Sunday, April 19, 2026

Oil Prices

Iran Fires Missiles at UAE as US Bombing Campaign Targets Iranian Oil Infrastructure

A barrage of Iranian ballistic missiles struck the United Arab Emirates on Saturday, setting off fires at Fujairah's key oil facilities and forcing a partial shutdown of loading operations at one of the world's busiest ship-refuelling ports. The assault...

Iran Conflict Could Raise Fuel Costs for European Drivers by €220 a Year

European drivers could pay about €220 more per year for fuel as oil prices surge due to tensions linked to the conflict involving Iran, analysts have warned. Experts say if oil prices remain around $100 per barrel, motorists across the...

Trump Signals End to Iran “Excursion” as New Leader Takes Power in Tehran

In a recent update to Republican leaders, President Donald Trump characterized the war in Iran as a successful but brief mission that is now largely finished. Trump used the term "excursion" to describe the joint strikes with Israel, promising...

Oil Hits 14-Month High as Strait of Hormuz Faces Unprecedented Blockade

Global oil markets were thrown into disarray on Monday as the Strait of Hormuz — one of the world's most critical shipping lanes — faced effective closure following intensified military conflict in the Middle East. Brent crude surged by...
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Iran’s Pezeshkian Issues a Warning That Gulf Nations Cannot Afford to Ignore

Iranian President Masoud Pezeshkian has issued a warning to Gulf nations that analysts describe as one they cannot afford...
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