Oil jumps 20pct in July as war festers with blockades, attacks
Oil fell at the end of a volatile week, but remained on track for the biggest monthly gain since March as the US-Iran war escalated.
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.
U.S. hits Nigeria, South Africa, and 58 other economies with 12.5pct tariff
The United States has unveiled a sweeping new tariff regime targeting imports from 60 economies, with Nigeria, South Africa, Egypt, Morocco, Algeria, Angola and dozens of other countries set to face a 12.5% tariff as President Donald Trump rebuilds his global trade wall under Section 301 of the Trade Act of 1974.
Brent oil nears $100 on supply fears
Brent crude traded near $100 a barrel after Houthi attacks on tankers in the Red Sea opened a new front in the Middle East conflict, while President Donald Trump threatened to extend US strikes on Iran.
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.
African central banks set to hold rates as inflation fears grow
African policymakers are set to keep interest rates higher for longer as renewed hostilities between the US and Iran fan fresh inflation fears, especially in countries that are net fuel importers.
US-Iran strikes extend to 10th day as Houthis threaten new front
The US and Iran exchanged strikes for a 10th consecutive day even as mediators sought to revive a truce, while the Houthi militant group in Yemen threatened shipping in the Red Sea.
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.