Oil and Gas
Why India looks especially vulnerable as conflict rages in Middle East
India’s GDP growth is expected to reach 6.4% in 2024, and will hit 7% in 2026, according to S&P Global. Kriangkrai Thitimakorn | Moment | Getty Images New Delhi is feeling the heat as tensions in the Middle East show no signs of cooling, with high oil prices likely to increase the country’s already substantial […]
Read More
Oil soars amid Strait of Hormuz shipping fears as Iran war drives prices to nearly $80
Oil prices have soared after U.S. and Israeli strikes on Iran continued on Sunday night. Brent crude prices hit a new 52-week high on Monday, surging 9.3% to reach $79.40, while U.S. West Texas Intermediate prices also rose more than 9% to $73.10. U.S. President Donald Trump said the “overwhelming military offensive” — which he […]
Read More
U.S. crude oil set to top $70 a barrel when trading begins on fears of Iran supply disruption
A cargo ship is pictured off coast city of Fujairah, in the Strait of Hormuz in the northern Emirate on February 25, 2026. Giuseppe Cacace | Afp | Getty Images Crude oil prices are expected to jump when trading opens Sunday evening, as market participants fear war between the U.S. and Iran will spiral out […]
Read More
$100 oil? Prolonged Hormuz closure could spark a 1970s-style energy shock
Tankers are seen at the Khor Fakkan Container Terminal, the only natural deep-sea port in the region and one of the major container ports in the Sharjah Emirate, along the Strait of Hormuz, a waterway through which one-fifth of global oil output passes on June 23, 2025. Giuseppe Cacace | AFP | Getty Images Oil […]
Read More
How the attack on Iran could impact the global oil market and economy
The joint U.S. and Israeli attack on OPEC member Iran risks a major oil supply disruption in the Middle East that, in a worst-case scenario, could trigger a global economic recession. Follow CNBC’s live coverage of the U.S.-Israel strikes in Iran Iran is the fourth-largest oil producer in OPEC at just over 3 million barrels […]
Read More
U.S. and Iran wrap up ‘most intense’ nuclear talks with no deal — more negotiations ahead
Iranian negotiating delegation departs for the site of the talks with U.S., in Geneva, Switzerland, Feb. 26, 2026. Iranian Foreign Ministry | WANA | Via Reuters The latest round of U.S.-Iran talks did not lead to a breakthrough, with both sides agreeing to extend negotiations, Iranian Foreign Minister Seyed Abbas Araghchi said, describing the discussions […]
Read More
Hungary accuses Ukraine of ‘oil blockade,’ deploys soldiers to key energy facilities
Hungary’s Prime Minister Viktor Orban arrives to attend a European Council summit at the EU headquarters in Brussels on March 21, 2024. Sameer Al-doumy | Afp | Getty Images Hungary has accused Ukraine of disrupting oil supplies it gets from Russia and has stationed troops at critical energy facilities across the country as Prime Minister […]
Read More
What to expect from the next round of U.S.-Iran talks as Trump threatens Tehran
U.S. President Donald Trump delivers the State of the Union address during a joint session of Congress in the House Chamber at the Capitol on February 24, 2026 in Washington, DC. Trump delivered his address days after the Supreme Court struck down the administration’s tariff strategy, and amid a U.S. military buildup in the Persian […]
Read More
Iran and U.S. diverge in views on sanctions relief, senior Iranian official tells Reuters
Protesters carry a large “Lion and Sun” pre-Iranian Revolution national flag of Iran, during the ‘March for a Free Iran’, held by Britain’s Iranian Committee for Freedom and Stop The Hate, in London, Britain, on Jan. 18, 2026. Toby Melville | Reuters Iran and the United States have differing views over the scope and mechanism […]
Read More
Ukraine accuses Hungary, Slovakia of ‘blackmail’ over threats to cut electricity
BRATISLAVA, SLOVAKIA – FEBRUARY 15: Slovakian Prime Minister Robert Fico speaks to the media during the joint press conference with U.S. Secretary of State Marco Rubio in the Mirror Hall of the Slovak Governmental Office on February 15, 2026 in Bratislava, Slovakia. (Photo by Zuzana Gogova/Getty Images) Zuzana Gogova | Getty Images News | Getty […]
Read More