The Latest Breaking News from Brent

Fears of a major oil supply shock are mounting as tensions escalate in the Strait of Hormuz, a vital artery for nearly 20% of global crude shipments, with Wall Street racing to assess the potential price impact after the U.S. struck Iran over the weekend.

U.S. oil prices climbed 1.1% to $73.79 per barrel, and Brent crude rose 1% to $74.94.

‘We are out of road for its activities in Brent’, council says

Other lives: Brent youth leader and driving force behind Bridge Park, one of the largest black community projects in Europe

He was fined five years ago after council officers found dozens of people crammed into an unsafe four-bedroom home

OPEC, the international oil cartel, meets twice yearly in a formal gathering in Vienna, Austria. The members convene to debate and decide on petroleum production policy for the coming months to balance supply and demand at a price that delivers the most attractive return for oil-producing countries and traditional energy…

OPEC, the international oil cartel, meets twice yearly in a formal gathering in Vienna, Austria. The members convene to debate and decide on petroleum production policy for the coming months to balance supply and demand at a price that delivers the most attractive return for oil-producing countries and traditional energy…

Comments from US come after missiles reported in Moldovan and Romanian airspace

Crude oil prices are engaged in a tussle between fears of a recession-led demand decline and ongoing supply tightness, with risks to demand currently edging ahead.