Brent pares gains after hitting 4-year highs as report stokes worries of U.S. military action against Iran
Brent crude surged to its highest levels since early 2022, before paring gains, as the Middle East conflict chokes supplies.
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Brent crude surged to its highest levels since early 2022, before paring gains, as the Middle East conflict chokes supplies.
The war in the Middle East and the oil price surge it caused have destroyed 1.6 million barrels daily in demand, ING commodity analysts said in a note today, ad
Threat comes days after German Chancellor Friedrich Merz criticised US strategy in Iran
Yorkshire installers report up to a tenfold increase in interest since the start of the Iran war.
Inflation has hit 50% during conflict while many expect Strait of Hormuz stand-off to exacerbate stagnation
After putting on a united front during the Iran war, the Gulf’s most consequential rivalry has burst into the open again
Brent crude rises 4.5 per cent above $123 a barrel in Asian trading to highest level since conflict began
Oil prices push higher, approaching another wartime high, as President Trump asserted that the naval blockade of Iran’s ports would persist.
Axios reported that US Central Command has prepared a plan for a wave of "short and powerful" strikes on Iran.

US military commanders to brief Trump on new options against Iran, Axios reports

China’s factory activity extends expansion, PMI shows, as Iran war risks mount
Brent crude has surged to its highest levels since mid-2022, LSEG data shows, as the Middle East conflict chokes supplies.
Oil extended gains Thursday on signs of a prolonged U.S. blockade of Iranian exports and stalled nuclear negotiations.
The United Arab Emirates is walking away from OPEC this May. The New York Times’ energy reporter, Rebecca Elliott, breaks down how the war with Iran provided th
The price of crude oil has swung sharply as uncertainty over the war in the Middle East continues.
Future base rate changes are hard to predict as analysts judge the economic impact of the Iran war.
Oil prices extended their rally on Wednesday after reports emerged that the U.S. will tighten its blockade on Iranian ports, prolonging fears of reduced oil sup

Trump holds talks on prolonged Iran blockade, urges Tehran to reach a deal
Use of costly missiles and air defence interceptors raises alarm about US readiness for other conflicts
Powell's news conference after holding rates covered the US-Israel war with Iran, inflation, legal attacks, and the Fed's independence.