil sales, benefiting from the global oil market fluctuations caused by the ongoing Iran War.
Japan has announced it will begin releasing oil from its national reserves starting Thursday, in an effort to stabilize domestic supplies amidst concerns related to global oil markets and the Iran war.
The ongoing Iranian blockade of the Strait of Hormuz continues to severely impact global energy markets, with Kuwait warning of a catastrophic economic domino effect. Iran's Foreign Minister and Ministry of Foreign Affairs have stated that the Strait remains open to ships from nations not backing US-Israeli aggression, communicating this to the UN. The tightened global fuel supply is particularly affecting Asian nations and causing shortages for fuel retailers in Kenya, leading to increased reliance on coal and raising concerns about potential plane groundings, as European Commission President Ursula von der Leyen highlights a 'critical energy situation.'
President Trump's claims of 'very good' talks with Iran, aimed at de-escalation and impacting oil markets, are met with denials from Iran regarding direct negotiations, as discussions continue for a resolution in the Middle East.
Amid escalating Middle East conflict and unstable global oil markets, Moldova is examining its domestic oil and gas extraction in the south, while citizens face sharply rising fuel prices.
As the Iran War enters its fourth week, global energy prices continue to surge, with the oil market's seaborne buffer rapidly depleting, testing market optimism and leading Wall Street to confront an 'energy war', while G7 nations declare readiness to take all necessary measures to support global energy supply.
60-day lifting of the American Jones Act by Donald Trump, aiming to stabilize oil markets. The US president decided on the temporary suspension of the Jones Act so that...
Pakistan's finance ministry announced on Wednesday that the country's fuel supply remains stable despite ongoing volatility in global oil markets, following a meeting chaired by Finance Minister Muhammad Aurangzeb.
An analyst, Mistry, indicates that edible oil markets are currently caught between the conflicting forces of weak consumer demand and increasing bets on biodiesel production.
Iran's Shi'ite allies in Lebanon and Iraq have joined the war in the region unleashed by U.S. and Israeli strikes on Tehran. The U.S. says Iran has armed, funded and trained the Houthis with help from Hezbollah.
Oil markets are preparing for what analysts describe as the largest supply shock in decades, signaling potential volatility and price increases in the global energy sector.
The Yen has weakened and Goldman Sachs delayed Fed rate cuts due to increased inflation risks from the Middle East conflict, prompting concerns among central banks about potential hawkish shifts in monetary policy. The conflict's impact on oil prices has also made dollar options the most bullish since 2022.
Donald Trump has reportedly made it a habit to gift $145 Florsheim shoes to his friends, advisers, and VIPs, often attaching personal notes, with insiders noting his obsession with the affordable Wisconsin-based brand.
France, which holds the G7 presidency, said Wednesday that major economies were ready to act to stabilise oil markets as the US-Israeli war with Iran enters its second week and disrupts supply.
Global oil markets have been volatile for days due to drone and missile activity in the Middle East, with a deleted tweet reportedly causing a significant drop in prices yesterday.
Concerns have intensified as crude oil tankers bound for Japan ceased navigating the Strait of Hormuz 10 days ago because the war made the passage too dangerous.
Oil markets experienced another day of highly volatile trading, reflecting significant shifts and uncertainty among traders, with another wild day of trading reported.
The head of Saudi Aramco, Amin Nasser, has warned that prolonged disruptions to shipping through the Strait of Hormuz could lead to 'catastrophic consequences' for global oil markets, echoing previous warnings from the world's largest oil producer.
Bharat Petroleum is reportedly chartering a crude tanker at a daily rate of $7.7 lakh, a move likely influenced by ongoing global conflicts affecting oil markets.
As Iranian conflict rattles oil markets and raises economic risks for South Africa, Finance Minister Enoch Godongwana is building a scenario plan to assess the implications for the country
A near-halt to shipping in strait of Hormuz and attacks on Middle East refineries are threatening supplies and stoking inflation
Nils Pratley: A gas shock – not an oil shock – looks more…
Global oil markets are preparing for potential supply disruptions after US airstrikes on Iran over the weekend revived concerns that shipments through the Strait of Hormuz could be affected.
A JOINT US-Israeli attack on Iran threatens to close the Strait of Hormuz and disrupt global oil supply, leading to price increases and fears of a wider conflict in the Middle East.
Global oil markets, which are closed over the weekend, are expected to experience price fluctuations next week, as the impact of US and Israeli attacks on Iran on oil supply from…
The US and Israeli strikes against Iran could severely disrupt the global supply of crude oil and send prices soaring to levels not seen in years. – Major producer – Iran remains just inside the world’s top 10 oil producers even though its output has fallen sharply since the 1970s, hit in particular by rounds […]
The post How US strikes on Iran will affect oil market – Report appeared first on Vanguard News.
Pakistan is expecting an increase of Rs4.50 to Rs7 per litre in petrol and diesel prices for the next fortnight due to an upward trend in international oil markets.