Oil prices hit $100 for the first time since May
The price of Brent crude rose more than 5% on Thursday as the war in the Middle East continues to escalate.
Filter by source ▾
From Syria to UAE, the race to bypass Strait of Hormuz is on
From Syria to UAE, the race to bypass Strait of Hormuz is on The Middle East is entering a pipeline-building boom from the Mediterranean to the Red Sea and the Gulf of Oman , as Arab oil producers rush to bypass the Strait of Hormuz, where Iran is fighting to exert its dominance over global energy flows. Tens of billions of dollars will be spent in the coming years to bypass the chokepoint where the US and Iran are battling for control, experts say. And while the Middle East has a recent history of grandiose infrastructure projects that fizzle out, this time the commitments to rewire the flow of oil are real.
From Syria to UAE, the race to bypass Strait of Hormuz is on
From Syria to UAE, the race to bypass Strait of Hormuz is on Submitted by Sean Mathews on Wed, 07/22/2026 - 18:46 A Houthi blockade against Saudi Arabian shipping underscores how new pipelines and export routes remain vulnerable A handout picture provided by energy giant Saudi Aramco shows one of its engineers at Yanbu refinery in Saudi Arabia's Medina province, on 16 January 2011 (Joe Lynch/Saudi Aramco/AFP) Off The Middle East is entering a pipeline-building boom from the Mediterranean to the Red Sea and the Gulf of Oman , as Arab oil producers rush to bypass the Strait of Hormuz, where Iran is fighting to exert its dominance over global energy flows. Tens of billions of dollars will be spent in the coming years to bypass the chokepoint where the US and Iran are battling for control, experts say. And while the Middle East has a recent history of grandiose infrastructure projects that fizzle out, this time the commitments to rewire the flow of oil are real.
Dubai Cuts Deal For New Port to Bypass Strait of Hormuz
A Dubai-based logistics giant unveiled a deal with the United Arab Emirates on Wednesday to develop a new port system that would bypass the Strait of Hormuz.
Iran's Qalibaf says no one will sell oil in the region if Iran cannot
Iran's Qalibaf says no one will sell oil in the region if Iran cannot Iran's top negotiator Mohammad Baqer Qalibaf said on Wednesday that no one will be able to sell oil in a region where Iran is not able to do so, adding that if Tehran's security is not ensured, no infastructure will be safe. "The equation of this war is clear: either all or none," Qalibaf said in a post on X, adding that the security of the Strait of Hormuz lies in the absence of American forces. معادلهٔ این جنگ مشخص است: یا همه یا هیچکس!
"Troublemaker of the region": Rubio warns ASEAN that Iran's Hormuz blockade sets dangerous precedent
Manila [Philippines], July 22 (ANI): US Secretary of State Marco Rubio on Wednesday warned Southeast Asian leaders, cautioning that permitting illegal maritime blockades in West Asia risks establishing a precedent that could spread to vital Indo-Pacific chokepoints.
Oil Prices Pass $100 A Barrel After Attacks In Middle East
New posts Featured entry 13:19 Oil Prices Pass $100 A Barrel After Attacks In Middle East Brent crude oil rose above $100 a barrel on July 23 for the first time in two months as renewed fighting between Iran and the United States stoked fears of prolonged supply disruptions. The benchmark touched $100.
Sensex falls over 400 points, Nifty slips below 24,150 amid crude surge, pharma stocks under pressure following Trump's tariff announcement
Mumbai [Maharashtra] (India), July 22 (ANI): Indian benchmark indices opened lower on Wednesday as surging crude oil prices amid escalating tensions between the US and Iran weighed on investor sentiment, while Indian pharmaceutical stocks came under pressure after US President Donald Trump announced plans to impose tariffs of up to 200 per cent on generic drug imports from 2028.
Oil prices hit five-week high; Brent crude touches USD 92 amid US-Iran tensions
New Delhi [India], July 22 (ANI): Brent crude prices hit USD 92 per barrel on Wednesday, climbing to a five-week high amid intensifying geopolitical tensions between the US and Iran. Brent crude futures rose 50 cents, or 0. 55 per cent, to USD 91.
