Oil rises as Iran’s draft plan sees U.S. and Israel banned from Strait of Hormuz
Oil rose Friday amid worries over supply disruptions after Iran published a restrictive draft plan for the Strait of Hormuz.
Oil slumps as US pause of Iran strikes cools regional tensions
Oil sank after the US paused strikes against Iran, easing tensions even as the Houthis claimed attacks against Saudi targets.
US gas price back $4
The average price US drivers pay for a gallon of gas has hit $4, as fighting between the United States and Iran intensified, further disrupting oil flows through the Strait of Hormuz.
Iran war has cost US $37.5bn so far, Hegseth says, as Pentagon seeks billions more
The war with Iran has cost the US some $37.5bn (£28bn) so far – an increase of nearly $8bn since the last estimate in May, Defence Secretary Pete Hegseth has said.
Brent crude hovers near $90 as Iran vows not ‘a single drop’ of oil or gas will transit Hormuz
Oil prices rose Monday as the conflict between the U.S. and Iran has heightened concerns over disruptions to energy shipments through the Strait of Hormuz, following another round of U.S. strikes and American military casualties.
Oil prices rise as U.S.-Iran hostilities threaten supply through Strait of Hormuz
Oil prices rose Friday as investors weighed escalating tensions between the U.S. and Iran after Tehran vowed to target regional infrastructure if President Donald Trump followed through on threats to strike the country’s key facilities.
Trump’s Hormuz toll plans bring oil supply risks back in spotlight
President Donald Trump’s plan to impose a 20% fee on cargo passing through the Strait of Hormuz is threatening the global oil surplus, especially if renewed fighting shuts the key waterway again.
U.S. and Iran exchange strikes as Strait of Hormuz standoff escalates
Iran responded to a fresh wave of strikes from U.S. forces over the weekend by launching an attack on American military bases in several Gulf states, deepening a standoff over the strategically vital Strait of Hormuz.
Africa can convert global trade disruptions into industrialisation opportunity – Afreximbank
Africa must reposition its trade infrastructure to capture greater value from global economic shifts, with industrialisation, stronger intra-African trade and improved access to finance identified as key priorities in the African Export-Import Bank’s (Afreximbank’s) latest African trade report.
US to release $12 billion in frozen Iranian funds
Iran’s top negotiator Mohammad Bagher Ghalibaf says an agreement has been reached with the US to release $12bn in frozen Iranian funds.