Some relief is finally reaching global oil markets. Bloomberg reports that 29 of 109 large non-Iranian oil tankers stranded in the Persian Gulf have now crossed the Strait of Hormuz.


Gulf Tankers: One Quarter Clears Chokepoint 

Oil markets remain on edge as Iran accused the U.S. of ceasefire violation, while America said it was only a defensive move. Brent crude has swung this week, but has stayed below the 100-dollar per barrel mark.


Brent Crude Swings but Stays Below $100

The global oil market is facing its biggest supply disruption on record as the ongoing conflict involving Iran intensifies.

OPEC has flagged serious concerns over attacks on energy infrastructure, warning that restoring damaged facilities is both costly and time-consuming.

OPEC Signals Readiness for Output Boost

Global markets are reeling as the Iran conflict remains highly volatile. U.S. Stocks saw a sharp sell-off, with the Nasdaq entering correction territory, while oil prices surged, then fell amid fresh de-escalation signals from Trump. Take a look at this report for more. 


 S&P 500 Sees Biggest Drop Since January 20 

As the US‑Iran war continues, President Donald Trump is navigating a fraught strategic balancing act between military pressure on Iran and volatile global oil markets. Trump has directed precision strikes on Iranian military infrastructure while sparing core oil facilities to avoid exacerbating price spikes. 


US-Iran War: Donald Trump Balances War Strategy with Oil Market Risks

Oil prices inched higher, extending their biggest daily gain in a month, as US crude stockpiles continue to decline. Brent crude jumped above $85 a barrel, rising 1.

Relentless US crude stockpile decline spurs buoyant oil market

India plans to store its crude oil in US strategic petroleum reserves for use not just during emergencies but also for trading to capture any price advantage, officials said.

India to store its crude oil in US' strategic petroleum reserves

OPEC and Russia have reached a historic deal to cut oil production. But, the oil markets may not cheer the truce just yet. WION's Palki Sharma decodes the biggest headline in the oil industry in more than a decade.

Gravitas: OPEC & Allies ink historic oil deal

Russian President Vladimir Putin said on Sunday that current oil prices were acceptable and that Russia had the tools to react to any negative effects of the spread of the coronavirus on the global economy, Russian news agencies reported.

Russia's Putin says current oil prices acceptable

Oil markets remained on a weak footing on Wednesday after a 7 per cent slump the previous session, with surging supply and expectations of faltering demand pressuring crude prices.

Oil markets struggle to find footing after seven per cent slump

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