# oil%20prices
Latest news and articles about oil%20prices
Total: 64 articles found
US Core Inflation Steady at 2.5% in February — Geopolitics Cloud the Outlook
US core CPI rose 2.5% year‑on‑year in February, in line with expectations, while monthly core inflation slowed to 0.2%. The numbers suggest gradual disinflation but leave the Federal Reserve with an ambiguous signal, especially amid geopolitical risks that could quickly alter the outlook.
Washington Reins In Israeli Strikes on Iran’s Energy Sites, Citing Fear of Blowback and Market Disruption
The U.S. has ordered Israel to halt strikes on Iranian energy storage facilities, the first such restraint since joint operations began, citing fears of Iranian unity, potential post-conflict oil interests, and regional escalation. The move comes as oil prices top $100 a barrel and U.S. gasoline prices rise, intensifying domestic opposition to a widening war.
From ‘Unwinnable’ to Unaffordable: How a U.S.–Iran Exchange Has Become a Global Quagmire
A sharp exchange between the United States and Iran has evolved into a costly, high-risk stalemate. Rising oil prices, depleted Western munitions stocks and a harder-line Iranian leadership are increasing the probability of protracted conflict or dangerous escalation, while diplomatic overtures offer a face-saving exit that remains hard to negotiate.
Trump’s Mixed Messages on Iran: ‘Soon’ to End but ‘Press On’ as Oil Soars and Markets Brace
President Trump issued contradictory statements this week about U.S. military operations against Iran, alternating between suggesting the conflict could end soon and hinting at further action. The inconsistency unsettled markets, sent crude prices surging and falling, intensified domestic political pressure ahead of midterm elections, and left Tehran vowing that any ceasefire would be decided by Iran alone.
How a Middle East War Turns into a Bill on Your Grocery Receipt
The US–Israel–Iran conflict has already translated into higher global energy, fertiliser and food prices as markets price disruption to shipping through the Strait of Hormuz and interruptions to Middle Eastern petrochemical supplies. The shock exposes fragile supply chains, redistributes wealth toward energy exporters and defence suppliers, and risks re‑igniting inflation and a wage‑price spiral while accelerating costly near‑shoring of production.
Trump Urged by Advisers to Exit Iran Fight as Oil and Politics Bite
Senior advisers have urged President Trump to craft a clear exit strategy from the confrontation with Iran, warning that oil prices above $100 a barrel and prolonged conflict risk a domestic political fallout. Mixed messaging from the White House and public opposition to the war heighten the pressure to either define a limited objective or to de-escalate.
Trump’s Inner Circle Urges Exit from Iran Fight as Oil Soars and Political Risk Mounts
Senior advisers are privately urging President Trump to extricate the United States from its confrontation with Iran, citing oil prices above $100 a barrel and the political risk to Republicans ahead of the midterms. Mixed public messaging from the president and majority public opposition complicate efforts to sustain support for a prolonged campaign.
Spike in Crude Forces Fourth Fuel Hike of 2026 as Chinese Drivers Queue and Costs Climb
China implemented its fourth retail fuel price increase of 2026 after international crude surged above $100 a barrel amid Middle East escalations. The rise has prompted queues at service stations and will raise costs for motorists and logistics firms, while analysts warn of further domestic increases if geopolitical tensions push oil higher.
Beijing Signals It Will Shield Itself from Oil Shock as G7 Considers Reserve Release
China told reporters it will take necessary measures to protect its energy security amid a spike in oil prices, while deferring questions about participation in a G7/IEA-coordinated release of reserves to domestic agencies. Beijing’s stance highlights the limits of Western-led market interventions: China’s independent actions will be decisive for global supply and prices.
‘Black Monday’ in Asia as Iran’s Hardline Turn Sparks Oil Surge and Market Rout
Asian stocks tumbled sharply and global oil prices spiked after Iran’s clerical body selected Mujtaba Khamenei as supreme leader and Tehran vowed further strikes. The immediate market reaction—circuit breakers in Korea, steep falls in Japan and Hong Kong, and a near‑30% jump in WTI—reflects fears that the conflict will prolong disruption to the Strait of Hormuz and global oil supplies.
Hormuz Shutdown Sparks Global Oil Shock — $100 a Barrel May Be Just the Start
Iran's effective closure of the Strait of Hormuz has cut roughly 90% of daily oil flows, lifting Brent and WTI above $90 and prompting forecasts that oil could top $100 within days. The disruption — amplified by attacks on energy infrastructure, insurability breakdowns and limited pipeline rerouting — risks a sustained global supply shock with sharp economic fallout, even as China and other importers draw on strategic reserves and contingency plans.
Oil Soars as Iran Names Mojtaba Khamenei Supreme Leader amid Regional Supply Shock
A surge in oil prices reflects widespread disruptions to Gulf crude exports and storage constraints following escalating Middle East hostilities. Chinese state media say Iran’s Assembly of Experts has chosen Mojtaba Khamenei as supreme leader, a development that could deepen geopolitical risk and prolong market volatility.