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Iran says Strait of Hormuz reopening depends on US accepting its conditionsIran's Revolutionary Guard stated Strait of Hormuz reopening is conditional on US acceptance. This reopening is not linked to ongoing negot...- Iran's leaders believe a victory is within reach, and that time is on their sideIran believes military pressure will force the United States to accept its control. The nation is betting that time and global energy price...
- Trump expresses optimism about lower fuel prices as US-Iran move closer to potential deal on Strait of HormuzPresident Trump expressed optimism regarding negotiations over the Strait of Hormuz. He believes progress could lead to lower gasoline pric...
- Saudi Arabia, Turkey and Pakistan sign joint defence deal amid regional turmoilSaudi Arabia, Pakistan, and Turkey signed a joint defense pact in Mecca. This agreement aims to strengthen collective deterrence against ag...
- World food prices hit 3-year high in July as weather and war weigh, FAO saysA 3.4% month-on-month rise in the FAO's Cereal Price Index drove the trend, fuelled in turn by a 5.8% jump in wheat prices, the agency sai...
- US is set to import most Middle East crude since Iran war beganUS crude imports from the Middle East are reaching their highest levels since the Iran war began. This surge is driven by a brief Strait of...
- Brent crude tops $80 per barrel as Hormuz talks, tanker attacks keep supply risks highOil prices climbed as investors tracked Iran-Oman shipping talks and fresh attacks on Saudi oil tankers, raising supply concerns. Brent top...
- Iran and the US say a Strait of Hormuz deal is close, but one or both would have to back downIran and Oman are finalizing an agreement concerning the Strait of Hormuz. This potential deal could reopen the vital waterway and ease glo...
- Surge in Black Sea attacks adds to strain on global commodity flowsAttacks on Black Sea shipping routes are disrupting global grain and oil supplies. Ukraine and Russia have intensified strikes on each othe...
- US and Iran having 'very good discussions', Trump saysUS President Donald Trump reported very good discussions with Iran on Tuesday. Hopes for reopening the Strait of Hormuz boosted Asian marke...
- US and Iran having 'very good discussions', Donald Trump saysTrump described negotiations with Iran as "very good". Mediators in Qatar indicated progress toward ending the Iran war, though Tehran deni...
- Projectile sinks Indian ship near Yemeni waters but all seafarers safe, Union minister Sonowal saysAn Indian-flagged vessel sank in the Red Sea after a projectile strike, but all fourteen crew members were rescued. The Yemeni Coast Guard ...
- War cost to world = '2.6 billion barrels of oil'Global oil inventories have significantly depleted since the US-Israeli war with Iran began. Saudi Aramco's chief stated that replenishing ...
- Big Oil profits surge as Iran war keeps energy prices elevatedEuropean and Middle Eastern oil firms reported significant profit increases recently. Saudi Aramco saw its net profit climb by forty-four p...
- Global Market: Saudi Aramco Q2 profit jumps 44% as Middle East conflict boosts oil pricesSaudi Aramco reported a 44% year-on-year jump in second-quarter net profit, beating analyst estimates as higher crude oil prices offset low...
- Global Market: Goldman Sachs sees Brent crude trading at $80-$90 until Iran conflict outlook clearsGoldman Sachs forecasts Brent crude prices between $80 and $90 per barrel. This range persists until clarity emerges on US-Iran nuclear tal...
- Oil Price Today (August 4): Crude oil nears $85 as peace talks uncertainty loom after fresh attacks. What are experts saying?Oil prices saw a slight increase on Tuesday after significant Monday losses. Supply risks in the Middle East resurfaced as diplomatic hopes...
- Oil ticks up after selloff as talks to end US-Iran war remain uncertainOil prices saw a slight rebound on Tuesday after earlier declines. Concerns over Middle Eastern supply remain high due to U.S.-Iran tension...
- Oil Price Today (August 3): Crude oil crashes 5% below $84 as Trump delays attack on Iran. What are experts saying?Brent crude futures fell $4.37, or 5%, to $83.56 a barrel, while U.S. West Texas Intermediate crude declined $4.63, or 5.5%, to $80 a barre...
- Oil tumbles as Trump cancels attack on Iran to reach nuclear dealOil prices dropped significantly on Monday after President Trump paused new Iran attacks. He seeks a swift agreement to halt Tehran's nucle...
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