Keywords: Oil
Asian stock markets fell sharply on Wednesday as escalating tensions involving the United States, Israel and Iran rattled investor confidence and pushed oil prices higher across global markets. South Korea’s Kospi index plunged as much as 10 percent, triggering circuit breakers that temporarily......
Nigeria’s non oil exports have climbed to a historic high, underscoring the country’s drive to reduce its long standing dependence on crude revenues and broaden its economic base. According to recent figures released by the Nigerian Export Promotion Council (NEPC), non oil exports reached......
The ongoing tensions in the Middle East present Brazil with a unique opportunity to attract international investment in its oil industry, according to Shell's CEO in the country. Cristiano Pinto da Costa emphasized that Brazil’s political stability and reputation as a dependable oil producer......
Saudi Arabia’s state energy giant Saudi Aramco is reportedly redirecting part of its crude exports toward the Red Sea in an effort to reduce reliance on the Strait of Hormuz, as heightened regional tensions disrupt maritime traffic in the Gulf. According to market sources and industry analysts,......
The conflict involving Iran, Israel and the United States intensified on its fourth day, with Tehran launching attacks on US-linked sites in the Gulf while Israel continued simultaneous airstrikes in Iran and Lebanon. Iran’s Revolutionary Guards warned that “the gates of hell” would......
The surge in oil prices following US and Israeli strikes on Iran is creating fresh revenue opportunities for crude exporters far from the fighting. As Brent crude jumped as much as 13 percent to above 82 dollars a barrel after the attacks, countries such as Russia, Brazil, Mexico, Colombia, and Guyana......
Airline and travel shares across global markets slumped after the conflict involving the United States, Israel, and Iran shut key Middle Eastern hubs, triggered thousands of flight cancellations, and drove fuel costs sharply higher. A basket of major airlines, hotel groups, and travel operators in Europe,......
European equities posted their steepest single day drop in months on Monday as investors reacted to the deepening military confrontation involving the United States, Israel, and Iran and its fallout for global trade and energy flows. The pan-European Stoxx 600 lost around 1.8 percent, while Germany’s......
Bitcoin fell to around $63,000 after coordinated US and Israeli attacks on Iran unsettled investors and triggered a rush out of riskier assets. The leading cryptocurrency slid nearly 4 percent in rapid trading, dropping from the mid‑$65,000 area to an intraday low near $63,038, before stabilizing just......
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