Global Economy
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Iran’s Crude Oil Exports Plummet Over 80% Under Sanctions
TEHRAN, July 9 — Iran’s position as a major player in global oil markets has grown more precarious,…
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OPEC’s six-decade rise shapes global oil power and prices
VIENNA, July 9 — The Organization of the Petroleum Exporting Countries, a bloc that has shaped global energy…
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Oil Market Dynamics: How U.S.-Iran Talks Could Drive Price Spikes
TEHRAN, July 9 — For communities across Asia that depend on stable fuel prices, the ongoing negotiations between…
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Us Iran Tensions Impact Global Oil Markets Through 2025
WASHINGTON, July 9 — The relationship between the United States and Iran remains defined by decades of mistrust,…
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Strait of Hormuz Chokepoint Shakes Global Oil Markets
MUSCAT, July 9 — For communities across Asia that depend on stable energy prices, the Strait of Hormuz…
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Geopolitical Risk Drives Oil Prices Above $63 Per Barrel
LONDON, July 9 — For families and businesses watching the price at the pump, the petroleum market is…
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Rising Oil Prices and Supply Disruptions Hit US Consumers and Markets
MOSCOW, July 8 — Crude oil prices rose on Tuesday to over $100 per barrel, driven by fears…
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Oil Prices Surge as Ceasefire Collapses in Key Energy Region
WASHINGTON, July 8 — Donald Trump, the 45th and 47th president of the United States, has been a…
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How the Strait of Hormuz Became a Global Economic Chokepoint
DUBAI, July 8 — The Strait of Hormuz, a 33-kilometer-wide waterway between Iran and Oman, connects the Persian…
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Trump’s Iran ceasefire end sends oil prices surging
WASHINGTON, July 8 — President Donald Trump’s declaration on March 30, 2025, that the ceasefire with Iran is…
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Oil Output, Exports, and Strategic Reserves Amid Crisis
TEHRAN, July 8 — Iran pumped 3.8 million barrels of crude per day in 2024, and exported roughly…
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The Strait of Hormuz Calculus Tests Global Energy Security
MANAMA, July 8 — The United States Fifth Fleet, the Navy’s primary combat force across the Persian Gulf…
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Oil Output, Reserves, and Key Chokepoints Face Global Risk
WASHINGTON, July 8 — A 21-mile-wide maritime chokepoint carries roughly one-fifth of the world’s daily oil consumption. That…
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US Strikes on Iran Rattle Global Oil Prices and Supply
TEHRAN — The aftershocks of a single day of military action are still being felt in global energy…
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Ukraine Strikes on Russian Refineries Disrupt Global Oil Supply
LONDON, July 7 — The shift is subtle but real. For two years, Ukrainian drone strikes have been…
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Oil’s 150-Year History Shaped the Modern Global Economy
WASHINGTON, July 7 — The story of petroleum is one of discovery, power, and profound economic consequence. For…
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Omsk Oil Refinery: The Heart of Russia’s Fuel Production
OMSK, Siberia — The idea that Siberia’s vastness offered a natural shield from conflict is quietly slipping away.…
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Russia shifts oil exports eastward as Western sanctions bite
MOSCOW, July 7 — Russia, the world’s third-largest oil producer, has been forced into a strategic pivot that…
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Drone Strikes on Russian Refineries Disrupt Oil Exports and Global Markets
MOSCOW, July 7 — Russia’s oil refining sector processed approximately 275 million tons of crude oil in 2023,…
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Kirishi Refinery: Russia’s Largest Oil Facility and Its Strategic Role
MOSCOW, July 7 — The shift is subtle but unmistakable. Russia’s largest oil refinery, the Kirishi refinery —…
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Attacks in Strait of Hormuz Threaten Oil Prices and Supply Chains
WASHINGTON, July 7 — The memory of last year’s spike in oil prices is a sharp reminder of…
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Strait of Hormuz Attacks Threaten to Raise Global Oil Prices
MUMBAI, July 7 — The threat of a disruption at the Strait of Hormuz is the kind of…
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Strait of Hormuz Chokepoint Controls Global Oil Flows
TEHRAN, July 7 — A narrow ribbon of water between Iran and Oman is getting renewed attention from…
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Global Oil Markets at Risk from Strait of Hormuz Attacks
DUBAI, July 7 — Global oil markets are once again watching the Strait of Hormuz with unease, as…
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