Asia markets open higher as hopes for a U.S.-Iran deal rise and oil prices drop
Asia-Pacific markets track overnight gains in U.S. stocks on lower oil prices amid hopes of a Iran-U.S. deal
Tag: Oil
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U.S. oil prices fall 5% on hope Iran peace talks will continue
An aerial view shows the Chevron EL Segundo refinery, one of the largest petroleum processing facilities in California, on April 8, 2026 as seen from above Manhattan Beach, California. Mario Tama | Getty Images Oil prices fell Tuesday, after Vice President JD Vance indicated that U.S. and Iran could meet for another round of talks…
Africa: Ecocide in Venezuela – Oil, Mining and the Risks of Foreign Investment
As Western oil and mining companies move back into Venezuela, satellite data reveals oil spills, toxic pollution and deforestation, exposing the environmental risks of renewed foreign investment A new era of resource extraction in Venezuela 13 April marks 100 days since the US capture of Venezuelan President Nicolas Maduro – an intervention explicitly driven by…
Oil back above $100 as US to blockade Iranian ports after peace talks fail
The failure of negotiations at the weekend has raised concerns that the global energy crisis will deepen.
Iran war ceasefire sends oil prices tumbling and stocks soaring
Stocks roared higher at the opening bell Wednesday, after President Donald Trump announced a two-week ceasefire between the United States and Iran, bringing a pause to the war that started more than a month ago. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. Official statements from Washington and…
‘Our geography is our oil’: Why Djibouti hosts many foreign military bases | Military News
Djibouti is a country of fewer than a million people with no significant natural resources. It also hosts the densest cluster of foreign military bases in the world, with bases from the United States, China, France, Japan and Italy operating within miles of each other along its coastline. Recommended Stories list of 3 itemsend of…
U.S.-Iran ceasefire relief rally lifts global assets as oil plunges below $100
A 2-week ceasefire between the U.S. and Iran sparked a broad-based relief rally across risk assets, and even buoying traditional safe havens.
Oil slides after US-Iran ceasefire deal to open Strait of Hormuz
In a social media post on Tuesday evening, Trump said: “I agree to suspend the bombing and attack of Iran for a period of two weeks… subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz”.
Africa: Crude Oil – Middle East Crisis Pushes Buyers to Focus On Nigeria, Other African Producers
Global energy analysts have predicted that Nigeria, along with other oil-producing African countries, will become a major beneficiary of the ongoing Middle East conflict. According to industry observers, leading energy giants in Africa, including Nigeria, Libya, Angola, Gabon, Mozambique, Namibia, and Tanzania, are increasingly seen as lower-risk alternatives to Middle Eastern crude suppliers. The ongoing…
Oil rises as Trump warns Iran to open Strait of Hormuz by Tuesday
Satellite view of the Strait of Hormuz, a critical chokepoint for global energy supply, connecting the Persian Gulf to the Gulf of Oman. Gallo Images | Getty Images Oil prices rose on Sunday with U.S. crude topping $114 per barrel, after President Donald Trump gave Iran until Tuesday to open the Strait of Hormuz or…