US lifts sanctions on some Iranian oil as gas prices soar
The treasury secretary says the move will quickly bring about 140m barrels of oil to global markets.
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Oil and gas prices rise after gas field strike
“As previously warned, if the fuel, energy, gas, and economic infrastructures of our country are attacked by the American-Zionist enemy, in addition to a powerful counterattack against the enemy, we will severely strike the origin of that aggression as well,” the military said in a statement published by Tasnim.
Africa: These Are Shaky Times for Oil Markets. an Expert Explains What a Prolonged War Will Mean for Prices
The US-Israel strikes on Iran have launched one of the most dramatic conflicts in the Middle East in living memory. Aside from military targets, Iranian forces have attacked commercial shipping and infrastructure in the region. The objective is simple: to disrupt oil exports and weaken its opponents’ economies. While the oil market is perfectly capable…
Iran war keeps gas prices up, with Strait of Hormuz paralyzed despite Trump’s demands
The European Union is seeking more strategic clarity about the U.S. and Israel’s plans for Iran and when the conflict might end as the bloc weighs whether to send ships to help shore up security in the Persian Gulf. Without confirming any specific international commitments, President Trump said in a social media post on Saturday…
AI demand drives ruthenium prices to new highs
Ruthenium, a minor metal in the platinum-group metals (PGMs), has surged to an all-time high as supply constraints and growing demand linked to artificial intelligence tighten the market, analysts and producers said. A block with the symbol, atomic number and mass number of Ruthenium (Ru) element in this illustration. Image credit: Reuters/Dado Ruvic/Illustration Used in…
Oil above $100 as as market shrugs off U.S. measures to reduce prices
The Callisto tanker sits anchored in Port Sultan Qaboos as the traffic is down in the Strait of Hormuz, amid the U.S.-Israeli conflict with Iran, in Muscat, Oman, March 12, 2026. Benoit Tessier | Reuters Brent crude oil held above $100 on Friday as the Iran war heads toward its third week, with oil tanker…
Stoxx 600, FTSE, DAX, CAC, Iran news, oil prices
Oil prices surged about 20% on Monday as the U.S.-Israeli war with Iran continued, raising fears of prolonged disruptions to energy supplies. Anton Petrus | Moment | Getty Images LONDON — European stocks opened the week’s final trading session in negative territory, as investors continued to weigh the ongoing conflict in the Middle East and its lasting…
Africa: Oil Prices Soar Above $100 Per Barrel As Us/Israel War On Iran Disrupts Supply
Global oil prices have surged past $100 per barrel for the first time in over five years as the escalating conflict involving the United States, Israel and Iran disrupts supplies through the Strait of Hormuz. The price of Brent crude has jumped to $109.18 per barrel, crossing the $100 mark for the first time in…
As U.S.-Israeli war with Iran intensifies, Trump says he has “a plan” for oil prices
President Trump weighed in Monday on the plight of Iran’s national women’s soccer team, who were caught up in the geopolitical ramifications of the U.S.-Israeli war on their home country as they participated in the women’s Asian Cup in Australia, offering them asylum in the U.S. There were calls for Australia to offer the women…
iStore prices MacBook Neo at R11 999 in South Africa
Shannon Stapleton/Reuters Apple retailer iStore has opened pre-orders for Apple’s new MacBook Neo at R11 999 for the 256GB model and R13 999 for the 512GB version – pricing that could tempt a significant volume of PC buyers to the Mac platform. At the current exchange rate, the US base price translates to roughly R10 900,…