Keywords: Crude oil
Several Gulf states have privately conveyed serious concerns to the Trump administration over the president's threats to target Iranian desalination plants, warning that such strikes could trigger catastrophic retaliation against their own water infrastructure. The warnings reveal a deepening rift......
Traders placed a record $977 million against crude oil in March, pouring capital into the ProShares UltraShort Bloomberg Crude Oil ETF in the largest monthly inflow the fund has recorded since its launch in November 2008. The bet has so far gone badly wrong. SCO, which delivers twice the daily inverse......
Oil markets moved sharply on Monday after conflicting statements from Washington and Tehran raised fresh uncertainty about the ongoing conflict. Prices dropped steeply before recovering part of the losses, as traders reacted to claims of diplomatic progress that were quickly denied by Iranian officials. Brent......
Stock markets across Asia fell sharply on Monday as crude oil prices jumped above $115 per barrel, heightening concerns that escalating tensions between the United States and Iran could damage the global economy. South Korea’s Kospi index dropped more than 8 percent, triggering a circuit breaker......
Tokyo has reportedly instructed a national oil reserve facility to prepare for a possible release of crude oil due to disruptions in Middle Eastern supplies, a Japanese lawmaker said on Sunday. The move comes as tensions in Iran have affected global energy flows. Japan relies on the Middle East for......
Global oil markets experienced a sharp surge this week, with prices climbing nearly 30%, marking levels unseen since 2023. The escalation of conflict in the Middle East has disrupted key supply routes from the Gulf, fueling uncertainty in energy markets. Brent crude, the international benchmark, closed......
Around a dozen oil tankers loaded with Venezuelan crude oil and fuel have discreetly departed the country’s territorial waters in recent days, according to maritime monitoring service TankerTrackers.com. The movements come amid tight US pressure that intensified prior to the capture of ousted Venezuelan......
Oil prices dipped as fears of excess supply overshadowed geopolitical tensions, which have long shaped market sentiment. Despite ongoing uncertainties linked to the war in Ukraine, traders shifted their focus to the growing imbalance between global oil production and consumption. Benchmark Brent crude......
Baghdad, August 8, 2025 – Iraqi authorities have firmly rejected claims that the country or its oil sector is involved in smuggling operations aimed at circumventing US sanctions on Iranian crude exports. The denial comes after the United States imposed sanctions in early July against six entities......
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