Oil prices ease as US pauses Project Freedom to seek deal with Iran
President Donald Trump raised hopes of an agreement between the US and Iran after days of escalation.
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Oil prices surge as violence flares in Strait of Hormuz | Oil and Gas News
Brent crude rises nearly 6 percent as soaring tensions in waterway push ceasefire to the brink. Published On 5 May 20265 May 2026 Oil prices have risen sharply as violence in the Strait of Hormuz cast doubt over the fragile ceasefire between the United States and Iran. Brent crude, the primary benchmark for oil prices…
Japan PM says Iran war oil crisis having ‘enormous impact’ in Asia Pacific | Energy News
Sanae Takaichi makes comments during a visit to Australia, where she signs agreements on energy supplies. Published On 4 May 20264 May 2026 The global oil supply squeeze from shipping disruptions in the Strait of Hormuz during the United States-Israeli war on Iran is having an “enormous impact” across the Asia Pacific, Japan’s prime minister…
SA stretches fuel tax relief as oil prices surge
The government will extend fuel tax cuts for another two months to cushion the impact of the Iran war on households, but that the relief would end after that and it would recoup the lost tax revenue in other ways. The US-Israeli war against Iran has caused the biggest oil supply disruption in history, the…
Oil tanker hijacked off coast of Yemen and taken towards Somalia
Somali piracy, which was on the decline since 2011, has surged again since late 2023, when Houthi rebels began attacking ships in the Gulf of Aden and Red Sea. The attacks forced international navies to instead tackle the Houthi threat, thus allowing armed groups on the Somali coast to take advantage of the security lapse.
Trump says US forces are ‘like pirates’ taking Iranian oil | US-Israel war on Iran
NewsFeed Donald Trump says US forces are ‘like pirates’ taking over Iranian ships and cargo near the Strait of Hormuz. The US is maintaining a blockade of Iran’s ports and has seized at least three Iranian flagged vessels. Published On 2 May 20262 May 2026 Click here to share on social media share-nodes Share googleAdd…
Iran war pushes oil prices to 4-year high as Hegseth set to face fresh round of questioning
U.S.-Israeli attacks launched previously during negotiations with Iran have led to a complete loss of trust in the United States, Iran’s president Masoud Pezeshkian said Thursday, according to Mizan News, the news agency of Iran’s powerful judiciary branch. In a phone call with Belarusian president Alexander Lukashenko, a close ally of Russia’s Vladimir Putin, Pezeshkian…
Oil pares gains, Trump ‘to be briefed’ on military options against Iran
Alexander Manzyuk | Reuters Oil prices turned lower on Thursday shortly after Brent crude notched a four-year high on a report that the U.S. military would brief President Donald Trump on potential action against Iran. Axios reported that the U.S. Central Command was set to present Trump plans for a possible military action against Iran,…
United Arab Emirates to quit oil cartel Opec
The UAE leaving Opec is seen as a major blow and potential death knell for the oil cartel.
Oil prices rise as U.S. and Iran appear locked in a costly stalemate
World shares were mixed Monday as the price of Brent Crude oil jumped $2.50 a barrel early in the day as talks on ending the war between the U.S. and Iran remained snagged. Disruptions to shipping through the Strait of Hormuz have pushed oil prices sharply higher since the war began. On Monday, Brent futures…