Tag: oil price surge

Oil prices jump 3% after US strike on Iran, Brent hits $97.71

Economy May 28, 2026 at 11:00

An oil price surge was recorded on Thursday, with crude prices rising by around 3%, as renewed geopolitical tensions in the Middle East rattled...

Airline flights cut by 13,000 in May as fuel prices soar

International May 6, 2026 at 15:32

Thousands of flights cancelled globally Airlines have cut 13,000 flights globally in May as jet fuel prices soar due to the conflict in the Middle...

Interest rate hikes expected in June amid war impact

Economy April 14, 2026 at 15:38

Energy markets under pressure Global energy markets are facing renewed volatility as geopolitical tensions in the Middle East intensify, with analysts warning that the situation...

Oil prices surge on Thursday after Trump threatens Iran

Economy April 3, 2026 at 10:26

Brent and WTI see sharp rises Brent crude oil jumped over 7% on Thursday, while US crude (WTI) surged more than 11%, following threats by...

G7 backs potential oil reserves release

International March 11, 2026 at 16:55

Countries support emergency measures G7 nations have said they would support the collective oil reserves release from their stockpiles to tackle soaring prices since the...

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