Tag: oil supply

Oil prices top $90 a barrel amid rising Middle East tensions

Economy July 20, 2026 at 10:52

Oil prices rose above $90 a barrel during Asian trading on Monday, reaching their highest level since June as the escalating conflict in the...

Trump makes Iran threat over Hormuz Strait, escalating situation

International April 6, 2026 at 14:43

Expletive-laden threat over shipping lane Trump issues expletive-laden threat to Iran over Hormuz Strait blockageUS President Donald Trump has published an expletive-laden post on social...

Russia oil strikes hit Baltic facilities, causing huge fires

International March 31, 2026 at 15:58

Fires rage at key export infrastructure Satellite imagery and verified videos show that Russia oil strikes by Ukraine have repeatedly targeted major export infrastructure near...

UK weighs Hormuz minesweeping drones deployment

International March 16, 2026 at 09:42

Ministers consider drones to clear vital shipping route Ministers are drawing up plans to send minesweeping drones to the strait of Hormuz amid concerns in...

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...

Popular