Business

Global markets steady after oil price plunge as Middle East conflict fuels volatility

Global financial markets steadied on Wednesday after a dramatic oil price pullback, with the IEA proposing the largest emergency reserve release in history to calm energy markets, though conflicting signals from the Middle East conflict continue to fuel uncertainty.

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Economy

Oil prices plunge more than 10% as Trump predicts swift end to Iran war

Global oil prices have cratered more than 10 percent in one of the most dramatic reversals in energy market history, plunging from three-year highs above $119 per barrel to below $85 as diplomatic signals and potential intervention by major economies calmed supply fears.

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Economy

Oil prices surge past $100 per barrel for first time since 2022 as Iran war disrupts global supply

Global oil prices have surpassed $100 per barrel for the first time since 2022 as the escalating Iran-Israel-US war disrupts shipping through the Strait of Hormuz, removing 20 million barrels from daily supply and forcing G7 ministers to consider emergency reserve releases.

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