A stock broker at the Prudential Brokerage office follows the Hang Seng Index results in Hong Kong in March 2020. Sopa Images | Lightrocket | Getty Images Asia-Pacific markets were set to open mixed Wednesday as investors continue to grapple with volatile oil prices, while uncertainty over negotiations between Iran and the U.S. to end…
The Brugge oil tanker anchored off the Port of Long Beach in Long Beach, California, US, on Thursday, May 7, 2026. Tim Rue | Bloomberg | Getty Images U.S. oil prices jumped 5% Monday after President Donald Trump told CNBC he did not care if talks with Iran come to an end. West Texas Intermediate…
The price of oil rose sharply on Monday, after Iranian government-aligned media reported that the country was cutting off talks with the United States to end the ongoing war. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. U.S. crude oil soared as much as 8.5% to nearly $95…
The oil market might face a new reality after the Iran war in which exports through the Strait of Hormuz do not return to the levels once considered normal, as shipowners now have to weigh the risk that fighting could abruptly break out in the volatile Persian Gulf. And Western commercial ships will likely hesitate…
Trump said on Saturday that an agreement would include the reopening of the Strait of Hormuz, without giving further details.
Japan’s Nikkei 225 breached 64,000 for the first time Monday as a sharp decline in oil prices lifted risk sentiment in holiday-thinned trading.
TotalEnergies is sustainably growing a multi-pronged offshore strategy in Angola, combining deepwater project development, brownfield optimization and frontier exploration as the company expands its long-term position in the country. The oil major is also betting on asset development in Nigeria, where it has significant investment in prolific producing assets. The company’s Angola country manager, Martin…
EDITORIAL | Kenya’s G-to-G oil deal smells increasingly like a sovereign transfer of wealth to private firms The Kenyan public was promised stability. What it may have received instead is one of the most opaque and politically loaded commercial arrangements in recent memory. When Nairobi unveiled its Government-to-Government (G-to-G) oil import deal with Saudi Arabia…
APA Corporation’s Beryl Alpha oil platform in the North Sea. Courtesy: APA Corporation Oil prices fell on Tuesday after U.S. President Donald Trump said he would postpone a planned military strike on Iran following requests from key Middle Eastern leaders, easing fears of an imminent escalation that could further disrupt global crude supplies. International benchmark Brent…
Washington, DC — As we’re all being painfully reminded, cutting off for any length of time the fifth of the world’s oil supply that passes through the Strait of Hormuz has an extraordinarily negative impact on commerce and lives here and everywhere. But what if we could get even half of that oil another way?…
