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Strait of Hormuz: The Chokepoint Pushing Oil Prices to Record Highs

Bloomberg network highlighted the impact of security disturbances near the Strait of Hormuz, through which a fifth of the world's oil consumption passes. The report, based on IMF data, noted that fear...

Sharp Decline in Global Oil Prices Amid Expectations of Shipping Lane Breakthroughs

Global energy markets witnessed a noticeable and sharp decline in oil prices, with Brent crude futures plunging by more than $14 to settle near the $94 per barrel mark. This sudden drop is driven by t...

Oil Prices Record Noticeable Jumps with Escalating Regional Tensions

Global oil markets have witnessed a significant and rapid rise over the past two days due to growing fears of vital supply disruptions through strategic waterways in the Middle East. Observers believe...

Global Oil Prices Stabilize Amid Anticipation of Upcoming OPEC+ Decisions

Global oil markets witnessed a state of relative stability in recent trading, with Brent crude prices holding above $80 per barrel. This calm comes as investors await the next OPEC+ meeting, amid expe...

Fears of Oil Reaching Record Levels Amid Maritime Navigation Challenges in the Arabian Gulf

dijlahpoint - Global economic fears are escalating regarding the possibility of oil prices reaching the threshold of two hundred dollars per barrel, coinciding with the continued security risks in the...

Rise in Basra Heavy and Medium Crude Prices Amid Global Oil Market Decline

dijlahpoint - Iraqi crude oil prices for Basra Heavy and Medium recorded a notable increase, coinciding with a wave of decline across global markets, where Brent crude dropped by more than 1.4% and We...

Gold approaches monthly highs driven by a weaker dollar and US inflation anticipation

dijlahpoint - Gold prices recorded notable gains supported by a weaker US dollar and lower oil prices, as markets await crucial US inflation data to gauge the future monetary policy direction of the F...

Five Percent of Global Fuel Exits Market Following Strike on Saudi Pipeline

dijlahpoint - A news report published on Saturday, September 12, 2026, revealed that five percent of the fuel available in the global market has been withdrawn from circulation as a result of the stri...

International Expert: Gulf Navigation Crisis May Extend for a Year as Iraq Faces Challenges to Secure Financial Independence

An international energy expert downplayed reports of progress in regional negotiations, describing them as mere media claims. The expert emphasized that Tehran maintains strict conditions for reopenin...

Oil Price Fluctuations: Decline in Basra and Brent Crudes Amid Global Market Volatility

Global energy markets witnessed a noticeable divergence in crude oil trading prices, with Iraqi oil prices recording a decline in their market value. According to economic data, the price of medium Ba...

US President Defends Foreign Policy Towards Iran, Asserting Administration's Resolve

US President Donald Trump vigorously defended his administration's policy towards Iran, rejecting criticism suggesting a lack of firmness in dealing with Tehran. In press statements, Trump asserted th...

Peace Breakthrough Drives Gold Prices Higher and Lowers Global Oil Markets

Precious metals markets witnessed a noticeable leap, with gold prices rising by more than 2%, hitting their highest levels following the announcement of a framework peace agreement to end the conflict...