Keywords: Crude prices


US naval blockade redirects 62 ships linked to Iranian trade

The United States Central Command said more than 20 American warships are enforcing a naval blockade targeting Iran, with 62 commercial vessels redirected and four others neutralized since operations began on April 13. The campaign forms part of the Trump administration’s “Operation Economic......

Oil price surge threatens Germany with $46 billion economic hit, warns IW

Rising oil prices driven by escalating tensions in the Middle East are sending shockwaves through global economies, raising concerns about slower growth, higher inflation, and tighter monetary policy if crude prices remain elevated. Governments and central banks from Europe to Asia are confronting mounting......

Rising Middle East tensions raise concerns over global oil supply

Escalating tensions in the Middle East are fueling concerns about potential disruptions to global oil supplies, with analysts warning that crude prices could surge to levels not seen in years if the conflict intensifies. Iran plays a central role in the global energy landscape. The country ranks among......

Oil falls to four year low as global glut deepens

Oil prices have dropped to their lowest level in nearly four years, with Brent trading around 61 dollars a barrel on 6 January 2026, capping a historic slide driven by one of the largest supply surpluses in two decades. The December 2025 monthly average of 63 dollars a barrel was the weakest since early......