The war in the Middle East is pushing oil prices higher. Goldman Sachs now thinks the average price for Brent crude will be over $100 a barrel this month because supply is being cut off. If the block at the Strait of Hormuz lasts longer, prices could rise even more. For April, analysts expect Brent
Defense Secretary Pete Hegseth said that worries about a closed Strait of Hormuz are overblown, claiming the U. S. has plans to keep oil moving even while Iran’s forces threaten shipping. He brushed off reports that the Pentagon had no strategy before the recent conflict, noting that Iran has long u
Zelensky criticises the United States for easing sanctions on Russian oil, arguing it gives Moscow extra money to fund its war in Ukraine. The U. S. President granted a 30‑day waiver that lets nations buy Russian oil stuck at sea, hoping to calm rising fuel prices worldwide. Ukraine’s leader s
The U. S. announced that a refueling plane crashed in Iraq, killing all four crew members who were called heroes by the Defense Secretary. A briefing said that U. S. –Israeli attacks have damaged many Iranian targets, but the exact number was not confirmed. The Secretary also mentioned that Ir
The capital city of Pointe‑Noire buzzes early, with market stalls and street sellers hustling through crowds. Among them is Romain Tchicaya, a 37‑year‑old who once studied management but now sells medicines in small, informal stalls because job prospects are scarce. He says the country’s oil wealth
The Brazilian Finance Ministry has nudged its inflation outlook upward for the current year, citing a rise in expected oil prices linked to tensions between the United States and Israel over Iran. The update comes just before the central bank’s upcoming policy meeting, where officials are weighing w
The market is buzzing with chatter about a possible crash, but the real story is more nuanced. Gold prices are holding steady at $1, 980 per ounce, a level that shows investors are still wary of inflation. Oil is trading near $70 a barrel, its lowest point since last summer, which could signal
The clash over Iran has shifted the money game for U. S. oil makers, giving them a new chance to earn big in 2026. Instead of tech giants like Nvidia, the spotlight is on refineries that turn crude into gasoline and diesel. When prices for oil products rise while the cost of raw oil stays low,
The new Fed leader is stepping into a difficult situation. Oil prices are climbing toward $100, and the market worries that this will keep inflation high. Private‑sector loans are also under pressure, especially those given to tech firms that could lose value if artificial intelligence changes th
Oil markets surged early Thursday, pushing the benchmark Brent crude above $100 a barrel after recent spikes near $120 triggered by attacks on shipping routes. The surge reflects growing worries that supply could be cut off from the Strait of Hormuz, a chokepoint where about one‑fifth of world oil p
