#global-oil-prices
#global-oil-prices

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IEA to consider release of more oil reserves as Iran war keeps prices high

The International Energy Agency plans to release additional emergency crude oil reserves to stabilize global markets disrupted by the Strait of Hormuz crisis, with 400 million barrels planned for release.

World politics

fromBusiness Insider

2 days ago

Photos show a major fire at a key UAE oil port, a day after the US struck a major Iranian depot

A drone attack caused a fire at UAE's Port of Fujairah, following US strikes on Iran's Kharg Island oil facility, escalating Middle East military tensions and threatening global oil supplies.

World politics

fromAxios

4 days ago

Scoop: Trump claimed in G7 call that Iran is "about to surrender"

Iran shows no signs of collapse on Day 14 of conflict and threatens the Strait of Hormuz to gain leverage, while Trump claims victory despite unclear leadership succession and ongoing military escalation.

Europe news

fromwww.theguardian.com

6 days ago

How are EU and member states reacting to energy crisis triggered by Iran war?

The Iran conflict disrupts global oil supplies, threatening EU energy security as potential US sanctions relief on Russian oil could benefit Putin while destabilizing European markets.

World news

fromFortune

1 week ago

UAE and Kuwait start oil output cuts after Hormuz blockage | Fortune

UAE and Kuwait reduce oil production due to Strait of Hormuz closure from Iranian threats, driving global oil prices to two-year highs and threatening inflation.

fromwww.theguardian.com

2 months ago

Oil prices fall after Trump says Venezuela will send up to 50m barrels to US

Global oil prices have fallen by more than 1% after Donald Trump said Venezuela would hand over 30m to 50m barrels of the country's blockaded crude to the US. The deal would give the US president the power to sell up to $3bn (2.2bn) worth of Venezuelan crude stranded in tankers and storage facilities into an already oversupplied global market.