Tag: oil prices

Global crude oil prices surged more than 2 per cent on Thursday, with Brent crude climbing above $96 a barrel after Iran-backed Houthi militants claimed responsibility for attacks on two Saudi Arabian oil tankers in the Red Sea, raising concerns over global supply disruptions.

~Abhishek Vij It was believed that a ceasefire had been reached between the US and Iran despite Israel’s disobedience. Iran’s accounts would be de-frozen within 60 days and it would receive war compensation. There were also talks of increasing trade between the two countries. Furthermore, the US claimed to have established a lasting peace. Meanwhile,.

Although a ceasefire was reached approximately 110 days into the conflict involving the US, Israel, and Iran, the divergent stances of the nations involved continue to hinder the establishment of lasting peace. US President Donald Trump boasts that they have prevented Iran from developing a nuclear bomb and that the route through Hormuz is now.

Indian equity markets opened higher on Wednesday, with the Nifty crossing the 24,000 mark and the Sensex gaining around

Global crude oil prices declined by almost 1 per cent on Wednesday as investors and traders assessed the possibility that the Iran conflict

Global crude oil prices could surge to as high as $150 per barrel if hostilities between the US and Iran resume in earnest, according to a report.

Global oil prices extended their gains for a third straight session as escalating tensions in the Gulf region and the continued deadlock in Iran-US peace negotiations fuelled concerns over potential disruptions to global energy supplies. Investors remain on edge amid renewed military hostilities and uncertainty surrounding the future of diplomatic efforts between Washington and Tehran..

There is no shortage of petrol, diesel or LPG in the country and petrol pumps that are not giving fuel or giving fuel in reduced quantities

The conflict between the United States and Iran has triggered a severe energy price shock through Pakistan’s economy which is in dire straits with rising inflation, dwindling foreign exchange reserves and a fast-depreciating currency.

Mumbai: Global stock markets opened lower on Tuesday as renewed geopolitical tensions in the Strait of Hormuz dampened investor sentiment and triggered risk-off trading across major indices. Oil Prices Spike on Supply Fears Crude oil prices surged to around USD 113 per barrel as fears of supply disruptions in the key Middle East shipping route.