oil price rise Archives

Brent Price Briefly Touches A Barrel After Fresh Iran-US Tensions

Brent Price Briefly Touches $80 A Barrel After Fresh Iran-US Tensions

Oil prices briefly soared back above $80 per barrel while stock markets slid Wednesday after US President Donald Trump said the ceasefire with Iran was over, following renewed strikes in the Middle East. The latest bout of fighting was sparked by Iranian attacks on ships in the vital Strait of Hormuz shipping route, through which…

Oil Spikes Past 0 As US Plans Naval Blockade Around Iranian Ports

Oil Spikes Past $100 As US Plans Naval Blockade Around Iranian Ports

DainikNews Live Admin3 months ago03 mins

New Delhi: Oil is back above $100. And markets are back on edge. Prices jumped after the United States Central Command (part of US Department of Defense) said it would enforce a naval blockade around Iranian ports. The aim is stop Iranian oil exports and prevent tolls in the Strait of Hormuz. As a consequence of…