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.
Tag: prices
Read More
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…
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…
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…
Soaring fuel prices in Pakistan threaten economic and political crises | US-Israel war on Iran News
DEVELOPING STORYDEVELOPING STORY, A huge increase in Pakistan’s fuel import bill from $300 to $800 billion is putting more pressure on the economy. Published On 30 Apr 202630 Apr 2026 The most serious fuel price shock to hit Pakistan in more than half a century threatens to unleash a flood of cascading crises that could…
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…
Africa: Rising Petroleum Prices Rattle Africa’s Insurance Outlook
Kampala, Uganda — Insurance leaders across Africa are warning of a potential economic slowdown as surging global petroleum prices ripple through key sectors, driving up operating costs, inflation and financial risks because of the US-Israel war against Iran, which began on Feb. 28. Speaking at the 11th Continental Reinsurance CEO Summit in Kigali on April…
SK Hynix posts record first-quarter profit, in line with estimates as memory prices climb
A SK Hynix flag (R) and a South Korean national flag (L) flutter outside the company’s Bundang office in Seongnam on Jan. 26, 2024. Jung Yeon-je | Afp | Getty Images South Korean memory chip giant SK Hynix posted yet another quarter of record profit and revenue on Thursday, as prices for its products continue…
Microsoft slashes Xbox Game Pass prices in big strategy shift
Microsoft has slashed the price of Xbox Game Pass in South Africa and globally, less than six months after imposing the steepest price increases in the subscription service’s history. The climbdown is the first major strategic move under new Xbox chief Asha Sharma, and it comes alongside a significant rollback of one of Game Pass’s…
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.