TEHRAN, IRAN – MARCH 10: Smoke rises among the residential buildings following an Israeli attack on Tehran, Iran on March 10, 2025. Israeli army’s announcement of a new wave of attacks on Tehran. (Photo by Fatemeh Bahrami/Anadolu via Getty Images) Anadolu | Anadolu | Getty Images Oil rose Thursday, after fresh strikes on Iran by…
This picture taken on March 26, 2026 shows an oil tanker unloading crude oil at a port in Yantai, in China’s eastern Shandong province. CN-STR | Afp | Getty Images Iran is likely to face challenges in clearing its oil inventories even after restrictions on its energy imports are lifted, as its biggest customer tweaks…
Zelensky said on Saturday morning that the targets hit in St Petersburg and the surrounding region were about 850km (528 miles) from Ukraine’s border. The extent of the damage was not immediately clear, but a video posted by the Ukrainian president showed a drone flying towards a target and a huge column of black smoke…
Nairobi — African governments and industry players have been urged to integrate sustainability into the expansion of the continent’s palm oil industry as production grows to meet rising regional and global demand. Speaking during the RSPO Africa Supply Chain Forum 2026 in Nairobi, Roundtable on Sustainable Palm Oil (RSPO) Head of Africa Market Transformation Elikplim…
Oil tankers and cargo vessels remain anchored off Port Sultan Qaboos on June 21, 2026 in Muscat, Oman. Elke Scholiers | Getty Images Oil extended declines on Friday as investors monitored developments in the Middle East conflict while assessing whether recent diplomatic efforts would reduce the risk of supply chain disruptions. International benchmark Brent crude futures for August…
Oman’s Foreign Minister Sayyid Badr bin Hamad Al Busaidi, speaking Thursday after meeting with fellow top diplomats from Persian Gulf nations and U.S. Secretary of State Marco Rubio, said “future arrangements concerning the Strait of Hormuz will not involve imposing any transit fees.” Al Busaidi “reiterated Oman’s support for the memorandum of understanding signed between…
The price of Brent crude has reached its lowest since February 27, before the war started. Published On 25 Jun 202625 Jun 2026 Oil prices have extended their decline to levels last seen before the start of the Iran war, as expectations of rising supply from the Middle East outweighed demand concerns. Prompt-month Brent crude…
Cabinet ministers, Permanent Secretaries and heads of government agencies have concluded an inspection tour of key oil, gas and Africa Cup of Nations 2027 projects in the Bunyoro sub-region, expressing satisfaction with the pace of implementation. The delegation, led by Vice President Jessica Alupo, began its field visit at Hoima City Stadium on Saturday before…
There are moments when life in Moscow feels completely normal – Thursday morning wasn’t one of them, writes Steve Rosenberg.
At least 20 oil tankers have crossed the Strait of Hormuz since the U.S. and Iran began to reopen the sea lane to commercial ship traffic, according to the trade intelligence firm Kpler. Tanker transits on Thursday hit the highest level since June 2, the firm said. However, traffic is still below prewar levels when…
