Rosneft Chief Executive Igor Sechin said on Saturday that U.S. energy companies were the main beneficiaries of the closure of the Strait of Hormuz and that Washington was trying to change the fundamental contours of the global energy markets to suit U.S. interests. Iran blockaded the Strait, the main route for about a fifth of … Read more
In this picture obtained from Iran’s ISNA news agency on June 1, 2026, Iranians sit on Suru Beach in Bandar Abbas along the Strait of Hormuz. Amirhossein Khorgooei | Afp | Getty Images HELSINKI, Finland — Iran’s influence over the strategically vital Strait of Hormuz has inadvertently transformed the energy security debate, effectively casting fossil … Read more
Oil prices dropped about 3% Thursday, on a report that President Donald Trump is reluctant to resume full-scare war with Iran despite recent clashes. West Texas Intermediate futures declined 3.1% to close at $93.04 per barrel. Brent futures, the international benchmark, lost 2.8% to settle at $95.03 per barrel. Trump told his aides that the … Read more
People walk past Reserve Bank of India signage in front of an installation stall at Global Fintech Fest in Mumbai, India, on Aug. 28, 2024. Indranil Aditya | Nurphoto | Getty Images India’s central bank may defy expectations that it will leave its benchmark interest rate unchanged during its monetary policy decision meeting on Friday. … Read more
APA Corporation’s Beryl Alpha oil platform in the North Sea. Courtesy: APA Corporation Oil prices rose Wednesday as investors weighed uncertainty over U.S.-Iran talks with the two countries launching fresh strikes Tuesday, even as President Donald Trump said negotiations with Tehran were ongoing. West Texas Intermediate futures for July delivery gained over 1.3% to $94.99, … Read more
President Donald Trump on Monday shrugged off the possible collapse of peace negotiations with Iran, telling CNBC, “I don’t care if they’re over, honestly.” “I really don’t care. I couldn’t care less,” Trump told CNBC’s Eamon Javers in a phone interview midday Monday, saying he thought the protracted talks “started to get very boring.” Trump … Read more
Global oil prices have tumbled by around 20% from 2026 highs as investors have grown increasingly optimistic on prospects for a long-lasting ceasefire deal between the U.S. and Iran, which would unlock shipping through the Strait of Hormuz. Brent crude was down 1.2% on the final trading day of the month, at $92.56, as of … Read more
Oil futures are still pricing a quick resolution to the Iran war — but analysts warn that investors and consumers are likely to be left disappointed. Prices jumped more than 3% at one point early Thursday after the U.S. and Iran exchanged fresh missile strikes as hostilities in the Middle East appeared to re-escalate. Brent … Read more
Albert Manifold, chief executive officer of CRH Plc, speaks during a Bloomberg Television interview in London, U.K., on Tuesday, Aug. 19, 2014. Bloomberg | Bloomberg | Getty Images Ousted BP Chairman Albert Manifold has rejected “lies” relating to his conduct, saying he “pushed hard and challenged people directly” during his brief tenure at the British … Read more
Hello, this is Priyanka Salve, writing to you from Singapore. Welcome to the latest edition of “Inside India“ — your one-stop destination for stories and developments from the world’s fastest-growing large economy. The conflict in the Middle East has affected India’s economy, with Prime Minister Narendra Modi urging citizens to curb overseas travel, save fuel — and … Read more