Oil prices may fall after spiking to $119.48 Oil prices have moved sideways for several months after spiking to $119.48 in response to the war with Iran. The initial decline from that peak to $76.73 on March 11, 2026 appeared impulsive. This decline likely comple
Sri Lanka hikes rates to combat inflation Sri Lanka raised its overnight policy rate by 100 basis points to 8.75% due to surging oil prices and a weakened rupee. The central bank cited elevated global oil prices and rising inflation as the primary drivers of the rate
Crude oil prices climb after US military targets Iranian missile sites and vessels in self-defense strikes. US military strikes in southern Iran pushed crude oil prices higher on Monday, with West Texas Intermediate (WTI) rising 0.60% to $90.01. The operations targeted mis
US forces strike Iranian missile sites and boats US forces carried out self-defense strikes on missile sites and Iranian boats in southern Iran on Monday. The strikes were in response to an IRGC vessel targeting a US ship. The incidents occurred on the same
WTI crude falls 6.75% to $89.55 after US hints at potential deal easing Middle East tensions and supply risks. Crude oil prices retreated after President Donald Trump indicated negotiations with Iran were advancing, suggesting a possible easing of geopolitical tensions in
Dow futures surge 400 points on Iran deal hopes The US military has confirmed attacks on southern Iran, citing self defense. The incident has sparked hopes of a potential deal, with Dow futures surging 400 points. The S&P 500 has also hit new highs, while t
Trump’s softened stance on Iran’s enriched uranium boosts deal prospects, lifting hopes for Strait of Hormuz reopening. Oil prices fell 7% as markets reacted to reports that Trump has softened demands on Iran’s nuclear program, raising hopes for a diplomatic breakthrough.
Reports indicate US fighter jets retaliated against IRGC boats following an attack on a vessel near the critical oil chokepoint. Unverified social media reports state that Iran’s Islamic Revolutionary Guard Corps (IRGC) targeted a vessel in the Strait of Hormuz, prompting
Progress in US-Iran talks sparks optimism for reopening the Strait of Hormuz, easing supply concerns despite persistent shortfalls. Oil prices dropped nearly 7% on Monday as diplomatic progress between the US and Iran fueled expectations of reopening the Strait of Hormuz,
Singapore considers nuclear power as energy crisis deepens The International Atomic Energy Agency will review Singapore's readiness to produce nuclear energy in 2027. This move is driven by the current turmoil in Asian energy markets. The review aims to det
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