200 stories found
The International Energy Agency (IEA) has again cut its 2026 oil demand forecast, citing the ongoing standoff in the Strait of Hormuz and rising oil prices as factors derailing supply recovery and deepening demand slump.
Asian stocks saw a rise, driven by strong performances from companies like CoreWeave and Super Micro, signaling sustained growth in the AI sector. Additionally, oil prices gained ahead of the release of US CPI data, contributing to the positive market sentiment.
European markets experienced a subdued trading session following a rise in German inflation to 2.8%, while oil prices continued to extend their gains.
The boom in artificial intelligence is driving up Asian stock markets, even as global oil prices continue to rise.
Oil prices have risen as doubts surrounding a potential US-Iran deal heighten concerns about global supply. The uncertainty in geopolitical relations is impacting the stability of the oil market.
Iran has reiterated its firm stance that the Strait of Hormuz will remain closed unless the United States accepts all of its conditions. This declaration comes amidst heightened tensions and ongoing discussions about the strategic waterway.
Oil prices are on the rise again, and concerns are growing over a potential natural gas shortage that could impact US consumers even more severely than increasing oil costs.
Analysts suggest that Brent crude oil prices could hit $100 per barrel as the Hormuz Crisis flares up again, raising concerns about global oil supply.
US equity futures jumped and oil prices tumbled following comments that sparked optimism regarding the Strait of Hormuz, with bond yields reaching August highs.
Gasoline and diesel prices in Sweden have increased by 50 and 85 öre per liter, respectively, after oil prices saw a significant rise yesterday.
Treasury yields increased as oil prices surged, while the Japanese yen experienced renewed pressure in currency markets. Investors are also anticipating upcoming inflation data.
The Indian rupee slipped 8 paise against the US dollar on Tuesday, reflecting caution in global markets due to rising crude oil prices and concerns over the West Asia crisis.
An analyst from Seeking Alpha has issued a warning about a potential stagflation threat, citing a surge in oil prices combined with job losses. This economic outlook suggests a challenging period ahead with both inflation and economic stagnation.
Oil prices surged by 5% as hopes for a deal between the US and Iran regarding the Strait of Hormuz faded, leading to market uncertainty. The US Strategic Petroleum Reserve also fell below 300 million barrels.
The U.S. Dollar has moved higher following a 5% rally in oil prices, with analysis provided for major currency pairs including EUR/USD, GBP/USD, USD/CAD, and USD/JPY.
Oil prices and stock markets are surging as concerns persist over the closure of the Strait of Hormuz, with analysts warning of potential increases in US petrol prices.
Petrol station owners in Cyprus anticipate a drop in fuel prices by the end of the month, provided global oil prices continue to ease.
A new RAND study reveals China has accumulated 1.4 billion barrels in strategic and enterprise-controlled oil inventories, prompting concerns that India must prepare for potential China-driven oil price fluctuations.
On August 10, 2026, major stock indexes experienced a slight downturn, with tech shares facing particular pressure, while oil prices saw an increase.
Major US stock indices, including the Dow, S&P 500, and Nasdaq, experienced declines today. The market downturn was influenced by rising oil prices and a notable drop in Nvidia's stock.
Consumers can expect a significant rollback in oil prices this week, with gasoline and diesel prices projected to decrease by over P4.
Global stock markets on August 10 saw positive movement in Asia, influenced by Wall Street, while oil prices rose as markets awaited clarity on the situation in the Strait of Hormuz.
Oil prices are reportedly climbing, indicating movement in the global energy markets.
Major fuel companies have reported record profits, earning nearly $93 billion in three months, attributed to a sharp increase in oil prices following the conflict around the Strait of Hormuz and recent heatwaves.
India's crude oil import bill increased by 26% to $49 billion in the first quarter of 2026-27, up from $39 billion, despite an 18% decrease in import volumes, driven by rising oil prices.
