Oil Prices Fall, but Energy Firms Remain Frozen After U.S.-Iran Deal

Analysts said oil and natural gas energy companies would not quickly restore production unless attacks stopped and ships started moving through the Strait of Hormuz.

By Rebecca F. Elliott

Relief in financial markets after Iran ceasefire – but it is far from absolute | Richard Partington

Situation still volatile as Tehran and Washington issue conflicting messages about opening of Hormuz channel A plunge in the oil price, stock market rally and renewed hopes for the global economic outlook. After the announcement of a two-week ceasefire in the Iran war, the relief in financial markets was palpable. But it is far from absolute. For the past six weeks, the economic damage had been steadily mounting, as the effective closure of the strait of Hormuz by Tehran triggered the worst e...

By Richard Partington Senior economics correspondent

Empty ships and shut wells: Why the Iran war oil crisis is not over yet

The war on Iran has removed hundreds of millions of barrels from oil markets. We visualise what that looks like.

Carnival’s stock soars as the Iran cease-fire provides relief from surging fuel costs

The cease-fire agreement between the U.S. and Iran triggered a relief rally in shares of travel and retail giants Wednesday, on hopes that a break from surging fuel prices would help businesses manage costs and calm anxious consumers.

By Bill Peters

Stocks surge and oil tumbles amid US-Iran ceasefire

The FTSE 100 closed up 260.09 points, 2.5%, at 10,608.88.

By Jeremy Cutler

MSBT launch + ceasefire not enough for Bitcoin—what are flows hiding?

Milan bourse closes 3.7% up on Iran truce

(ANSA) - ROME, APR 8 - The Milan bourse closed 3.7% up Wednesday on the Iran truce. The FTSE MIB index rose above the 47,000 point mark (to 47,091), like other stock markets, thanks to the truce in Iran. Prysmian soared 9.79% to new highs, followed by Cucinelli (+8.2%), Buzzi (+7.93%), and Unicredit (+7.88%). Only Eni (-5.57%) was negatively impacted by the drop in oil prices, as was Tenaris (-1.15%), while the decline in gas prices weighed on Snam (-0.48%). European stock markets toasted the...

By ANSA

Oil prices fall as US, Israel–Iran agree to ceasefire

Global oil prices dropped sharply after a ceasefire agreement between the United States, Israel and Iran eased fears of supply disruption. The post Oil prices fall as US, Israel–Iran agree to ceasefire appeared first on Premium Times Nigeria.

By Premium Times

Analysis: Hormuz is not enough – How long until global oil flows are restored, and why prices won’t return to pre-war levels

Dozens of refineries, storage facilities, and oil and gas fields across nine countries have been hit by attacks, taking more than 10% of global oil supply offline The post Analysis: Hormuz is not enough – How long until global oil flows are restored, and why prices won’t return to pre-war levels appeared first on ProtoThema English.

By Newsroom

KLM maintains Dubai flight suspensions despite Middle East ceasefire

KLM will continue to suspend flights to Dubai despite the ceasefire.

By 87919