Tag: energy markets

Oil prices surge as Brent nears $125

Economy April 30, 2026 at 09:08

Oil prices surged further on Thursday, a day after the White House signalled preparations for a prolonged blockade of Iranian ports in response to...

Oil prices rise as US–Iran talks stall

Economy April 27, 2026 at 09:13

Markets react to geopolitical uncertainty Oil prices recorded a sharp increase in early Asian trading on Monday, driven by a lack of progress in US–Iran...

US and Iran agree ceasefire; Strait of Hormuz to reopen

International April 8, 2026 at 08:53

Pakistan mediates last-minute breakthrough The United States and Iran agreed to a ceasefire late Tuesday following a last-minute diplomatic intervention led by Pakistan, halting a...

Which countries dominate global oil production?

Economy April 7, 2026 at 15:11

US leads global output in 2025 Global oil production continues to be dominated by a small group of countries, with the United States maintaining its...