Greenpeace has criticized eight of the world's largest oil companies for making substantial profits from increased oil prices, which they attribute to the ongoing crisis in the Middle East.
Drivers in Poland can anticipate a significant drop in fuel prices next week, with gasoline potentially falling by up to 20 groszy per liter and diesel by about 10 groszy. This expected reduction is a result of a sharp decline in wholesale fuel prices, driven by falling global oil prices.
Global stock markets saw gains while oil prices experienced a dip, as investors awaited crucial US jobs data which could influence future economic policy.
Oil prices rose due to concerns over potential supply disruptions after Iran proposed a deal with Oman to bar US and Israeli ships from the Strait of Hormuz. Despite the proposal, former President Trump indicated that talks regarding the strait were progressing.
Oil prices have continued to rise, with market attention now centered on ongoing talks between Iran and Oman.
Oil prices gained due to tensions involving Iran, while bond markets saw a drop ahead of the release of US jobs data.
While crude oil prices have retreated, US consumers continue to face high costs for diesel and petrol, with refineries reportedly cashing in on the situation.
Asian government bonds have experienced a decline, a trend attributed to the ongoing rise in global oil prices.
The recent decline in oil prices is providing a supportive environment for the ongoing rally in gold prices.
The US dollar has seen a rally in value, driven by positive economic news from the United States and a significant increase in crude oil prices.
The dollar is experiencing its best day in two weeks, driven by rising oil prices and diminishing hopes for de-escalation in the Middle East.
Major U.S. stock indices, including the S&P 500 and Dow, experienced declines today, while Brent crude oil prices surged by 4%. SanDisk shares trimmed earlier losses amidst a volatile trading session.
Crude oil prices saw gains as the market closely monitored ongoing negotiations concerning the Strait of Hormuz, a critical chokepoint for global oil shipments.
Crude oil prices have jumped due to ongoing uncertainty regarding supplies from the Middle East.
ConocoPhillips has announced the appointment of a new Chief Executive Officer, a development that coincides with the company reporting boosted profits driven by climbing global oil prices.
Oil prices are rising as traders anticipate a formal agreement to reopen the Strait of Hormuz, a critical shipping lane.
New developments are causing oil prices to jump, potentially leading to a fuel shortage in the coming period, just as the situation in the Middle East had stabilized.
Occidental Petroleum has announced a significant jump in its profits, attributed to rising oil prices and strong performance in its midstream operations.
Former President Trump has stated that the US 'may have to' increase oil prices again, hinting at potential future policy decisions impacting the energy market.
Reports of progress toward reopening the Strait of Hormuz, a critical oil transit chokepoint, are weighing on global oil prices.
A war in the Middle East has once again disrupted global oil markets, driving oil prices and refining margins to multi-year highs. This marks the second time this decade that conflict has significantly impacted the global energy sector.
Oil prices are reportedly falling noticeably, with gasoline prices also seeing a slight decrease. Analysts warn that current price movements are primarily driven by headlines rather than fundamental market data.
Glencore reported a significant increase in its first-half profit, primarily driven by the recent rally in oil prices.
President Trump expressed optimism about a deal to reopen the Strait of Hormuz, stating that an agreement could be reached as early as Wednesday. He warned Iran of severe consequences if a deal is not made, while also criticizing oil executives for profiting from the blockade.
Mike Bell, head of market strategy at RBC BlueBay, shared his outlook on energy prices as oil recently slid to its lowest point in over three weeks. His comments come amid optimism for a potential agreement to reopen the Strait of Hormuz.
Competition among petroleum marketers and depot operators in Nigeria has intensified, leading to price cuts for petrol and diesel as crude oil prices continue to drop.
HKFoods saw its revenue increase by over five percent, but profitability was negatively impacted by rising oil prices due to the conflict in Iran, as well as increased logistics and packaging material costs.
Qatar has indicated progress in diplomatic efforts between the United States and Iran towards a potential short-term agreement, which has influenced oil prices. While negotiations are ongoing, no final agreement has been reached.
