August 3, 2025

Oil Prices

General Petrol

Oil Prices Hit Two-Week High as Houthi Attacks Disrupt Red Sea Shipping

July 9, 2025  Global oil prices surged to their highest level in two weeks on Tuesday following renewed Houthi assaults on commercial vessels navigating the Red Sea, heightening fears of major disruptions to global supply routes. According to Reuters, the sharp price rally was triggered by an attack on the Eternity C, a Greek-operated, Liberian-flagged

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General Petrol

Oil Prices Dip as Trump Postpones Decision on Potential U.S. Involvement in Iran-Israel Conflict

Global crude oil markets witnessed fresh losses on Friday following an announcement by former U.S. President Donald Trump, who revealed that a final decision on whether America would militarily support Israel in its ongoing conflict with Iran would be made within the next two weeks. The uncertainty surrounding U.S. involvement has injected a fresh wave

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