Tag: oil
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Oil climbs to one-month high as US, Iran step up attacks in Strait of Hormuz
Oil prices are at their highest since the two countries signed a memorandum of understanding to end the war in June.
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Tech stocks skid, bond yields rise as Gulf conflict sends oil surging
July 13 : Tech stocks fell sharply and government bond yields rose on Monday as investors grappled with concerns over a fresh escalation in the Middle East conflict and valuations in AI-related shares.U.S. and Iranian forces renewed exchanges of heavy missile and drone assaults, with Tehran saying it had agai
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Shares skid in Asia as oil climbs on Gulf conflict
SYDNEY, July 13 : Share markets slid in Asia on Monday as fighting intensified in the Gulf and Iran claimed to have closed the vital Strait of Hormuz, sending oil prices surging and rekindling inflation risks globally. The dollar rose with bond yields as investors narrowed the odds of a hike in interest rates
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Shares slip in Asia as oil jumps on Gulf attacks
SYDNEY, July 13 : Share markets slipped in Asia on Monday as fighting intensified in the Gulf and Iran claimed to have closed the vital Strait of Hormuz, sending oil prices surging and rekindling inflation risks globally. The dollar gained with bond yields as investors nudged up the chance of a hike in intere
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Cuba suffers second nationwide blackout in five days
Cuba’s electricity grid has crumbled amid a six-month US fuel blockade and already dilapidated energy infrastructure.
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Wall Street climbs, oil slides as investors bet on AI growth over Middle East tensions
WASHINGTON, July 10 : Stocks climbed and oil prices slipped somewhat as investors retained AI-related enthusiasm and shrugged off the ongoing dispute between the U.S. and Iran.All three major U.S. indices ended the day higher Friday, with the Dow Jones Industrial Average rising 0.29 per cent, the S&P 500 clim
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Oil heads for weekly gains as Middle East supply risks persist
LONDON, July 10 : Oil prices rose on Friday and were on track for weekly gains as renewed U.S.-Iran fighting disrupted shipping in the Strait of Hormuz, stoking concerns over supply disruptions.Brent futures were up 60 cents, or 0.8 per cent, at $76.90 a barrel by 1131 GMT. U.S. West Texas Intermediate (WTI)
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Ukrainian drone strikes ignite fires at Russian oil sites
An overnight assault reached key oil facilities in southern Russia, adding pressure to a fuel network already strained by repeated Ukrainian strikes.
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Oil heads for weekly gain as Middle East supply risks persist
NEW DELHI, July 10 : Oil prices rose on Friday and were set for weekly gains because of renewed fears of supply disruptions from the key Middle East producing region after renewed fighting between the U.S. and Iran this week curtailed shipping in the Strait of Hormuz.Brent futures were up 19 cents, or
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Is the Strait of Hormuz still Iran’s trump card?
Iran’s latest attacks show it can easily disrupt shipping, energy markets and draw in Gulf neighbors. DW asks how much leverage Tehran really has over Washington and if its high-risk strategy could backfire.
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