Breaking 18:15 More than 400 people evacuated by sea as wildfire spreads in Italy’s Puglia region 18:00 Turkey discusses US-Iran negotiations with Qatar and Pakistan amid de-escalation efforts 17:45 Bordeaux aerospace and defense facilities placed on alert as wildfires approach 17:30 India launches exam reform task force after student protests over paper leaks 17:15 Lula criticizes US tariffs on Brazil as harmful to trade partnership 17:02 Lando Norris claims first Formula 1 win of season at Hungarian Grand Prix 16:45 Iran signals willingness to pause attacks as US halts airstrikes for diplomacy 16:30 Five Bosnian climbers feared dead after storm strikes Russia’s Mount Elbrus 16:15 Cuba accuses United States of seeking greater control as tensions intensify 16:00 Moroccan teenager Mahdi El Maimouni joins FC Barcelona youth academy 15:45 Shein discloses strong financial results as Hong Kong IPO moves closer 15:30 Lebanon and Iraq strengthen cooperation through talks on energy and telecommunications 15:15 LG Energy Solution revives major lithium refinery project in Morocco to strengthen EV battery supply chain 15:00 Trump pauses military action to allow diplomatic talks with Iran, US envoy says 14:45 Renault shifts production focus to Morocco as automotive manufacturing strategy evolves 14:30 Moroccan court orders detention of foundation official in alleged judicial document forgery case 14:15 German authorities investigate Berlin Pride attack as suspected Islamist terrorism 14:00 Rapper Naza headlines EDF’s 80th anniversary campaign with music video at La Rance tidal power plant 13:45 India sees no need for budget revision despite inflation and monsoon risks, finance minister says 13:30 Water supply disruption affects operations at London Gatwick Airport 13:15 Uganda nominates Olara Otunnu for next United Nations secretary-general 13:00 Former Honduran President Juan Orlando Hernandez returns home after US presidential pardon 12:45 Chinese university launches investigation after reported death in experimental gene therapy trial 12:30 Typhoon Noul triggers mass evacuations and widespread transport disruption in southern China 12:15 Romania intercepts third drone in three days after repeated airspace violations 12:00 Peru eases travel rules for Moroccan tourists holding Schengen or US visas 11:45 Kang-In Lee joins Atlético Madrid in €40 million move after PSG spell 11:30 Israeli settlers accused of torching West Bank mosques after deadly clashes 11:15 Iran warns Middle East war could expand if US strikes resume 11:13 Javier Milei backs Flavio Bolsonaro as Brazil's presidential race gathers momentum 11:08 BCG vaccine study points to potential new strategy for delaying Alzheimer’s disease 11:03 Bahrain Grand Prix relocated to Malaysia after Middle East conflict disruption 11:00 Normandy D-Day beaches added to UNESCO World Heritage list 10:45 Morocco advances Marrakech stadium modernization project ahead of 2030 World Cup 10:30 Spain battles uncontrolled wildfire near Valencia as 15,000 people evacuated 10:15 Senegal’s President Bassirou Diomaye Faye launches new political party after split with Sonko 10:00 Shakira recalls unforgettable moments from the 2026 World Cup experience 09:45 Morocco deploys AI-powered police patrols Amane and Madar in Casablanca 09:30 Syria’s Saint Simeon monastery awaits restoration after years of war damage 09:15 French firefighters fight wildfires threatening Bordeaux as heatwave intensifies 09:00 Africa faces up to $20 billion economic loss as ‘super’ El Niño threatens climate crisis 08:45 UK Prime Minister Andy Burnham says he would challenge Trump when Britain’s interests require it 08:30 Berlin police search for suspect after Pride parade vehicle attack 08:15 Ireland charges man over explosives found near Northern Ireland border 08:00 Zelensky says Russia requested 30,000 additional North Korean troops for Ukraine war

Keywords: Oil price surge


Oil market faces panic risk if Hormuz closure extends into June

HFI Research warned that global oil markets could enter a period of “real panic” if the Strait of Hormuz remains closed into the first week of June, as crude inventories continue falling toward critical operational levels and countries accelerate emergency stockpiling efforts. The firm said......

Rupee and rupiah hit record lows as oil tops 111 dollars

The Indian rupee and Indonesian rupiah fell to historic lows on Monday as rising oil prices and global bond market pressure strengthened the US dollar and intensified selling across Asian emerging market currencies. The move reflected growing investor concern over capital outflows from energy-importing......

Global bond rout deepens as war driven inflation reshapes rate outlook

A sharp global selloff in government bonds intensified Monday as persistent conflict between the United States and Iran pushed oil prices higher and forced investors to reassess expectations for interest rates across major economies. Surging energy costs and accelerating inflation have fueled concerns......

Oil surge rattles markets as inflation fears intensify

Global equity markets fell on Friday as a sharp rise in oil prices and higher bond yields reignited concerns that central banks may be forced to tighten monetary policy again. Investors reversed recent optimism over potential interest rate cuts, shifting toward expectations of prolonged monetary pressure......

Iran war drives global inflation surge as central banks reverse course

Two months into the conflict in the Middle East, the economic fallout from the war in Iran has spread well beyond energy markets, rippling through petrochemicals, manufactured goods, food, and consumer products as companies pass rising costs onto buyers and central banks around the world prepare to tighten......

Oil crisis accelerates global shift toward renewable energy transition

A surge in oil prices triggered by the conflict involving Iran is driving an unprecedented acceleration in the global transition to renewable energy, according to the United Nations’ top climate official. The sharp rise in fossil fuel costs is reshaping energy strategies worldwide, as governments......

Oil prices extend rally as Trump threatens Iran OPEC tension

Oil prices extended their upward momentum on Wednesday as geopolitical tensions intensified around Iran and global supply risks deepened. Traders reacted to renewed threats from United States President Donald Trump and escalating uncertainty in the Middle East, pushing crude benchmarks to multi month......

IEA chief warns Iran war has triggered worst energy crisis in history

Fatih Birol said the conflict involving Iran and a coalition led by the United States and Israel has created the most severe global energy crisis on record, surpassing both the oil shocks of the 1970s and disruptions linked to the war in Ukraine. Speaking publicly on Tuesday, he said the combined impact......

Oil giants set to gain $234 billion windfall from war driven prices

The world’s largest oil and gas companies, along with major producing states, are on track to generate an additional $234 billion in profits by the end of 2026 if crude prices remain around $100 per barrel. The projection, based on data from Rystad Energy, reflects how the conflict linked to Iran......

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