Gold ticks up on softer dollar after Iran peace proposal report.
Gold edged higher on Monday, supported by a softer dollar as a report of a new proposal by Iran to end the […]
Oil prices rise amid stalled US-Iran peace talks.
Oil prices have climbed higher amid stalled peace talks between the United States and Iran. Brent crude rose more than 2 percent […]
Gold boom lifts Africa’s reserves to $530 billion as nations rethink the dollar.
The figure, published in the Africa Finance Corporation’s latest State of Africa’s Infrastructure Report, marked a $50 billion increase from $480 billion in […]
Phillips 66 First To Take Advantage of Jones Act Waiver for US Crude.
Phillips 66 has shipped crude oil from Texas to the U.S. East Coast on a foreign-flagged tanker, the first such cargo since […]
US Treasury Secretary Bessent says Gulf, Asian allies request swap lines.
United States Secretary of the Treasury Scott Bessent has said that several allies in the Gulf region and Asia have requested currency […]
How the Iran war oil and gas supply shock compares with past disruptions.
The US-Israeli war with Iran and the closure of the Strait of Hormuz have caused the biggest oil supply disruption on record […]
US Crude Oil, Oil Product Inventories Come Crashing Down.
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 4.4 million barrels in the week […]
Iran war sparks worst energy crisis in history, warns IEA chief.
The conflict between Iran, the US and Israel is creating the worst energy crisis ever faced by the world, the head of […]
India and South Korea plan US$50 bil trade push with new deals.
India and South Korea said on Monday that they would boost their economic ties by expanding cooperation in energy, critical minerals, shipbuilding, semiconductors and steel […]
US–China mineral race heats up as US targets Africa’s largest uranium producer to increase imports.
US officials say Washington plans to increase uranium imports from Namibia while also supporting local production through partnerships with American companies. The strategy was […]
India Pays in Yuan for Iranian Oil Purchases Under U.S. Waiver.
Indian refiners that have bought Iranian crude under the one-month U.S. waiver on Iran’s oil on tankers are settling the purchases in […]
Oil Prices Surge After U.S. Seizes Iranian Vessel Near Hormuz.
Oil prices climbed sharply in early Asian trade on Monday, as the U.S. Navy intercepted an Iranian vessel it accused of attempting […]