Asian stocks are advancing, while oil prices are extending their drop, influenced by developments related to Iran. These market movements reflect investor reactions to geopolitical and economic factors.
Gold prices saw gains as lower oil prices and disappointing U.S. jobs data contributed to a reduction in inflation concerns among investors.
The U.S. dollar is experiencing downward pressure due to the strength in stock markets and a decline in crude oil prices.
The Saudi oil giant Aramco announced a significant increase in profitability, with its second-quarter net income rising 44% year-on-year, primarily driven by higher crude oil prices despite the ongoing war in the Middle East.
Mike Sommers, President and CEO of the American Petroleum Institute, stated that increased energy prices are expected to stimulate investments in future oil production, also advocating for more refinery construction and permitting reform in the US.
Treasury yields rose as falling oil prices led to a reduction in market expectations for further Federal Reserve interest rate hikes. This shift reflects the impact of commodity prices on monetary policy outlooks.
Jim Cramer provides his top 10 things to watch in the stock market on Tuesday, with futures up as oil prices slide on hopes of a US-Iran deal.
India has increased the size of its share sale in the state-run insurance giant, Life Insurance Corporation (LIC), to $3.3 billion after the initial offer was oversubscribed. This move is expected to bolster public finances, especially in the face of challenges posed by high oil prices.
The S&P 500 and Dow closed at record highs, with shares of Palantir and Caterpillar jumping. Oil prices dropped due to optimism surrounding a potential US-Iran deal.
BP has announced a $5.7 billion profit, its highest since 2022, boosted by higher oil prices attributed to the Iran war, while environmental groups accuse the energy giant of profiteering.
BP announced its highest profits in four years, attributed to increased oil prices, with environmental groups criticizing the energy giant for profiteering.
Global stock markets have seen a rise despite ongoing tensions involving Iran, while oil prices have increased and the Japanese yen has eased. This indicates a complex reaction from financial markets to the geopolitical situation.
Producers are anticipating new increases in olive oil prices as extreme heat, prolonged drought, and devastating fires across Europe threaten this year's agricultural production, following historical price rallies in previous years.
Wall Street experienced a rally as easing tensions in the Middle East led to a decline in oil prices.
Global stock markets saw slight gains, and oil prices remained steady as investors awaited the release of key US Consumer Price Index (CPI) data.
Oil prices are rising again, contributing to inflation in Germany, though food prices are not increasing as sharply as in previous inflationary waves, with some exceptions.
Two incidents in the Middle East—a US attack on a ship in the Strait of Hormuz and a Houthi attack in the Red Sea—are causing severe impacts on critical global maritime arteries and affecting oil prices.
Oil prices have risen to $87 per barrel, with Nigeria gaining $22/barrel, due to the ongoing US-Iran crisis and concerns over the Strait of Hormuz. Experts warn that prices could reach $140 per barrel if the blockade in the strait continues.
Lindsey Graham's sister, Darline Graham, has advanced to a runoff election for a US Senate seat in South Carolina. This development comes amidst other news including rising oil prices due to doubts over a US-Iran deal and a Trump administration decision to end Medicaid funding for children's transgender care.
Bloomberg's 'Open Interest' segment covers the ongoing flow of billions into AI companies like Intel, Nvidia, and Anthropic, alongside fluctuating oil prices and an upcoming inflation test.
Oil prices fell while stock markets rose as uncertainties surrounding the Strait of Hormuz continued to influence global markets.
Global stock and bond markets are experiencing volatility, with oil prices fluctuating due to hopes of a potential deal with Iran, which could impact inflation concerns.
Investors are warning of complacency as market volatility, measured by the Vix 'fear gauge,' has fallen to pre-war levels, despite oil prices rising back to around $90 a barrel amid ongoing Middle East risks.
Hopes for an agreement in the Strait of Hormuz are diminishing as Iran's supreme leader announces six senior appointments, unsettling military leadership and contributing to rising oil prices.
