4+ day, 10+ hour ago   (279+ words) Brent crude held above the $100-a-barrel mark in early trading on Thursday after traffic through the Strait of Hormuz fell to single digits the day before. Brent crude futures were flat at $101.20 a barrel at 02:50 GMT. US West Texas Intermediate…...

4+ day, 11+ hour ago   (738+ words) The true cost of the Hormuz crisis isn’t immediately apparent from countries’ headline rates The Strait of Hormuz seems distant from the supermarket checkout, but the economic distance is shrinking. Headline inflation can obscure that perception. Saudi Arabia’s consumer price…...

5+ day, 4+ hour ago   (577+ words) Prolonged closure of the Bab al-Mandab strait could trigger a global fuel price crisis, analysts have warned, as attacks on Saudi refineries compound an already-acute shortage of products including diesel. Prices for refined oils rose far more sharply than crude…...

5+ day, 5+ hour ago   (880+ words) Energy, agribusiness and critical minerals make the country a market to watch Brazil is Latin America’s leading economy, with GDP of $2.64 trillion and a population of 215 million. As the world’s fourth-largest democracy, it puts the “B” in BRICS. Its presidential…...

5+ day, 10+ hour ago   (477+ words) Valentina Pasquali and Pramod Kumar Oil prices rose for a fourth straight session in early trading on Wednesday, with Brent nearing $100 as the US-Iran conflict flared over control of the Strait of Hormuz. Brent crude futures rose 1.4 percent to $99.31 a…...

6+ day, 3+ hour ago   (758+ words) Crossing the price threshold would signal a new phase in the conflict Brent crude oil appears to be heading inexorably towards $100 a barrel. Traders and analysts often talk of this as “psychologically significant”, though there is nothing fundamentally different in…...

1+ week, 10+ hour ago   (361+ words) Oil prices rose in early trading on Monday after the US and Iran struck vessels in the Strait of Hormuz on Saturday. Traffic through the waterway fell to its lowest level in three months, according to a maritime vessel-tracking company....

1+ week, 4+ day ago   (284+ words) Oil prices declined on Thursday morning after the latest flare-up between Washington and Tehran eased, and the US said shipments through the Strait of Hormuz had rebounded towards pre-war levels. Brent crude futures fell 0.45 percent to $95.2 a barrel at 00:29 GMT,…...

1+ week, 6+ day ago   (362+ words) Passenger demand for Middle Eastern carriers is slowly recovering after a massive drop caused by the Iran war. The region’s airlines recorded a 9.5 percent year-on-year decline in passenger demand in July compared to 14 percent in June, the International Air Transport Association…...

2+ week, 6+ day ago   (601+ words) Oil prices rose early on Tuesday as investors weighed a fresh US threat of sanctions against countries doing business with Iran, though Washington offered few details of what it called an “economic D-Day”. Brent crude traded at $92.73 early Tuesday, up…...