The price of oil rose sharply on Monday, after Iranian government-aligned media reported that the country was cutting off talks with the United States to end the ongoing war. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. U.S. crude oil soared as much as 8.5% to nearly $95…
Trump said on Saturday that an agreement would include the reopening of the Strait of Hormuz, without giving further details.
Rolfo | Moment | Getty Images This summer, mega artist Harry Styles will take the stage at Madison Square Garden in New York City for an exclusive 30-show residency – his only planned stop in the country and a show that’s garnered intense attention since its announcement. Despite her best efforts, Shira Elfassy won’t be…
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…
Anticipation is building for next month’s World Cup Soccer Tournament, and so are costs, for both fans and the host cities. Adam Yamaguchi has more.
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…
The world’s third-largest oil importer announced increased fuel prices and austerity measures due to the energy crisis. By Reuters and The Associated Press Published On 15 May 202615 May 2026 India has raised fuel prices by about 3 percent as the energy crisis driven by the Iran war and closure of the Strait of Hormuz…
President Donald Trump raised hopes of an agreement between the US and Iran after days of escalation.
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…
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…
