The price of oil rose sharply to $ 116 a barrel after Donald Trump said he wanted to “take oil from Iran”, sending Asian markets to fall. Brent crude, the international oil benchmark, rose 2% in early trade on Monday, after Trump said he may seize Iran’s offshore Kharg Island facility. Trump told the Financial … Read more
LAUNCESTON, Australia, March 30 (Reuters) – A month after the US and Israel attacked Iran, the global market for the supply of crude oil, refined products and liquefied natural gas is now at its second worst. Everything depends on the Strait of Hormuz. This chokepoint, which typically accounts for 20% of the world’s crude, products … Read more
Nikkei futures slide, S&P futures widen in fall Brent rose 60% in March, the largest monthly increase Gulf peace talks are uncertain as the US builds up troops SYDNEY, March 30 (Reuters) – Stock markets tumbled in Asia on Monday as investors watched for a prolonged Gulf conflict that has already pushed oil prices to … Read more