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Oil prices fell over 3%, having already slid 9% on Monday

Oil slumps as Iran-Israel ceasefire goes into effect

Oil prices extended losses to hit a two-week low today after Israel agreed to US President Donald Trump's proposal for a ceasefire with Iran, alleviating worries over supply disruptions in the Middle East.

Business • 36 mins

The rise in prices came after US President Donald Trump said he had "obliterated" Iran's main nuclear sites in strikes over the weekend

Oil prices choppy as investors weigh supply risks

Oil prices oscillated today, touching a five-month high before erasing most gains as oil and gas transit continued on tankers from the Middle East after US airstrikes against Iran at the weekend.

Business • 21 hrs

The conflict entered its seventh day on Thursday.

Oil prices rise as Israel-Iran conflict enters 7th day

Oil prices rose today after Israel and Iran continued to exchange missile attacks overnight and US President Donald Trump's stance on the conflict kept investors on edge.

Business • 19 Jun

Iran is the third-largest producer among members of OPEC and there is widespread concern the fighting could affect exports from there

Oil up as Iran-Israel conflict keeps floor under prices

Oil prices rose today, with analysts saying that uncertainty would keep prices elevated, even as there were no concrete signs of any production losses stemming from the Iran-Israel conflict.

Business • 17 Jun

World oil prices settled 7% higher on Friday, having surged more than 13% during the session to their highest levels since January

Oil slips as Israel-Iran strikes spare key infrastructure

Oil prices edged down today, paring back Friday's 7% surge, as renewed military strikes by Israel and Iran over the weekend left oil production and export facilities unaffected.

Business • 16 Jun

The dollar sank to a three-year low yesterday

Irish prices 11% higher for US tourists as dollar falls

Oil prices have surged after Israel launched an attack on Iran's nuclear programme with financial markets anxious over retaliatory action.

Business • 13 Jun

The gains were the largest intraday moves for both contracts since 2022 after Russia invaded Ukraine, causing energy prices to spike

Oil soars after Israel's strike on Iran alarms market

Oil prices jumped almost 7% today to multi-month highs after Israel launched strikes against Iran, sparking Iranian retaliation and raising worries about a disruption in Middle East oil supplies.

Business • 13 Jun

Brent crude futures were down $1.31, or 1.9%, at $68.46 a barrel at 1202 GMT.

Oil prices ease from more than two-month peak

Oil prices edged lower today, as traders assessed whether the previous day's jump to the highest prices in more than two months had adequately priced in risks for crude oil supply from mounting tensions in the Middle East.

Business • 12 Jun

Brent and WTI oil prices were flat today after settling 0.5% higher on Friday

Oil steadies after Trump extends EU trade talks deadline

Oil prices steadied today after US President Donald Trump extended a deadline for trade talks with the European Union, easing concerns about US tariffs on the bloc that could hit fuel demand.

Business • 26 May

Despite the potential supply pressure, world oil prices are up over 1.5% this week

Oil heads for weekly gain but remains under hike pressure

Oil prices edged up today, heading for a second consecutive weekly gain on easing US-China trade tensions, although the optimism was somewhat offset by higher supply expectations from Iran and OPEC+.

Business • 16 May

World oil prices jumped about 4% today after the US and China said they would ease some of their tariff measures

Oil prices jump about 4% on US-China tariff reductions

Oil prices jumped by about 4% today after the US and China said they would ease some of their tariff measures, raising hopes of an end to the trade war between the world's two largest consumers of crude oil.

Business • 12 May

World oil prices are poised for a weekly gain of about 4%

Oil set for weekly gain ahead of US-China trade talks

Oil prices rose today, poised for a weekly gain as trade tensions between top oil consumers China and the US showed signs of easing and Britain announced a "breakthrough" US trade deal.

Business • 09 May

A merger of BP and Shell would create a giant valued at more than £200 billion

BP shares rise on rumour of bid by Shell

British oil group BP, which has lagged rivals in recent years, saw a boost to its share price today on rumours of a possible mega takeover by rival Shell.