Crude oil rally amid renewed Iran attacks may lift pesticide prices ahead: Report
New Delhi [India] July 22 (ANI): As crude oil prices have started surging again amid renewed attacks linked to the Iran conflict, a sustained rise in crude prices could feed through to higher pesticide prices in the coming months, according to a report by Capital 360 ONE. Brent crude futures rose 50 cents, or 0. 55 per cent, to USD 91.
US reimposed 'effectively impenetrable' blockade; Iran at weakest military point in decades: Hegseth
Washington DC [US], July 22 (ANI): US Secretary of War Pete Hegseth on Tuesday (US local time) said the United States has reimposed an 'effectively impenetrable' blockade against Iran and asserted that Tehran is at its weakest military point in decades, as he testified before the Senate Appropriations Committee on the Trump administration's request for a USD 1. 5 trillion defence budget.
US firms back Iraq pipeline projects to bypass Hormuz
WASHINGTON, D. C. : The United States and Iraq signed about US$60 billion in agreements, including major energy projects aimed at creating alternative oil export routes to reduce reliance on the Strait of Hormuz as conflict involving Iran continues to disrupt global energy markets.
US Treasury Secretary says China's purchases of Iran's oil decreased
US Treasury Secretary says China's purchases of Iran's oil decreased In an interview with Fox Business, US Treasury Secretary Scott Bessent said that China's purchases of Iranian oil have decreased substantially.
Why are there sanctions on Iran and when could they be lifted?
Why are there sanctions on Iran and when could they be lifted? Submitted by Daniel Tester on Fri, 07/17/2026 - 11:03 For nearly 50 years the West has targeted Tehran, citing its nuclear ambitions, links with armed groups and human rights abuses Two Iranian men exchange rials against US dollars at an exchange shop in Tehran in August 2018 (AFP) On US President Donald Trump has called for further sanctions against Tehran amid fresh US strikes on Iran . “Republicans should add Iran to the Russian Sanctions Bill,” Trump said on social media on Sunday, referencing a much-delayed bill that aims to target Moscow financially for its invasion of Ukraine, It’s but the latest move against Iran under one of the broadest sanction programmes imposed by the West worldwide.
Sensex, Nifty trade flat in early session; oil prices ease on US-Iran mediation hopes
Mumbai (Maharashtra) [India], July 21 (ANI): Indian benchmark indices opened on a flat note on Tuesday, with both the Sensex and Nifty starting the session with a gap-down, even as global crude oil prices eased slightly amid reports of mediation efforts between the United States and Iran. At the time of reporting, Sensex was trading at 77,697. 75, down 10.
Brent crude tops USD 90, reviving India's energy shock risks; rupee, FPI flows in focus
New Delhi [India], July 20 (ANI): Rising crude oil prices have renewed concerns over inflation and India's exposure to an energy shock, which could impact the rupee and foreign portfolio investment (FPI) flows. Brent crude futures rose USD 2. 69, or 3.
Sensex plunges over 500 points, Nifty falls below 24,250 as Brent crude tops USD 90
Mumbai (Maharashtra) [India], July 20 (ANI): Indian benchmark indices opened sharply lower on Monday, weighed down by escalating tensions between the US and Iran that pushed Brent crude prices above USD 90 a barrel. Both Sensex and Nifty began the week with a gap-down opening, with the Sensex falling more than 500 points and the Nifty trading around the 24,200 level. Nifty was trading at 24,208.
"Republicans should add Iran to Russian Sanctions Bill": Donald Trump
Washington DC [US], July 19 (ANI): US President Donald Trump on Sunday backed adding Iran to a proposed Russia sanctions bill, saying Republicans should expand the legislation to include Tehran. 'Republicans should add Iran to the Russian Sanctions Bill. That's what Lindsey wanted to do, and it was going to happen.
'Postpone travel to Iran': Indian Embassy issues advisory for nationals, asks citizens to consider leaving
Tehran [Iran], July 20 (ANI): The Indian Embassy in Iran on Sunday issued an advisory for nationals planning to travel to Iran, urging them to postpone their visit in light of the developing security situation and also urging Indians already in Iran to consider temporarily leaving the country. The details were shared by the Embassy of India in Tehran in a post on X on Sunday.
Oil Prices Cross $90 a Barrel as U.S.-Iran Conflict Widens
Brent crude, the global benchmark for oil, rose more than 3 percent as trading resumed on Sunday, while S&P 500 futures remained essentially unchanged.
