Keywords: Oil
Hungary’s incoming leadership has placed energy security at the top of its agenda following a major political transition. Peter Magyar, leader of the Tisza Party and winner of the recent elections, announced plans to hold urgent discussions with executives from MOL Group to address fuel supply......
South Korea has secured hundreds of millions of barrels of crude oil through alternative routes that bypass the strategically sensitive Strait of Hormuz, as part of efforts to safeguard its energy supply amid rising tensions in the Middle East. According to officials, the country has ensured access......
Rising oil prices linked to tensions in the Strait of Hormuz are driving a sharp divide among leading economic forecasters over the outlook for global inflation. With crude holding above 100 dollars per barrel, Oxford Economics and Royal Bank of Canada present contrasting scenarios, underscoring uncertainty......
The war in Iran has triggered what energy officials describe as the largest supply disruption in the history of the global oil market. The shock has reshaped energy demand patterns and accelerated a shift toward alternative sources, placing China at the center of the transition. Despite being Iran’s......
Futures linked to Canada’s main stock index, the S&P/TSX Composite Index, edged higher on Tuesday as investors reacted positively to signs of possible de-escalation in geopolitical tensions in the Middle East. Market sentiment improved after reports suggested that diplomatic discussions between......
The oil shock from six weeks of U.S.-Iran war drives consumer prices higher in advanced economies, while much of the developing world stays sheltered, widening inflation divergence and reshaping global bond outlooks. Heading into 2026, emerging market inflation stabilized near central bank targets, backed......
China's economy gained momentum in the first quarter of 2026, but economists warn the ongoing Iran war could drag growth for the rest of the year as energy costs rise and global demand weakens. A Reuters poll of 50 economists published Monday projects gross domestic product expanded 4.8 percent year-on-year......
The United States Central Command began enforcing a naval blockade on all maritime traffic to and from Iranian ports on Monday at 10 a.m. Eastern Time, following the collapse of negotiations between US and Iranian officials in Islamabad. The move came hours after nearly 21 hours of talks between US......
Gold prices dropped in early Asian trading after Donald Trump ordered a naval blockade of the Strait of Hormuz, triggering a surge in oil prices and strengthening the US dollar. The decline followed Trump’s announcement that the US Navy would immediately block vessels entering or leaving the strategic......
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