Tag: iran war impact on oil prices

U.S. positive on Iran deal but talks still uncertain as ceasefire end nears

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U.S. positive on Iran deal but talks still uncertain as ceasefire end nears

A man on his scooter passes next to an Iranian flag placed in front of a destroyed building, following a ceasefire between Hezbollah and Israel, in Dahiyeh, Beirut’s southern suburbs, Lebanon, on April 20, 2026. | Photo Credit: AP The United States expressed confidence that peace talks ​with Iran would go ahead in Pakistan and…

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Why the closure of Strait of Hormuz is causing fears about elevating crude oil prices

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Why the closure of Strait of Hormuz is causing fears about elevating crude oil prices

The story so far: Global oil markets are bracing for a potential upward price shock as trade resumes Monday (March 2, 2026) amidst escalation of hostilities in West Asia, as Israel and its ally United States (U.S.) launched air strikes against Iran on Saturday (February 28, 2026), with Tehran acting in retaliation. More importantly for…

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