Brent crude climbs to 85 USD per barrel amid renewed Middle East tensions.

China is building an increasingly important buffer against global oil price shocks: its fleet of electric taxis.

Just one day after announcing a 20% "protection fee" for cargo ships passing through Hormuz, the US president has withdrawn the proposal.

Energy Aspects, an energy consultancy, estimates Europe will face a shortage of nearly 600,000 barrels of jet fuel per day in Q3.

Each barrel of oil rose nearly 3%, while global gold prices at one point fell below 4,100 USD this morning, due to renewed Middle East tensions.

Brent crude is currently near 70 USD a barrel, its lowest level since early march when the Middle East conflict erupted.

The lifting of a US port blockade in mid-June has led to an increase in both Iran's crude oil exports and prices.

Brent crude oil fell below 75 USD a barrel, its lowest level since late february, driven by expectations of normal operations resuming in the Strait of Hormuz.

The world experienced an oil supply shortage of approximately 1.15 billion barrels over the past four months due to the Middle East conflict, according to analytics firm Kpler.

The European Central Bank (ECB) raises interest rates for the first time since 2023, also becoming the first major central bank to do so since the start of the Middle East conflict.

US inflation exceeds 4% for the first time since early 2023, primarily due to rising energy prices.

Spot Brent crude oil prices could reach USD 150-160 per barrel soon if global oil inventories fall to unprecedented lows.

Conflict in the Middle East continues to drive up US fuel demand, helping the nation's oil exports set new records in recent months.

Brent and WTI oil prices dropped 6-7% in the first session of the week, driven by investor optimism that the US and Iran are nearing a peace agreement.