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Global markets on edge as investors await US-Iran negotiations

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Economy

Oil prices drop over 10% after Iran declares Strait of Hormuz 'open'

Oil prices have dropped over 10% in less than two hours after the Minister for Foreign Affairs of Iran declared the Strait of Hormuz "completely open" for the remainder of the current ceasefire with the US.

Economy

Norway’s oil exports jump 68% in March

Norway’s oil exports jumped significantly in March, pushing revenues to multi-year highs as disruptions from the Iran war and the closure of the Strait of Hormuz drove up prices.

Markets

Oil prices fall and markets rally on renewed hopes for peace talks

Shares mostly rose in early Wednesday trading, echoing the rally on Wall Street that came as oil prices eased on hopes that the United States and Iran may resume talks.

Economy

IEA warns 'largest energy security threat in history' is under way

No new energy shipments have been loaded in April, signalling a worsening disruption that could intensify the global energy and economic impact, IEA Executive Director Fatih Birol said on Monday.

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Markets

Stock markets gain and oil falls on hopes of renewed US-Iran talks

European markets opened higher on Tuesday morning, tracking Asian and Wall Street gains, as oil prices fell on expectations that a possible second round of talks between the US and Iran would end the Iran war.

Economy

Germany cuts fuel tax as oil prices surge on Iran blockade

Following tense exchanges between Economics Minister Reiche and Finance Minister Lars Klingbeil, the government held talks over the weekend. Will the coalition succeed in easing the burden on citizens, or will it collapse?

Markets

Oil tops $100 as Iran blockade looms, forint surges on Hungary results

Oil prices surged and stock markets dipped after reports that the US may move to block the Strait of Hormuz. Meanwhile in Europe, the Hungarian forint rose following the election results.

Markets

Stocks rise and oil prices gain as investors await ceasefire talks

Markets have remained positive, with oil prices edging slightly upward, coupled with gains for global equities ahead of the US-Iran talks in Islamabad on Saturday.

Economy

Why Europe’s energy prices could stay high even if the Iran war ends

Energy prices in Europe could stay high for a while, even though the region doesn’t rely heavily on the Strait of Hormuz. Here’s what’s behind it.

Markets

Iran ceasefire effect: Oil plunges as European markets surge

Oil prices plunged below $100 a barrel after the US and Iran agreed to a two-week ceasefire that includes the reopening of the Strait of Hormuz.

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Construction workers block roads in France over soaring fuel prices

Construction workers set up a roadblock on the Nantes ring road to protest rising fuel costs, saying the sharp increase is putting pressure on their businesses.

Business

OPEC+ to hike crude output: Will it make a difference to oil prices?

The Organization of the Petroleum Exporting Countries and its allies (OPEC+) has agreed ‌to increase its crude output as the Middle East conflict continues to disrupt oil traffic passing through the Strait of Hormuz.

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Videos show explosions in central Iran as conflict with Israel intensifies

Iran was hit by a powerful new wave of strikes on Wednesday when massive explosions and thick plumes of smoke rose over Baharestan, in the Esfahan region of central Iran.

Markets

Oil jumps as markets tumble by Trump’s Iran threat

Oil rose sharply, and US and European stocks fell after US President Donald Trump said in his first national address since the Iran war began that the US would continue to hit Iran and "finish the job".

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Fuel shortages spark long queues at petrol stations in Johannesburg

Motorists lined up at petrol stations in Johannesburg as fuel shortages and supply limits caused disruptions and raised concerns over rising costs.

Markets

Stocks jump and oil drops as Trump renews hopes of Iran war ending

European and Asian markets surged on Wednesday amid renewed hopes that the Iran war could end soon after US President Donald Trump said American troops would leave in two to three weeks with or without a deal.