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Keywords: Oil


Iran admits it cannot locate all mines in Strait of Hormuz

Iran has acknowledged it cannot locate or remove all naval mines laid in the Strait of Hormuz during its conflict with the United States, U.S. officials said Friday. The admission adds a major risk to an already fragile ceasefire and to high-stakes talks scheduled in Islamabad. The disclosure, first......

JPMorgan bullish S&P 500 call tested as Iran ceasefire wavers

JPMorgan adopted a tactical bullish stance on U.S. equities this week after a two-week ceasefire agreement between the United States and Iran, forecasting a potential 6 percent rally in the S&P 500 as market sentiment improves. The outlook followed a strong market rebound on April 8. The Dow Jones......

Indonesia’s President Prabowo plans visit to Russia for talks with Putin

Indonesia’s president, Prabowo Subianto, is expected to travel to Russia in the coming days for high-level talks with President Vladimir Putin, according to Indonesian officials. The planned visit highlights growing diplomatic engagement between Indonesia and Russia at a time of shifting global......

US and Iran hold Islamabad talks as Hormuz Strait remains disrupted

Delegations from the United States and Iran are meeting in Islamabad as a fragile two week ceasefire fails to restore normal shipping through the Strait of Hormuz, where more than 800 vessels remain stranded. The truce, brokered by Pakistani Prime Minister Shehbaz Sharif and announced by Donald Trump,......

Oil heads for steepest weekly drop as ceasefire fails to calm markets

Oil prices rose slightly on Friday but remained on track for their sharpest weekly decline since June 2025, with both West Texas Intermediate and Brent crude down करीब 10% over the week, as tensions in the Middle East continued to disrupt confidence in global supply routes. The decline follows......

Indonesia’s Prabowo calls for criminal charges against firms resisting forest crackdown

Indonesian President Prabowo Subianto has called on prosecutors to bring criminal charges against companies that refuse to cooperate with a national task force targeting illegal activities in forest areas. The announcement was made during a public ceremony in Jakarta highlighting the results of the......

TotalEnergies announces shutdown of Saudi Satorp refinery after strikes

French energy company TotalEnergies has confirmed the temporary shutdown of the Satorp refinery in Saudi Arabia following recent attacks that damaged part of the facility. The decision was taken as a precautionary safety measure after incidents occurred during the night of April 7 to 8. According to......

Michel-Édouard Leclerc warns fuel prices unlikely to return to pre-war levels in the middle east conflict

French retail executive Michel-Édouard Leclerc has warned that fuel prices are unlikely to return to pre-conflict levels following instability linked to tensions in the Middle East. Speaking about recent fluctuations in oil markets, he noted that prices at the pump are expected to decline slightly......

Goldman Sachs warns Brent could top $100 if Hormuz stays closed

Goldman Sachs warned Thursday that Brent crude could average above $100 a barrel through 2026 if the Strait of Hormuz remains closed to normal tanker traffic for another month. The note highlights fragility in the recent US-Iran ceasefire. "The situation remains uncertain," analysts including......

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