United States and Iran are moving closer to a breakthrough agreement aimed at ending the two-month-long conflict in the Gulf, with officials indicating that a concise memorandum could soon be finalised. Moreover, the development signals a possible turning point after weeks of escalating military and economic tensions. According to sources familiar with the discussions, both […]
oil price drop
Oil prices slide over 2% after Trump eases Iran war fears
Oil prices fell sharply in early Asian trade on Thursday after U.S. President Donald Trump said that killings in Iran’s nationwide protests were subsiding, easing fears of a U.S. military strike and potential supply disruption in the Middle East. This change in sentiment helped calm markets and reversed much of the recent rally driven by […]
Oil prices record steepest annual drop
Oil prices fell sharply on Wednesday, logging an annual decline of nearly 20% as oversupply fears persisted amid sanctions, conflicts, and rising OPEC+ output throughout 2025. Brent crude futures closed at $60.85 per barrel on the last trading day of the year, down 48 cents, while US WTI crude fell 53 cents to $57.42 per […]