Keywords: Oil
Cuba is sliding deeper into economic turmoil as a sweeping United States oil embargo has throttled fuel supplies to the island, triggering emergency rationing, prolonged blackouts and the grounding of flights during the peak tourism season. President Donald Trump has framed the measures as leverage to......
The euro fell toward its lowest level in nearly a month as investors rushed into the dollar on mounting concerns over a potential US military strike against Iran, sending oil prices to fresh six-month highs and reviving demand for traditional safe-haven assets. The common currency traded around 1.1765......
The euro weakened toward a four-week low against the dollar on Friday, as investors responded to a more hawkish tone from the Federal Reserve and rising geopolitical tensions involving Iran. The euro was last trading just below 1.18 dollars and was heading for a weekly loss of around 0.8 percent, putting......
Iran’s currency has tumbled to historic lows as capital flight accelerates and oil revenues decline under renewed US sanctions, deepening strains on an economy already grappling with high inflation and social pressure over potential bread price increases. The Iranian rial weakened to around 16.3......
Russia’s flagship Urals crude is trading at its steepest discount to global benchmark Brent in nearly three years, underscoring mounting pressure on Moscow’s key export revenues as Western sanctions persist and Indian demand weakens. The discount on Urals expanded to $28 per barrel on a......
European equities edged lower on Thursday after reaching record highs a day earlier, as investors weighed a sharp rise in oil prices against escalating tensions between the United States and Iran over Tehran’s nuclear program. The pan European Stoxx Europe 600 index fell 0.1 percent in early trading,......
Russian air defenses intercepted 113 Ukrainian drones overnight from February 18 to 19, the Defense Ministry said Thursday, describing one of the largest waves of drone attacks on Russian territory in recent weeks. The barrage came hours after U.S.-mediated peace talks in Geneva ended without a breakthrough. According......
European Union ambassadors are meeting this week to finalize sanctions against the Kulevi oil terminal in Georgia as part of the bloc’s 20th sanctions package against Russia, in what would mark the first time Brussels targets a port in a country officially seeking EU membership. The proposed measures......
Hungary’s state controlled energy company MOL has ordered its first seaborne deliveries of Russian crude to be routed through Croatia, marking a new phase in an energy supply dispute involving Kyiv, Budapest and Bratislava after damage to the Druzhba pipeline in late January. Foreign Minister......
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