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When oil prices spike, where does the money go?

Georgia, Apr 21 (The Conversation) The market for oil is global, which is why events like the war in Iran affect oil prices – and prices of the wide range of products made from oil – literally everywhere. Federal data shows that the price at the primary crude oil hub in the U.S. was US$66 a barrel in late February 2026 – before the U.S. and Israel attacked Iran – and $101 a barrel on April 13. Similar price increases have reverberated around the globe. As an energy economist and an international trade economist, we field a lot of questions

Doubt surrounds Iran-US talks as ceasefire is set to expire

Islamabad, April 21, 2026 (AP) — Pakistan is preparing for a new round of talks between the U.S. and Iran to resume on Tuesday, even as U.S. President Donald Trump appeared to throw cold water on hopes for reaching an agreement to end the war. Trump told Bloomberg News on Monday that he’s “highly unlikely” to renew the ceasefire which is set to expire Wednesday. Mohammed Bagher Qalibaf, Iran’s chief negotiator and parliament speaker, wrote in a post on X early Tuesday that “We do not accept negotiations under the shadow of threats,” and the Islamic Republic has been preparing

Stock markets trade higher in early session

Mumbai, Apr 21 (PTI) Equity benchmark indices Sensex and Nifty rallied in early trade on Tuesday as reports of second round of talks between US and Iran are keeping hopes of resolution to the West Asia conflict alive. Also, Brent crude oil prices trading below the USD 100 per barrel mark provided optimism to the markets. The 30-share BSE Sensex climbed 445.82 points to 78,966.12 in early trade. The 50-share NSE Nifty advanced 121.15 points to 24,486. From the 30-Sensex firms, Axis Bank, InterGlobe Aviation, Adani Ports, NTPC, ICICI Bank and HDFC Bank were among the major winners. Infosys, Tech

Rupee falls 16 paise to 93.32 against US dollar in early trade

Mumbai, Apr 21 (PTI) The rupee declined 16 paise to 93.32 against the US dollar in early trade on Tuesday, as the American currency stayed firm and the Reserve Bank eased restrictions on speculative bets on the Indian currency. Positive domestic equity markets and inflows of foreign funds supported the local currency even as uncertainties surrounding the West Asia peace agreement kept investors worried, forex traders said. The Reserve Bank on Monday partially withdrew directives taken on April 1 to curb excessive speculation in the rupee. The banking regulator had capped the net open positions in non-deliverable forward markets at

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