(BOE Report) – Oil prices have soared while share markets have skidded on fears that the escalating U.S.-Israeli war on Iran will squeeze energy supplies and hamstring industries around the world. Following are actions that governments are taking or plan to take to reduce the impact of the war on their economies. SOUTH KOREA PLANS FUEL CAP South Korean President
(Investing) – LONDON – Oil prices surged to more than $119 a barrel on Monday, hitting levels not seen since mid-2022, as some major producers cut supplies and fears of prolonged shipping disruption gripped the market due to the expanding U.S.-Israeli war with Iran. Brent crude futures were up $8.77, or 9.46%, at $101.46 per barrel at 1339 GMT, while U.S. West
(By Oil & Gas 360) – Energy markets are increasingly being driven by geopolitical risk rather than traditional supply-demand fundamentals, and major banks are beginning to adjust their outlooks accordingly. Investment banks have started lifting crude price forecasts as tensions around the Strait of Hormuz raise the possibility of supply disruptions from one of the world’s most critical energy corridors.
(Investing) – Oil prices soared Friday, with Brent climbing above $90/bbl, after the release of weak U.S. jobs data, adding to previous gains as the escalating conflict in the Middle East raised concerns over global supply disruptions. At 09:30 ET (14:47 GMT), Brent Oil Futures expiring in May gained 6.6% to $91.10 per barrel, while West Texas Intermediate (WTI) crude futures gained 9.5%
( Investing) – Oil prices jumped more than 3% on Thursday, extending a rally as the escalating U.S.-Israeli war with Iran disrupted supplies and shipping, driving some major producers in the Middle East to reduce output. Brent crude was up $2.92, or 3.59%, at $84.32 per barrel by 11:43 a.m. EST (1643GMT), a fifth session of gains. U.S. West Texas Intermediate crude rose $4.40,
(By Oil & Gas 360) – Oil prices have climbed as infrastructure attacks and rising tensions involving Iran renew concern over the security of supply routes near the Strait of Hormuz. The waterway remains one of the world’s most important energy corridors, and even the threat of disruption is enough to lift prices. For investors, the key question is not whether
(Investing) – Oil prices rose sharply Monday on concerns of increasing supply disruptions after the U.S. and Israel launched a wave of attacks against Iran. At 11:23 ET (16:23 GMT), Brent oil futures surged 6.8% to $77.80 a barrel, after earlier climbing to its highest level since January 2025, while West Texas Intermediate crude futures rose 5.7% to $70.85 a barrel, just below its highest
(Investing) – NEW YORK – Oil prices were little changed near a seven-month high on Tuesday as traders waited for news from nuclear talks between the U.S. and Iran. Brent futures fell 25 cents, or 0.4%, to $71.24 a barrel at 10:41 a.m. EST (1541 GMT), while U.S. West Texas Intermediate crude fell 25 cents, or 0.4%, to $66.06. Earlier in the
(Investing) – LONDON- Oil prices reached a six-month high on Monday as the U.S. and Iran prepared for a third round of nuclear talks while increased economic uncertainty was also in focus after the latest U.S. tariff upheaval. Brent crude futures were up 62 cents or nearly 0.9% at $72.38 a barrel, a fresh six-month high, by 1432 GMT while U.S.
(Investing) – The U.S. appears to be “likely at this stage” to conduct a military operation in Iran, although the scope and goals of any actions remain an open question, according to analysts at Raymond James. In a note to clients, the Raymond James analysts including Ellen Ehrnrooth and Ed Mills predicted that the Trump administration may prefer a “more
(Investing) – LONDON – Oil prices rose on Thursday, driven by growing concerns about potential military conflict between the U.S. and Iran as both stepped up military activity in the oil-producing Middle East. Brent futures were up $1.13, or 1.6%, to $71.48 a barrel at 1418 GMT, while U.S. West Texas Intermediate (WTI) crude was up $1.16, or 1.8%, at $66.35. After advancing more
(Investing) – LONDON – Oil prices steadied on Friday after U.S. inflation data, recovering from an earlier dip on news that OPEC+ is leaning towards a resumption in production increases. Brent crude futures gained 9 cents, or 0.13%, to $67.61 a barrel by 1424 GMT. U.S. West Texas Intermediate crude was unchanged from the previous close at $62.84 at the same time. Both oil
