Oil prices fall as Iran proposes new US talks
Oil prices fall as Iran proposes new US talks

The price of oil fell on Friday after Iranian media reported that Tehran had proposed fresh talks with the United States in a message sent via mediator Pakistan, reports BSS. A barrel of West Texas Intermediate (WTI) fell briefly more than five percent, dipping below the symbolic $100 mark,...

Asian markets fall, oil rises as Iran war talks stall
Asian markets fall, oil rises as Iran war talks stall

Stock markets across Asia fell on Tuesday while oil prices extended gains, as efforts to end the Iran conflict appeared to lose momentum. Despite a fragile ceasefire, the Strait of Hormuz remains largely closed, disrupting a key route for global oil supplies. Many Asian economies, particularly...

Iran signals openness to reopen Strait of Hormuz if US ends blockade, war
Iran signals openness to reopen Strait of Hormuz if US ends blockade, war

Iran has indicated it could ease restrictions on the Strait of Hormuz if the United States lifts its blockade and agrees to end the ongoing conflict, according to two regional officials familiar with the proposal, reports AP. The offer, reportedly conveyed to Washington via Pakistan, would defer...

Oil prices rise as Pakistan ceasefire talks stall
Oil prices rise as Pakistan ceasefire talks stall

Oil prices climbed at Sundays open as markets reacted to stalled ceasefire efforts involving Pakistan, reports AP. U.S. benchmark West Texas Intermediate rose 2% to $96.50 a barrel, marking a 44% increase from its pre-war level of around $67. Brent crude, the global benchmark, gained about 3% to...

Oil prices plunge as Wall Street hits record after Hormuz reopening
Oil prices plunge as Wall Street hits record after Hormuz reopening

Oil prices plunged and U.S. stock markets rallied to record highs on Friday after Iran announced the reopening of the Strait of Hormuz to commercial oil shipments, easing fears of a major global supply disruption. Crude prices dropped sharply in New York, retreating to levels seen at the start...

Oil prices up as US threat to block Iranian ports
Oil prices up as US threat to block Iranian ports

Oil prices rose in early market trading Sunday after the US said it would blockade Iranian ports beginning Monday, AP. The price of US crude oil rose 8% to $104.24 a barrel and Brent crude oil, the international standard, rose 7% to $102.29. Brent crude has swung dramatically during the Iran...

No plan to raise edible oil prices immediately: Commerce Minister
No plan to raise edible oil prices immediately: Commerce Minister

Commerce Minister Khandakar Abdul Muktadir on Sunday said there is no immediate plan to increase edible oil prices, stressing the governments focus on maintaining price stability. People are already concerned due to global conflicts and uncertainties. Our priority is to ensure that essential...

Stocks mixed, oil steadies on cautious Iran ceasefire optimism
Stocks mixed, oil steadies on cautious Iran ceasefire optimism

Global stock markets were mixed on Friday, while oil prices steadied as investors remained cautiously optimistic that a fragile ceasefire involving Iran would hold. Sentiment was also supported by US inflation data that came in less severe than feared, reports AFP. Uncertainty persists over...

No sign of war winding down in Middle East
No sign of war winding down in Middle East

There was little indication Friday that the war in the Middle East is slowing. Israel reported incoming fire from Iran, Kuwait and Bahrain said they were under attack, and Iran confirmed eight people were killed near a major bridge hit by a U.S. strike during Persian New Year celebrations, reports...

Oil jumps over 5% as Trump vows continued attacks on Iran
Oil jumps over 5% as Trump vows continued attacks on Iran

Oil prices surged on Thursday after U.S. President Donald Trump said the United States would continue attacks on Iran, raising concerns over ongoing supply disruptions in global energy markets, reports Reuters. Brent crude futures rose $6.33, or 6.3%, to $107.49 per barrel, while West Texas...

US stocks surge on hopes Iran war may end soon
US stocks surge on hopes Iran war may end soon

Wall Street stocks rallied sharply Tuesday while oil prices declined after Masoud Pezeshkian signaled Tehrans willingness to end the war with the United States and Israel, boosting investor optimism about a possible resolution, reports AFP. In a call with the European Council president,...

New fuel oil price to be fixed today
New fuel oil price to be fixed today

The government is scheduled to set the new fuel oil price today to maintain stability in the countrys energy sector, officials said. The announcement was made by Monir Hossain Chowdhury, spokesperson for the Energy and Mineral Resources Department, at a press conference held on Monday at the...

Asian stocks slide, oil surges as Iran conflict pushes US fuel above $4
Asian stocks slide, oil surges as Iran conflict pushes US fuel above $4

Asian stocks tumbled on Tuesday while oil prices surged, as the ongoing Iran-related conflict continued to unsettle global markets and drive up energy costs, reports Al Jazeera. South Koreas benchmark Kospi index led regional losses, plunging 3.82 percentdown more than 200 pointsto 5,075.92 as...

Oil tops $116 a barrel as Iran warns of US invasion
Oil tops $116 a barrel as Iran warns of US invasion

Oil prices surged to nearly two-week highs on Monday as tensions escalated in the US-Israel war on Iran, with Brent crude topping $116 a barrel, up more than 3 percent. The benchmark reached levels not seen since March 19, when it briefly hit $119, reports AFP. Iran warned it was prepared for a...

