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Oil price rises above 95 mark as Middle East conflict escalates Oil markets have tightened again as the price of Brent crude moved above $95 a barrel, returning to a level not seen for six weeks and reflecting fresh…
As the US and Iran intensify rhetoric before a possible deal on the Strait of Hormuz, Brent crude prices are affected by rising tensions and conflict reports
Brent crude has surged to $100 a barrel as escalating military action in the Middle East and tanker attacks in the Red Sea trigger fresh concerns over global energy supply stability
Poland's state-backed energy group Orlen is moving to diversify crude oil supplies as disruptions linked to Saudi oil flows push European refiners to look more widely across global markets. ## Orlen looks beyond Saudi…
Oil prices climbed sharply on Thursday after reports that an Iranian parliamentary committee is reviewing a proposal that could restrict US and Israeli vessels from the Strait of Hormuz. The move added fresh supply-risk…
Crude has returned to the $100 mark for the first time since May, as traders weigh escalating conflict risks spanning the Persian Gulf and the Red Sea.
Asian shares moved higher as investors returned to the artificial intelligence trade, helping technology stocks recover from a recent sell-off. The rebound came even as markets digested setbacks tied to Elon Musk's…
Oil prices moved higher as U.S.-Iran diplomacy stalled and reduced traffic through the Strait of Hormuz renewed concern about global energy supplies.
Oil price slides as us and iran pause fire cancer treatments were among the day’s key business themes in The Guardian Business live coverage, with markets reacting quickly to signs that the latest Middle East flare-up…
Amid ongoing military conflict between the United States and Iran, which is inflicting significant pressure on commercial shipping and undermining hopes of a quick resolution, tensions have again escalated over the…
Crude prices are climbing again after Houthi claims of attacks on tankers in the Red Sea, raising fresh questions about fuel costs, inflation and global
Oil price nerves have returned for businesses that were hoping fuel costs would settle, with shipping risks and Middle East tension complicating planning again. It is the kind of update that people search for because it…
U.S. markets hovered near record territory as oil volatility, high Treasury yields and July inflation data kept investors cautious.
Pakistan enters FY2027 with stronger reserves and remittances, but renewed Middle East conflict and volatile oil prices threaten inflation and the trade balance.
The G7 nations will release 100 million barrels of oil and diesel to stabilize prices amid threats of a U.S. export ban, impacting global supply chains
The Pakistan Stock Exchange saw a notable decline as investors capitalized on gains from the recent rally, amid rising oil prices and political uncertainty
Shipping tensions around the Strait of Hormuz are rising as US-Iran clashes, tanker incidents and nuclear diplomacy add pressure to global energy routes.
The Strait of Hormuz crisis is becoming an economic warning for Pakistan as fuel imports, LNG supplies, freight costs and inflation risks converge.
Global oil prices moved higher after fresh reports of disruption in two of the world’s most closely watched shipping routes, underscoring how quickly tensions in the Middle East can ripple through energy markets…
ExxonMobil and Chevron reported combined second-quarter profits of $26.5 billion as conflict-driven oil prices lifted producer earnings and increased costs for motorists.
Germany’s factory sector delivered a brighter-than-expected reading in June, offering a sign of resilience in Europe’s largest economy even as global markets remained cautious, according to The Guardian Business. The…
OGRA raised petrol by Rs2.97 a litre while cutting diesel by over Rs32, a split move that will hit car owners lightly but ease pressure on freight and food prices.
A three-day pause in U.S. strikes on Iran has prompted a cooling of oil prices, though Washington maintains that military options remain available as regional tensions persist
Saudi Arabia temporarily halted operations on its East-West oil pipeline after reported drone strikes against parts of the route, adding a new layer of concern to regional energy security at a time when shipping routes…