Markets
South Korea Receives Crucial Oil Shipment Amid Hormuz Tensions
A Malta-flagged tanker delivered 1 million barrels of crude oil to South Korea, a shipment representing 35-50% of daily consumption, highlighting reliance...
#oil markets 7 articles
Markets
Oil Prices Climb Sharply as US-Iran Peace Talks Stall
Oil prices surged Friday, extending weekly gains, as US-Iran peace negotiations showed little progress and tensions escalated in the Middle East, impacting...
Investing
US Ends Russian, Iranian Oil Waivers Amid Geopolitical Tensions
Treasury Secretary Scott Bessent confirms the U.S. will not renew waivers for Russian oil at sea or Iranian oil, citing a blockade...
Markets
Gold Registers Weekly Loss: Mideast Tensions Escalate
Gold prices recorded a 3% weekly decline, with spot gold falling to $4,685.70 an ounce, as stalled U.S.-Iran peace talks and the...
Stocks
Middle East Oil Recovery to Take Months, CERA Warns
Middle East oil producers will need months to restore output post-war, signaling extended market tightness, according to CERA research from S&P Global...
Stocks
Iran Links Hormuz Safety to US Conflict Deal
Iran has proposed allowing ships to exit the Omani side of the Strait of Hormuz free of attack, contingent on a deal...
Finance
US Fuel Prices Soar: Global Markets, Not Gas Stations, Drive Costs
U.S. drivers face the highest pump prices since 2022, with the national average topping $4 a gallon. Experts confirm these costs are...