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IRAN WAR IMPACT ON OIL
US military says it fired on another merchant vessel trying to breach its blockade of Iranian portsThe US disabled a second merchant vessel enforcing its blockade of Iranian ports as Iran targeted US-linked bases across the Gulf. Fighting...
US strikes Iran from south to north after Trump threats over Red Sea shippingUS missiles struck targets across Iran after Houthi attacks on Saudi tankers escalated regional conflict. Iranian forces retaliated by firi...
Explosions are heard near a US base in northern Iraq as US-Iran fighting escalatesExplosions sounded near a U.S. base in Iraq and sirens rang out in Bahrain on Friday. The U.S. military conducted its thirteenth night of s...
US strikes Iran and Bahrain warns of incoming fire as clashes over shipping routes escalateBahrain activated sirens amid escalating U.S. and Iran strikes over the Strait of Hormuz. Yemen's Houthi rebels targeted Saudi oil tankers,...
Oil Price Today (July 24): Crude oil dips below $100 but up 13% this week as supply tensions mount. $120 per barrel possible?Brent futures fell 81 cents, or 1%, to $99.68 a barrel at 0126 GMT, but were still set for a 13.5% rise this week. West Texas Intermediate ...
Trump threatens 'major military punishment' after Houthi strike on Saudi tankersPresident Trump vowed major military punishment for Iran and its Houthi allies. Houthi fighters struck two Saudi oil tankers in the Red Sea...
India's oil routes under pressure as second West Asia chokepoint shutsIndia faces intensified energy supply challenges due to choke point closures. Three Saudi oil tankers rerouted in the Red Sea amid Houthi b...
US House votes to halt Iran war in fresh rebuke to Donald TrumpThe US House passed a resolution directing President Trump to halt military action against Iran. This measure, largely symbolic, requires c...
New threat by Yemen's Houthis could widen Iran war, put another trade chokepoint at riskHouthi rebels threaten to blockade the Bab el-Mandeb Strait, impacting global trade routes. They recently attacked two Saudi oil tankers in...
'If we don't sell oil, no one will': Iran threatens wider crude disruptionIran warns of regional oil disruption if its exports are blocked. The United States conducted further strikes against Iran's infrastructure...
Oil Price Today (July 23): Crude oil crosses $95 as US strikes enter 12th day. Why Goldman says $120 is possible?Brent crude futures rose $1.93, or 2%, to $96 a barrel, their highest level since June 8. The benchmark had ended the previous session more...
Oil prices rise to six-week high as US-Iran tensions escalateOil prices climbed to a six-week high on Thursday. This surge followed new United States strikes on Iran and Houthi attacks. Iran's Revolut...
Oil prices rise slightly after US announces new round of strikes on IranOil prices saw a slight increase as fears of supply disruptions grew. U.S. forces continued striking Iranian military targets for the eleve...
US Iran war bill climbs to $37.5 billion as Hegseth seeks urgent fundingThe United States' war in Iran has reached $37.5 billion in costs. Defense Secretary Pete Hegseth sought urgent funding from skeptical lawm...
US military completes its latest strikes on Iran, marking the 10th successive night of attacksA tanker was attacked early Tuesday in the Strait of Hormuz off Oman. Two other ships faced assaults in the strait over the last day. The U...
How a Houthi blockade in the Red Sea tightens Iran's grip on global energy suppliesYemen's Houthis declared a maritime blockade against Saudi Arabia on Monday. This action escalates regional conflict and impacts global ene...
Iran-US war impact: Gas, oil prices jump big again, check how latest escalation is burning a hole in common Americans' pockets. What to expect in coming daysUS Gas Price: Drivers in some states across the U.S have been paying well over USD 4 a gallon for a while now, while others pay less. Affor...