Falling global energy prices, potentially due to a US-Iran agreement, could offer relief to Indian refiners and gas consumers. Brent crude has dropped to nearly $83/barrel, impacting India's 88% crude import dependence. LNG prices, though moderated, remain elevated.
Global oil prices have fallen to a three-month low and stock markets have reached record highs amid optimism that a US-Iran peace deal could resolve the energy supply crisis. Brent crude dropped 4% to $83 as hopes rise for the reopening of the Strait of Hormuz.
Global oil and gas markets have seen prices fall after a US-Iran peace deal was confirmed, potentially reopening the Strait of Hormuz. Brent crude dropped to $83 a barrel and gas prices fell 6%, easing fears of severe economic consequences.
Global oil prices dropped to a three-month low and stock markets rallied amid optimism over a potential US-Iran peace deal that could reopen the Strait of Hormuz and ease energy supply concerns. Brent crude fell below $83 a barrel, while wholesale gas prices declined in Europe.
Главный рыночный стратег JPMorgan Asset Management Карен Уорд прогнозирует падение цен на нефть Brent до 70 долларов за баррель к концу июня из-за договоренностей Ирана и США, которые приведут к возобновлению экспорта ближневосточной нефти.
Global oil prices dropped and stock markets surged as optimism grew for a US-Iran peace deal, potentially reopening the Strait of Hormuz and ending a major energy supply crisis. Brent crude fell below $84/barrel, while European and Asian markets rallied.
Global oil prices dropped significantly as optimism grew for a US-Iran peace deal, potentially reopening the Strait of Hormuz and restoring Gulf oil exports. Brent crude fell below $84 a barrel, reaching its lowest since early March.
Oil prices dropped sharply Sunday after President Trump announced a "complete" deal with Iran and the "immediate toll-free reopening of the Strait of Hormuz." Brent crude fell 3.9% to $84/barrel, US crude 4.8% to $81. The waterway had been effectively closed since February.
Oil prices dropped sharply Monday after President Trump declared the Iran deal complete and announced the immediate, toll-free reopening of the Strait of Hormuz, easing fears of energy supply disruptions. Brent crude fell to $83.75 and WTI to $80.87.
Brent crude fell below $86/barrel, its lowest since March 10. Iran submitted a new draft proposal for a deal with the US via Qatar. Russia dismissed an IAEA report on blasts near the Zaporizhzhia Nuclear Power Plant as provocation. The US and Russia expressed hopes for constructive relations amidst ongoing conflict in Ukraine. Elon Musk reportedly became the world's first trillionaire.
Iran has announced the closure of the Strait of Hormuz to all traffic following new US strikes. The US Central Command disputes this, stating commercial vessels continue to transit. Brent crude oil prices surged by 1.9% amid the escalating tensions.
Global crude prices surged over 2% as Iran declared the Strait of Hormuz closed to all vessels following new US strikes. Brent crude hit $95.40 and WTI reached $92.63.
Australian share markets opened lower with the ASX 200 falling 0.76% to 8,620 points, dragged down by mining stocks following weaker iron ore prices. Key developments include rising multiple job-holding to 978,000 people, the RBA deputy governor speaking on the economic outlook, ASIC commencing a formal investigation into KPMG, and concerns over expiring fuel excise cuts that could raise petrol prices.
Asian nations are prioritizing fuel needs over security risks associated with Russian oil imports, driven by high energy prices and supply disruptions. India's imports have surged, and Indonesia plans to import significant volumes from Russia.
Oil prices dropped significantly on hopes of a US-Iran deal to reopen the Strait of Hormuz. However, analysts warn Asian economies may struggle to recover quickly from the energy shock due to backlogs and depleted inventories.
Oil prices drop 19% since April as tentative 60-day ceasefire between US and Iran nears, easing global economic chaos caused by the 90-day war, including the closure of the Strait of Hormuz.
Brent crude oil futures for July 2026 delivery fell below $97 per barrel on London's ICE exchange for the first time since May 11, 2026, with prices down 6.41% to $96.9 by 3:23 p.m. Moscow time. WTI futures also saw a significant drop.
Oil prices fell below $100 a barrel and stock markets rose amid hopes of a US-Iran peace deal, though analysts urge caution due to past failed talks. Inflation fears and expected interest rate hikes persist.
Bitcoin surged past $77,000 after a dip to $74,000. Meanwhile, Brent crude oil prices fell over 5% to $97 following positive statements from the US and Iran. Donald Trump indicated patience in negotiations, while Iran's President Pezeshkian denied nuclear weapon ambitions. US Secretary of State Marco Rubio suggested a deal could be signed soon.
Australia introduces a domestic gas reservation scheme requiring LNG exporters to reserve 20% for local users from 2027. Meanwhile, Kevin Warsh is sworn in as the new US Federal Reserve chair. China's economy shows persistent pressure, and Australian job mobility has declined.
Elizabeth Gaines is leaving Fortescue after 13 years, stepping down as executive director on June 30. Former Dutch Deputy PM Sigrid Kaag will join the board. Meanwhile, ASX 200 futures indicate a 0.7% drop.
The closure of the Strait of Hormuz until August could trigger a global recession comparable to the 2008 crisis, according to Bloomberg citing Rapidan Energy Group. Analysts predict significant oil price hikes and demand reduction, potentially exacerbating existing economic vulnerabilities.
Brent crude oil futures for July 2026 delivery fell below $103 per barrel on the ICE exchange in London, reaching $102.36 by 8:56 p.m. Moscow time. WTI crude oil futures also saw a decline.
Oil prices fell sharply Wednesday after President Trump announced Iran negotiations are in final stages. Brent crude futures dropped 5.97% to $104.64, and WTI futures fell 6.23% to $97.66. Despite potential progress, analysts warn of continued supply tightness.
