Crude Climbs Past $111 With Iran Peace Talks Frozen and Hormuz Risks Unresolved
Oil prices moved back above $111 a barrel as hopes for a diplomatic breakthrough between the United States and Iran continued to fade, keeping traders focused on the risk of a prolonged supply shock. Peace talks had stalled with no clear path to reopening the Strait of Hormuz, one of the world’s most important routes […]
Oil Slips as Trump’s Tariff Hike Stirs Global-Growth Fears, Offsetting Middle East Risk Premium
Oil prices fell about 1% after a weekend jolt from U.S. trade policy revived worries about global growth and fuel demand, even as tensions between Washington and Tehran had pushed crude sharply higher the week before. In Asian trading, Brent futures dropped roughly 1.2% to about $70.89 a barrel, while U.S. West Texas Intermediate (WTI) […]
Indonesia palm oil firms eye new markets as US trade war casts shadow
Indonesian palm oil companies are seeking new markets in Europe, Africa and the Middle East as they try to protect themselves from the impact of Donald Trump’s trade war, a top industry executive told AFP. Indonesia is the world’s biggest producer of the edible oil — used in making foods such as cakes, chocolate, and […]
