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Nigeria and oil firms have earned about $4 billion from the rise in price of crude oil triggered by the US/Israel-Iran war
The post Nigeria, oil firms earn $4bn windfall from Middle East crisis appeared first on Vanguard News.
Oil prices surged and stocks sank Monday after US-Iran peace talks fell apart and Donald Trump announced a blockade of the strategic Strait of Hormuz, adding to fears for energy supplies from the Middle East.
The post Oil surges, stocks fall as Trump says to blockade Strait of Hormuz appeared first on Vanguard News.
Oil prices jumped and most stock markets fell Thursday as investors weighed the prospects of a shaky Middle East ceasefire and a re-opening of the Strait of Hormuz, crucial to restoring oil and gas shipments.
The post Oil prices jump back toward $100 on Mideast ceasefire doubts appeared first on Vanguard News.
Oil prices extended gains on Thursday in the wake of US President Donald Trump threatening further heavy strikes on Iran, dampening hopes of de-escalation.
The post Oil prices climb to $110 per barrel after Trump’s Iran speech appeared first on Vanguard News.
Oil prices jumped and equities slid Thursday as hopes for a peace deal between the US and Iran wavered after Tehran rejected Washington’s bid to wind down the nearly four-week war.
The post Oil price jumps to $106, stocks drop on uncertainty over US-Iran talks appeared first on Vanguard News.
Oil prices soared 10 percent Thursday after Qatar reported “extensive” damage to the world’s largest liquefied natural gas (LNG) facility following Iranian strikes, sparking fears for global energy supplies.
The post Oil soars 10% after Qatar energy sites hit in Mideast war appeared first on Vanguard News.
West Texas Intermediate up 2% at $100.81/pb; Brent North Sea Crude up 3% at $106.20/PB; Tokyo-Nikkei 225, down 0.1% at 53,751.15; Hong Kong-Hang Seng Index up 1.5% at 25,834.02; Shanghai – Composite down 0.3% at 4,084.79
The post Oil rises above $100, most Asian stocks fall as Iran war rages appeared first on Vanguard News.
Oil prices kept rising as markets opened Sunday, with both benchmarks higher as the war in the Middle East disrupts global supplies.
The post Oil prices open higher as war in Middle East rages appeared first on Vanguard News.
Oil prices held gains above $100 Friday and most equity markets dropped after Iran’s leader called for the blocking of the crucial Strait of Hormuz and the opening up of new fronts in the war against the United States and Israel.
The post Oil holds above $100, stocks fall as Khamenei targets Hormuz appeared first on Vanguard News.
US President Donald Trump said Monday that he will waive some sanctions on oil to boost supply and bring down prices, due to market turmoil over war in the Middle East.
The post Trump says will waive some oil sanctions as Iran war roils markets appeared first on Vanguard News.