Bangladesh faces rising energy risks from prolonged Iran war: S&P
Bangladesh faces rising energy risks from prolonged Iran war: S&P

A prolonged conflict in the Middle East could significantly heighten energy-related risks for Bangladesh, according to SP Global Ratings. The agency warns that Bangladesh, along with Pakistan and Sri Lankaand to a lesser extent Laosis particularly vulnerable due to heavy reliance on imported energy...

Oil prices fall as Trump delays Iran strike deadline amid mixed signals
Oil prices fall as Trump delays Iran strike deadline amid mixed signals

Oil prices fell on Friday after US President Donald Trump again delayed a deadline for Iran to reopen the Strait of Hormuz, though global equities also declined as investors reacted cautiously to mixed signals from Washington. Trump had warned last week he would target Irans energy...

Oil prices dip, stocks rally amid US-Iran tensions
Oil prices dip, stocks rally amid US-Iran tensions

Oil prices slipped and global stock markets rallied Wednesday as reports emerged of a US plan to end the war with Iran, only for Tehran to reject the overture, according to state media. Investors initially cheered signs that hostilities could ease, with the safe-haven dollar losing ground. However,...

Russian oil arrives as Philippines battles ‘energy emergency’
Russian oil arrives as Philippines battles ‘energy emergency’

A shipment of more than 700,000 barrels of Russian crude oil has arrived in the Philippines, a source told AFP on Thursday, days after the country declared a national energy emergency amid the Middle East war. The Sierra Leone-flagged tanker Sara Sky, carrying high-quality crude from Russias...

Oil prices fall over 5% after Trump submits peace plan to Iran
Oil prices fall over 5% after Trump submits peace plan to Iran

Brent crude, the global benchmark, fell nearly six percent on Wednesday following US President Donald Trumps submission of a peace plan to Iran. At around 0030 GMT, Brent was down 5.92 percent at $98.30 per barrel, while West Texas Intermediate (WTI) slipped 5.01 percent to $87.72 per barrel,...

Gold hits 4-month low as Middle East tensions drive inflation concerns
Gold hits 4-month low as Middle East tensions drive inflation concerns

Gold prices fell sharply on Monday, slipping more than 2% to reach a nearly four-month low, as escalating tensions in the Middle East stoked inflation fears and expectations of rising global interest rates, reports Reuters. As of 0432 GMT, spot gold had dropped 2.7% to $4,366.94 per ounce,...

Global economy faces 'major threat' from Strait of Hormuz crisis, warns IEA chief
Global economy faces 'major threat' from Strait of Hormuz crisis, warns IEA chief

The global economy is under major threat due to the energy crisis triggered by the ongoing conflict in the Middle East, International Energy Agency (IEA) chief Fatih Birol warned on Monday, adding that no country will be immune to its far-reaching effects, reports AFP. Speaking at the National...

Oil surges 10% after strikes on Qatar energy sites amid Middle East war
Oil surges 10% after strikes on Qatar energy sites amid Middle East war

Oil prices surged 10% on Thursday after Qatar reported extensive damage to major liquefied natural gas facilities following strikes attributed to Iran, intensifying fears over global energy supply disruptions, reports AFP. European natural gas prices also jumped 35% after attacks on Qatars Ras...

Oil rises in Asian trade as Iran war keeps Strait of Hormuz in focus
Oil rises in Asian trade as Iran war keeps Strait of Hormuz in focus

Oil prices rose in Asian trading on Tuesday after retreating a day earlier, with investors closely monitoring developments around the Strait of Hormuz amid the ongoing war involving Iran, reports AFP. At around 0030 GMT, West Texas Intermediate (WTI) gained 1.95 percent to $95.32 per barrel...

US not ready to escort oil tankers through Strait of Hormuz
US not ready to escort oil tankers through Strait of Hormuz

The US Navy is not yet ready to escort oil tankers through the Strait of Hormuz, in another sign that US may not have been fully prepared for the ongoing conflict with Iran. Al Jazeera reported this update, citing US Energy Secretary Chris Wright. According to the reports, speaking to CNBC,...

Samsung Display CEO warns of cost pressure from oil shock amid Iran war
Samsung Display CEO warns of cost pressure from oil shock amid Iran war

The chief executive of Samsung Display warned Thursday that the war involving Iran and the resulting surge in global oil prices could sharply increase the cost of energy and raw materials used in electronics manufacturing, reports Reuters. Chung Yi, president and CEO of Samsung Display, said...

Iran tells world 'get ready for $200 a barrel'
Iran tells world 'get ready for $200 a barrel'

Irans military command on Wednesday warned the world to prepare for oil prices reaching $200 a barrel, as tensions escalated in the Gulf following attacks on several ships, reports Reuters. The spokesperson for Irans military, Ebrahim Zolfaqari, said the warning was directed at the United...

War in the Middle East: How the play is impacting the global economy
War in the Middle East: How the play is impacting the global economy

The war in the Middle East is sending shockwaves through the global economy, rattling energy markets, disrupting shipping routes and prompting governments to consider emergency measures to stabilise fuel supplies. Oil prices fell sharply after US President Donald Trump suggested the conflict was...

Oil plunges, stocks rally as Trump says war ‘pretty much’ complete
Oil plunges, stocks rally as Trump says war ‘pretty much’ complete

Oil prices tumbled and global equities rallied Tuesday after US President Donald Trump suggested the US-Israel war against Iran could end sooner than expected, reports AFP. Crude markets swung sharply over the past 24 hours as the conflict in the oil-rich Middle East entered its second week with...