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.
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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…
Trump says Iran war will still take weeks, oil prices rise with no plan to open Strait of Hormuz
Israel’s military said Thursday that it had struck “dozens of headquarters, weapons storage facilities, launch sites, and anti-tank missile positions” belonging to the Iranian-backed Hezbollah group in Lebanon over the last 24 hours. The IDF said it would continue to “operate decisively against the Hezbollah terror organization” in Lebanon “to remove the threat posed to…
Oil extends gains after record monthly rally as Trump signals Iran war exit amid energy disruptions
Smoke emanates from smokestacks from an oil refinery in Linden, New Jersey, on March 18, 2026. Kena Betancur | AFP | Getty Images Crude prices extended gains during Asia trading as escalating attacks in the Persian Gulf and U.S. President Donald Trump‘s signals on exiting the Iran conflict even as the Strait of Hormuz remains…
Trump renews threat to Iran’s power plants as war sends oil prices soaring again
At least two Chinese cargo ships that were blocked by Iran last week as they tried to transit the Strait of Hormuz managed to traverse the key waterway on Monday, according to tracking data from the MarineTraffic website. Iran’s Islamic Revolutionary Guard Corps naval forces appeared to make an example of the vessels, and one…
Russia welcomes arrival of oil tanker in Cuba amid U.S. oil blockade
An old Soviet-era Lada car drives past a truck belonging to a private Cuban company (mipyme) parked in front of a gas station with an IsoTank of imported fuel in Havana on March 19, 2026. Adalberto Roque | Afp | Getty Images The Kremlin on Monday welcomed the arrival of a Russian-flagged oil tanker to…
Trump says his ‘preference’ would be to ‘take the oil in Iran’
President Donald Trump said Sunday that he would like to “take the oil in Iran” and is considering seizing the export hub of Kharg Island, which is responsible for more than 90% of Iran’s oil exports. In an interview with the Financial Times, Trump said his “preference would be to take the oil.” “To be…
Trump says he has “no problem” with Russian tanker bringing oil to Cuba despite blockade
President Trump on Sunday night said he has “no problem” with a Russian oil tanker off the coast of Cuba delivering relief to the island, which has been brought to its knees by a U.S. oil blockade. “We have a tanker out there. We don’t mind having somebody get a boatload because they need… they…