oil prices

  • The sun sets behind an oil pump outside Vaudoy-en-Brie, near Paris, France, March 18, 2026. (Photo: Reuters)
  • A drone view of a pump jack and drilling rig south of Midland, Texas, U.S. June 11, 2025. (Photo: Reuters)

Oil prices rises on concerns over escalating military tensions in the Middle East

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BEIJING/PERTH April 24 (Reuters) – Oil prices ​rose on Friday due to fears of a renewed military escalation in the Middle East after Iran released footage of commandos ‌boarding a cargo ship in the Strait of Hormuz and on reports Tehran’s air defences had engaged “hostile targets.” Brent crude futures rose 99 cents, or 0.94%,

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A view shows an oil pump jack outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. (Photo: Reuters/File)

Oil prices fall for a second day on expectations US-Iran talks may resume

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TOKYO, April 15 (Reuters) – Oil prices fell for a second day ‌on Wednesday on expectations peace talks between the U.S. and Iran may resume and eventually release supply from the key Middle East producing region trapped by the closure of the Strait of Hormuz. Brent crude futures fell 52 cents, or 0.55%, ​to $94.27

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A bird flies past a Reliance Industries logo installed on its mart in Ahmedabad, India January 16, 2017.(Photo: Reuters)

India permits Iranian oil tankers to berth for Reliance, sources say

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NEW DELHI/LONDON, April 10 (Reuters) – India’s shipping ministry has granted special permission to four vessels carrying Iranian oil – as ​requested by Reliance Industrie – to berth at the western port of Sikka, three industry ‌sources said. India, the world’s third-biggest oil importer and consumer, has not received a cargo from Tehran since May

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Visitors walk near screens displaying current market information at Japan Exchange Group's Tokyo Stock Exchange in Tokyo, Japan April 6, 2026. (Photo: Reuters)

Stocks struggle, oil jumps as Trump’s Iran deadline looms

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SINGAPORE, April 7 (Reuters) – Global stocks wavered on Tuesday, while oil prices were perched near $110 per barrel as the prospect of ​escalation in the war in the Middle East and the looming deadline for a deal to be reached kept nervy investors ‌on the sidelines. Markets have been rattled since the U.S.-Israel war

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