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Crude oil spiked over 4% past $105 per barrel amid worsening Middle East supply disruptions, including Saudi pipeline shutdowns and canceled talks with Iran. Surging energy prices and geopolitical co…
Escalating Middle East tensions and drone strikes on Saudi Arabia's East-West pipeline have disrupted crude transit, stoking fresh inflation fears. With oil supply restricted, markets now price in a …
U.S. diesel prices surged to an unprecedented $6.27 per gallon amid severe global supply disruptions caused by the U.S.-Iran conflict, Russian export bans, and damaged Saudi pipelines. The soaring en…
Crude oil surged near $110 per barrel amid escalating military confrontations in the Strait of Hormuz. Standard Chartered warns of prolonged volatility and upside price spikes, while Europe grapples …
The IEA warned that Middle East supply normalisation will be delayed until 2027 due to ongoing war and shipping chokeholds. Despite cutting demand forecasts, crude broke above $100 and diesel surpass…
Brent crude breached $100 per barrel following U.S. strikes on Iranian-linked tankers near the Strait of Hormuz. The supply shock and surging fuel costs have significantly raised market expectations …
Brent crude surged near $100 per barrel following Houthi strikes on Saudi energy facilities. Surging energy prices pushed the 10-year Treasury yield above 4.8%, pressuring the Dow Jones lower by 0.93…
European diesel and petrol prices remain near historical highs due to severe global refining capacity constraints and depleted inventories rather than crude supply alone. High refining crack spreads …
U.S. retail diesel prices surged to an all-time record of $5.848 per gallon, driven by global refinery outages, Russian export bans, and tight distillate stockpiles. While crude remains below its pea…
Surging oil and jet fuel prices driven by Middle East conflicts have prompted Ryanair to slash winter traffic targets to minimize unhedged fuel exposure. The budget carrier warned that less-hedged Eu…
Goldman Sachs doubled its profit forecast for global refiners, citing a severe diesel shortage driven by refinery outages in Russia and the Middle East. Record-high refining margins are expected to p…
Geopolitical conflict in the Middle East has significantly inflated the global oil and gas import bill by $330 billion over six months, driving up energy costs for major importers like the EU, China,…
Escalating Middle East conflict and Ukrainian drone strikes on Russian refineries have knocked out substantial global refining capacity. With diesel crack spreads reaching record triple digits and in…
Historic diesel crack spreads, driven by geopolitical supply shocks affecting Russian and Middle Eastern refining, as well as capacity closures, continue to push prices higher. While crude prices hav…
Prolonged Strait of Hormuz closure from Iran conflict causes severe global jet fuel shortages, hitting European airlines hardest. Jet fuel prices remain volatile, squeezing airline margins and threat…
Glencore posted strong H1 results with 86% EBITDA growth, boosted by trading profits from Middle East disruption. Announced $1.5B shareholder returns and ASX secondary listing plans, though not a dir…
IEA reports EV sales surged 35% in Q2 2026 as Middle East oil crisis spiked fuel prices, pushing 2026 EV market share to 29%, benefiting EV makers and sustaining elevated crude prices.
Shell reported a 70% jump in half-year profits to $16.75bn, driven by higher oil prices resulting from geopolitical tensions in the Middle East. While production volumes faced some disruptions, the o…
Iran war escalation threatens Strait of Hormuz closure, pushing oil near $100/barrel. Depleted SPR reserves and few policy levers left for Trump signal sustained upward pressure on energy prices, wit…
Escalating geopolitical conflicts in the Middle East and Russia are severely impacting critical global oil supply routes and infrastructure. Despite record oil inventories cushioning the immediate bl…