Global oil markets experienced turbulent trading on Monday as US President Donald Trump escalated threats against Iran, demanding the reopening of the Strait of Hormuz or promising attacks on critical infrastructure. “Tuesday will be Power Plant Day, and Bridge Day, all wrapped up in one, in Iran. There will be…
Moscow – Russia is earning nearly $588 million per day from fossil fuel exports in March, marking a 17 percent increase compared to February, as disruptions in Gulf oil supplies drive global prices higher, according to a new analysis. The surge comes amid ongoing tensions in the Middle East, where…
Attacks on shipping lanes and critical energy infrastructure in the Middle East pushed global oil prices above $100 per barrel on Thursday, as American and Israeli airstrikes targeted Iranian positions with no clear end to the conflict in sight. Iranian forces struck a container ship near Dubai, ignited a blaze…