US President Donald Trump says Iran will “pay a price” for “taking too long to negotiate a deal”, as the country claimed responsibility for attacks on US forces in Bahrain, Kuwait and Jordan in response to US attacks on Iranian ports and islands in the Strait of Hormuz. In a statement carried by Iranian state … Read more
The spot price of Brent crude oil fell to $124.68 a barrel on Wednesday, in a sign that the Iran ceasefire deal is unlikely to resolve the deep supply disruptions caused by the five-week war. Unlike futures contracts for delivery in June and beyond, the spot price controls Brent oil for delivery in the next … Read more
Commercial ships are pictured offshore in Dubai on March 11, 2026. – | AFP | getty images Asia-Pacific markets opened lower on Friday as oil prices rose anew on fears that a prolonged conflict in the Middle East could further squeeze energy supplies, sparking fears of a global economic recession. Iran’s new supreme leader Mojtaba … Read more