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US gas prices have reached an all-time high since 2022, hitting $4 a gallon, as the Iran war escalates and drives up energy prices, marking the first time in nearly four years the average cost has climbed above this threshold.
Gold and silver prices have strengthened, and FTSE stocks have risen following reports that Donald Trump is prioritizing diplomatic efforts in the Iran war. Barrick Mining Corporation also surged due to strong gold prices, reflecting broader market reactions to the perceived de-escalation.
Former President Donald Trump has reiterated his call for European allies to either purchase jet fuel from the United States or take it themselves from the Strait of Hormuz. He criticized NATO and suggested countries needing oil should be more assertive in securing it, stating the US will not come to the aid of allies who did not help in the past.
Gas prices in the US have eclipsed $4 a gallon, reaching their highest level since 2022, though Wall Street analysts suggest this is unlikely to trigger Federal Reserve rate hikes and could even lead to cuts.
SAN FRANCISCO, Agusan del Sur – The ongoing oil crisis is putting a strain on the livelihood of tricycle drivers in this town, with their daily earnings dropping by almost half. Roel Gaano, a…
Lanao del Sur Rep. Zia Alonto Adiong stated that the ongoing fuel price crisis should not be used as a reason to neglect constitutional duties, reiterating that the House of Representatives can manage both addressing the crisis and handling impeachment raps.
The US-Israel Iran war has halted almost all traffic in a key waterway and the price Brent crude has surged.
Gold and silver prices are currently crashing, prompting analysis into which precious metal is more likely to rebound.
A Russian tanker has arrived in Cuba with an oil shipment, testing the limits of US sanctions and Trump's Cuba squeeze. Cubans cautiously welcome the delivery, though some warn it will do little to ease the energy crisis.
Bosnian citizens are expressing fear as daily fuel price increases have been recorded since the start of the Middle East conflict, with the Federal Ministry of Trade noting price hikes at the end of the month.
On day 32 of the US-Israel war against Iran, President Trump claimed to have "obliterated" Iran, despite earlier reports from Defense Secretary Hegseth that Iran retained its ability to strike. Iran's Revolutionary Guards have now confirmed the killing of a brigadier general in a US-Israeli airstrike, who was sanctioned by the US over an oil network funding Tehran-backed proxies.
US gas prices have surpassed $4 a gallon, reaching their highest level since 2022, while consumer confidence inches up despite soaring prices brought on by the war in Iran, even as stock markets experience gains.
The Land Transportation Franchising and Regulatory Board (LTFRB) in the Philippines has introduced a QR code registration system for drivers who have not yet received their fuel subsidy, simplifying the process to claim payouts.
The Department of Agriculture (DA) in the Philippines addressed concerns about rising food prices, stating that current projections linked to fuel costs do not account for government interventions.
Jim Cramer offered investment advice, suggesting specific types of stocks investors should consider buying if the current oil rally comes to an end.
Nigeria has increased its allocation of crude oil cargoes to the Dangote refinery for the month of May, boosting the facility's supply.
European inflation saw its steepest jump since 2022, driven by soaring energy prices linked to the Iran war, even as core CPI unexpectedly shrank. This surge has led leading economic research institutes to lower their growth forecasts and predict higher overall inflation for the eurozone.
Philippine lawmakers are urging decisive action on rising fuel prices, while the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) has assured sufficient fuel for April. Commuters in Cebu are struggling with higher fares and fewer public transport options due to the oil price hikes, leading more residents to use public transportation, and the BFAR has extended fuel assistance to 900 fishers in Biliran province.
Thousands of passengers have flocked to Philippine transport hubs for Holy Week, with many opting for buses over cars to save on fuel. The rush has caused disruptions, including some parents missing their son's graduation.
A US government panel has exempted oil and gas drilling in the Gulf of Mexico from endangered species rules, a decision critics argue exploits a 'self-made gas crisis' and could endanger the rare Rice's whale.
Fish prices in the Philippines are expected to climb even higher during Holy Week, driven by increased demand and rising production costs linked to the ongoing oil price surge, according to a fishers’ group.
New Zealand's Reserve Bank (RBNZ) is navigating an uncertain economic landscape, with the Iran war and a resulting oil shock significantly impacting its outlook.
Music producer Benny Blanco has recommended starting night outs with olive oil shots, claiming they prevent hangovers, though health experts are urging caution regarding this advice.
State-run power utility in Cyprus announced that electricity prices are expected to decrease by 5% in April, though this benefit may be short-lived if global crude oil prices remain high.
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