Browsing: oil

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…

Two weeks into the US-Israel war with Iran, the White House was fielding heavy criticism that the conflict would drive up gas prices and frustrate voters.…

On the weekend that US-Israeli drones first began to rain down on Tehran, energy traders across the world’s major financial centres began to redraw their strategies.When…

A month has passed since the US and Israel’s war on Iran all but closed the strait of Hormuz, through which about a fifth of the…

Oil prices have soared after Donald Trump vowed in a televised speech to hit Iran “extremely hard” over the coming weeks, knocking hopes of a near-term…

US crude oil hits $110 a barrelUS crude has surged over $110 a barrel today, for the first time in over three weeks.The price of a…

Oil prices tumbled and stock markets have rallied across the world after Donald Trump said the war in Iran would end in “two to three weeks”.Brent…

Lunchtime summaryAs the clocks ring noon in the City of London, here’s the situation.European and Asia-Pacific stock markets have rallied sharply, after Donald Trump signalled that…

The price of oil hit nearly $117 (£89) a barrel on Monday as Donald Trump threatened to “blow up” and “completely obliterate” Iranian electricity plants, oil…