Business • 06 May

Exxon Mobil is the largest US oil producer

Exxon beats Wall Street's first quarter profit estimate

Exxon Mobil has today beaten Wall Street's estimate for first-quarter profit as higher oil and gas production from Guyana and the Permian basin helped boost earnings.

Business • 02 May

World oil prices marked a week-on-week decrease of over 1% on Friday on concerns about the impact of tariffs on the global economy

Crude oil prices drop on demand fears

Crude oil prices fell more than $1 a barrel today as demand fears arising from the trade war between the United States and China were pressing down demand at the pump.

Business • 28 Apr

Brent crude futures fell 2 cents to $66.53 a barrel by 0814 GMT, falling 2.2% on the week.

Oil up but set for weekly fall under supply pressure

Oil prices were set for a weekly decline of nearly 2% on the back of oversupply concerns and uncertainty around tariff talks between the US and China.

Business • 25 Apr

Signs that the US and China could be moving closer to trade talks supported prices.

Oil prices recover some of previous day's losses

Oil prices recovered some losses today as investors weighed a potential OPEC+ output increase against conflicting tariff signals from the White House and US-Iran nuclear talks.

Business • 24 Apr

Brent crude futures hit their highest since April 4 at $68.65 a barrel but were down 68 cents

Oil prices down about 1% after Kazakhstan defiance

Oil prices lost about 1% today after Kazakhstan struck a defiant tone about its rising oil output, erasing earlier gains on the back of US sanctions against Iran, falling US crude stocks and President Donald Trump softening his tone on China.

Business • 23 Apr

World oil prices had dropped more than 2% yesterday

Oil prices stage recovery on new Iran sanctions

Oil prices rose more than $1 per barrel today as new US sanctions against Iran and rising equity markets helped spark a recovery rally from the prior session's steep selloff.

Business • 22 Apr

Global oil demand is expected to grow at its slowest rate for five years this year

Oil rises as US issues new sanctions

Oil prices rose more than $1 a barrel today on concerns about global supplies after Washington issued new sanctions targeting Chinese importers of Iranian oil.

Business • 16 Apr

The IEA has cut its forecasts for global oil demand growth to 730,000 barrels per day (bpd) this year from 1.03 million bpd, citing escalating trade tensions

Oil prices dip after IEA cuts demand growth outlook

Oil prices inched lower today after the International Energy Agency followed OPEC in slashing its oil demand forecast, though price falls were limited by US President Donald Trump's suggestion of some new tariff exemptions.

Business • 15 Apr

World oil prices have lost about $10 a barrel since the start of the month as a trade war between the world's two largest economies has intensified

Oil steady on tariff exemptions, rebound in China imports

Oil prices held steady today as exemptions for some electronics goods from US tariffs and data showing a sharp rebound in China's crude imports in March, were outweighed by concerns that the trade war could weaken global economic growth and dent fuel demand.

Business • 14 Apr

Brent and WTI are set to see weekly declines of 3.8% and 3.5%, respectively, having both lost about 11% last week

Oil prices set to drop for second week on trade war fears

Oil prices were heading for their second straight weekly fall today against a backdrop of investor concern over recession sparked by the burgeoning trade war between the United States and China.

Business • 11 Apr

Oil prices were down 2% today amid fears of a deepening US-China trade war

Oil retreats as US-China trade war escalates

Oil prices retreated 2% today as fears of a deepening US-China trade war and a possible recession eclipsed earlier relief created by President Donald Trump's announcement of a 90-day pause on some tariffs against most countries.

Business • 10 Apr

World oil prices fell again today to hit their lowest level since February 2021

Oil falls to lowest since February 2021 as tariffs hit

Oil prices fell for a fifth day to their lowest since February 2021 today on looming demand concerns fuelled by an escalating tariff war between the US and China, the world's two biggest economies, and a rising supply outlook.

Business • 09 Apr

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