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Tag: Oil Prices

Asian shares mixed, oil jumps 4% after Donald Trump rejects Iran’s response to ceasefire proposal

Posted on May 11, 2026 By admin
Asian shares mixed, oil jumps 4% after Donald Trump rejects Iran’s response to ceasefire proposal

Technology-related stocks and growing artificial intelligence-related interest have supported markets in Japan and South Korea despite the Iran war, with the Nikkei 225 and Kospi rising more than 10% and 30%, respectively, over the past month. | Photo Credit: AP Asian stocks were mixed on Monday (May 11, 2026) after Wall Street set more records,…

Read More “Asian shares mixed, oil jumps 4% after Donald Trump rejects Iran’s response to ceasefire proposal” »

Business

Stock markets rally as oil prices decline amid progress in U.S.-Iran talks; Sensex jumps 940 points

Posted on May 6, 2026 By admin
Stock markets rally as oil prices decline amid progress in U.S.-Iran talks; Sensex jumps 940 points

Benchmark Sensex rallied by 940 points on Wednesday (May 6, 2026) following a sharp decline in crude oil prices after U.S. President Donald Trump claimed progress in negotiations with Iran towards an agreement to end the war. Helped by fag-end heavy buying, the 30-share BSE Sensex jumped 940.73 points, or 1.22%, to settle at 77,958.52….

Read More “Stock markets rally as oil prices decline amid progress in U.S.-Iran talks; Sensex jumps 940 points” »

Business

India slams attacks on UNIFIL soldiers, does not name Israel

Posted on April 2, 2026 By admin
India slams attacks on UNIFIL soldiers, does not name Israel

MEA spokesperson Randhir Jaiswal briefs on West Asia crisis amid Donald Trump escalation. The Ministry of External Affairs (MEA) on Thursday (April 2, 2026) emphasised the importance of safeguarding UN Peacekeepers while advocating for accountability amid rising tensions in West Asia. “India has been playing an important role in UN Peacekeeping Operations,” said MEA spokesperson…

Read More “India slams attacks on UNIFIL soldiers, does not name Israel” »

World

Trump temporarily waives maritime shipping law to ease energy costs

Posted on March 18, 2026 By admin
Trump temporarily waives maritime shipping law to ease energy costs

U.S. President Donald Trump’s move to issue a 60-day Jones Act waiver would lift a ban on foreign-flagged vessels transporting cargo between U.S. ports over this period. File | Photo Credit: Reuters U.S. President Donald Trump on Wednesday (March 18, 2026) temporarily waived a century-old shipping law to help ease energy costs that have surged…

Read More “Trump temporarily waives maritime shipping law to ease energy costs” »

World

Oil prices fall more than $2 as Iraqi, Kurdish authorities agree to export deal

Posted on March 18, 2026 By admin
Oil prices fall more than  as Iraqi, Kurdish authorities agree to export deal

Representational image only. File | Photo Credit: Getty Images/iStockphoto Oil prices fell more than $2 per barrel ​on Wednesday (March 18, 2026) to pare some of Tuesday’s (March 17, 2026) sharp gains after the ⁠Iraqi government and Kurdish authorities reached a deal to resume oil exports via Turkiye’s Ceyhan port, providing modest relief to concerns…

Read More “Oil prices fall more than $2 as Iraqi, Kurdish authorities agree to export deal” »

World

Trump urges other nations to send ships to secure Strait of Hormuz

Posted on March 14, 2026 By admin
Trump urges other nations to send ships to secure Strait of Hormuz

U.S. President Donald Trump | Photo Credit: AP U.S. President Donald Trump on Saturday (March 14, 2026) urged other nations to send ships to help secure the Strait of Hormuz, the critical chokepoint for global oil supplies disrupted by the West Asia war. Mr. Trump, who has said the United States will soon start escorting…

Read More “Trump urges other nations to send ships to secure Strait of Hormuz” »

World

Iran war’s effects already a reality in Europe: EU chief

Posted on March 9, 2026 By admin
Iran war’s effects already a reality in Europe: EU chief

A file image of European Union chief Ursula von der Leyen. | Photo Credit: AP The ripples from war in the Middle East are already being felt in Europe, with rising energy prices and NATO allies targeted, EU chief Ursula von der Leyen said Monday (March 9, 2026). Oil prices soared on Monday (March 9,…

Read More “Iran war’s effects already a reality in Europe: EU chief” »

World

Crude Oil Prices Rise After US Shoots Down Iranian Drone In Arabian Sea

Posted on February 4, 2026 By admin

International crude oil prices rose on Wednesday following the US downing of an Iranian drone near an American aircraft carrier in the Arabian Sea. The incident unsettled energy markets, though President Donald Trump emphasized that diplomatic channels remain open, with the White House confirming US-Iran talks are still scheduled for Friday, as per reports. Brent, the global…

Read More “Crude Oil Prices Rise After US Shoots Down Iranian Drone In Arabian Sea” »

Business

Drill, Baby, Drill: Will Trump’s ‘Emergency’ Plan To Make Oil Cheap Work?

Posted on January 28, 2025 By admin
Drill, Baby, Drill: Will Trump’s ‘Emergency’ Plan To Make Oil Cheap Work?

US President Donald Trump, on the very first day of assuming office, laid out a sweeping plan to maximise oil and gas production, including declaring a national energy emergency to speed the permitting of projects, rolling back environmental protections, suspending new federal offshore wind leasing proposals pending an environmental and economic review, and withdrawing the…

Read More “Drill, Baby, Drill: Will Trump’s ‘Emergency’ Plan To Make Oil Cheap Work?” »

Nation

Several OPEC+ nations extend oil cuts to boost prices

Posted on March 4, 2024 By admin
Several OPEC+ nations extend oil cuts to boost prices

Image used for representative purpose only. | Photo Credit: Reuters Moscow, Riyadh and several other OPEC+ members announced extensions to oil production cuts first announced in 2023 as part of an agreement among oil producers to boost prices following economic uncertainty. The plan to extend cuts to mid-2024 comes on top of previous cuts to…

Read More “Several OPEC+ nations extend oil cuts to boost prices” »

World

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