Economics ❯ Global Economy

Oil Prices

Market Reactions Inflation Market Impact Supply and Demand Impact of War Strait of Hormuz Market Dynamics Crude Oil Energy Crisis Impact of Conflict

Bank of Korea Set to Raise Policy Rate to 2.75% on Thursday

Higher inflation plus a weaker won and record semiconductor exports have strengthened the case for further increases toward 3.0%.

U.S. Temporarily Allows Iran to Invoice Oil in Dollars

OPEC+ Seven Approve Modest July Oil Increase

UN Warns Iran Conflict Is Driving Millions Toward Acute Hunger

RSS Leaders Say 'India's Time Has Come' but Urge Urgent Preparedness

Trump Sends Stricter Proposal as US–Iran Talks Reach Fragile Peak

Shangri‑La Dialogue to Test Alliances Over Iran War, U.S. Resolve and China’s Presence

Gita Gopinath Warns Oil Could Hit $140–$160 and Urges India to Prepare

Zoho Rules Out Wider Work-From-Home, Citing In-Person Gains in R&D

Trump Backs 20-Year Nuclear Pause to Trade Ceasefire for Reopening Hormuz

UK and France Rally 40-Nation Coalition to Plan Strait of Hormuz Security Mission

OPEC+ Lifts June Oil Output After UAE Quits OPEC

UAE to Leave OPEC and OPEC+ on May 1 to Regain Control of Oil Output

BP Q1 Profit More Than Doubles on Oil-Price Shock and Trading Surge

UAE to Exit OPEC and OPEC+ on May 1

Navy Evacuates Sailor Scratched by Monkey on Phuket Stop

Australia Adds Diesel Cargoes as Cabinet Keeps Level 2 Fuel Setting

Trump’s Iran War Deemed a Strategic Failure

Markets Rebound as Oil Falls on Hopes of Renewed U.S.–Iran Talks

First Iranian Oil in 7 Years Reaches India as U.S. Plans Hormuz Blockade