Oil Slips as Trump’s Tariff Hike Stirs Global-Growth Fears, Offsetting Middle East Risk Premium
Oil prices fell about 1% after a weekend jolt from U.S. trade policy revived worries about global growth and fuel demand, even as tensions between Washington and Tehran had pushed crude sharply higher the week before. In Asian trading, Brent futures dropped roughly 1.2% to about $70.89 a barrel, while U.S. West Texas Intermediate (WTI) […]
Oil prices fall back as ‘hopeful’ Tehran responds to Trump
Shares dipped and oil prices dropped back Tuesday as Tehran gave an encouraging response during talks with US officials in Geneva on Iran’s nuclear programme, after days of escalating rhetoric from President Donald Trump. Oil prices had earlier risen after Trump ramped up threats towards Iran, a large crude producer, but Iranian Foreign Minister Abbas […]
Oil prices rise further as Israel-Iran extends into fourth day
Oil prices extended gains Monday as Israel and Iran pounded each other with missiles for a fourth day and threatened further attacks, stoking fears of a lengthy conflict that could reignite inflation. Gold prices also rose back towards a record high thanks to a rush into safe havens, but while most equity markets dropped further […]
Oil prices drop on easing fears over Middle East, most markets rise
Oil prices extended losses Tuesday after a report said Israeli Prime Minister Benjamin Netanyahu had told US President Joe Biden he would not strike Iran’s crude or nuclear facilities in retaliation for a missile attack earlier this month. The sell-off came as the commodity is hit by worries about China’s economic outlook after Beijing failed […]
