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global oil markets

Iran expands Gulf attacks as US strikes enter 10th day

July 21, 2026 by Zuha shahzad

The conflict between the United States and Iran intensified on Tuesday as Tehran launched attacks on American military assets in the Gulf, while Washington carried out its tenth consecutive day of airstrikes targeting Iranian military infrastructure. Read More: Iran renews attacks on Gulf states as US strikes continue According to Iranian authorities, the Islamic Revolutionary Guard […]

Filed Under: Top Stories, World Tagged With: CENTCOM, global oil markets, Houthi rebels, Iran US conflict, Latest, Middle East, Strait of Hormuz

US, Iran tensions rise as strikes and counterattacks intensify

July 16, 2026 by Zuha shahzad

The conflict between the United States and Iran escalated further on Thursday as Washington launched another wave of strikes on Iranian military facilities, while Tehran responded with attacks targeting US assets in Gulf countries. Read More: US, Iran conflict intensifies with fresh strikes and regional retaliation The latest hostilities came after the collapse of a fragile ceasefire and the […]

Filed Under: Top Stories, World Tagged With: Donald Trump, global oil markets, Iranian strikes, Latest, middle east crisis, Strait of Hormuz, US Iran conflict

Iran says no final decision reached on proposed peace deal

June 12, 2026 by Zuha shahzad

Iran said on Friday that no final decision has been made on a proposed peace agreement with the United States, despite President Donald Trump’s claim that a deal to end the ongoing conflict could be signed within days. Speaking to reporters at the White House, Trump said Washington and Tehran had made significant progress and […]

Filed Under: Iran-Israel war, Top Stories, World Tagged With: Donald Trump, global oil markets, Iran US relations, Latest, Middle East conflict, nuclear talks, Strait of Hormuz

UAE denies politics behind OPEC withdrawal

May 16, 2026 by Attia Naveed

The United Arab Emirates defended its withdrawal from OPEC and OPEC+ on Saturday, calling the move a sovereign strategic decision. Energy Minister Suhail Al Mazrouei said the exit followed a review of production policies and future capabilities. The decision matters because it weakens OPEC’s influence over global oil supplies and energy markets. Mazrouei said the […]

Filed Under: Uncategorized Tagged With: crude oil prices, global oil markets, Latest, OPEC+ withdrawal, Saudi Arabia oil policy, Suhail Al Mazrouei, UAE OPEC exit

Iran says US cannot dictate policy to nations

April 28, 2026 by Attia Naveed

Iran has said the United States is no longer in a position to dictate policy to other nations. The statement comes as Washington considers a proposal from Tehran to reopen the Strait of Hormuz. The issue is significant as the waterway remains central to global energy flows and ongoing regional tensions. Iranian defence ministry spokesman […]

Filed Under: World Tagged With: global oil markets, Iran foreign policy, Iran US tensions, Latest, Middle East conflict, Strait of Hormuz crisis, US Iran talks

Oil prices drop as hopes grow for end to Iran conflict

March 10, 2026 by Zuha shahzad

Global oil prices fell sharply on Tuesday after reaching their highest levels in more than three years, as comments from US President Donald Trump raised expectations that the ongoing conflict in the Middle East could end sooner than anticipated. Read More: Govt scrambles to secure fuel as global oil prices surge International benchmark Brent crude dropped $6.51, […]

Filed Under: Business Tagged With: Brent crude, global oil markets, Iran conflict, Latest, Middle East Tensions, oil prices, WTI crude

Fresh explosions in Tehran as Iran warns separatist groups

March 5, 2026 by Zuha shahzad

Fresh explosions were reported in Tehran on Thursday as Iran warned separatist groups against taking advantage of the escalating regional conflict and confirmed strikes on Kurdish factions based in Iraq. Read More: UAE closes Tehran embassy after Iranian missile attacks The widening war, which began on Saturday following joint US-Israeli strikes that killed Iran’s supreme leader, […]

Filed Under: Top Stories, World Tagged With: global oil markets, Iran conflict, Latest, Middle East Tensions, Strait of Hormuz, Tehran blasts, US-Israel Strikes

Israel and Iran trade strikes as region reels from escalation

March 2, 2026 by Zuha shahzad

Israel launched a fresh wave of air strikes on Tehran on Sunday, prompting renewed missile barrages from Iran, a day after the killing of Supreme Leader Ayatollah Ali Khamenei deepened uncertainty across the Middle East and global markets. Read  More: Iran’s leader Khamenei assassinated in US-Israel blitz The escalating confrontation, involving coordinated US and Israeli action, […]

Filed Under: Top Stories, World Tagged With: global oil markets, Israel-Iran conflict, Khamenei death, Latest, Middle East Tensions, Strait of Hormuz, US Iran crisis

Oil prices slide over 2% after Trump eases Iran war fears

January 15, 2026 by maleeha zahid

Oil prices fell sharply in early Asian trade on Thursday after U.S. President Donald Trump said that killings in Iran’s nationwide protests were subsiding, easing fears of a U.S. military strike and potential supply disruption in the Middle East. This change in sentiment helped calm markets and reversed much of the recent rally driven by […]

Filed Under: Business Tagged With: Brent crude falls, crude inventories rise, global oil markets, Latest, oil price drop, Trump Iran impact, WTI crude slide

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