Oil prices fell sharply again on Wednesday as concerns about supply disruptions eased. International benchmark Brent crude fell about 4% to around $73 a barrel, its lowest level since before the United States and Israel launched air strikes on Iran earlier this year. U.S. West Texas Intermediate (WTI) crude oil also fell about 4% to … Read more
Crude oil prices fell sharply after the United States and Iran announced a framework agreement to end the war. US President Donald Trump It said the agreement would help reopen the important Strait of Hormuz shipping route. Following the news, Brent crude oil prices fell 4.7% to $83.24 per barrel. Global stock markets reacted positively, … Read more
When the Strait of Hormuz tightens, many are bracing for $200 a barrel of oil. More than three months have passed, and the nightmare scene still has not appeared.The disruption removed more than 10 million barrels per day of Middle Eastern supply from the market, prompting warnings of crude prices surging to $200 a barrel. … Read more
Global markets react strongly after presidential term ends Donald Trump Just before the 8pm ET deadline on Tuesday, Trump announced a pause in U.S. attacks on Iran. Oil prices fell sharply as stock market futures soared. Iran has yet to respond to Trump’s message about a ceasefire. An oil tanker docks at the port of … Read more
U.S. stocks remained volatile on Tuesday as investors faced uncertainty over the escalating conflict between the United States and Iran. President Donald Trump has set a new deadline of 8pm ET for the Strait of Hormuz, warning that “entire civilization” will be wiped out tonight. Traders display stock market data as they work at the … Read more