Petrol Prices Surge Amid Escalating Conflict in Iran
Petrol prices in the UK are on the verge of reaching record levels as tensions in Iran escalate, impacting global oil markets.
Insurance Guarantees Proposed for Strait of Hormuz Amid Rising Risks
The US is considering insurance risk guarantees to stabilize the Strait of Hormuz, where 20% of global oil flows occur. Rising war-risk premiums pose challenges.
Brent crude price: Surge Amid Supply Concerns and Geopolitical Tensions
Brent crude prices surged by 6.6% to $77.70 a barrel, driven by supply concerns in the Strait of Hormuz and geopolitical tensions. OPEC+ is adjusting output while traders remain cautious…