US Launches Second Night of Strikes on Iran as Hormuz Tensions Deepen The United States launched a second consecutive night of military strikes on Iran as tensions around the Strait of Hormuz intensified. U.S. Central Command (CENTCOM) said the operation followed an Iranian attack on a commercial vessel in the strategic waterway. According to the … Read more
Crude Oil Prices Fall to Pre US-Iran War Level Crude oil prices fell sharply on Wednesday, reaching their lowest level since before the US–Iran war began. The drop reflects a clear shift in market sentiment, as traders responded to easing tensions in the Middle East. Confidence has improved, and earlier supply fears have largely faded. … Read more
US-Iran Peace Deal Announced: ‘Let the Oil Flow!’ U.S. and Iranian officials on Sunday said that they have agreed on a framework aimed at ending their war, lifting the U.S. blockade of Iranian ports and reopening the Strait of Hormuz. However, this preliminary deal still leaves Iran’s nuclear program for later negotiations.President Donald Trump wrote … Read more
Israel and Iran Exchange Strikes for First Time Since Ceasefire A fragile ceasefire between Israel and Iran broke down on Monday after both sides launched direct strikes for the first time since the truce in April. Iran fired missiles toward Israel late Sunday, and the attack quickly raised tension across the region. Israel then responded … Read more
BRICS Delhi Meet: Iran War and Oil Prices Test Unity Foreign ministers from BRICS met in New Delhi on May 14, 2026, as the Iran war, rising oil prices, and shipping risks shaped the agenda. India chaired the talks and pressed for safe, unimpeded maritime routes, stable trade, and stronger cooperation. The summit showed both … Read more
Oil Prices Ease After US Pauses Project Freedom in Hormuz Operation Oil prices dropped in early Asian trade on Wednesday. The decline followed US President Donald Trump’s announcement to pause “Project Freedom.” The operation was aimed at guiding ships through the Strait of Hormuz. However, the pause signaled a possible shift in approach toward the … Read more
UAE to Quit OPEC as Middle East Conflict Pressures Oil Markets The United Arab Emirates has announced it will leave OPEC and the broader OPEC+ alliance from May 1, 2026, marking a major break after nearly six decades in the cartel. The move comes on day 60 of the Iran led war in the Middle … Read more
US Waives Iran Oil Sanctions to Ease Price Surge The Trump administration has temporarily waived sanctions on certain Iranian oil shipments for 30 days. It happened with the aim to the ease soaring global energy prices that were triggered by the ongoing US-Israeli conflict with Iran. The decision was announced by the Treasury Secretary Scott … Read more
Oil Prices Jump After Strait of Hormuz Attacks Global oil prices have surged sharply on Monday after multiple vessels came under attack near the Strait of Hormuz. It intensified fears of supply disruptions as Iran escalates military strikes across the Middle East. The vital waterway, which carries nearly 20% of the world’s oil and gas … Read more