Breaking 16:30 Eni shareholders back board, clearing way for CEO’s record fifth term 16:20 Solar with battery storage undercuts fossil fuel power costs 16:15 US Airlines spend $1.8 billion more on fuel in March as prices surge 16:00 Global debt hits record near $353 trillion as investors diversify away from US treasuries 15:57 Kia sportage hybrid 2026 tops value rankings in compact suv segment 15:45 US tariff refund process running smoother than expected, says Kuehne + Nagel 15:40 Moroccan caftan debuts in Brussels with dedicated fashion week 15:30 India’s Zee sues reliance-disney over alleged music copyright infringement 15:20 Excessive kindness at work slows careers and increases burnout risk 15:15 US supreme court refuses to pause ruling in Apple-Epic Games dispute 15:00 Bosnian town seeks answers after lead contamination fears rise 14:58 Timeless elegance: why simplicity remains the ultimate standard in design and life 14:45 Sky seeks major damages over Italian football broadcasting dispute 14:36 Renault relaunches employee share plan with major benefits for 100,000 workers 14:30 Argentina considers lower interest rates amid inflation challenges 14:18 Stellantis opens circular economy dismantling center in Casablanca, a global third site 14:15 Andersen consulting strengthens digital transformation capabilities with Weexa 14:00 Violence against medical staff at a Lebanese hospital raises concerns over healthcare safety 14:00 In-laws and finances drive divorce rates in Morocco, new national survey finds 13:45 Meesho narrows quarterly losses as growth in orders and margins strengthens performance 13:40 Morocco's automotive exports hit $4.57 billion with 12% growth in early 2026 13:30 Hungary returns seized assets to Ukraine’s Oschadbank in sign of improving ties 13:18 Seven tremors recorded off the Strait of Gibraltar as seismic activity rises 13:15 Eli Lilly expands investment with $4.5 billion boost to Indiana manufacturing sites 13:03 UK regulators investigate claims management firms over consumer protection concerns 13:02 Samsung crosses $1 trillion valuation on record earnings and AI chip rally 12:45 Pope Leo XIV to celebrate mass at Barcelona’s Sagrada Familia on June 10 12:30 Canada’s Loblaw misses first-quarter revenue forecasts amid cautious consumer spending 12:15 Venezuela rejects World Court jurisdiction in oil-rich dispute with Guyana 12:00 SpaceX IPO reshapes corporate control with unprecedented investor limits 11:45 AMD forecast sparks AI-driven rally in US chipmaker stocks 11:30 Emmanuel Macron embarks on African tour with investment-focused Kenya summit 11:19 Europe's EV sales surge as fuel prices spike on Middle East conflict 11:15 Italy opens antitrust probe into Glovo and Deliveroo over rider treatment claims 11:00 India targets $25 billion trade with Vietnam by 2030, Modi says 11:00 Canary Islands leader opposes docking of hantavirus-hit cruise ship at Tenerife 10:45 Tariffs to cost Volkswagen €5.9 billion annually in operating profit, CEO says 10:40 More than 3,000 Viking coins unearthed in Norway's largest hoard ever found 10:30 Elisabeth Borne steps back from Renaissance leadership amid internal disagreements 10:20 World's first surviving nonuplets, born in Morocco, turn five years old 10:15 Poland calls for NATO to reach 5% defence spending target by 2030 10:00 ECB wage tracker signals stable eurozone wage growth amid inflation concerns 10:00 Morocco opens $5.62 million FlowPipe facility to cut imports and boost water infrastructure 09:45 Ugandan parliament passes revised sovereignty law after central bank concerns 09:39 Morocco's capital markets post mixed results in March as trading volumes rise 09:30 National Forestry Agency reaffirms commitment to protecting cedar forests as a strategic national heritage 09:17 Saylor says Strategy may sell Bitcoin to pay dividends in policy shift 09:15 CMA CGM vessel hit in Strait of Hormuz amid rising regional tensions 09:00 Canary Islands leader rejects cruise ship over Hantavirus concerns 08:59 Morocco eyes China's zero-tariff opening to expand argan oil exports 08:45 North Korea removes reunification references from its constitution 08:40 BMW reaches 2 million electric vehicles, doubling output in just two years 08:30 South Korean judge found dead after high-profile ruling 08:17 Ukraine accuses Russia of violating ceasefire with overnight drone and missile strikes 08:15 Trainline faces pressure from UK policy changes and geopolitical tensions 08:00 Germany considers last-resort plan to block Italian bid for Commerzbank 07:57 Meloni condemns AI-generated lingerie images as a deliberate political attack 07:45 AI could generate up to $22 billion in profits for the video game industry 07:39 Study finds life relied on rare molybdenum metal 3.4 billion years ago 07:30 Brazil’s President Lula to meet Trump to discuss economic and security issues 07:20 Iran war drives global inflation surge as central banks reverse course 07:15 Vestas reports stronger-than-expected Q1 profit as offshore wind production accelerates 07:01 Amazon opens access to Claude Code and Codex for all employees 07:00 UK's Next to mitigate Iran war costs with moderate price rises

