Iran targets UAE energy infrastructure as gas field set ablaze, tanker struck near Strait of Hormuz

Oil prices advanced on Tuesday as energy market participants monitored Middle East supply disruptions.

Nearly $100 per barrel: price of Russian oil soars in India

The price of Russian Urals crude in India has reached nearly $100 per barrel. The discount relative to Brent has narrowed to a four-month low.

By Semen Ruban

Oil Price Spikes Again As Iran Resumes Strikes On Ships And Infrastructure In The Gulf - Forbes

Oil Price Spikes Again As Iran Resumes Strikes On Ships And Infrastructure In The Gulf  Forbes

The Iran war is driving an oil shock — but not a broad supply chain crisis, Goldman Sachs says

Oil's rally after the Iran conflict is expected to ripple through consumer prices. Kayla Bartkowski/Los Angeles Times/Getty Images The Iran war is sending oil prices surging — but Goldman says supply chains should hold up. Crude oil futures have climbed more than 70% this year after US and Israeli strikes on Iran. The bank sees a modest GDP hit and little risk of pandemic-style supply chaos. The Iran war is driving an oil shock, but not a broad supply chain crisis, according to Goldman Sach...

US gas prices: Hormuz tensions push diesel above $5/gallon, highest since Dec 2022

Retail diesel prices in the U.S. have surpassed $5 a gallon for the second time, impacting global economic activity and consumer goods. This surge, driven by the US-Israeli conflict with Iran and disruptions in the Strait of Hormuz, presents a challenge for the upcoming midterm elections. Gasoline prices also reached their highest since October 2023, with little sign of easing.

By TOI BUSINESS DESK

Crude oil prices shoot above $103 per barrel as Iran war supply disruption continues; India’s petrol, diesel prices stable

Hormuz Shutdown Affects Asia's Crude Oil Supply, Pipelines Can't Cover Loss

Around 20 million barrels of oil a fifth of the world's seaborne crude ships through the Strait of Hormuz every day but that volume has been severely limited following US and Israel attacks on Iran, which has geographic control of the passage.

Stocks climb as oil prices back off earlier gains

PH fuel prices ‘most expensive’ yet, as peso almost 60:$1

MANILA, Philippines — Energy Secretary Sharon Garin said the country will log its “most expensive” fuel prices yet by Tuesday, the weekly schedule for price adjustments, amid the Iran war that continues to disrupt fuel exports past its second week. Meanwhile, the Philippine peso nearly reached the P60-per-dollar level after weakening to a new record

By cbuban

Oil climbs over 2% as Iran war halts supply

Hormuz mostly shut as Iran war enters week three; Brent jumps to $102 as allies rebuff Trump's warship call

By Reuters

Iraq Negotiates With Iran To Reopen Vital Oil Shipping Route

Iraq Negotiates With Iran To Reopen Vital Oil Shipping Route Authored by Tsvetana Paraskova via OilPrice.com, The federal Iraqi government is in contact with Iran to persuade Tehran to allow some Iraqi oil tankers to pass through the Strait of Hormuz, Iraq’s Oil Minister Hayyan Abdul Ghani said on Tuesday.  “There is communication with Iran regarding allowing the passage of some Iraqi oil tankers,” the minister said in statements carried by the Iraqi News Agency (INA).  Iraq, un...

By Tyler Durden

Oil prices rise over 3% again – Brent above $103 amid strait crisis

Rising tensions in the Strait of Hormuz and the reluctance of U.S. allies to escort tankers have driven another surge in crude prices, increasing uncertainty The post Oil prices rise over 3% again – Brent above $103 amid strait crisis appeared first on ProtoThema English.

By admin

Oil prices spike more than 5% as worries grow over Hormuz

Trump has called for allies in Europe and elsewhere to help reopen the Strait of Hormuz, which Iran has effectively closed, saying at the weekend that securing the waterway "should have always been a team effort, and now it will be". The post Oil prices spike more than 5% as worries grow over Hormuz appeared first on Vanguard News.

By Henry Oduah