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Iran’s currency fell to a new record low on Sunday, underscoring the pressure on households already hit by soaring prices and a weakening economy. The rial’s slide reflects a broader crisis that has…
Oil prices moved higher after OPEC+ said it will go ahead with a previously planned production increase next month, easing some uncertainty in the market. Brent crude settled up 1.2% at $74.85 a…
Iran’s currency fell to another record low on Sunday after the United States announced new sanctions aimed at the country’s oil exports and parts of its banking system. The move adds fresh pressure…
Oil prices fell as traders balanced expectations for possible OPEC+ supply changes against fresh signs of higher U.S. crude inventories. The market reaction reflected uncertainty over whether…
Oil prices drifted lower on Monday after OPEC+ said it will go ahead with a modest production increase in July. Brent crude fell to about $74 a barrel as traders weighed the added supply against…
Oil prices moved higher on Monday as markets looked ahead to an OPEC+ meeting expected later this week. Brent crude climbed 0.4% to $78.45 a barrel, reflecting investor caution as traders positioned…
The United States and the European Union have announced a new round of coordinated sanctions targeting Iranian oil exports, escalating pressure on Tehran over its nuclear activities and regional…
Oil prices fell on Monday as traders measured the likely effect of OPEC+ supply decisions against a mixed global demand outlook. The move reflected a cautious market response rather than a single…
Iran’s currency has dropped to a fresh record low against the US dollar, underscoring the country’s deepening economic strain. The latest slide in the rial comes as inflation has climbed above 40%,…
Oil prices moved slightly higher after OPEC+ agreed to continue with a cautious increase in production for July. The decision signaled that the group is still managing supply carefully rather than…
Oil prices moved higher on Monday as investors waited for an OPEC+ decision on whether to keep voluntary production cuts in place beyond the third quarter. The market reaction was modest, with…
Oil prices were mostly unchanged on Monday as markets digested OPEC+’s decision to keep production policy steady while investors continued to worry about weaker global demand. Traders are balancing…
