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.
Ukrainian President Volodymyr Zelenskyy has met Syria’s new leader, Ahmed al-Sharaa, in Damascus in a visit that un...
Iran's military vows more "devastation" over U.S. President Donald Trump's threat over the opening of the Strait of Hormuz,...
U.S. President Donald Trump threatened Iran's energy and transport infrastructure in a social media post containing expletives on Sunday (5 Apr...
At least 70 people are missing and two bodies have been recovered after a boat carrying migrants capsi...
A landslide has left one man missing while an apartment block has collapsed in Russia’s southern region of Dage...
Ukrainian President Volodymyr Zelenskyy has met Syria’s new leader, Ahmed al-Sharaa, in Damascus in a visit that underscores Kyiv’s push to strengthen military ties across the Middle East and promote its military expertise following the outbreak of the U.S.-Israel war on Iran.
Iran's military vows more "devastation" over U.S. President Donald Trump's threat over the opening of the Strait of Hormuz, as two people are reportedly killed in Israel after an Iranian a missile strike on Sunday as Trump praised the resuce of an airman in a high-risk mission from inside Iran.
At least 70 people are missing and two bodies have been recovered after a boat carrying migrants capsized in the Mediterranean Sea, an Italian NGO said on Sunday (5 April).
The family of the late Virginia Giuffre have urged King Charles III to meet survivors of sexual abuse during his upcoming state visit to the United States.
The U.N. Security Council is expected to vote next week on a Bahraini resolution to reopen the Strait of Hormuz and protect commercial shipping, diplomats said on Friday, amid opposition from China to any authorisation of force.
U.S. President Donald Trump threatened Iran's energy and transport infrastructure in a social media post containing expletives on Sunday (5 April), as he seperately gave Iran a deadline of Tuesday to reopen the Strait of Hormuz.
The family of the late Virginia Giuffre have urged King Charles III to meet survivors of sexual abuse during his upcoming state visit to the United States.
Senegal has taken steps to curb government spending by banning non-essential foreign travel for ministers, as rising global oil prices place increasing pressure on the country’s finances.
A French-owned container ship has sailed through the Strait of Hormuz, marking the first passage by a major Western vessel since the outbreak of war involving Iran and the U.S.-Israeli coalition.
At least 70 people are missing and two bodies have been recovered after a boat carrying migrants capsized in the Mediterranean Sea, an Italian NGO said on Sunday (5 April).
Fuel leaked at Russia’s Baltic Sea port of Primorsk, while the NORSI oil refinery caught fire following drone attacks, Russian authorities said on Sunday (5 April).
The family of the late Virginia Giuffre have urged King Charles III to meet survivors of sexual abuse during his upcoming state visit to the United States.
British police have arrested a fourth person in connection with an arson attack on ambulances belonging to a Jewish community charity. The arrest took place at a London court on Saturday, where three other suspects were already appearing.
Senegal has taken steps to curb government spending by banning non-essential foreign travel for ministers, as rising global oil prices place increasing pressure on the country’s finances.
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