Flows into Indian equity funds eased in July, even as small- and mid-cap strategies remained popular among investors, against a backdrop of global challenges including rising oil prices.
Uncertainty surrounding Iran has caused oil prices to rise, which in turn dragged down major stock market averages on Monday.
President Trump has demanded that Iran pay compensation for those killed and injured, escalating tensions as hopes for an agreement on the Strait of Hormuz fade and oil prices surge. This demand comes after Iran reportedly sought reparations from the U.S.
Fluctuations in global oil prices are reportedly opening up new trading opportunities for African traders. These market dynamics are creating a different landscape for those involved in the continent's oil sector.
TotalEnergies SE (TTE) is experiencing pressure due to energy sector rotation and a decline in oil prices.
Global crude oil prices have significantly increased, driven by escalating tensions in the Middle East that are threatening to disrupt international oil supplies.
The US Dollar has seen an increase in value, coinciding with a rise in crude oil prices and an uptick in Treasury note yields, reflecting broader market movements.
Global stock markets experienced volatility as an advance in oil prices led to an increase in Treasury yields, reflecting broader market movements.
US equity futures started the week barely higher after erasing overnight gains, with oil prices reaching a one-week high and the Japanese Yen sliding, despite tech leading small caps to all-time highs.
Global stock markets are anticipating a quiet opening, influenced by rising oil prices due to geopolitical tensions in the Strait of Hormuz. Investors are also awaiting crucial U.S. inflation data, which could impact future monetary policy decisions.
Global stock markets saw slight gains, while oil prices remained stable following developments related to the Strait of Hormuz.
Asian shares tracked gains on Wall Street, while oil prices also bounced higher, contributing to a positive market trend. The Bank of Japan hinted at rate hikes, and China's CPI dropped to 0.5%.
Asia stocks edged higher and oil prices increased, with Brent crude adding 0.9 per cent, as shipping through a vital Gulf waterway remained at a trickle.
India's economy is projected for significant growth by 2026-27, bolstered by strong domestic demand and government spending, though external factors like the Middle East conflict and fluctuating oil prices pose global risks, according to Sebi.
Brent crude oil prices have risen by $1, reflecting ongoing market uncertainty regarding the potential conclusion of the Iran war.
Global stock markets are showing mixed reactions ahead of the release of US jobs data, with stocks settling lower due to escalating tensions in the Middle East. Oil prices are gaining due to tensions in the Strait of Hormuz, as traders assess the potential impact on interest rates.
Experts predict that US domestic airfares will likely remain high, even if a lasting ceasefire between the US and Iran leads to lower oil prices, due to strong travel demand and reduced oil refining capacity.
Hindalco reported profits exceeding estimates due to surging metal prices, while Petrobras posted its third-highest profit, benefiting from increased oil prices driven by Middle East conflict.
Hungarian oil and gas company Mol announced a significant profit increase of 663 percent year-on-year for its second-quarter results, benefiting from rising oil prices despite less support from protected prices.
Global financial markets experienced a retreat as a rebound in oil prices reignited concerns about potential interest-rate hikes, influencing investor sentiment worldwide.
Indian stock markets experienced a downturn, primarily influenced by underperforming financial stocks and an increase in global oil prices.
The Pakistan Stock Exchange (PSX) experienced a slip, with the KSE-100 falling over 450 points by midday, as profit-taking and rising crude oil prices weighed on investor sentiment across key sectors.
A Houthi attack on Saudi Arabia injured 11 civilians, including a child, prompting the kingdom to warn of imminent, Iran-supervised attacks from both Houthi and Iraqi militia groups. The incident has raised concerns about regional escalation and impacted oil prices.
US stocks edged lower and Asian stocks were set to slip as oil prices rose, fueled by concerns over Iran, while more corporate earnings reports continued to roll in.
