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 Drop After Trump Warns Iran on Hormuz Global oil prices have dropped sharply on Tuesday. It happened after Donald Trump warned Iran against disrupting the vital shipping route through the Strait of Hormuz. It is a corridor that carries a significant share of the world’s energy supplies. During an early trading in Asia, … 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