The latest news and updates about Oil from trusted sources around the world.
Iran's rial fell to a new historic low on Monday, underscoring the pressure on households already struggling with rising prices and a weakened economy. The currency's drop came as inflation…
Oil prices eased on Monday after OPEC+ said it would move ahead with a planned production increase in July, reinforcing expectations of higher supply in a market already pressured by soft demand…
The United States and the European Union have announced a new round of sanctions aimed at Iran’s oil export network, escalating economic pressure on Tehran amid renewed concerns over nuclear activity…
Iran’s rial weakened to a fresh record low against the US dollar on Monday, underscoring the growing strain on ordinary people as sanctions tighten and oil export revenues shrink. The currency drop…
The European Union and the United States have agreed on a new round of sanctions aimed at entities tied to Iran’s oil exports, according to Reuters. The move comes as tensions remain high across the…
U.S. stock futures pointed to a firmer open on Monday as traders increased bets that the Federal Reserve could cut interest rates later this year. The shift in expectations helped support risk…
Oil prices were little changed on Monday as traders waited for clarity from this week’s OPEC+ meeting. Brent crude hovered near $77 a barrel, reflecting a market that is holding its breath ahead of…
Iran’s rial fell to a new record low on Monday as the country faces mounting economic pressure from rising prices, tighter U.S. sanctions and declining oil exports. The currency drop adds to the…
Oil prices were little changed on Monday after OPEC+ confirmed it would proceed with planned supply increases in July. Brent crude hovered near $78 a barrel, while West Texas Intermediate traded…
Iran’s currency fell to its weakest level on record on Monday, adding more pressure on households already strained by soaring prices and a worsening economic climate. The decline underscores how…
Oil prices edged lower on Monday after OPEC+ agreed to keep its production targets unchanged, a move that came as traders weighed signs of softer global demand. Brent crude slipped to about $78 a…
European Union foreign ministers have reached a political deal on a new sanctions package designed to hit Russia’s oil and gas income, according to Reuters. The measures are intended to increase…