Oil prices have seen gains, with the market reacting to an Iranian proposal to bar 'hostile' vessels from the Strait of Hormuz and continued anticipation for a deal regarding the critical waterway. Gold prices, meanwhile, pared earlier gains.
Gasoline prices are projected to stay elevated through the fall, even if crude oil prices stabilize, primarily due to a tight refining market exacerbated by the conflicts in Ukraine and Iran.
Iran has announced an agreement with Oman to reopen the Strait of Hormuz, a critical shipping lane, while simultaneously threatening Gulf states with attacks on energy infrastructure if the US strikes Iran. This development has caused oil prices to rise due to market fears of disruptions in the strait.
Prices for diesel and heating oil in Luxembourg are set to decrease by several cents per liter starting at midnight, making them considerably cheaper.
Iran continues to send mixed signals regarding potential talks, with Tehran denying US President Trump's claims of eagerness for a deal and clarifying that discussions with Oman concern the Strait of Hormuz, not Washington. This comes as Iran reiterates that the full reopening of the Strait of Hormuz remains contingent on the United States ending its naval blockade.
Metsä Group's comparable operating result remained in the negative, while Metsä Board's turned positive for the first time in over a year, with rising oil prices increasing costs.
Shipping through the Strait of Hormuz and Bab el-Mandeb has plunged, with just three vessels crossing the key waterways, following Houthi attacks on Saudi oil tankers and ongoing regional disruptions.
Maurel & Prom reported increased profits, attributed to rising oil prices, with expectations for normalizing oil exports from Venezuela.
Asian stock markets experienced a decline due to a pullback in the technology sector, while oil prices remained stable as ongoing talks concerning Iran continued to be a key focus for investors.
Scott Bessent has conveyed a strong message concerning the trajectory of oil prices and the situation involving Iran.
International stock markets continued to set records, with Paris and Madrid reaching new highs, while oil prices experienced another day of decline.
Crude oil prices are experiencing downward pressure due to growing optimism that the Strait of Hormuz, a critical shipping lane, may soon reopen.
Oil and gasoline prices are noticeably falling, but analysts caution that current price movements are primarily driven by news headlines rather than underlying fundamental market data.
Oil prices have dropped to their lowest in three weeks, while the US is reportedly working on a ban for Chinese data center devices, reflecting ongoing geopolitical and economic tensions.
The Ibex stock index has prolonged its rally, climbing above 20,100 points, as European and Asian markets maintain an optimistic tone driven by relief over Hormuz and falling crude oil prices.
European stock exchanges in Paris, Frankfurt, and Madrid have reached new absolute records, driven by renewed diplomatic efforts in the Middle East, strong corporate earnings, and a drop in oil prices.
An armed man was arrested near Donald Trump's golf course in California, with police stating he was 'monitoring security' ahead of the former president's visit. Investigations are underway to determine his motives.
The prospect of a swift reopening of the Strait of Hormuz is fueling investor optimism in Asia, causing oil prices to decline and Asian stock markets to rise.
Oil Markets Price In An Iran Deal That Does Not Exist Yet Oil prices tumbled Tuesday as traders once again priced in a U.S.-Iran agreement before anyone had actually signed one. West…
Suncor Energy exceeded profit estimates as high oil prices contributed to boosted refining margins, leading to a strong financial performance.
Qatar has indicated progress in US-Iran negotiations aimed at reopening the Strait of Hormuz, with the Qatari Emir holding discussions with Donald Trump. Iran and Oman are reportedly close to a deal that would involve a service fee for passage through the strait.
Oil prices have fallen below $80 for the first time since July, with market analysts speculating that a potential deal with Iran could be a contributing factor.
While oil prices grab headlines, the Middle East conflict is also significantly influencing Europe's gas prices, driven by specific underlying factors.
Kosmos Energy Ltd. reported its Q2 performance, which was negatively impacted by a broader weakness in crude oil prices.
The U.S. dollar is experiencing downward pressure, influenced by the strength of the stock market and a decline in crude oil prices.
