# oil%20prices
Latest news and articles about oil%20prices
Total: 64 articles found
Asian Equities Plunge: Nikkei Slides Below 55,000 as KOSPI Futures Trigger Circuit Breakers
Japan’s Nikkei 225 fell below the psychological 55,000 threshold, closing at 54,978.86 (down 2.31%), while South Korea’s KOSPI 200 futures plunged about 5%, triggering a five-minute halt to program trading. The moves coincided with sharp commodity price swings and broader risk-off sentiment across the region.
Iran Says It Controls Strait of Hormuz as Tankers Come Under Fire — Global Shipping and Energy Flows Grind to a Halt
Iran's IRGC says it now controls the Strait of Hormuz and has struck multiple tankers, prompting a near halt to shipping through the chokepoint. The disruption has sent freight rates and oil prices sharply higher, forced major carriers to reroute and impose surcharges, and squeezed air cargo capacity, threatening wider supply‑chain pain if the situation is not quickly resolved.
Middle East Escalation Sends Oil Soaring and Markets Reeling; China Watches Closely as Corporates Reshape Portfolios
Iran’s reported strikes on U.S. THAAD systems and accompanying regional violence have driven a sharp uptick in oil prices and broad market volatility. China is responding on multiple fronts: urging de-escalation diplomatically, adjusting trade and logistics routes, and seeing rapid corporate and capital reallocation at home as firms and state-linked buyers react to heightened risk.
Public Turns Cold on US Strike Against Iran, Raising Political and Strategic Costs for Trump
Two polls in early March show broad American skepticism about the US-led strike on Iran, with a majority opposing action and widespread concern that diplomacy was not fully tried. Rising casualties and higher oil prices are increasing political and strategic costs, putting pressure on the White House and complicating prospects for further escalation without congressional approval.
Hormuz Shutdown Fears Send Oil Soaring as Chinese Markets and Tech Face a Two‑Front Shock
A claimed closure of the Strait of Hormuz by an adviser to Iran’s Revolutionary Guard triggered a sharp rise in oil prices and broad volatility across Chinese markets, boosting oil and shipping stocks while dragging major indices lower. The shock coincides with Chinese policy moves—from Shenzhen consumer subsidies to tougher online protections for minors—and fresh tech sector disputes over open‑source licensing and AI commercialization, amplifying short‑term economic uncertainty and regulatory complexity.
Cornered on Two Fronts: Middle East Escalation and a Court-Ordered Tariff Refund Put New U.S. Administration Under Strain
A sudden escalation of attacks between the United States, Israel and Iran has spread across the Gulf, disrupting energy and shipping and threatening higher inflation. At the same time, U.S. courts have ordered the rollback and likely refunding of large parts of President Trump’s tariff regime, removing a key foreign-policy and economic lever and exposing the administration to significant fiscal and political strain.
Hormuz Disruption Sends Oil and Gas Prices Soaring, Forces Central Banks to Recalculate
An adviser to Iran’s IRGC said the Strait of Hormuz had been closed, triggering a sharp spike in oil and gas prices as tankers halted transits and insurance and navigation risks rose. Attacks on Qatari LNG wells and broader Gulf tensions amplified fears of supply shortages, forcing policymakers and central bankers to reassess inflation and monetary policy risks.
Iran Threatens to Seal Strait of Hormuz as Oil Markets and Diplomacy Fray
Iran’s IRGC has threatened to strike any vessel attempting to pass through the Strait of Hormuz, effectively halting tanker traffic and lifting oil prices. The dispute has exposed divisions among Western allies, prompted an SCO call for restraint, and raised risks to global energy supplies and shipping.
Drone Strike on U.S. Embassy in Riyadh Sends Oil and Gold Higher as Trump Warns of Retaliation
A drone attack on the U.S. embassy in Riyadh and U.S. signals of military retaliation triggered sharp moves in global markets on March 3, lifting oil, fuel, and precious metals. President Trump’s War Powers notice and his warning of imminent retaliation have increased the risk premium on Gulf supplies and heightened the prospect of further escalation.
Trump Hints at Easing Iran Sanctions; Markets Pare Oil Gains as Diplomacy Signals Emerge
Markets trimmed losses after reports that Iran and the United States may be reopening diplomatic channels and President Trump signaled he could lift sanctions if Iran's leadership became sufficiently pragmatic. Brent crude retreated from a 13% intraday spike to about a 4% gain as investors priced out some near-term escalation risk, though analysts cautioned that broader regional tensions keep volatility elevated.
Goldman Says Markets Have Priced an $18/Barrel 'Iran Shock' — A Warning of Strait of Hormuz Vulnerability
Goldman Sachs has priced an $18-per-barrel risk premium into crude markets amid reports of severe escalations involving Iran and damage to regional shipping. The premium reflects market concern that a closure of the Strait of Hormuz or other disruptions could swiftly remove millions of barrels per day from global supply, amplifying oil, gas and freight costs despite existing spare capacity and inventories.
Hormuz Shutdown and Leadership Strikes Trigger Supply Shock — Gold Tops $5,400 as Oil Soars
A sharp escalation in the Middle East after strikes on Iran prompted Tehran to ban transits through the Strait of Hormuz, quickly sending gold above $5,400 and causing Brent crude to surge. Analysts warn that a prolonged closure of Hormuz could remove 8–10 million barrels per day from the market, pushing prices much higher and elevating inflation and geopolitical risk worldwide.