#oil prices

The U.S. is pushing for other countries to form an international coalition to restore freedom of navigation in the Strait of Hormuz, according to a State Department cable seen ...

The United Arab Emirates’ decision to leave OPEC will sharply diminish the 65-year-old producer group’s influence over the oil market, opening the door to an all‑out price war ...

The current oil and gas crisis triggered by the blockade of the Strait of Hormuz is “more serious than the ones in 1973, 1979 and 2022 together”, Fatih Birol, the head of the ...

Oil prices extended gains on Tuesday as a U.S.-imposed deadline loomed for Iran to open the Strait of Hormuz or be “taken out”, with U.S. President Donald ...

Iran and Israel traded attacks on Tuesday as Tehran defiantly refused to reopen the Strait of Hormuz and accept a ceasefire deal on the eve of a deadline set by ...

Oil prices were little changed in choppy trade on Monday, as investors awaited clarity on the status of talks between the U.S. and Iran even as they remained wary ...

Hopes for a swift end to the Middle East war faded on Thursday after U.S. President Donald Trump vowed more aggressive strikes on Iran, disappointing investors hoping for clearer ...

Iran is ready to let Japanese-related vessels pass through the Strait of Hormuz, a vital artery for global oil supplies, Kyodo news reported, citing Iranian Foreign Minister Abbas Araqchi. Tehran ...

Iran accused Israel of striking its facilities in the huge South Pars gas field on Wednesday in a major escalation in the U.S.-Israeli war that sent oil prices ...

Consumer advocacy groups on Monday called for the reinstatement of the fuel subsidy as prices at the pump continued creeping up, while the state-run power utility said electricity bills would ...

Since the beginning of the war in Iran, around 10 million barrels of oil have been missing per day, leading to irreplaceable ripple effects and causing gasoline prices in Cyprus to ...

The United States issued a 30-day waiver for countries to buy sanctioned Russian oil and petroleum products currently stranded at sea, in what Treasury Secretary Scott Bessent said was a ...

President Donald Trump said on Thursday the United States stood to make significant money from oil prices driven higher by the war with Iran, prompting criticism from some lawmakers who ...

The war in the Middle East is creating the biggest oil supply disruption in history, the International Energy Agency said on Thursday, a day after it agreed to release a ...

Two tankers were ablaze in an Iraqi port on Thursday after a hit by suspected Iranian explosive-laden boats, a step up in attacks that have cut off oil from the ...

Saudi Arabia’s oil shipments via the Red Sea are on course to hit record highs in March although they are still far below the levels needed to compensate for ...

President Donald Trump and Russian counterpart Vladimir Putin discussed on Monday the war in Iran and prospects for peace in Ukraine, just hours after the Kremlin chief warned that a ...

Iran’s Revolutionary Guards said on Tuesday they would not allow “one litre of oil” to be shipped from the Middle East if U.S. and Israeli attacks continue, prompting ...

Oil prices surged more than 25% on Monday to their highest levels since mid-2022 as some major producers cut supplies and fears of prolonged shipping disruptions gripped the market due to ...

Fuel prices in Cyprus are expected to rise significantly in the coming days, with authorities warning on Thursday that new cargoes arriving on the island will likely push pump prices ...

Energy Minister George Papanastasiou on Tuesday said there was no justification for any increase in fuel prices despite the present geopolitical upheaval in the Middle East. Speaking after the conclusion ...

The energy ministry on Sunday called on oil traders to demonstrate the “maximum responsibility” as the conflict in the Middle East sent oil prices soaring over the weekend. Meanwhile, the ...

The Electricity Authority of Cyprus (EAC) and the energy regulator will meet sometime this week in a bid to settle on a formula on how to bring down the price ...

With President Trump pausing his punitive tariffs for 90 days, it will take time before the negotiations that will follow realign global trading to the new developing international order. Already analysts ...