Oil prices surged after peace talks between the US and Iran stalled on Sunday. President Trump said that peace talks would resume, but Iran said it would not participate.
Crude oil prices surged Sunday, as the U.S. and Iran teetered on the brink of a renewed war after attacks on commercial ships in the Strait of Hormuz.
Crude oil futures plunged as Iran kept the Strait of Hormuz open, easing supply fears and shifting the oil outlook bearish as traders unwind risk premium.
Six weeks into Iran's blockade of the Strait of Hormuz and the numbers tell a stark story. Where nearly 50 oil and gas tankers were passing through the strait on an average day in February, that figure has collapsed to just 3.5 a day in April.
Middle East truce hopes drag oil lower, lifting refiners, airlines, retail & India ETFs -- but fragile peace keeps risks alive.
Reopened Middle East shipping and plummeting oil prices on Friday boosted bets the U.S. Federal Reserve may begin cutting interest rates as soon as December, but officials still face a tangled outlook ahead of their April 28-29 policy meeting.
Angola is seeking a budget support loan from the African Development Bank, its finance minister told Reuters, as the government pushes ahead to shield vulnerable citizens from the Middle East war's fallout and manage debt costs.
At the start of this year, Donald Trump ordered the capture and removal of Venezuela's president Nicolas Maduro - he's now facing a trial in New York.
Oil fell in early Asian trade amid signs of a potential U.S.-Iran deal that could ease supply disruptions in the Middle East.
There are two oil markets. Your financial adviser — bless his expensive haircut — only knows about the fake one.
Russia has learnt how to minimise the impact of sanctions, the Kremlin said on Thursday, after U.S. Treasury Secretary Scott Bessent said the United States would not be renewing a waiver that allowed people to buy some Russian oil without facing U.S. sanctions.
Investors turned back to risk on hopes that a peace deal between the U.S. and Iran would soon be agreed, with the Nasdaq and S&P 500 looking to extend record highs.