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The recent stock market rally hit a pause as an Israeli airstrike on Iran sent oil prices higher and equities lower to end the first full trading week of June. For the week, the S&P 500 (^GSPC) fell 0 ...
Meanwhile, the hit on the Fajr-e Jam Gas Refinery, in Bushehr province, threatens to disrupt Iran’s domestic electricity and fuel supplies, particularly for the southern and central provinces, which ...
The country’s exports mostly come from Kharg Island in the Persian Gulf. But Israel’s energy facilities are also at risk.
The Israeli military warns Iranians to evacuate arms factories, signaling what could be a further widening of the campaign.
After holding back supply for almost three years to push prices higher, the output curbs are no longer having as much impact, ...
Although the U.S. is a net oil exporter, higher oil prices could increase inflation and lower economic growth.
Following Iran’s recent attack, missile strikes reportedly hit an oil refinery in Haifa, Israel. Magen David Adom has found ...
After a night of intense cross-border attacks, Iran has threatened any country that attempts to defend Israel | ITV National ...
The local sharemarket is set to follow Wall Street lower on Monday as investors brace for wild swings in oil prices amid ...
Ukrainian President Volodymyr Zelenskyy says rising global oil prices following Israeli strikes on Iran will strengthen ...
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The past two years of escalating tensions in the Middle East have taught oil traders to be sanguine about the risk of disruption to oil supplies. Read more at The Business Times.