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Global oil slips but Middle East fighting gives floor to drop
Global oil prices slipped after the U.S. launched an operation to reopen the Strait of Hormuz amid ongoing U.S.-Iran exchanges of fire in the Gulf.
S&P 500 falls from record high on Middle East worries
The S&P 500 retreated from record highs following Middle East conflicts impacting oil and shipping, despite strong first-quarter earnings reports.
Oil prices jump 5% as Iran attacks UAE, vessels in Strait of Hormuz
Oil prices jumped about 5% as Iran attacked UAE ports and vessels near the Strait of Hormuz, raising concerns over global oil supply routes.
Oil retreats after hitting four-year high on concern of US-Iran war escalation
Oil prices surged to a four-year high amid fears of a prolonged US-iran conflict disrupting middle east supply, then retreated amid market volatility.
Iran war repercussions impact shipping, oil
Global shipping companies face major disruptions as conflict in the Persian Gulf halts traffic through the Strait of Hormuz, impacting Virginia's fuel and trade costs.
Russia to remain in OPEC+, hopes UAE exit does not spell end of group
Russia plans to remain in OPEC+ despite the UAE's decision to leave, aiming to stabilize global energy markets amid current turmoil.
UAE leaves OPEC and OPEC+ in major blow to global oil producers’ group
The uae has left opec and opec+, weakening the oil exporting groups amid regional tensions and global energy shocks.
Oil prices hit two-week high as Iran talks stall and Strait shipments lag
Oil prices climbed to a two-week high as U.S.-Iran peace talks stalled and shipments through the Strait of Hormuz remained limited, tightening global supplies.
Shipping traffic through Hormuz remains muted with no US-Iran deal in sight, data shows
Shipping traffic through the strait of Hormuz remains muted with only seven ships crossing amid stalled talks between the US and Iran.
Oil volatile as supply worries offset hopes for Iran-US talks
Oil prices fluctuate as supply concerns from the Strait of Hormuz disruption offset hopes for renewed Iran-US peace talks hosted by Pakistan.
US weekly jobless claims increase marginally as labor market remains stable
Initial jobless claims in the US rose slightly to 214,000, signaling labor market stability amid economic uncertainty and geopolitical tensions.
Oil prices rise after reports container ships in Hormuz hit by gunfire
Oil prices rose 2% after gunfire attacks on container ships in the Strait of Hormuz amid stalled U.S.-Iran peace talks and supply concerns.