International oil companies are reporting enormous extra profits, with some doubling their net gains, driven by expensive crude oil and high fuel prices, delighting investors while consumers face rising costs.
BP has reported a significant increase in its profits, doubling to $5.7 billion, marking its highest since 2022. This surge is attributed to rising oil prices, partly influenced by geopolitical tensions.
A Greek-owned vessel was reportedly hit by an unknown projectile in the Strait of Hormuz, leading to the crew abandoning the ship. One seafarer is currently reported missing following the incident.
Donald Trump stated that ongoing negotiations with Iran are their 'last chance' to end the conflict, while Tehran denies that any talks have even begun. This uncertainty has led to a rise in oil prices.
The CAC 40, Paris's benchmark stock index, hit an all-time high of 8669.69 points on Tuesday morning, boosted by a decline in oil prices.
The Spanish stock index Ibex has reached an all-time high of 20,000 points, while Middle East conversations have led to a 5% drop in oil prices.
Brussels Airlines recorded a pre-tax loss of -70 million euros in the first half of 2026, a 50% increase in losses compared to the same period in 2025, attributed to rising oil prices, Ebola, and strikes.
Pakistan's KSE-100 stock index fell 533 points due to profit-taking and broader global market uncertainty, exacerbated by rising oil prices following attacks on shipping in the Strait of Hormuz.
Global markets are showing mixed reactions, with oil and gold prices rising while US stock futures climb, as investors brace for the release of crucial US inflation data. Energy prices are anticipated to fall, potentially influencing the overall inflation figures.
Oil prices have increased after reports of attacks on ships in the Strait of Hormuz and Bab el-Mandeb. These incidents have raised concerns about shipping safety and supply disruptions in critical maritime routes.
Brent crude prices hover near $90 per barrel, as fallout from Iran war hits travel firm Tui’s profits Good morning, and welcome to our rolling coverage of business, the financial markets and the…
Oil prices increased on Wednesday following deadly attacks on vessels in the Red Sea and Gulf of Oman, which heightened concerns over risks to global shipping routes and supply.
Global markets saw oil prices increase with attention on Iran, while CoreWeave's stock experienced a rally.
An oil spill from a 24-year-old 'shadow fleet' tanker carrying 1 million barrels of Russian crude has contaminated nearly 400 square kilometers of sea near a nature reserve in Oman, causing uncertainty in oil prices.
During a NATO trip to Turkey, former President Donald Trump reportedly switched planes in a secret operation, being moved in a catering container, to evade a potential threat from Iran. This maneuver left journalists behind as a decoy.
Donald Trump signed an order to reduce recommended childhood vaccinations, drawing strong criticism from health experts who deem the move dangerous and not based on scientific evidence. This decision was made amidst other unrelated news about Trump's activities.
US stock futures are slightly up as oil prices reversed earlier gains, driven by optimism regarding Iran and traders awaiting key inflation data for Federal Reserve policy guidance.
Oil prices have risen, leading to increased inflation concerns and putting pressure on emerging market assets.
Analysts are debating whether investors should chase the current rally in gold prices or wait to buy on dips, noting that gold's sensitivity to oil prices may be limited unless oil surges sharply, while Middle East volatility could cap gains.
Stock markets concluded the day lower as a significant rise in crude oil prices fueled concerns about inflation, impacting investor sentiment.
The US Dollar has pushed higher in financial markets, driven by a surge in crude oil prices and an increase in T-Note yields.
Denmark has experienced an unexpected decrease in inflation, according to new measurements from the national statistics office, contrasting with rising inflation seen elsewhere due to increasing oil prices.
Stock markets are showing volatility and bond yields are rising due to a rally in oil prices, as traders anticipate key inflation reports in the coming days.
The stock market experienced mixed performance as higher crude oil prices contributed to an increase in T-note yields, influencing investor sentiment and market trends.
Global stock markets are experiencing pressure as an increase in crude oil prices leads to higher T-note yields, impacting investor sentiment.
