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Middle East conflict

  • In the News

    Oil Prices Climb 2% as Middle East Tensions Escalate

    by Ikeoluwa Juliana Ogungbangbe October 22, 2024
    by Ikeoluwa Juliana Ogungbangbe October 22, 2024

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

  • In the News

    Crude Oil Prices Drop Over 4-Percent Amid Possible Hezbollah-Israel Ceasefire

    by Adenike Adeodun October 9, 2024
    by Adenike Adeodun October 9, 2024

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

  • In the News

    Oil Prices Surge Amid Middle East Tensions, Weekly Gains Soar

    by Victor Adetimilehin October 7, 2024
    by Victor Adetimilehin October 7, 2024

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

  • In the News

    Oil Prices Rise Amid Middle East Conflict, But Global Supply Limits Gains

    by Motoni Olodun October 3, 2024
    by Motoni Olodun October 3, 2024

    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.

  • In the News

    Oil Edges Up Following US Rate Cut Move, Geopolitical Concerns

    by Victor Adetimilehin September 23, 2024
    by Victor Adetimilehin September 23, 2024

    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 …

  • In the News

    Oil Prices Climb on US Crude Draw and Rate Cut Hopes, Geopolitical Tensions Linger

    by Victor Adetimilehin June 21, 2024
    by Victor Adetimilehin June 21, 2024

    Oil prices surged on Thursday, fueled by a surprise draw in US crude oil inventories and speculation of a potential interest rate cut by the Federal Reserve. However, geopolitical tensions …

  • In the News

    Oil Prices Surge Amid Escalating Global Tensions

    by Victor Adetimilehin June 19, 2024
    by Victor Adetimilehin June 19, 2024

    Amid escalating geopolitical tensions, oil prices surged due to concerns over potential disruptions in global oil supply chains, affecting market stability and price dynamics.

  • In the News

    Oil Prices Retreat as Middle East Conflict Fears Ease

    by Victor Adetimilehin April 23, 2024
    by Victor Adetimilehin April 23, 2024

    Oil prices retreated on Monday after concerns about potential supply disruptions from the Middle East conflict eased. The market’s focus shifted back to fundamentals, with economic factors like inflation and …

  • In the News

    Oil Prices Brace for Impact After Iran Attacks Israel

    by Victor Adetimilehin April 15, 2024
    by Victor Adetimilehin April 15, 2024

    Oil markets brace for impact after Iran’s surprise attack on Israel. The potential for wider conflict and disruption to global oil supplies keeps markets on edge. Analysts predict an initial …

  • In the News

    Middle East Tensions Fail to Lift Oil Prices Amid Demand Fears

    by Victor Adetimilehin February 20, 2024
    by Victor Adetimilehin February 20, 2024

    Oil prices remained steady on Monday, as the impact of rising geopolitical tensions in the Middle East was offset by signs of weakening demand in the global market. The conflict …

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