“The quicker we can come to an end to this terrible conflict, the better for overall markets,” Bseisu stated. The post Oil prices surge amid Israel-Iran conflict appeared first on Under30CEO.

Iran’s Foreign Ministry warned that it would hold Washington responsible for the consequences. Oil prices surged as much as 13% before settling, with global benchmark oil surpassing $78 a barrel.

The Ministry of Investment, Trade and Industry (MITI) said the recent Iran-Israel armed conflict led to a surge in global oil prices, which in turn increased the cost of raw materials and logistics.

A further escalation of the conflict between Israel and Iran could send oil and gas prices significantly higher, said Ramanan Krishnamoorti, a professor of petroleum engineering at the University ...

The U.S. Energy Information Administration (EIA) has slashed its Brent crude oil price forecast. In its August Short-Term Energy Outlook, it expects global oil prices to fall from $71 per barrel in ...

Oil prices rose again Tuesday morning in Asia, as markets weighed the odds of a resolution in the Israel-Iran conflict. Crude prices bounced as news of fresh attacks rolled in, including another ...

Shell’s chief said it took a “prudent” approach to trading wild oil price swings triggered by geopolitical upheaval including the war between Israel and Iran, in contrast to rivals that capitalised on ...

Oil prices fell on Monday after Iran's missile and drone strike failed to cause widespread damage in Israel and the U.S. administration made it clear it did not support a wider war with Iran.

A modest oil price bounce quickly disappeared when it became clear that Iran had no appetite for an escalatory spiral, with Brent crude slipping back below $70 per barrel. Even war with Iran failed to ...

Oil futures fell as natural gas futures rose in late US afternoon trading on Monday while the Israel-Iran conflict stretched into a fourth day. Brent futures were down 1.85% to US $72.86 per ...

A couple of months ago it would have been a brave call to say that OPEC+ would be able to bring back 2.5 million barrels per ...