Inflation set to top 4% for first time in three years on Iran war price shock

Inflation, as measured by the Consumer Price Index, is expected to run above 4% for the first time in three years because of the Iran war’s oil price shock.

Oil prices jump after US-Iran talks collapse, erasing recent declines

The price of oil rose sharply after Iran reportedly cut off talks with the United States to the war. Crude oil jumped to levels not seen since mid-May.

India remains Russia's No. 2 oil buyer, imports jump 21% in May

Crude oil accounted for about 83% of India's imports from Russia during the month, valued at €4.8 billion. Oil products and coal imports were valued at €550 million and €429 million, respectively

US stocks jump to their best day in 2 months on hopes for a deal to get crude flowing globally again

U.S. stocks rallied to their best day in two months, and oil prices fell after President Donald Trump called off his threat to bomb Iran in the evening.

Oil Prices Jump as Middle East Tensions Build

Some analysts said the main international oil price, which was up 6 percent on Monday, could climb much higher in the coming weeks if the Strait of Hormuz doesn’t reopen.

Oil prices jump after US and Iran exchange strikes; Exxon exec warns inventories could reach ‘unheard of’ lows

Oil markets jolted higher Monday after Iran threatened to shut the Strait of Hormuz amid escalating tensions in the Middle East. West Texas Intermediate crude surged 7% to about $94 a barrel and Brent climbed 6% to roughly $97,
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Oil Prices Jump After U.S. Strikes Iran Over Downed Apache

Oil prices rose after U.S. strikes on Iranian military targets revived fears of escalation near the Strait of Hormuz.

World shares surge and oil prices slip over 4% after Trump claims a breakthrough in Iran war talks

World shares have advanced in the wake of big Wall Street gains, while oil prices tumbled more than 4% after U.S. President Donald Trump claimed there was a breakthrough in talks on ending the Iran wa