Oil Prices Surge After Trump Rejects Iran Peace Deal
#OilPrice #IranConflictOil prices surged 4% after Trump rejected an Iran peace plan, as Saudi Aramco warned supply disruptions may persist into 2027. The firm reported $33.6bn first-quarter profit, up 25%, amid ongoing Strait of Hormuz tensions. read more
Global oil prices drop below $74 as market fears ease
#OilPrice #ChinaEconomyGlobal oil prices have dropped by almost $3.50 a barrel due to concerns about China's economic slowdown and easing fears of an attack on Iran by Israel. The decline was fueled by weakened global oil demand and Opec cutting forecasts. read more