Oil prices rose on Thursday after renewed US strikes on Iran intensified concerns over supply disruptions in the Middle East. The developments added fresh uncertainty to global energy markets already unsettled by ongoing conflict and fragile ceasefire conditions. Investors reacted to fears of further disruptions in the Strait of Hormuz, a key global shipping route. […]
oil prices 2026
Oil prices edge higher after biggest annual loss since 2020
Oil prices edged higher in the first trading session of 2026, attempting to stabilise after suffering their steepest annual decline since 2020 amid persistent concerns over global oversupply and weak demand. However, fresh geopolitical tensions have offered short-term support, helping prices recover slightly from last year’s sharp losses. Brent crude futures rose to around $61 […]