US and Saudi Arabia strike Iran-backed militias in Iraq as oil prices jump
Baghdad's Popular Mobilisation Forces have reported dozens of casualties in the first Saudi air operation inside Iraq since the war with Iran began.
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Energy prices tumble across Europe as US and Iran pause strikes
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EU states win power to confiscate and sell Russian oil cargoes
The measure closes a legal gap that has forced European authorities to release every detained shadow-fleet tanker with its crude still on board.
Norway’s national oil company’s profits double amid war on Iran
The company reported adjusted earnings before tax of $11.48 billion (€10.06 billion) for the three months to the end of June.
OPEC+ raises oil output for third month as Hormuz shipping recovers
The group has been unwinding a cut of 1.65 million barrels a day agreed in 2023, when the alliance still included the United Arab Emirates.
Iran declares war with US and Israel ‘officially over’ as oil prices ease
Foreign minister Abbas Araghchi said the conflict had ended on all fronts.
Norway lifts key rate to 4.25 per cent as Middle East war stokes inflation
In a statement on Thursday, Norges Bank governor Ida Wolden Bache said: "Inflation is too high and has run above target for several years."
Middle East war: global economic fallout
Here are the latest economic events in the Middle East war:
German industry orders plummet in January with oil prices adding to pain
Germany’s industrial sector has started weakly into the New Year.
Energy prices soar, stock markets slide on Iran war fallout
Oil and gas prices soared, stock markets slid and the dollar firmed on Monday as the widening Iran war shook financial markets across the globe.
Who will benefit from Venezuelan oil?
The US intervention in Venezuela reopened a question that goes beyond geopolitics: Who stands to gain if the country’s oil sector is revived — and who does not?
Oil jumps, stocks drop on Middle East conflict: markets wrap
Oil surged more than five per cent and investors sought safety in gold, bonds and the dollar after Hamas’s surprise attack on Israel sparked fears of a wider…
International Energy Agency foresees record oil demand and prices going up
The International Energy Agency's (IEA) latest Oil Market Report (OMR) predicts global oil demand to expand by 2.2 million barrels per day (mb/d) to 102.