Oil prices fall over 4% as US-Iran peace talks raise hopes of easing Middle East supply disruptions

Oil prices fall as US-Iran peace talks raise hopes of easing Middle East supply disruptions.

Oil prices fell more than 4% on Monday, November 2, as hopes of a possible peace deal between the United States and Iran reduced fears of further disruptions to oil supplies from the Middle East. Investors reacted to reports of diplomatic talks between Iranian and Qatari officials aimed at ending the ongoing US-Israeli war on … Read more

Indo-Pacific Quad ministers work on supply chains, denounce arbitrary export restrictions

Indo-Pacific Quad ministers work on supply chains, denounce arbitrary export restrictions

By Andrea Shalal Indo-Pacific Quad ministers work on supply chains, denounce arbitrary export restrictions ATLANTA, – Foreign ministers from the US, Australia, India and Japan on Saturday pledged to work on building reliable global supply chains and expressed grave concerns about what they called “economic coercion” through export restrictions and non-market practices, but stopped short … Read more

Oil prices fall as renewed US-Iran peace talks ease supply concerns amid Middle East tensions

Oil prices fall as hopes of renewed US-Iran peace talks ease supply concerns. (Pexel/Representative image) (Pexel)

Oil prices fell on Thursday as hopes of renewed peace talks between the United States and Iran eased fears of possible disruptions to global oil supplies. However, tensions in the Middle East continue to create uncertainty over oil production and shipments. Oil prices fall as hopes of renewed US-Iran peace talks ease supply concerns. (Pexel/Representative … Read more

Oil prices rise over 1% after reported attack on Saudi refinery raises supply concerns

Oil prices rise after a reported attack on a major Saudi refinery raises global supply concerns.  (Pexel/Repersentative image) (Pexel)

Oil prices rose by more than 1% on Wednesday. Prices increased after Yemen’s Iran-aligned Houthi group reported an attack on a major oil refinery in Saudi Arabia. The report raised concerns about possible disruptions to global oil supplies amid ongoing conflicts in the Middle East. Oil prices rise after a reported attack on a major … Read more

Oil prices rise as Iran talks, Houthi attacks and Middle East tensions raise supply concerns

Oil prices rise as Middle East tensions and supply risks keep markets on edge. (Pexel/Representative image) (Pexel)

Oil prices rose slightly on Tuesday as investors waited for the outcome of diplomatic talks in Tehran, Iran. Renewed attacks by Yemen’s Houthi group on Saudi Arabia also raised concerns about risks to oil supplies. Oil prices rise as Middle East tensions and supply risks keep markets on edge. (Pexel/Representative image) (Pexel) Brent crude futures … Read more

Oil prices fall as US-Iran peace talks ease tensions, but Saudi attacks keep global supply risks high

Oil prices fall as US-Iran peace talks ease tensions, while attacks on Saudi Arabia raise supply concerns. (Pexel)

Oil prices fell on Monday as hopes of peace talks between the United States and Iran eased fears of further military action in the Middle East. However, continued attacks on Saudi Arabia, a major oil producer, kept investors worried about possible disruptions to global oil supplies. Oil prices fall as US-Iran peace talks ease tensions, … Read more

Brent crude oil hits highest since May as Houthi attacks on Saudi Arabia fuel global oil supply fears

Brent crude prices hit their highest level since May amid Houthi attacks and global oil supply fears. (Photo by Kuwait Petroleum Corporation (KPC) / AFP) (AFP)

Brent crude oil prices rose to their highest level since May on Thursday after Yemen’s Iran-aligned Houthi group carried out more attacks in Saudi Arabia. The attacks raised fears that the conflict in the Middle East could spread further and disrupt oil supplies from one of the world’s most important oil-exporting regions. Brent crude prices … Read more

Oil prices fall from 5-month high as Trump eases Russia sanctions amid Middle East supply fears

Oil prices fall as Trump eases Russia sanctions amid Middle East supply fears. (Pexel/Representative image) (Pexel)

Oil prices fell on Monday after reaching a five-month high, as investors booked profits following a recent rise in prices. US President Donald Trump’s decision to ease some sanctions and tariffs on Russia also weighed on prices, as it could allow more Russian fuel to enter the global market. Oil prices fall as Trump eases … Read more

Microsoft pulls out of Nscale data center deal in UK amid power supply delays, report says

Microsoft exits Nscale's UK data center deal amid power supply delays in Essex. (Representative)

Microsoft has pulled out of an agreement with British cloud computing company Nscale for a data center project in the UK, Britain’s The Telegraph newspaper reported on Sunday. Microsoft exits Nscale’s UK data center deal amid power supply delays in Essex. (Representative) The US technology giant recently terminated its agreement for a data center in … Read more

US gas prices hit $4.35 as diesel tops $6.27 amid global oil supply fears

US gas prices average $4.35 per gallon as diesel prices remain above $6. (Pexel)

US gasoline prices have stayed above $4 per gallon for a record number of days in 2026. On Wednesday, the national average price crossed the $4 mark for the 158th day this year. This broke the previous record of 157 days, set in 2022, according to a GasBuddy analysis. US gas prices average $4.35 per … Read more