Tag: oil
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Iranian oil tankers pass US blockade ahead of peace deal signing
The naval blockade began on 13 April and targeted all vessels entering or departing Iranian ports and coastal areas.
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The bikers battling extreme heat and armed conflict to smuggle Iranian fuel to Pakistan
It’s so hot the fuel can catch fire – the bikers tell the BBC they must live with the risk of injury and death.
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Sigh of relief in Africa as the Strait of Hormuz ‘reopens’
A potential US-Iran agreement could lower energy-, fertilizer- and food prices in Africa if the Strait of Hormuz fully reopens. Oil exporters such as Nigeria and Angola might have to cope with less revenue, experts say.
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US-Iran deal may not bring quick relief for auto shops
TOKYO/DETROIT, June 16 : Tokyo auto shops and Detroit car dealerships have been running short of motor oil, paint and other products for months since the Middle East conflict snarled global supply chains.Now, while a potential deal between the U.S. and Iran may bring an end to the fighting, industry experts a
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Oil rebounds on concerns about US-Iran peace deal, restoration of supply
June 16 : Oil prices rebounded on Tuesday on concerns about the lack of details in a preliminary agreement ending the war between the U.S. and Iran and the realization the resumption of supply through the key Strait of Hormuz may take longer than thought.Brent crude futures gained 26 cents, or 0.3 per cent, t
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Oil falls 5% to three-month low as US, Iran reach peace deal to reopen Strait of Hormuz
HOUSTON, June 15 : Oil prices slumped 5 per cent to a three-month low on Monday amid a broad selloff after the U.S. and Iran said they agreed terms to end their war and reopen the Strait of Hormuz. Brent crude futures fell $4.38, or 5.02 per cent, to $82.95 a barrel by 10:54 a.m.…
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US energy shares slump as Iran deal lowers Hormuz supply disruption risk
June 15 : U.S. energy shares fell on Monday as crude prices dropped after Washington and Tehran agreed terms to end their months-long conflict and reopen the Strait of Hormuz, a vital oil transit chokepoint.The U.S. and Iran will sign a memorandum of understanding in Switzerland on Friday, said the prime m
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US-Iran deal: When will oil prices fall?
A potential US-Iran deal to end the war and reopen the Strait of Hormuz could ease the global energy crunch, but oil prices and supplies may take months to stabilize as shipping restarts and infrastructure recovers.
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The US and Iran have agreed a deal. How soon could things go back to normal?
Experts warn the impact of the war will continue to affect the global economy for months to come.
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Oil hits 3-month low as US, Iran reach peace deal to reopen Strait of Hormuz
LONDON, June 15 : Oil prices slipped to a 3-month low on Monday after U.S. President Donald Trump and Iran’s deputy foreign minister said they had reached an initial deal to end the war and to resume traffic through the Strait of Hormuz.Brent crude futures fell $4.33, or nearly 5 per cent, to $83.00 a…
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