Oil prices have fallen more than six per cent as a pause in U.S.-Iran hostilities eased fears of wider supply disruption around the Gulf.
Oil prices plunged more than six per cent on Monday as a pause in hostilities between the United States and Iran eased fears that the conflict could disrupt energy supplies from the Gulf.
The retreat unwound part of the risk premium that had built up during the latest escalation, when traders were focused on potential disruption to shipping and crude flows near the Strait of Hormuz.
The strait remains one of the world's most important energy chokepoints, and any threat to tanker traffic through the waterway can quickly feed into crude and fuel markets.
The pause in fighting reduced immediate concern that the conflict would broaden, though market participants continued to watch diplomatic signals and shipping conditions for signs of renewed risk.
The move also highlighted how sensitive oil prices remain to developments in the Middle East after recent attacks and warnings raised concern about supply security.
A Russian guided aerial bomb has struck an apartment building in Kharkiv, injuring 22 people, including children, according to the city’...
Here's your AnewZ Daily Brief for 28 September 2026. These are the top stories making headlines in technology. ...
Saudi Foreign Minister Prince Faisal bin Farhan arrived in Washington on Monday for talks with U.S. Secretary of State Marco Rubio as Houthi attack...
Leaders from around the world are gathering in New York for the latest session of the United Nations General Assembly, with conflicts in Ukraine and the Middle East, global security, trade, artificial intelligence, climate change and economic development dominating the agenda.
Iran has called for a diplomatic solution after U.S. President Donald Trump rejected its Hormuz proposal, while Foreign Minister Abbas Araghchi said Tehran was awaiting a definitive U.S. response through mediators.
British police have arrested five men on suspicion of offences under the Explosives Act after a major security incident was declared near RAF Fairford, a British air base used by U.S. air forces in Gloucestershire, England.
A Russian guided aerial bomb has struck an apartment building in Kharkiv, injuring 22 people, including children, according to the city’s mayor. The strike follows a day of near-continuous Russian attacks across Ukraine that killed at least five people.
Six people have died after a two-storey residential building in a tourist area of central Athens collapsed, the Greek fire brigade said on Saturday (26 September), following an explosion that the mayor said was likely linked to gas infrastructure.
In the marshlands of Malluba in southern Azerbaijan, Kamil Mammadov follows a routine that has been passed down through generations. His family has worked with medicinal leeches for centuries, harvesting and breeding a species known as Hirudo orientalis, or the Caucasian medicinal leech.
Baku is hosting the second Azerbaijan International Investment Forum (AIIF 2026) and it’s attracting more interest this year, Azerbaijan’s Deputy Prime Minister told AnewZ. “The agenda is very impressive. More guests, more interest,” he said.
Warren Buffett has stepped down as chairman of Berkshire Hathaway, marking the end of one of the most influential leadership tenures in corporate history and completing a succession process that has been years in the making.
Nigerian billionaire Aliko Dangote launched Africa's biggest-ever share sale on Monday, opening the oil refinery that has remade the country's fuel market to public ownership for the first time.
Volkswagen’s supervisory board has approved a major overhaul aimed at cutting 100,000 jobs by 2030 as the German carmaker battles weaker sales, falling profits and intensifying global competition.
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