Kharg Island, where US forces struck military targets on Friday, serves as the gateway for about 90% of Iran’s oil exports and has long been considered a critical weak point that could trigger a strong retaliation from Tehran if attacked, as reported by reuters. US President Donald Trump said on social media that the US…
Kuwait, the fifth-largest oil producer within the Organization of the Petroleum Exporting Countries (OPEC), announced on Saturday that it has curtailed both oil production and refining output after tanker traffic through the Persian Gulf, Starit of Hormuz, came to a near-complete standstill. The Arab monarchy cited Iranian threats to safe navigation through the Strait of…
OPEC agreed to resume oil production increases next month as a conflict sparked by US-Israeli strikes on Iran threatened to bolster a rally in crude prices. Key members led by Saudi Arabia and Russia — which had paused a series of hikes during the first quarter — will add 206,000 barrels a day, according to…
HOUSTON, Feb 26 (Reuters) – Oil prices were little changed in choppy trade on Thursday as investors tracked developments in talks between the US and Iran over the OPEC member’s nuclear program, weighing potential supply concerns if hostilities escalate. Brent crude futures were up 28 cents, or 0.4%, at $71.13 a barrel by 1:54 pm…
Oil prices declined by around 1% on Monday, after hitting a six-month high last week, amid signs that the US-Iran tensions are unlikely to worsen. Concerns around global growth and lower fuel demand following the tariff hike announcements by US President Donald Trump also weighed on crude. Brent crude futures fell by 76 cents, or…
Oil prices slid about 4% on Monday, February 2, after US President Donald Trump said over the weekend that Iran was seriously talking” with Washington. The comments eased fears of an escalation involving the OPEC member, after earlier concerns over a possible military strike had pushed prices to multi-month highs. Brent crude futures fell $2.81,…
The Organization of the Petroleum Exporting Countries (OPEC) declared on Sunday its decision to maintain consistent crude oil output levels through March — the final phase of a three-month supply halt—despite prices reaching a four-month peak due to potential US military action against Iran. Eight major participants, spearheaded by Saudi Arabia and Russia, reconfirmed the…
HOUSTON, Jan 26 (Reuters) – Oil prices settled slightly lower on Monday after climbing more than 2% in the previous session as investors assessed the impact on output in US crude-producing regions from winter storms and the impact of any tensions between the US and Iran. Brent crude futures closed down 29 cents, or 0.4%,…
The Indian economy is storming during the ongoing geopolitical hurricanes. These tests encountered a limited impact on domestic demand, which holds a healthy forecast of average real GDP growth of +7.0% in FY26 and FY27. However, these are affecting the stock market, led by a rise in volatility trapping investors risk-taking appetite with a rise…
Expert view: After the sharp rise in 2026 and the volatility this year, investors are contemplating how to approach gold and silver going ahead. Navneet Damani, Head of Research, Commodities, Motilal Oswal Financial Servicesbelieves that 2026 will not see a one-way rally in gold and silver prices. That said, he remains bullish on these commodities….
