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June 17, 2026 11:47 AM

Brent crude falls below $80 amid hopes of lasting US-Iran truce

Global crude oil prices declined by almost 1 per cent on Wednesday as investors and traders assessed the possibility that the Iran conflict would end and the Strait of Hormuz would reopen. International oil benchmark Brent crude fell 0.72 per cent t...

September 2, 2025 7:24 PM

Iran Oil Exports Hit Record High Despite Sanctions and Conflict

Iran’s crude oil and condensate exports have reached a new high over the past 12 months despite the imposition of 14 U.S. sanction packages totaling 465 measures, including the toughest oil-related restrictions since 2018. According to the Iranian ...

July 7, 2025 1:12 PM

Oil tumbles as OPEC+ hikes August output more than expected

Oil prices slipped on Monday after OPEC+ surprised markets by hiking output more than expected in August, while uncertainty over U.S. tariffs and their potential impact on global economic growth weighed on demand expectations. Brent crude futures LC...

June 17, 2025 1:36 PM

Oil prices continue to surge amid growing Israel-Iran tensions

Oil prices rose sharply on Tuesday after US President Donald Trump called for the evacuation of Tehran, raising fears of a wider conflict in the Middle East. The prices jumped initially but later eased, as the market stayed cautious about any major ...

Last updated on: 1st July 2026

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