oil prices
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ASX 200 Surges as Investors Weigh Deadline Amid Oil Price Spike
The ASX 200 rallied on its first day back from the Easter break, driven by short covering and strong tech gains, even as geopolitical tensions and rising energy costs loom.
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Oman and Iran Draft Protocol to Monitor Strait of Hormuz
Oman and Iran are drafting a new protocol to manage maritime transit through the Strait of Hormuz, a move aimed at stabilizing the vital energy artery amid the ongoing regional conflict.
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Brent Crude Surges Past $108 as Iran Conflict Deepens
Brent crude prices jumped over 7% to exceed $108 per barrel on Thursday following President Trump’s warning of further military action against Iran, overriding earlier hopes for a ceasefire.
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US Gas Prices Top $4 Per Gallon Amid Iran Conflict
Average gas prices in the U.S. have reached $4 per gallon, a three-year high, as Middle East unrest continues to disrupt global oil markets.
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Oil Hits $100 as Tanker Attack Deepens Hormuz Crisis
West Texas Intermediate futures surged above $100 a barrel for the first time since 2022 as a drone strike on a Kuwaiti supertanker intensifies fears of a prolonged energy blockade.
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US Debates Seizing Iran’s Kharg Island as War Escalates
President Donald Trump has openly floated the possibility of occupying Kharg Island, Iran’s primary oil export hub, marking a significant shift from tactical airstrikes to potential territorial seizure.
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Indian Markets Slide as Middle East Escalation Hits Oil Prices
Sensex dropped over 1,100 points and Nifty 50 dipped below 22,500 as Brent crude surged to $116 following Houthi involvement in the regional conflict.
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Strait of Hormuz Blockade Tightens as Iran Imposes ‘Toll’ System
Iran has rejected U.S. peace overtures, forcing commercial vessels to pay transit fees while setting a high-stakes April 6 deadline for U.S. military intervention.
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Dow Drops 400 Points as $108 Oil Fuels Market Panic
U.S. stock markets tumbled Friday as geopolitical tensions at the Strait of Hormuz pushed oil prices above $108 per barrel, triggering investor alarm.
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Gold prices climb 2% as oil drops and US-Iran talks resume
Gold surged over 2% to $4,582 per ounce on March 25, 2026, as falling oil prices eased inflation fears. US-Iran talks added cautious optimism.
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Marcos Declares Energy Emergency as Fuel Stocks Hit 45-Day Limit
President Ferdinand Marcos Jr. has declared a national energy emergency in the Philippines, granting the government sweeping procurement powers as fuel stocks dwindle to 45 days amid the Strait of Hormuz closure.
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Nikkei 225 Surges 2.87% as Middle East De-escalation Signals Emerge
Japan’s Nikkei 225 index rallied 2.87% on Wednesday as investors responded to U.S. President Donald Trump’s comments regarding potential negotiations with Iran, easing fears over energy supply chains.
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Brent Crude Slides as Trump Signals Iran Negotiations
Brent crude prices dropped 5% on March 25, 2026, as markets reacted to reports of potential peace talks between the US and Iran and new transit assurances for the Strait of Hormuz.
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SARB Faces Pressure as Middle East Conflict Clouds Rate Outlook
Geopolitical tensions in the Middle East have introduced uncertainty, prompting SARB to delay rate cuts despite a drop in domestic inflation to 3.0%.
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United Airlines Warns of 20% Airfare Surge on Oil Prices
United Airlines has issued a warning that airfares could increase by as much as 20% due to escalating oil prices, impacting travel costs.