Iran's foreign minister stated that a pact with Oman to establish a shipping route through the Strait of Hormuz is 'very close,' while ruling out direct talks with the US for now. However, a deal to reopen the Strait of Hormuz remains elusive, even as global stocks trade near record highs and oil prices hover around $83 a barrel.
Global stock markets are wavering near record highs, while crude oil prices continue to advance. This trend reflects current market dynamics and investor sentiment.
An analysis suggests that China has taken control over oil prices, preventing them from soaring to predicted levels even during the height of a war in Iran, despite initial shocks to oil supply.
President Trump indicated the US would rely on economic pressure against Iran, while Iran linked the reopening of the Strait of Hormuz to US concessions on several demands, signaling a shift in US strategy away from immediate military confrontation.
Global stock markets are extending their rally, and oil prices are advancing due to ongoing uncertainty surrounding a potential nuclear deal with Iran and tempered hopes for a swift reopening of the Strait of Hormuz.
Dalal Street will closely monitor global geopolitical shifts, local economic data, fluctuations in crude oil prices, and news from the Strait of Hormuz this week. Investors will also pay attention to important domestic inflation figures.
The Pakistan Stock Exchange (PSX) recorded substantial gains of 5,336 points, driven by relief in oil prices and optimism regarding external financing, despite ongoing geopolitical concerns.
Uncertainty surrounding the reopening of the Strait of Hormuz has led to an increase in crude oil prices. The strait is a critical chokepoint for global oil shipments.
Citi has revised its forecast for Brent crude oil prices, predicting they will reach $80 a barrel by the third quarter of 2026.
US stock index futures remained muted or saw slight gains on August 7, 2026, as investors awaited the closely watched July jobs report. Oil prices also ticked higher, with market focus on the upcoming economic data.
European markets saw shares rise and oil prices edge higher, with ongoing Iran-Oman talks remaining a key focus for investors.
World and Asian shares are mixed following a decline in US stocks, while oil prices have rebounded. This reflects a volatile global market environment with varying regional performances.
Oil prices are rising due to increasing doubts about the swift reopening of the Strait of Hormuz. This uncertainty is also impacting U.S. stock markets, which are down on concerns about a potential deal.
Lost refining capacity in Russia and the Gulf is benefiting US refiners but creating a political problem for Donald Trump by keeping fuel prices high despite retreating crude oil prices.
Asian stock markets paused as investors awaited US jobs data, while oil prices extended gains due to escalating risks in the Middle East. The geopolitical tensions are impacting global energy markets.
Global stock markets saw slight gains, driven by positive movements in Korean markets, while Brent crude oil prices also experienced an upward trend.
Top headlines in the energy sector include ConocoPhillips appointing a new CEO, while climbing oil prices have contributed to boosted profits for companies like Suncor.
Crude oil prices finished sharply higher due to lingering doubts about the reopening of the Strait of Hormuz. Concerns over potential disruptions to oil shipments through the critical waterway are impacting market sentiment.
Several companies, including Fiserv, ConocoPhillips, and WPP, have released their Q2 2026 earnings reports and updated their financial outlooks. While some, like ConocoPhillips, beat estimates, others, like Fiserv, cut their 2026 outlook.
ConocoPhillips has announced a new CEO, with the company's profits reportedly boosted by an increase in oil prices.
Transportation Secretary Giovanni Lopez announced that fare hikes on all public utility vehicles will remain suspended, despite recent oil price increases and inflation.
Tech stocks experienced a decline as rising oil prices contributed to an increase in bond yields, impacting market performance.
Oil prices have stabilized following a significant weekly decline, with developments in the Strait of Hormuz being offset by broader supply concerns.
Oil traders are adjusting positions amid worsening odds for an Iran deal, while markets await further news regarding a potential agreement and Iran reviews a bill to ban vessels from the Strait of Hormuz, impacting oil prices and global shipping.
