Iran's president Masoud Pezeshkian admits sanctions impacting economyIran's President Masoud Pezeshkian acknowledged sanctions impact the nation's economy. He stated that Iran is in a war situation and must a...
Oil settles lower on clues about Fed policy, rumors of Hormuz dealOn Friday, oil prices dipped, driven by signals from the Federal Reserve and circulating rumors regarding the Strait of Hormuz. Market trad...
Trump says US inked deal with Venezuela to take control of 65 billion barrels of oil reservesThe United States has reached an agreement with Venezuela concerning oil reserves. This deal involves taking control of sixty-five billion ...
Global Market: German bond yields rise as investors weigh inflation risks and ECB rate pathGerman bond yields moved higher as investors weighed persistent inflation risks and expectations for the European Central Bank’s interest-r...
Oil Price Today (August 28): Crude oil falls over 5% this week despite Trump rejecting terms of Iran deal. What are experts saying?Brent crude futures fell 50 cents, or 0.6%, to $89 a barrel, while West Texas Intermediate crude futures declined 42 cents, or 0.50%, to $8...
D-Street poised for positive start as GIFT Nifty signals gainsIndian equity markets experienced a decline on Thursday, influenced more by domestic challenges than global trends. The Nifty index faced n...
Trump administration weighs US ownership stake in Venezuela’s vast oil reserves: ReportThe Trump administration is discussing a potential US ownership stake in Venezuela’s oil industry, Axios reported, covering more than a doz...
Oil Price Today (August 27): Crude oil dips to $87, down for 4th session amid Hormuz reopening hopes. What are experts saying?Oil prices slipped on Thursday, extending their losing streak, as hopes of a Strait of Hormuz reopening grew amid diplomatic efforts involv...
Trump's new economic squeeze on Iran has a big challenge: ChinaThe United States is imposing economic sanctions on Iran's financial networks globally. China, Iran's largest trading partner, presents a s...
Iran and Oman discuss temporary Hormuz corridor as impasse with US drags onIran and Oman are discussing managing the Strait of Hormuz traffic. The United States is sending personnel back to Middle East diplomatic m...
Asian buyers snap up US crude, adding stress to tight marketAsian refiners are set to nearly double purchases of US crude for September as Middle Eastern oil prices surge amid the Iran war and Strait...
US billionaires are piling millions into Argentina's Shale boom, here’s what is driving itAmerican billionaires are increasing investments in Argentina's Vaca Muerta shale basin. Harold Hamm's Continental Resources plans a $4 bil...
Iran says new sanctions threatened by 'desperate' US will failIranian Foreign Minister Abbas Araqchi has dismissed threatened US sanctions as a sign of desperation, insisting they will fail to defeat T...
Iran says Strait of Hormuz will remain closed until US changes courseIran's Mohsen Rezaei stated the Strait of Hormuz remains closed until US behavior changes. He claimed America relies on economic pressure a...
US, Iran keep up hostile rhetoric ahead of new sanctionsNew United States sanctions targeting Iran are scheduled for announcement impacting global trade partners. Oil shipments through the Strait...
US to impose ‘toughest sanctions in history’ on Iran; Scott Bessent bets on 'one-two punch' to cripple Iranian regimeUS Treasury Secretary Scott Bessent said Washington will impose the “toughest sanctions in history” on Iran, with details expected Monday, ...
Indian Oil close to signing LPG import deal with Algeria's Sonatrach for 2027: SourcesIndian Oil Corp has finalized a deal with Algeria's Sonatrach for LPG imports. This agreement will supply one very large gas carrier monthl...