Tag:

Global Oil

Could Iran shut down global oil supplies? Understanding the Strait of Hormuz threat

Strait of Hormuz has suddenly become one of the most closely watched waterways on the planet.

09 Jun 2026-03:14
Energy markets on edge as Middle East conflict escalates

Global oil prices climbed sharply in early trading on Wednesday as renewed military tensions in the Middle East heightened concerns over potential disruptions to energy supplies.

03 Jun 2026-04:51
Could renewed Middle East tensions trigger another global oil price shock?

The Middle East has long occupied a central position in the global energy system. Home to some of the world's largest oil producers and critical shipping routes, the region plays a decisive role in determining energy supplies, market stability and international economic performance.

21 May 2026-23:01
Oil prices surge after Trump warns Iran as global markets fall

Oil prices rose sharply on Monday morning while global stock markets declined after US President Donald Trump issued a new warning to Iran, intensifying concerns over geopolitical tensions and energy supply disruptions.

18 May 2026-14:51
India raises fuel prices as Iran war drives global oil shock

India’s state-run fuel retailers have raised petrol and diesel prices for the first time in four years by 3 rupees per litre, or more than 3%, as global crude oil costs surged following disruptions to shipping routes linked to the war involving Iran.

15 May 2026-13:32
What is the current situation with the oil crisis on May 2, 2026?

The global oil market is under intense pressure as tensions rise around the Strait of Hormuz.

02 May 2026-21:56
Korea to expand livestock exports to Vietnam's "incredibly huge" market

Korea will expand exports to Vietnam to include the country’s entire meat market, a step up from Cheong Wa Dae’s announcement last week that the two nations had reached a quarantine agreement for Korean poultry exports to the Southeast Asian economy.

27 Apr 2026-14:53
S&P Global lowers oil demand outlook on Iran war

S&P Global Energy has reduced its global oil demand forecast for 2026 by 700,000 barrels per day, as the U.S.–Iran war disrupts energy supplies from the Middle East and weakens demand in the second quarter, consultant Ethan Ng said on Thursday.

23 Apr 2026-11:57
Strait of Hormuz crisis deepens as shipping nearly halts amid US Iran tensions

Editor’s note: Faig Mahmudov is a journalist based in Azerbaijan covering regional security, foreign policy, and geopolitical developments. The views expressed in this article are his own and do not necessarily reflect the official position or editorial stance of News.Az.

22 Apr 2026-10:13
Indonesia says fuel subsidies can withstand oil price surge for months

Indonesia can absorb the economic impact of rising global oil prices driven by tensions in the Middle East for up to 10 months without cutting fuel subsidies, a senior minister has said.

13 Apr 2026-21:46