Keywords: Oil


Goldman Sachs raises oil forecasts as Hormuz crisis disrupts supply

Goldman Sachs has sharply increased its oil price outlook for 2026, citing what it describes as the largest supply shock in history driven by the near-total disruption of flows through the Strait of Hormuz. The bank now expects Brent crude to average $85 per barrel this year, up from a previous forecast......

US stock futures drop as Middle East tensions shake rate-cut expectations

U.S. stock index futures fell on Monday as escalating tensions in the Middle East fueled concerns over energy infrastructure and sent oil prices soaring above $100 a barrel. The heightened conflict prompted investors to reassess expectations for Federal Reserve interest rate cuts, reducing optimism for......

European stocks drop sharply at Monday opening amid oil and Middle East tensions

European stock markets opened sharply lower on Monday, weighed down by surging oil prices and ongoing conflict in the Middle East, with no signs of de-escalation as the fourth week of tensions begins. At around 9:05 a.m. Paris time, major indices were down: Paris’s CAC 40 fell 1.44%, London’s......

Global energy crisis surpasses 1970s shocks amid Iran standoff

The world is facing an energy crisis more severe than the combined oil shocks of the 1970s, the International Energy Agency warned, as tensions between the United States and Iran escalate over control of the Strait of Hormuz. The warning comes as US President Donald Trump issued a 48-hour ultimatum......

Brent oil hits highest level since 2022 amid Iran conflict

Oil prices have surged to their highest levels in nearly four years as the conflict involving Iran disrupts global energy supply, raising inflation risks and reviving concerns about stagflation. Brent crude closed at $112.19 per barrel on Friday, its highest level since July 2022. In the United States,......

Gold extends sharp decline as rate cut hopes fade in March

Gold and silver continued to fall at the start of the trading week, extending a multiweek selloff driven by tight US monetary policy, a stronger dollar and renewed inflation concerns linked to rising energy prices amid the Iran conflict. Gold futures dropped sharply early in the session, adding to losses......

Iran threatens to fully close the Strait of Hormuz amid rising tensions with Washington

Iran has warned it could completely shut down the Strait of Hormuz if the United States follows through on threats to target Iranian energy infrastructure. According to an official statement broadcast on state media, Iran’s Khatam al-Anbiya joint command headquarters declared that any attack on......

Japan considers minesweeping in Hormuz if ceasefire is reached

Japan has indicated it could consider a limited military role in securing the Strait of Hormuz, one of the world’s most critical energy corridors, but only under the condition of a ceasefire in the ongoing tensions involving Iran. Speaking in a televised interview, Toshimitsu Motegi explained......

Egypt to pay $1.3 billion in oil company arrears by June

Egypt has announced plans to settle $1.3 billion in arrears owed to international oil companies by June, accelerating its previous repayment schedule. The move is aimed at restoring investor confidence and boosting domestic energy production. Egypt had accumulated around $6.1 billion in unpaid balances......

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