Oil rises and Gulf markets rally as Trump threatens Iran sanctions over Strait of Hormuz
Oil prices climbed and most Gulf stock markets closed higher after President Donald Trump threatened new economic sanctions against Iran's…
Oil News (WTI)
Latest WTI crude oil news — price movements, OPEC+ production decisions, US inventory data and energy market analysis.
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Occidental works to shed Anadarko-deal debt as new CEO takes over
Occidental Petroleum's new chief executive Richard Jackson is working to steady the shale producer after the volatile tenure of Vicki…
China’s oil import cuts drive $30 drop in global crude prices amid Iran tensions
China's decision to cut oil imports by 5.5 million barrels per day has reportedly driven a $30 drop in global…
Iran warns neighbours against joining new U.S. sanctions as Hormuz stays closed
Iran's security chief Mohsen Rezaei warned neighbouring states against joining a new round of U.S. sanctions, saying it would make…
Ship traffic through the Strait of Hormuz jumps amid unresolved Iran-Israel-US conflict
Ship traffic through the Strait of Hormuz jumped to nearly 200 vessels last week, up sharply from the prior two…
