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

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.

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

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