Global Oil Prices Surge Amid US-Iran War & Trump's Hormuz Threat
Global oil prices continue to surge, driving up fuel costs worldwide, as the ongoing US-Israeli war with Iran persists and ceasefire efforts have reached a dead end. President Trump's recent threat to destroy Iranian infrastructure if the Strait of Hormuz is not opened has further disrupted supply, pushing oil prices above $110 and prompting governments like Seoul to offer public transit refunds.
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Oil back above $110 after expletive-laden Trump threat to Iran
The US president said Iran's bridges and power plants would be destroyed unless it opened the Strait of Hormuz.
Read full article →US-Iran conflict: Middle East war sends US fuel prices soaring, surcharges kick in
Escalating Middle East tensions are driving up fuel costs in the US, impacting daily life and business operations. Petrol prices have surged over a dollar, with diesel seeing an even steeper increase, prompting companies like Amazon and airlines to implement surcharges. Experts warn of broader economic repercussions and consumer price hikes as supply chain pressures mount.
By TOI BUSINESS DESK
Read full article →Oil prices open higher as US-Israeli war with Iran continues to disrupt supply
Read full article →Oil prices rise as US-Israeli war with Iran continues to disrupt supply
The war threatens to linger on as Iran says it is not prepared to meet with US officials in Islamabad and efforts to produce a ceasefire have reached a dead end
By Reuters
Read full article →Fuel costs drive food inflation as Lagos traders, shoppers struggle
Alhaji Abiodun Kosoko has blamed rising fuel prices for surging food costs, warning that transport expenses are squeezing traders and deepening hardship for consumers across Lagos. The post Fuel costs drive food inflation as Lagos traders, shoppers struggle appeared first on Vanguard News.
By Akinbayo Wahab
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