Tag: oil prices

Iran Sends US Peace Terms via Qatar as Oil Crosses $100 a Barrel

Iran's security chief says Tehran has sent Washington conditions to end the war through Qatar, including lifting the US naval blockade, as oil crosses $100

Iran War Cost US $38 Billion, Missile Stockpile Needs 5 Years to Rebuild

The CBO estimates the Iran war cost the Pentagon $38.1 billion through August 1 and depleted missile stockpiles so heavily rebuilding could take five years

Brent Oil Tops $108 as Saudi Pipeline Shutdown Enters Second Week

Brent crude rose above $108 on Tuesday as Saudi Arabia's East-West pipeline stayed shut, with Houthi strikes and halted Yanbu loadings deepening supply fea

UN Says 100,000 Displaced in Yemen as Houthis Threaten New Saudi Strikes

The UN says more than 100,000 people have fled fighting in Yemen as Houthis threaten new Saudi strikes and Brent crude rises to $108 a barrel.

Trump Says U.S. May Keep Iranian Oil as Hormuz Talks Are Postponed

Trump said the U.S. could keep Iranian oil like Venezuela as a Gulf-Iran meeting in Oman over the Strait of Hormuz was postponed.

Ryanair Warns Airfares Could Jump Next Year If Oil Stays High

Ryanair CEO Michael O'Leary warned airfares could jump next year if oil stays high, as the airline cut its passenger target and shares trade near a one-yea

Iranian Lawmaker Says Nuclear Treaty No Longer Binding

An Iranian lawmaker said Sept 12 that Tehran no longer regards the Nuclear Non-Proliferation Treaty as binding, amid the current round of hostilities.

Houthis Seize Yemen’s Entire Red Sea Coast Near Bab al-Mandab Strait

Yemen's Houthi forces have taken control of nearly the entire western Red Sea coastline near the Bab al-Mandab Strait, a key global shipping and oil route.

Oil Falls Below $100 as U.S. Diesel Hits Fresh $6 Record

U.S. crude slipped below $100 a barrel on Friday after weekly gains, while diesel passed $6 for the first time, setting a fresh record.

US Diesel Hits Record $6.06 a Gallon as Iran War Squeezes Supply

U.S. diesel prices reached a record $6.06 per gallon on September 11 as the Iran and Ukraine wars tightened fuel supply and raised transport costs.

ECB Hike Reverses FTSE 100 Gains as Oil Surge Rattles London Stocks

The FTSE 100 reversed gains Thursday after the ECB raised rates and oil prices surged, with markets split 50-50 on another October hike.

Trump Says Iran War Will End Right After November Midterms

President Donald Trump said on Wednesday the war with Iran would end immediately after the November midterm elections, tying oil prices to the same date.