Global oil prices surged on Sunday as the Israel-Iran conflict continued to rattle markets, with Brent crude rising 3.9% to $80 per barrel and U.S. crude climbing 4.3% to $77 per barrel.
The ongoing tensions have caused sharp fluctuations in oil prices over the past week, fueling volatility in the U.S. stock market. Futures for the S&P 500 fell 0.6% on Sunday, and treasury yields dipped slightly amid investor concerns.
The Strait of Hormuz, a critical chokepoint for global crude supply, has become a focal point due to Iran's position as a major oil producer and its proximity to the waterway. Fears of disruptions to crude flow have driven markets to react strongly to developments in the conflict.
Analysts warn that further escalation in the Middle East could significantly impact global energy supplies and financial markets.
Iran’s Revolutionary Guards (IRGC) said on Monday they targeted the source of an attack on a telecom facility on Sirik Island near the strategic Str...
Thai investigators seized more than 100 protected wildlife remains after raiding a souvenir and traditional medicine shop accused of selling wildlife ...
Iran really wanted to make a deal with the U.S. and that it would be a good one for Washington and its allies, President Donald Trump said on Monday....
Ukrainian drones struck targets across several Russian regions overnight, including an oil pipeline pumping station, a refinery and a fuel depot, Russ...
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 1 June, covering the latest developments you need to know....
Thai investigators seized more than 100 protected wildlife remains after raiding a souvenir and traditional medicine shop accused of selling wildlife carcasses online.
The United States has moved to close a regulatory gap that may have allowed advanced AI chips to reach Chinese-linked firms overseas despite export restrictions.
Donald Trump said he is “in no hurry” to reach a deal with Iran, insisting the U.S. is slowly getting what it wants. He warned military action remains an option if talks fail. Meanwhile, U.S. forces said they fired a missile at a vessel trying to breach Washington’s blockade of Iran.
Nicaraguan indigenous leader and former lawmaker Brooklyn Rivera has died in state custody at the age of 73, according to local media reports citing his family.
U.S. rapper Kanye West, now known as Ye, performed to a crowd of 118,000 people in Istanbul on Saturday night, marking his first concert in Europe in more than a decade, despite being barred from performing in several countries over past antisemitic remarks.
Iranian-made Yassin missiles were spotted mounted on Armenian Air Force fighter aircraft during Armenia's latest military parade on Thursday (28 May), drawing attention from defence observers and regional analysts.
The Philippines remains under a "severe threat" from China despite recent efforts by Washington and Beijing to ease tensions, Philippine Defence Secretary Gilberto Teodoro said on Saturday (30 May).
Thai rescuers say five people have been pulled alive from a flooded cave in remote Laos, where seven villagers became trapped after heavy rain cut off access underground.
Russia has recalled its ambassador to Armenia for consultations, citing Yerevan's growing rapprochement with the European Union. The move is seen as the latest sign of deteriorating relations between the longtime allies ahead of Armenia's parliamentary election on 7 June.
Ukrainian drones struck targets across several Russian regions overnight, including an oil pipeline pumping station, a refinery and a fuel depot, Russian and Ukrainian authorities said on Sunday.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 1 June, covering the latest developments you need to know.
The United States has moved to close a regulatory gap that may have allowed advanced AI chips to reach Chinese-linked firms overseas despite export restrictions.
Colombian right-wing outsider Abelardo De La Espriella is set to face leftist senator Iván Cepeda in a presidential runoff, according to Colombia’s National Registry Office data released on Sunday.
Malta’s Prime Minister Robert Abela has secured a fourth successive election victory for his Labour Party, extending its hold on power, though with a reduced majority compared with previous polls.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment