OIL NEWS
US–Israel–Iran War Day 52: Strait of Hormuz explodes into chaos as US seizes Iranian cargo ship; Tehran cries 'piracy', Pakistan’s peace push hangs by a thread
Iran War News Day 52: On Day 52 of the US–Israel–Iran war, tensions have intensified after the US seized an Iranian cargo ship, prompting Tehran’s threat of retaliation. The crisis in the Strait of Hormuz continues to disrupt global oil supplies, pushing crude prices higher. With talks stalled and military posturing rising, fears of a wider regional conflict and prolonged energy crisis are growing.
World awaits fate of ceasefire after US seizes Iranian ship
Concerns over a ceasefire collapse grew as the U.S. seized an Iranian cargo ship, prompting Iran to vow retaliation and reject further peace talks. The incident jeopardizes efforts for regional peace, with Iran citing blockades and U.S. demands. Oil prices surged amid fears of continued Gulf traffic disruptions.
Markets near bottom, but volatility not over; buy in staggered manner: Sunil Subramaniam
Markets are experiencing volatility due to global events. Experts advise investors to buy in small, staggered amounts. Institutional investors are gradually increasing positions. The upcoming earnings season will be crucial for determining the market's direction. Investors should focus on corporate guidance and sector-specific trends for future investment decisions.
Ukrainian drone attack on Russia's Tuapse port kills one
A Ukrainian drone attack hit Russia's Tuapse port, causing a fire and killing at least one person. This major southern port is a key oil export hub and home to a large refinery. Debris from the drones damaged several buildings, including a kindergarten and a church. Russia's defense ministry reported destroying many drones overnight.
U.S. Stock Market prediction for Monday: S&P 500, Dow Jones, Nasdaq set for volatile trading, to be driven by these factors
U.S. Stock Market today: Oil prices have jumped, and the U.S. dollar rose. S&P 500, Dow Jones, Nasdaq futures fell in the pre-market trading.
Tehran says restrictions on Iranian oil come with a price
Iran's top official warned global fuel prices will remain unstable unless pressure on its oil exports ceases. He stated a free oil market is essential for everyone's security. Oil prices surged as tensions between Iran and the US disrupted tanker traffic in the Strait of Hormuz.
- Go To Page 1

Global Market Today: Oil jumps, stocks wobble as Mideast ceasefire hangs in the balance
Middle East tensions sent oil prices soaring and stock markets wavering as shipping through the Strait of Hormuz slowed to a crawl. Despite a fragile ceasefire, Iran's vow of retaliation after a U.S. ship seizure has heightened concerns. While traders hope for a resolution, the immediate focus remains on the critical chokepoint and its impact on global supply and inflation.

Oil claws back losses as Strait of Hormuz is closed again
Brent crude futures jumped $6.11, or 6.76%, to $96.49 a barrel by 2327 GMT and U.S. West Texas Intermediate was at $90.38 a barrel, up $6.53, or 7.79%.

US seizes Iranian cargo ship, Tehran vows to retaliate
The United States said it seized an Iranian cargo ship that tried to breach its blockade, while Iran warned it would retaliate. The development has raised doubts over a two-day ceasefire holding, with Tehran also refusing to join a second round of peace talks proposed by Washington before the truce ends.

U.S.-Iran war latest update: Donald Trump claims Iran cargo ship seized, warns of airstrikes, Tehran rejects peace talks ahead of ceasefire deadline
Iran-U.S. war: United States of America has maintained a blockade of Iranian ports, while Iran has lifted and then reimposed its own blockade of the Strait of Hormuz, which before the war began almost two months ago handled roughly one-fifth of the world's oil supply.

IMF, World Bank meetings show limits in mitigating shocks, reliance on US for solutions
Global finance leaders met amid Middle East war news. They acknowledged their limited ability to counter economic damage from frequent geopolitical shocks. Reliance on U.S. leadership for crisis resolution is no longer assured. The IMF and World Bank pledged aid to developing nations. Officials expressed frustration with ongoing economic calamities.

US oil prices may cross $100 as Iran restricts Strait of Hormuz, surge odds hit 44%
Oil prices may rise again as Iran controls the Strait of Hormuz, a key oil route. Tensions with the US are increasing, and talks are still not clear. Markets are reacting fast to every update. If the situation gets worse, fuel prices could go higher soon, affecting transport, daily goods, and the global economy.

Greek, Indian tankers U-turn before Hormuz amid reopening doubt
Several oil tankers have turned back in the Persian Gulf. This follows Iran's mixed signals on keeping the Strait of Hormuz open. Shipowners are uncertain about transit. Five Greek and Indian tankers halted journeys early Saturday. Warnings were reportedly broadcast over radio. The situation creates confusion for global oil trade.

US extends waiver allowing India and other countries to buy Russian oil
The Donald Trump administration has issued a short-term waiver allowing countries to continue buying sanctioned Russian oil loaded on ships until May 16, aiming to stabilise global energy prices amid the US-Israeli war on Iran.

Traders place $760 million bet on falling oil ahead of Hormuz announcement
Just ahead of pivotal updates concerning the Strait of Hormuz and Iran, lucrative oil trades totaling millions were executed, raising eyebrows among U.S. officials. Such timely trades have prompted a thorough investigation into several oil futures transactions made right before key policy changes, with the U.S. Commodity Futures Trading Commission now scrutinizing the details of these deals.

Bitcoin price crosses $77,000 after breakout, experts eye $80k next amid global boost
Bitcoin price moved above $77,000 after strong market buying and positive global news. Investors are watching closely as the market shows signs of recovery. Companies linked to crypto are also seeing gains. Experts believe the next big level could be higher if momentum continues. However, market risks and global events can still affect the price direction in the short term.

Why are oil prices down by 10% and US stock market indexes, Dow Jones, S&P 500 and Nasdaq, up now? Here's if Strait of Hormuz is fully open now
Why are oil prices down by 10% and US stock market indexes, Dow Jones, S&P 500 and Nasdaq, up now? Oil prices fell by more than 10% after Iran said the Strait of Hormuz is open again. Stock markets rose across the world. Investors reacted to hopes of easing tensions between the United States and Iran. Lower oil prices reduced inflation fears and supported companies with high fuel costs. Markets now watch diplomacy and shipping safety updates.

Indian refiner Reliance rejects Iran oil cargoes as waiver deadline looms
Reliance Industries has rejected two Iranian oil cargoes. This comes just before a U.S. waiver on Iranian oil exports expires. Washington will not renew these waivers. India had allowed Reliance to buy Iranian oil on several sanctioned tankers. Reliance stated the Derya tanker cargo did not meet compliance requirements. Indian Oil Corp recently bought Iranian crude.

Oil prices crash nearly 10% after Iran says Strait of Hormuz completely open during ceasefire
Oil prices plunged as Strait of Hormuz remained open during the US Iran ceasefire with Brent crude and West Texas Intermediate falling sharply amid easing tensions though volatility is expected to persist

Why are US stock market futures up now, and will Dow Jones, S&P 500 and Nasdaq continue to stay in green or turn red again? Wall Street futures, US stocks to watch, analysts insights, market outlook and what should investors do now
Why are US stock market futures up now, and will Dow Jones, S&P 500 and Nasdaq continue to stay in green or turn red again? US stock futures moved higher as hopes of Middle East peace improved investor mood. Technology stocks gained interest again while investors tracked earnings and oil supply risks. Markets may stay supported if talks continue. However, risks remain from Iran talks and oil supply disruptions.

Oil Price Today (April 17): Crude oil prices fall on Israel-Lebanon ceasefire, Iran war peace talks. Is the worst over?
Oil prices dipped as Middle East tensions eased with a Lebanon-Israel ceasefire and potential US-Iran talks. President Trump indicated a deal with Iran was close, following a 10-day truce that removes a key obstacle to negotiations. Experts anticipate continued volatility but expect prices to remain supported.

US ends sanctions waiver for Russian, Iranian Oil; India among affected buyers
US Treasury Secretary Scott Bessent on Wednesday confirmed Washington will not renew sanctions waivers on Russian and Iranian oil, ending temporary relief that had allowed countries including India to purchase crude from both nations without facing US penalties.

Social Security COLA 2027 prediction: 2.8% increase likely as inflation hits 2-year high, retirees still struggle
Social Security COLA for 2027 may be around 2.8% as inflation rises again. Higher oil prices are making daily things expensive, which affects retirees the most. Even if benefits increase, it may not be enough to cover basic needs. Many people on fixed income could still struggle as living costs keep going up slowly.

Why is Donald Trump claiming Iran war 'very close to over' just before opening of US stock markets? Full explainer on Iran war, oil prices, Strait of Hormuz blockade, and US stock market outlook
Why is Donald Trump claiming Iran war 'very close to over' just before opening of US stock markets? The Iran war, Strait of Hormuz blockade, oil prices, China role, troop deployment, and US stock market expectations are shaping global markets. The statement comes before US trading hours and signals possible diplomacy. Investors are watching negotiations, shipping routes, and supply disruptions closely as peace talks may restart soon.

Trump says oil prices will drop 'very big' after he ends Iran war
President Donald Trump predicts a substantial drop in oil prices once the Iran war concludes. He indicated that fuel costs could stabilize or slightly increase by the November congressional elections. However, in a later interview, Trump clarified his stance, expressing satisfaction with oil prices around 92 US dollars per barrel.

Iranian oil arrives in India just ahead of US waiver expiry
India has received Iranian oil shipments. This marks the first imports in seven years. The nation is securing volumes before a US grace period ends. Tankers are discharging crude on India's east and west coasts. This move aims to manage global energy flow disruptions. India is leveraging waivers for previously restricted oil.

Oil Price Today (April 15): Crude oil below $95, falls for second consecutive day. What’s behind the decline?
Oil prices fell for a second day on hopes that renewed U.S.-Iran talks could ease Middle East supply disruptions after the Strait of Hormuz closure. Optimism grew after Donald Trump signaled negotiations may resume soon, raising expectations of a resolution that could restore crude flows.

Why are gold and silver prices up, and will precious metals continue to rise or fall again shortly? Analysts insights, market outlook and what should investors do now
Why are gold and silver prices up, and will precious metals continue to rise or fall again shortly? Gold prices increased after the dollar weakened and oil prices dropped. Peace talk expectations between the United States and Iran also affected markets. Investors tracked inflation, interest rate expectations, and geopolitical risks. Silver and other metals also gained. Analysts now expect short-term price swings while traders assess global developments and central bank policy outlook.

Peak oil price likely to come 'in next few weeks,' US Energy secretary says
Oil prices are likely to peak in the coming weeks as shipping traffic gradually resumes through the Strait of Hormuz, US Energy Secretary Chris Wright said on Monday.
Load More