Browsing: oil

Oil tumbles 10% as Iran declares strait of Hormuz ‘completely open’The oil price is tumbling, after Iran announced that the strait of Hormuz is now open.Crude…

Key eventsShow key events onlyPlease turn on JavaScript to use this featureOpec lowers second-quarter global oil demand forecastOpec, the oil cartel, has predicted that demand for…

The failure of the US and Iran to reach a peace deal after marathon negotiations has put markets on alert for further oil and gas price…

The boss of Abu Dhabi’s state-owned oil company has said the strait of Hormuz is “not open” despite the US-Iran ceasefire agreed earlier this week, as…

Closing postTime to wrap up…The boss of Abu Dhabi’s state-owned oil company has warned that the strait of Hormuz is “not open” despite the US-Iran ceasefire…

The CEO of Delta Air Lines, Ed Bastian, braced customers for higher fares following the surge in oil prices sparked by the US-Israel war on Iran,…

Oil prices tumbled on Wednesday and global stock markets rallied after the US and Iran agreed a two-week conditional ceasefire.Investors welcomed the news that Donald Trump…

Key eventsShow key events onlyPlease turn on JavaScript to use this featureClosing summaryMarkets have been cheered by news of the two-week ceasefire between the US, Israel…

The oil and ‌gas crisis triggered by the blockade of the strait of Hormuz is “more serious than the ones in 1973, ​1979 and 2022 together”,…

Brent crude back above $110 on latest Trump commentsBrent crude has risen above $110 a barrel again, after Donald Trump warned Iran “a whole civilization will…