24 articles — keywords: Iran War, Iran Attack
Brent crude briefly topped $126 a barrel Thursday while the Strait of Hormuz remains effectively closed to shipping.
Strong corporate earnings have outweighed investor fears about oil disruptions and a closed Strait of Hormuz.
Soaring fuel prices tied to the Iran War are complicating airline and hotel booking outlooks heading into summer travel season.
The House Armed Services Committee hearing will be the first time lawmakers can publicly question the defense secretary since the US-Israel war against Iran began February 28.
Brent crude has climbed to $110 a barrel since the Strait of Hormuz was effectively closed in February.
The British energy giant posted $3.2 billion in underlying profit, beating analyst expectations of $2.63 billion, as fighting disrupted Strait of Hormuz shipping.
Trump extended the U.S.-Iran ceasefire indefinitely but also ordered the military to destroy vessels laying mines in the Strait of Hormuz.
Brent crude climbed to $103.34 per barrel after reports the U.S. intercepted at least three Iranian oil tankers in Asian waters.
The Office for National Statistics said fuel prices posted their largest monthly increase in over three years, with food and airfares also rising.
The UAE warned it may shift to the Chinese yuan for oil transactions if it runs short on dollars.
IMF spring meetings bring policymakers together to assess economic damage from the U.S.-Iran war, with ripple effects hitting commodity markets and supply chains worldwide.
An energy shock stemming from the US-Iran war is rattling investor confidence in the world's fastest-growing major economy, triggering an unprecedented exodus of foreign capital from Indian equities.
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