US Strikes Iran; Tehran Targets Bahrain Airbase in

The United States launched airstrikes against Iranian military installations on Thursday night, marking a significant escalation…

IEA Chief Warns Strait of Hormuz Crisis Threatens Energy

The head of the International Energy Agency (IEA) warned that global energy security is at risk…

UK Nationalizes British Steel, China Warns of Investment

The United Kingdom officially nationalized British Steel on Thursday, a move the government described as necessary…

Oil Prices Rise Amid Ongoing Middle East Tensions

Oil prices increased on Friday as tensions in the Middle East continued to escalate. This week,…

US-Iran Tensions Escalate, Shipping Traffic in Hormuz Slumps

Tensions between the United States and Iran intensified this week, leading to a significant decline in…

European stocks gain modestly amid US-Iran conflict concerns

European stocks posted modest gains on Thursday, with the pan-European Stoxx 600 index rising 0.16% to…

IEA Forecasts First Global Oil Demand Drop Since 2020

The International Energy Agency (IEA) has projected a decline in global oil demand for the first…

Yemen’s Houthi Rebels Renew Conflict, Threaten Oil Supply

Yemen's Houthi rebels have reignited conflict this week, raising concerns about potential disruptions to global oil…

China’s Crude Oil Imports Hit Decade Low Amid Tensions

China's crude oil imports fell to a decade low in June, reaching 7.12 million barrels per…

Oil prices decline amid US-Iran tensions, remain elevated

Oil prices settled lower on Thursday, July 16, but remained near their highest levels since mid-June…