Tag: oil
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Oil prices hit one-week low after US, Iran pause fighting over weekend
LONDON , July 27 : Oil prices tumbled 7 per cent on Monday, hitting a one-week low, after the U.S. and Iran paused strikes over the weekend following two weeks of attacks, raising hopes of a diplomatic solution that would de-escalate the conflict and allow shipping to resume in the Strait of Hormuz. Brent cr
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Oil price dives as US and Iran pause attacks
The US says attacks on Iran have been halted to give “talks some space”, raising hopes of a resolution to the conflict.
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Oil prices drop after US, Iran pause fighting over weekend
LONDON , July 27 : Oil prices tumbled more than 5 per cent on Monday after the U.S. and Iran paused strikes over the weekend following two weeks of attacks, raising hopes of a diplomatic solution that would de-escalate the conflict and allow shipping to resume in the Strait of Hormuz. Brent crude futures fel
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Shares, bonds bounce as oil skid offers inflation relief
SYDNEY, July 27 : Share markets rallied in Asia on Monday as a pause in fighting in the Gulf dragged oil prices sharply lower, easing inflation risks and boosting bonds ahead of a packed week of central bank meetings and corporate earnings.Iran said on Sunday it would halt its own attacks as long as the…
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Oil retreats from above $100, but set for weekly rise on Middle East escalation
LONDON, July 24 : Oil futures prices fell over 3 per cent on Friday but are still set for hefty weekly gains because of concerns about disrupted energy flows in the Red Sea and fears of further escalation in the U.S.-Israeli war with Iran. Brent futures fell nearly $4, or 3.96 per cent, to $96.70…
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Iran war’s economic impact
The Iran war and the disruption to shipping through the Strait of Hormuz is making everything from energy and transport to fertilizer and food more expensive.
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Oil prices head for weekly rise on Middle East escalation
LONDON, July 24 : Oil futures prices retreated on Friday but are still set for hefty weekly gains because of concerns about disrupted energy flows in the Red Sea and fears of further escalation in the U.S.-Israeli war with Iran. Brent futures fell $1.82, or 1.81 per cent, to $98.87 a barrel at 0747 GMT,…
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Asian stocks sink, bonds struggle as oil spike stokes rate risks
SYDNEY, July 24 : Asian shares sank on Friday as a near 40 per cent rise in oil prices this month due to the intensifying conflict in the Gulf revived inflation fears, rattling bond markets and stoking rate hike expectations globally. European bourses, however, are headed for a steady open after losses a day
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Stocks suffer fresh blow as markets hit by perfect storm
Markets now face the resurgent Middle East war, a spike in oil prices back past US$100 and worries about the artificial intelligence investment boom.
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Asian stocks skid as oil spike revives inflation fears, bonds take a hit
SYDNEY, July 24 : Asian shares fell on Friday as oil prices stormed back above $100 a barrel amid an intensifying conflict in the Gulf, rattling bond markets and reviving fears of a fresh inflation shock.Brent crude held at $100.85 a barrel, after surging 7 per cent overnight to a two-month high of $102 as…
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