Global oil prices fell about 5% on Monday after the United States and Iran paused military strikes over the weekend, raising hopes that diplomacy could reduce tensions and restore normal oil shipments through the Strait of Hormuz. Brent crude dropped $4.89, or 5.05%, to $91.89 per barrel, while US West Texas Intermediate (WTI) crude fell […]
global oil
US, Iran conflict enters seventh night with fresh strikes and maritime tensions
The conflict between the United States and Iran intensified on Saturday as both countries exchanged fresh attacks for a seventh consecutive night, further escalating tensions after the collapse of a fragile ceasefire agreement. Read More: US pressure stalls Hormuz agreement: Iran According to US Central Command, American forces carried out strikes on Iranian military targets, including […]
Iran plans controlled shipping system for Strait of Hormuz
Iran has announced plans to introduce a new mechanism for regulating maritime traffic through the Strait of Hormuz, one of the world’s most strategically important energy corridors. Iranian officials said the proposed framework would organise vessel movement through designated routes while strengthening trade security and enforcing national sovereignty in the sensitive waterway. Moreover, the system […]
US-Iran tensions persist despite calm around Strait of Hormuz
A fragile calm returned to the Strait of Hormuz on Saturday after days of clashes, yet the United States and Iran remained far from reaching an agreement to end more than two months of conflict. Washington continued waiting for Tehran’s response to its latest proposal aimed at formally ending the war before beginning broader negotiations […]
Oil prices hold firm as US–Iran tensions support market
Global oil prices remained steady on Wednesday as ongoing diplomatic talks between the United States and Iran created uncertainty, while geopolitical tensions continued to provide underlying support to the energy market. Brent crude traded near $69 per barrel, while U.S. West Texas Intermediate hovered around $64, reflecting cautious optimism among traders waiting for clearer signals […]