Markets
Oil Prices Jump as Iran Deal Stalls
Oil prices surged Monday, recouping recent losses, as uncertainty surrounding a potential peace deal with Iran intensified. Brent crude futures rose 3.3%...
#oil markets 32 articles
World Business
US-Iran Deal Progress Stalls as Israel Widens Lebanon Offensive
US and Iran exchange draft changes for a ceasefire and Strait of Hormuz deal, but progress remains uncertain as Israel expands its...
Markets
Saudi Aramco CEO: Strait of Hormuz Closure Costs 100 Million Barrels Weekly
The CEO of Saudi Aramco reports a weekly loss of 100 million barrels due to the Strait of Hormuz closure, driving oil...
Stocks
Trump: U.S.-Iran Peace Deal on Strait of Hormuz ‘Largely Negotiated’
President Trump announced a peace deal with Iran to reopen the Strait of Hormuz is 'largely negotiated' and will be announced soon.
Markets
Gold Holds Steady Near Seven-Week Lows Amid Geopolitical Shifts
Gold prices remained largely unchanged on Wednesday, trading near seven-week lows at $4,482.58 an ounce, as a stronger dollar and rising Treasury...
Stocks
Oil Prices Climb, Bond Yields Rise as Iran Standoff Persists
Global markets faced pressure Monday from rising oil prices and climbing bond yields. The ongoing U.S.-Iran standoff continues to disrupt shipping lanes...
Stocks
Aramco CEO: Oil Market Normalization Delayed to 2027
Saudi Aramco CEO Amin Nasser warns global oil markets may not normalize until 2027, citing Strait of Hormuz disruptions unless the Iran...
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...
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...