Global oil prices soar

Evening News Report: Iran attacks Saudi Aramco and Kuwait refineries; Sensex drops around 2,500 points More

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Evening News Report: Iran attacks Saudi Aramco and Kuwait refineries; Sensex drops around 2,500 points More

Following the Israeli attack on South Pars, Iran attacked energy bases in the region, including facilities linked to Saudi Aramco, and warned of “uncontrollable consequences” around the world as oil prices soared. A projectile landed just 350m from the Bushehr nuclear power plant, raising serious safety concerns for the International Atomic Energy Agency although the … Read more

Explained: How Iran’s war is driving oil and gas prices sharply higher

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Explained: How Iran's war is driving oil and gas prices sharply higher

Global oil prices surged this week as the war with Iran intensified, raising concerns about long-term disruptions to energy supplies in the Middle East.Oil prices surged a week after the United States and Israel launched major attacks on Iran, escalating tensions into a broader regional conflict. Ongoing hostilities have disrupted major energy routes and facilities, … Read more