Middle East conflict

Oil prices climbed over 1% as Middle East tensions and supply disruption fears kept global markets on edge, with Brent crude topping $105 a barrel.

KEY POINTS South African citrus farmers have raised concerns over isolated diesel shortages ahead of the country’s critical export season, warning that supply constraints and rising fuel prices could disrupt …

KEY POINTS France and Italy have reportedly initiated diplomatic contacts with Iran in an effort to ensure the safe passage of their commercial vessels through the Strait of Hormuz, a …

KEY POINTS The International Energy Agency, IEA, has warned that the ongoing conflict in the Middle East is causing what could become the largest supply disruption in the history of …

KEY POINTS The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has warned that petrol prices in Nigeria could soar to nearly ₦2,000 per litre if the ongoing crisis …

Oil prices rose nearly 2% on supply fears as escalating Middle East tensions, including possible Israeli retaliation against Iran, shook markets

Oil prices slid over 4% following reports of a potential Hezbollah-Israel ceasefire, easing market fears of broader conflict in the Middle East.

Oil prices recorded significant weekly gains amid heightened Middle East conflict fears. President Biden’s caution against targeting Iranian oil helped limit the surge.

Oil prices surged as violence in the Middle East escalated, raising concerns about supply disruptions, though a stable global outlook has kept gains in check.

Oil prices edged up on Monday, supported by geopolitical concerns in the Middle East and the U.S. Federal Reserve’s recent interest rate cut, which is expected to boost economic activity …