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Oil Tensions

How easing tensions in the Strait of Hormuz will affect oil prices

The global energy market experienced a sharp shift as oil prices fell significantly following signals from Iran that commercial shipping would resume through the strategically critical Strait of Hormuz.

18 Apr 2026-04:38
Libya’s oil tensions spark European fears, reflecting Hormuz crisis

The Strait of Hormuz, just 39 km (24 miles) wide at its narrowest point, sees around 20 million barrels of oil passing through daily—about 25 percent of the world’s maritime oil trade.

06 Apr 2026-22:10
What if the US withdraws from the Iran war?

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.

30 Mar 2026-15:58
Market turmoil drives the dollar higher as investors seek safety

On Friday, the dollar climbed to a three-month peak and was on track for its second consecutive weekly gain since the onset of the war in Iran, as market instability made it the last remaining safe-haven asset.

14 Mar 2026-12:54
Iraq slashes oil production to one-third amid West Asia tensions

Iraq has cut its crude oil production to approximately 1.4 million barrels per day due to ongoing conflict in the Persian Gulf, which is disrupting key export routes, according to the country's Oil Minister Hayan Abdel-Ghani on Thursday.

13 Mar 2026-01:31
Japan's Nikkei slides most since April on oil price surge

Japanese stocks recorded their steepest drop since April as rising oil prices and escalating tensions in the Middle East weighed heavily on the country’s economic outlook.

09 Mar 2026-10:25
Brent crude price surges over 90 USD a barrel amid Mideast tensions

Brent crude oil, the international benchmark, topped 90 U.S. dollars per barrel during Friday's session, the first time since April 2024, trading data showed.

06 Mar 2026-23:03
Oil holds near six-month peak on US-Iran tensions

Oil prices steadied near six-month highs after U.S. President Donald Trump said Iran had no more than 15 days to reach an agreement over its nuclear program, as Washington assembled a significant military presence in the Middle East.

20 Feb 2026-09:03
UK warns of seizure of Russia-linked tanker

07 Feb 2026-18:40
Oil prices jump 4% to five-month peak amid US-Iran tensions

29 Jan 2026-23:20

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