Tag: Oil prices
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Oil prices steady as investors cautious over Iran-Oman talks
Aug 6 : Oil prices held steady on Thursday amid market caution over whether talks between Iran and Oman will restore flows through the Strait of Hormuz, while reports of attacks on Saudi tankers in the Red Sea and Gulf of Aden renewed supply tensions.Brent crude futures gained 9 cents, or 0.11 per cent, to…
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Oil prices slip as Iran-Oman talks fuel hopes for US-Iran peace deal
TOKYO, Aug 6 : Oil prices slipped on Thursday as investors assessed whether progress in Iran-Oman talks could pave the way for a U.S.-Iran peace deal to end the five-month war and reopen the Strait of Hormuz. Brent crude futures fell 37 cents, or 0.5 per cent, to $79.08 a barrel by 0024 GMT. U.S.…
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Oil drops, stocks hit records on hopes of Hormuz opening
Oil prices fell to a three-week low after the US said a deal with Iran to reopen the Strait of Hormuz to shipping could be reached “today or tomorrow”.
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Oil prices fall on hopes Strait of Hormuz could reopen
US Secretary of State Marco Rubio and Treasury Secretary Scott Bessent both announced talks had progressed to allow shipments to resume.
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Stocks rise despite higher oil prices as Iran tensions persist
Aug 4 : European stocks climbed alongside U.S. futures on Tuesday, although a rebound in oil prices underscored market scepticism that the U.S.-Iran war would be resolved quickly through diplomacy.Meanwhile the yen eased, but held on to most of its intervention-driven gains after last week’s joint action by T
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Oil prices drop 7% to three-week low after Trump cancels attack on Iran
NEW YORK, Aug 3 : Oil prices fell about 7 per cent to a three-week low on Monday after U.S. President Donald Trump held off on a fresh attack on Iran in the hope of sealing a quick deal that could boost oil supplies from the Gulf.Front-month Brent futures fell $6.35, or 7.0 per cent,…
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Oil prices drop 5% to three-week low after Trump cancels attack on Iran
NEW YORK, Aug 3 : Oil prices fell about 5 per cent to a three-week low on Monday after U.S. President Donald Trump held off on a fresh attack on Iran in the hope of sealing a quick deal that could boost oil supplies from the Gulf.Brent futures fell $4.41, or 5.0 per cent, to…
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Oil prices drop after Trump cancels attack on Iran to seek deal
LONDON, Aug 3 : Oil prices fell more than $5 a barrel on Monday after U.S. President Donald Trump held off a fresh attack on Iran as he sought a quick deal with Iran, which said that no talks were planned.Brent crude futures fell $5.04, or 5.73 per cent, to $82.89 by 1218 GMT, having…
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Oil prices drop after Trump cancels attack on Iran to seek nuclear deal
LONDON, Aug 3 : Oil prices fell more than $4 a barrel on Monday after U.S. President Donald Trump held off a fresh attack on Iran as he sought a quick deal that would halt Tehran’s nuclear ambitions and reopen the Strait of Hormuz.Brent crude futures fell $4.23, or 4.8 per cent, to $83.70 by…
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Oil prices sink on Middle East hopes, yen extends gains after joint intervention
HONG KONG: Oil prices tumbled Monday (Aug 3) as Donald Trump said fresh talks with Iran will begin later in the day, while the yen extended gains after US and Japanese officials confirmed a rare joint intervention to prop up the currency.The positive development in the five-month Middle East war did little to
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