Iran announced it is close to finalizing an agreement with Oman regarding shipping through the Strait of Hormuz, even as reports emerged of two explosions near a tanker in the strait. The potential deal aims to establish control over passage through the critical waterway.
Oil prices and energy stocks have fallen as optimism grows over a potential agreement to open the Strait of Hormuz, with Iran citing progress in discussions with Oman.
The Philippine government will increase the fuel discount for drivers of passenger jeepneys and UV Express units to P12 per liter starting August 15, extending the assistance indefinitely due to higher oil prices.
European stock markets in Paris and Madrid, along with the Dow Jones and S&P 500, achieved historic record levels. This surge in global markets was largely attributed to a significant drop in oil prices, though Wall Street remained cautious.
The Indian Rupee achieved its strongest closing level against the US dollar in a month, supported by sliding oil prices, even as the Reserve Bank of India paused its actions.
Silver prices are rising in early trading, driven by optimism surrounding the Strait of Hormuz, while oil prices are dipping due to news related to Iran. This market movement reflects geopolitical influences on commodity prices.
AG Capital's Market Strategist Casey Sprake commented on the market's reaction to AI capital expenditure, while Brent crude remained below $80 amid hopes for a Hormuz deal and easing oil prices reduced pressure on the Federal Reserve.
The Dow and S&P 500 saw gains in today's stock market trading, driven by falling oil prices, while the Nasdaq processed recent tech earnings reports.
Major energy companies are reporting significant earnings, capitalizing on the market volatility and surging oil prices caused by the ongoing U.S.-Iran conflict.
Global stock markets rallied to record highs, while oil prices and the dollar dipped, with reports indicating that developments related to Iran were a contributing factor to the market movements.
EOG Resources announced a doubling of its second-quarter profit, driven by an increase in both oil prices and the company's production volumes.
Asian stock markets experienced a significant surge, driven by a positive shift in technology sector sentiment. Concurrently, oil prices retreated, contributing to the overall market dynamics.
Oil prices fell below $80 a barrel as Gulf countries reportedly seek a solution regarding the Strait of Hormuz. The market reacted to ongoing discussions and potential developments concerning the vital shipping route.
The US stock market rallied to record highs, with the S&P 500 climbing 1.8%, as companies continued to report strong profits, particularly in AI, and oil prices eased.
The prospect of the Strait of Hormuz reopening has led to a decrease in crude oil prices.
International stock markets are breaking records, with Paris, Frankfurt, and Milan indices reaching historic highs, while oil prices continue their downward trend, falling below $80, influenced by developments around Hormuz and SpaceX.
Crude oil prices have fallen due to optimism surrounding a potential deal to reopen the Strait of Hormuz, which could ease supply concerns.
Saudi Aramco reported stronger-than-expected earnings for Q2 2026, with oil prices reportedly boosted by the ongoing conflict with Iran.
Oil prices are still decreasing, leading several chains in Sweden to lower petrol and diesel prices by 55 and 85 öre respectively.
Saudi Aramco, the world's largest oil company, announced a substantial increase in its second-quarter profits, with figures rising by 33% to 44%. This profit surge is attributed to higher oil prices, partly influenced by disruptions and tensions in the Middle East, including the ongoing situation with Iran.
Emerging-market stocks and currencies experienced pressure as the lack of progress in US-Iran talks caused oil prices to rise above $86 a barrel.
Donald Trump asserts that negotiations with Iran are underway, a claim that Tehran has denied, stating that talks have not even begun, leading to uncertainty about the fate of the negotiations and rising oil prices.
Global stock markets saw gains, oil prices increased, and the Japanese yen eased, despite ongoing tensions involving Iran, indicating a complex reaction from financial markets.
The Oslo Stock Exchange experienced an upturn, driven by a rise in oil prices.
The prolonged heatwave is affecting olive tree growth and fruit size, increasing pests, and leading to smoke, ash, and poorer air quality, which is expected to cause a jump in olive oil prices.