Business
Asia: Stocks rally as Iran-Israel ceasefire holds, oil claws back some losses
Most equities extended a global rally on Wednesday (Jun 25) after Iran and Israel agreed to a ceasefire that ended more than a week of…
Tag
Oil
Culture
Oil trades on fear, not just barrels, as geopolitics and prediction markets take hold
When even Goldman Sachs is tracking crypto-based prediction platform Polymarket to get a read on the risks facing oil markets, you know…
News
Oil prices drop 6% as Israel-Iran ceasefire reduces Middle East supply risk
Oil prices fell 6 per cent on Tuesday (Jun 24) to settle at a two-week low, on expectations the ceasefire between Israel and Iran will…
News
Federal drilling permits rise under Trump as U.S. oil production surges to new records
President Trump's declaration of an energy emergency has helped clear hurdles and push the U.S. to the fastest rate of new oil and gas…
News
Oil prices drop as Israel agrees to ceasefire with Iran
Oil prices tumbled by nearly 5% on Tuesday after Israel agreed to a ceasefire with Iran after nearly two weeks of conflict. Brent crude,…
Business
Global Markets Jump, Oil Drops 3.4% as Trump Claims Israel-Iran Ceasefire
US President Donald Trump announced a ceasefire between Iran and Israel through a social media post, though Iran and Israel continued…
Business
Wall Street, oil markets take Iran turmoil in stride -- for now
President Trump warned oil-producing nations on Monday to keep prices down and ordered his team to increase domestic production…
Business
How oil prices are faring after U.S. strikes on Iranian nuclear sites
Global markets appeared to take the U.S. strike against nuclear targets in Iran in stride as investors watched Monday to see how Iran will…
Business
Looming Hormuz blockade threatens Asia’s energy lifeline, unsettling oil market
Oil and liquified natural gas (LNG) buyers in Asia have been unsettled by the Iranian parliament greenlighting a plan to close the Strait…
Business
Possible Hormuz blockade threatens Asia’s energy lifeline, unsettling oil market
Oil and liquified natural gas (LNG) buyers in Asia have been unsettled by the Iranian parliament greenlighting a plan to close the Strait…
Business
Asia: Market trade lower; oil prices spike after US strikes on Iran
Oil prices surged and Asian markets traded lower on Monday on concerns of disruption to energy markets after US air strikes on Iran’s…
Business
Asia-Pacific markets fall after US strikes on Iran; oil prices surge, dollar strengthens
Asia-Pacific markets declined in early trade on Monday morning, as oil prices surged and the US dollar reacted, after the US launched…
Business
Singapore, Asia-Pacific markets pare losses after US strikes on Iran; oil prices give back some gains
Asia-Pacific markets recovered some losses while oil prices gave back some gains by Monday (Jun 23) afternoon,following declines in the…
News
Oil hits five-month high after US hits key Iranian nuclear sites
Oil prices jumped on Monday to their highest since January as the United States’ weekend move to join Israel in attacking Iran’s nuclear…
Fashion
Iran Votes to Close Strait of Hormuz that Could Put One-Fifth of World's Oil Supply at Risk and Trigger Sharp Rise in Global Crude Prices
Iran's parliament has voted to close down the Strait of Hormuz, a crucial maritime route that handles around 20 percent of the world's…
Business
Investors brace for oil price spike, rush to havens after US bombs Iran nuclear sites
A US attack on Iranian nuclear sites could lead to a knee-jerk reaction in global markets when they reopen, sending oil prices higher and…
News
Oil prices settle lower as US sanctions ease fears of escalation in Iran
Oil prices settled down on Friday (Jun 20) as the US imposed new Iran-related sanctions, marking a diplomatic approach that fed hopes of a…
Business
Asia: Stocks drop after Fed warning, oil dips with Middle East in focus
Asian stocks fell on Thursday after the Federal Reserve warned Donald Trump’s trade war would likely reignite US inflation and dampen…
Business
Abu Dhabi state oil firm makes US$18.7 billion bid for Australia’s Santos
Abu Dhabi’s state-owned oil company is leading a takeover bid for Australian energy group Santos, valuing it at US$18.7 billion, the two…
Business
Malaysia’s oil giant Petronas looks abroad to help cut production costs
Petroliam Nasional (Petronas), Malaysia’s state-owned oil and gas company, is looking to expand output from more affordable assets abroad…
Business
Oil market, long numb to war risk, confronts weekend of worry
The past two years of escalating tensions in the Middle East have taught oil traders to be sanguine about the risk of disruption to oil…
Business
Wall Street Slips as Iran-Israel Conflict Sparks Oil Rally and Market Jitters
Investor enthusiasm for stocks waned on Friday as geopolitical tensions resurfaced, driving all three major U.S. indexes into the red.…
Business
Oil settles up 7% as Israel, Iran trade air strikes
Oil prices jumped on Friday (Jun 13) and settled 7 per cent higher as Israel and Iran traded air strikes, feeding investor worries that…
News
Oil Soars Nearly 7% on Israel-Iran Strikes, Stirring Middle East Supply Worries
With tensions escalating and concerns mounting over a broader war in the Middle East, oil prices surged nearly 7% on Friday after Israel…