Global Oil Prices Fall Amid Progress on Strait of Hormuz Talks

Crude oil prices dipped slightly in international markets following reports of progress in discussions between Iran and Oman regarding the Strait of Hormuz. Investors anticipate that a successful outcome could pave

Global Oil Prices Plunge by Over 10 Percent in a Single Day

Oil prices have suffered a major collapse in international markets. Driven by growing expectations of a diplomatic resolution between the United States and Iran, crude oil prices dropped by more

Global Oil Prices Climb for Fourth Consecutive Day Amid Rising Mideast Tensions

Global crude oil prices extended their gains for a fourth straight day on Thursday, July 16, as renewed military friction between the United States and Iran, coupled with potential disruptions

US-Iran Accord: Oil Prices Plunge to Three-Month Low

Following U.S. President Donald Trump’s announcement of a peace agreement between the United States and Iran, crude oil prices in the international market have begun to decline. CNN reports that

Ship with Crude Oil Arrives at Ctg Port

MT Fossil, carrying 1,00,000 tons of Crude oil arrived at the outer anchorage of Chattogram Port. Panama-flag carrier MT Fossil sailed from Fujairah Port, UAE and reached the outer anchorage early

100,000 Tons of Saudi Crude Arrives; Eastern Refinery Set to Resume Full Ops

After a prolonged period of uncertainty, a vessel carrying 100,000 tons of crude oil is arriving at the Chattogram port, signaling the resumption of operations at the country’s sole state-owned

Shots Fired at Indian Tankers; New Delhi Summons Iranian Ambassador

Two Indian crude oil tankers came under fire while attempting to transit the strategically vital Strait of Hormuz. Government sources in India confirmed the incident occurred on Saturday (April 18),

Attacks Persist in Lebanon Despite Ceasefire Declaration

While a temporary reprieve in the six-week-old Middle East conflict appeared within reach following a two-week ceasefire agreement between Iran and the United States, continued Israeli strikes in Lebanon have

Oil Prices Surge as Brent Crude Hits $111.43 Per Barrel

Crude oil prices continued their upward trajectory in the international market, with Brent crude futures rising by $2.40, or 2.2%, to reach $111.43 per barrel as of 22:15 GMT. Simultaneously, U.S.

Global Oil Prices Surge to $115 Amid Escalating Conflict; Asian Markets Plunge

Global energy markets were thrown into turmoil Monday morning as oil prices surged past the $115 mark following the opening of Asian trade. The spike, triggered by the intensifying conflict involving

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