Tag: global oil prices
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OPEC+ Approves Oil Production Increase for August Output
Riyadh, Saudi Arabia – (Web Desk) OPEC+ member countries have agreed to increase oil production for August following a virtual ministerial meeting attended by...
Iran Reimposes Full Closure of Strait of Hormuz Following Alleged Violation of Agreement
Tehran, Iran – Web Desk: Iran shuts Strait of Hormuz again, citing alleged agreement violations and regional security concerns.
Iran has announced the full closure...
Iran Requires 48-Hour Notice for Ships in Strait of Hormuz
Tehran, Iran - Web Desk: Iran has introduced new regulations requiring all vessels transiting through the Strait of Hormuz to obtain prior permission at...
Trump says US will achieve ‘complete victory’ over Iran in two weeks
Washington, United States – Web Desk: U.S. President Donald Trump has claimed that the United States could achieve what he described as a “complete...
Crude Oil Prices Jump After Iran-US Talk Stall
Karachi, Pakistan - Web Desk: Global oil markets came under pressure as rising tensions in the Middle East triggered a sharp increase in crude...