Oil prices sink to a three-month low on reports the US will allow Iran to start selling oil again, while the Australian share market falls after a sell-off across Wall Street's tech and AI stocks. Follow live.
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Oil prices sink to a three-month low on reports the US will allow Iran to start selling oil again, while the Australian share market falls after a sell-off across Wall Street's tech and AI stocks. Follow live.
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The energy supply shock triggered by the Iran War has prompted the IEA to slash its global oil demand forecast. Grouped from 2 articles across 2 sources.
Three Iranian tankers loaded with crude oil have passed the US blockade line in the Gulf of Oman, ship-tracking data shows.
Brent crude drops 2.3 percent, while key stock indices in Japan, South Korea and Taiwan climb.
Oil production facilities and markets will take months or years to work through consequences of Strait of Hormuz closure
BMW blamed a slowdown in its Chinese market, as well as disruption from the Iran war, as two reasons for the slashed guidance.
Fears of summer shortages and $200 oil have been replaced by a focus on looming gluts