Global oil reserves fell by a record 200 million barrels in April amid Middle East tensions, signaling tightening supply conditions despite weakening demand.
Iran's missile and drone attacks on the UAE disrupt Gulf stability, threatening vital trade routes and regional economic security in a renewed escalation.
Iran has presented a detailed 14-point peace proposal to the US, outlining conditions for ending the Middle East conflict amid ongoing military and economic tensions.
US-Iran tensions trigger a 7% rise in Brent oil prices amid threats of long-term blockade, exposing the economic vulnerabilities of global energy markets.
President Trump halts US negotiators’ travel to Pakistan for talks with Iran, citing strategic leverage, logistical challenges, and internal Iranian disarray amid ongoing ceasefire.
The US will not extend sanctions exemptions allowing purchases of Russian and Iranian oil products at sea, tightening energy restrictions amid geopolitical tensions and economic consequences.
Iran condemns U.S. seizure of its cargo ship in the Gulf of Oman as piracy and ceasefire violation, amid rising regional tensions and stalled negotiations.
Rising jet fuel prices amid Middle East conflict force airlines to cut flight capacity by 3% in May, threatening European economic connectivity.
The US has extended its temporary waiver on sanctions against Russian oil exports until May 16, 2024, amid rising energy prices and complex geopolitical factors affecting global markets.
US President Trump rejects NATO's offer to assist in securing the Strait of Hormuz, while Europe plans a peaceful multinational mission amid ongoing Middle East tensions.
Russia's Deputy Foreign Minister says the UN proposal to monitor the Strait of Hormuz lacks support from key parties and its future is uncertain.