Oil prices plunge as Iran says Strait 'open'
Brent crude sinks by a tenth after Iran says the key waterway is open for commercial ships for the rest of the ceasefire.
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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
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…
Petrol and diesel prices continue to rise as concerns grow over US-Iran ceasefire
“Based on the fuel industry’s rule of thumb of a 10 to 14-day lag between wholesale cost movements and those at the pump, drivers should expect prices on forecourts to level by next weekend and then fall – providing the ceasefire holds,” said Luke Bosdet, the AA’s spokesman on pump prices.
CPI report may show inflation hitting 2024 levels amid soaring gas prices
The war on inflation could be in for a major setback due to the Iran war. The Consumer Price Index this week is expected to show March prices rose at a 3.3% annual pace, the average of six separate forecasts reviewed by CBS News. That would mark the highest inflation rate since May 2024 and…
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…
Data prices ease, but affordability gap persists
Doris Tshepe, commissioner at the Competition Commission. South Africa’s data prices remain below headline inflation, but still pose a barrier to digital inclusion and economic participation. This is according to the Competition Commission’s (CompCom’s) second Cost of Living (COL) Report, published yesterday. It shows how prices for basic goods and services have changed since 2020,…
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…
China suppliers warn of higher U.S. prices due to Hormuz closure
Pickleball paddle producer Devi Wei has a message for U.S. shoppers. “Americans will have to pay more,” the Chinese businessman told CNBC at a Beijing trade show last week at the China International Exhibition Center. Because of the recent swings in oil prices resulting from the Iran war and closure of the Strait of Hormuz,…
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…