Oil prices fall as Trump postpones Iran strike, easing supply fears

Oil prices fall as Trump postpones Iran strike, easing supply fears

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…

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Soaring fuel prices are changing South Africa’s EV market

Soaring fuel prices are changing South Africa’s EV market

The escalating conflict in the Middle East has sent shockwaves far beyond the geopolitical arena, landing squarely at South African filling stations. As diesel prices breach the R30-per-litre mark, fuelled by supply disruptions linked to the conflict involving the U.S., Israel, and Iran, the traditional calculus of transport is being fundamentally rewritten. Industry leaders suggest…

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Iran war pushes oil prices to 4-year high as Hegseth set to face fresh round of questioning

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…

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