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LN24 > Blog > global oil prices
09
Jul

US Launches Fresh Strikes on Iran as Regional Tensions Escalate Following Attacks in Strait of Hormuz

  • LN24 / 1 week
  • 0
  • 3 min read

The United States has carried out a fresh wave of military strikes against Iran, marking a significant escalation in the conflict after Washington accused Tehran of attacking commercial shipping in the strategically vital Strait of Hormuz. According to the U.S. Central Command (CENTCOM), the latest strikes targeted Iranian military assets believed to be involved in […]

08
Jul

U.S. Reinstates Sanctions on Iranian Oil Sales After Tanker Attacks, Raising Stakes in Middle East Crisis

  • LN24 / 1 week
  • 0
  • 4 min read

The United States has reinstated sanctions on Iranian oil exports after a series of attacks on oil and liquefied natural gas (LNG) tankers in and around the Strait of Hormuz, marking a significant escalation in its economic pressure campaign against Tehran and further straining already fragile diplomatic relations. The move comes as tensions between Washington […]

29
Jun

Iran and US Agree to Halt Attacks and Resume Talks Amid Fragile Gulf Ceasefire

  • LN24 / 3 weeks
  • 0
  • 3 min read

The United States and Iran have agreed to halt recent military attacks and return to diplomatic negotiations, offering renewed hope that a fragile peace deal in the Gulf can be preserved after several days of escalating violence. According to a U.S. official, both sides have agreed to “stand down for now” and continue technical discussions […]

09
Mar

G7 to Discuss Joint Release of Emergency Oil Reserves, French Source says

  • LN24 / 4 months
  • 0
  • 3 min read

Finance ministers from the Group of Seven (G7) advanced economies are set to hold an emergency meeting on Monday to consider a joint release of strategic oil reserves in an effort to calm surging global crude prices and shield vulnerable economies from further fallout, a French government source said. The talks, confirmed by officials in […]

09
Mar

Governments Scramble to Limit Fallout of Iran War as Oil Prices Surge

  • LN24 / 4 months
  • 0
  • 3 min read

Governments across Asia, Europe and Africa are rushing to shield their economies from the growing fallout of the war involving Iran, as global oil prices surge to their highest levels in years and financial markets react with sharp volatility. Energy markets were jolted Monday after escalating fighting in the Middle East raised fears of major […]