US President Donald Trump stated that the ceasefire with Iran is on “life support” after he rejected Tehran’s response to a US peace proposal. He said the reply showed little progress and increased doubts about continuing diplomatic efforts. As a result, tensions remain high in the 10-week-long conflict involving Iran and its regional allies. Furthermore, […]
oil price rise
Oil prices climb as US Iran tensions disrupt global supply fears
Global oil prices have risen sharply as tensions between United States and Iran continue to escalate, raising concerns over potential disruptions in international energy supply chains. Market analysts say the situation has created uncertainty among traders, pushing crude benchmarks upward across global exchanges. Furthermore, reports indicate that the recent seizure of commercial vessels in sensitive […]
Oil prices climb amid rising US-Iran tensions
Oil prices edged higher on Thursday as escalating tensions between the United States and Iran fueled investor concerns, pushing Brent crude near $69.74 and U.S. West Texas Intermediate to $65 per barrel. The gains reflect geopolitical uncertainty coupled with expectations of steady global demand. Brent crude futures rose 34 cents, or 0.49%, while WTI increased […]