Crude oil prices surged over 11% this week, marking the strongest weekly gain in months, as…
Tag: oil
Iran Signals Threat to Red Sea Oil Shipping Amid Tensions
Iran has directed Yemen's Houthi forces to prepare for potential disruptions to the Red Sea oil…
US Senate proposes 100% tariffs on Russian oil buyers
The U.S. Senate has proposed a bill that would impose 100% tariffs on buyers of Russian…
US-Iran tensions disrupt oil flows through Strait of Hormuz
Fighting between the United States and Iran has led to significant disruptions in oil and gas…
Trump’s Renewed Sanctions on Iran Risk Economic Collapse
DUBAI—President Donald Trump has reimposed a blockade on Iran, aiming to cripple the regime's economy and…
US Senators propose 100% tariffs on Russian oil imports
U.S. Senators have renewed their push for tariffs on Russian oil imports, proposing a maximum duty…
Oil Prices Rise Amid Ongoing Middle East Tensions
Oil prices increased on Friday as tensions in the Middle East continued to escalate. This week,…
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…