Major oil-producing countries in the Middle East have also accelerated production in response to the improved security situation.
Benchmark crude falls below Sh12,255 per barrel as investors weigh renewed diplomatic hopes against persistent geopolitical risks in the Middle East.
Efforts to resolve the conflict remain stalled, with diplomatic negotiations showing little progress and uncertainty persisting over potential de-esca...
Brent crude futures fell for a second straight session on Wednesday, slipping below $108 a barrel. The move followed the US pause of a key Strait of H...
The decline followed remarks by Iran’s Foreign Minister Abbas Araghchi on Friday, who said the Strait of Hormuz was fully open to commercial traffic d...
Natural gas prices are projected to face even stronger pressure than oil due to the technical complexity involved in restarting production and relativ...
The price rally was driven by tightening physical supply conditions, disruptions to crude and refined product flows, and reduced shipping efficiency a...
The rise extends a sharp rally this week as escalating tensions in the Middle East threaten one of the world’s most critical energy shipping routes.
Data analysis shows the Thursday record is approaching its highest level since July 2024, reflecting mounting fears that the conflict could significan...
