The Organization of the Petroleum Exporting Countries and its allies (OPEC+) has agreed to increase its crude output quotas as the Middle East conflict continues to disrupt oil traffic passing through the Strait of Hormuz.
The war in Iran has sent oil and gas prices soaring, boosting profits for energy companies, but burdening consumers. The EU is looking for a way to respond.
DW News
Asian stocks also took a hit after Trump’s speech as most Southeast Asian countries rely heavily on oil imports.
Al Jazeera
President Donald Trump delivers his first prime-time speech since launching strikes with Israel over a month ago, offering an update on the Iran conflict. Amid rising oil prices, market volatility and fresh troop deployments, the address aims to...
Russia imposing ban on all gasoline exports due to Iran war The US-Israeli war on Iran has had a global impact on oil and energy leaving many countries to take measures to reduce the fallout. Russia is now imposing a total ban on all gasoline exports, as Al Jazeera’s Yulia…
Al Jazeera
