Tag: oil
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Oil prices rise for 4th day as US strikes on Iran raise fears of wider conflict
TOKYO, July 16 : Oil prices rose for a fourth straight day on Thursday after a new wave of U.S. strikes on Iranian military installations fuelled fears of renewed full-scale conflict and supply disruptions in the Strait of Hormuz.The United States struck Iran’s coastal defences and missile sites on Wednesday
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Oil prices rise as hostilities worsen in the Middle East
LONDON, July 15 : Oil extended gains as the U.S. said it had begun a new wave of strikes against Iranian military installations on Wednesday, aiming to limit Tehran’s ability to strike commercial shipping in the Strait of Hormuz.Washington had earlier reimposed a naval blockade of Iranian ports and launched o
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Oil prices rise 1% as hostilities worsen in the Middle East
LONDON, July 15 : Oil extended gains by around 1 per cent on Wednesday as President Donald Trump reimposed a naval blockade on all Iranian ports and Iran’s Islamic Revolutionary Guard Corps threatened to close “all other export corridors that benefit the U.S. and its allies”.Brent futures gained 69 cents, or
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India news: Landmark trade deal with UK takes effect
The free trade agreement allows zero-duty market access for nearly 99% of India’s exports to the UK. Meanwhile, US senators have proposed a new bill to impose 100% tariffs on India for buying oil from Russia.
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Oil prices rise 2% as hostilities worsen in the Middle East
LONDON, July 15 : Oil extended gains by around 2 per cent on Wednesday as President Donald Trump reimposed a naval blockade on all Iranian ports and Iran’s Islamic Revolutionary Guard Corps threatened to close “all other export corridors that benefit the U.S. and its allies”.Brent futures climbed $1.71, or 2
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Japan refiners to diversify crude sources, explore support for Hormuz bypass routes
TOKYO, July 15 : Japanese oil refiners will diversify supply sources while exploring ways to support Middle Eastern producers, including pipeline expansion projects that bypass the Strait of Hormuz, the head of an industry group said on Wednesday.Here are details:• “It is of the utmost importance to
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Oil rises after US-Iran hostilities flare again with strikes on energy targets
PERTH, July 15 : Oil rose on Wednesday as President Donald Trump reimposed a naval blockade on all Iranian ports and Iran launched retaliatory strikes on U.S. infrastructure in the region.For the second straight session, Brent closed at its highest since June 12 and West Texas Intermediate at its highest sinc
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US troop withdrawal from Iraq set for September, 30
The planned US withdrawal is linked to the disarmament of influential, Iran-backed militias in Iraq.
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Stocks gain on softer inflation, bank results while oil rises on US-Iran hostilities
NEW YORK/LONDON July 14 : Shares were up modestly on Tuesday after softer than expected U.S. inflation data and strong second-quarter earnings from major banks, while oil prices rose for a second day as the U.S. and Iran battled for control of the Strait of Hormuz.The U.S. Consumer Price Index increased by a
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Oil hits four-week high as US-Iran conflict escalates
July 14 : Oil prices rose on Tuesday to their highest in four weeks, after the U.S. reimposed a naval blockade of Iran and renewed attacks between Washington and Tehran heightened concerns over energy flows through the Strait of Hormuz.Brent crude rose to its highest since June 12 and WTI to its highest since
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