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OIL TRADE WAR
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...- Hormuz, Red Sea spark a 1,000% war-risk premium shockWar-risk insurance premiums have surged by as much as 1,000% as tensions across the Strait of Hormuz and the Red Sea disrupt shipping. Fres...
- Cutting off Red Sea oil route may be one crisis too manyThe Red Sea conflict has disrupted oil flows, impacting global energy markets. This escalation is now forcing oil tankers to reroute, incre...
- Brent crude oil price surges past $100 as Houthi tanker attacks in Red Sea rattle marketsBrent crude surged above $100 a barrel after Houthi rebels claimed attacks on Saudi oil tankers in the Red Sea, escalating supply concerns....
- US military strikes Iran for 12th straight night as conflict escalatesThe United States military conducted a twelfth night of strikes against Iran. These attacks aim to degrade Iran's ability to threaten comme...
- Brent crude surges 4% to over $95 a barrel, nears 6-week high as conflict threatens key oil transit routesOil prices hit a six-week high on Wednesday, with Brent crude racing past ninety-five dollars a barrel. The growing tensions between the U....
- Japan's exports and imports grow as yen weakensJapan recorded a trade deficit in June, totaling 406.9 billion yen. Higher oil import prices and a weak yen contributed to this deficit. Ex...
- 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...
- Indian refiners come to the rescue of Russia’s oil exportersIndia has emerged as a key buyer of Russian crude, with imports from Moscow reaching record levels as refiners take advantage of cheaper oi...
- Crude oil prices rise 2% on fresh attacks by US and IranOn Tuesday, oil prices surged nearly two percent amid escalating tensions between the United States and Iran. The situation was further com...
- UAE to invest $6.2 bn in Abu Dhabi gas projectAbu Dhabi's state oil company ADNOC will invest $6.2 billion in a new gas project. This offshore development is a joint venture with intern...
- Trump says he had 'very good conversation' with new British PM Andy BurnhamTrump held discussions with the newly appointed British Prime Minister, Andy Burnham, with their talks encompassing key topics such as Nort...
- Oil prices dip as mediation efforts offset US-Iran strikesOil prices softened on Tuesday as markets weighed mediation efforts. Fresh attacks between the United States and Iran also influenced marke...
- 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...
- Oil Price Today (July 20): Crude oil jumps 3%, crosses $90 as US and Iran exchange attacks. $100 in sight?Brent crude futures rose $2.69, or 3.05%, to $90.79 a barrel, their highest level since June 11. The benchmark extended last week's rally, ...
- Brent oil tops $90 as US, Iran intensify attacks in Middle EastOil prices climbed significantly on Monday as tensions rose. Brent crude futures surpassed ninety dollars a barrel, reaching recent highs. ...
- US and Iran escalate strikes across Mideast; bridges and a water plant hitThe United States and Iran intensified their conflict across the Middle East on Friday, launching fresh strikes on military and infrastruct...
- China's oil imports have plunged during the Iran war. How much will they recover?China's oil imports have significantly decreased since April. This reduction has kept global prices stable and freed up supply. Analysts ar...
- Rupee slips 6 paise to 96.31 against US dollar in early tradeThe rupee weakened against the US dollar due to global crude oil volatility and a stronger greenback. Foreign institutional investor outflo...
- Oil Price Today (July 16): Crude oil at $86, rises for 4th day as US-Iran attacks continue. What are experts saying?The United States on Wednesday targeted Iran's coastal defence systems and missile sites after reimposing a naval blockade on Iranian ports...
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