In a stunning reversal, India halts Russian oil imports under pressure from the US, marking a pivotal moment in global trade dynamics. This move threatens to unravel the BRICS alliance as India seeks new partnerships to replace Russian crude.
In a bold move, President Trump announces a new, shorter deadline for Putin to agree to a ceasefire in Ukraine, threatening heavy sanctions if Russia doesn't comply. What could this mean for global oil markets?
OPEC+ is set to ramp up oil production more quickly than anticipated, as the alliance led by Saudi Arabia responds to robust summer demand. This move aims to reclaim market share and unwind recent output cuts a year ahead of schedule.
As tensions escalate between Israel and Iran, fears rise over potential Iranian action to close the Strait of Hormuz, a critical oil passageway. The implications for global oil prices and the economy could be profound.
Tensions soar as the U.S. strikes Iranian nuclear sites, prompting fears of conflict in the Middle East. Could Iran retaliate by closing the vital Strait of Hormuz?
Investors are on edge as stocks decline and oil prices rise following U.S. strikes on Iranian nuclear sites. The potential for conflict escalation in the Middle East is raising concerns about global oil supply and market stability.
US Secretary of State Marco Rubio has called on China to intervene as Iran considers closing the critical Strait of Hormuz, a move that could drastically impact global oil prices and economies.
In a dramatic response to U.S. airstrikes on its nuclear sites, Iran's Parliament has voted to close the critical Strait of Hormuz, raising fears of a global oil crisis. The final decision rests with the Supreme National Security Council, as tensions escalate.
Iran's parliament has backed a controversial move to close the Strait of Hormuz, a key oil transit route. This could lead to soaring oil prices and significant global economic repercussions. However, analysts suggest such a closure might be unlikely due to strong US military presence in the region.
U.S. Secretary of State Marco Rubio calls on China to intervene as Iran threatens to close the Strait of Hormuz following U.S. military strikes. The closure could trigger a global oil crisis.
