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The Latest Breaking News from Tim Waterer

Oil prices rise as Saudi pipeline outage, fresh attacks raise supply concerns

Oil prices increased as attacks on Saudi energy infrastructure persisted. The kingdom's East-West pipeline remains offline, impacting global oil supply. Houthi forces launched fresh attacks, fueling fears of wider Middle East conflict. Commodity vessel traffic through the Strait of Hormuz has also dropped significantly. Saudi Arabia could exhaust export oil…

The Economic Times

Oil Price Today (September 11): Crude oil soars 13% this week, set to close week above $100 after 4 months. What are experts saying?

Oil prices have surged towards $100 a barrel due to rising tensions in the Middle East, where recent attacks have threatened shipping routes. The seizure of a Yemeni port by Iran-aligned Houthis raises concerns about Red Sea traffic and the critical Strait of Hormuz. Analysts warn that if threats escalate,…

The Economic Times

Oil Price Today (September 10): Crude oil at $101 as Iran attack on 10 ships raises supply fears. $120 in sight?

On Thursday, oil prices surged above one hundred dollars per barrel as traders evaluated the risks associated with supply disruptions stemming from recent shipping attacks. Iran has claimed responsibility for targeting ten vessels after the United States destroyed five tankers. Market analysts warn that if tensions continue in the contested…

The Economic Times

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Oil’s $100 nightmare is back as worst-case scenario is taking shape

Houthi attacks on Saudi energy facilities have disrupted oil operations. These strikes also pressure the Bab al-Mandeb chokepoint, impacting oil flows. The Strait of Hormuz remains impaired, creating a dual threat to global supply. This situation makes significantly lower oil prices before late 2026 increasingly unlikely. Oil prices may potentially…

The Economic Times

Oil steadies near one-week highs as US-Iran peace deal hopes dim

Oil prices maintained their position on Tuesday as hopes for a US-Iran deal faded, hampered by President Trump's stringent demands that are complicating operations in the Strait of Hormuz. The restart of Saudi Aramco's Jazan refinery has been pushed back due to recent Houthi assaults, leading to constrained energy flows…

The Economic Times

Brent crude tops $80 per barrel as Hormuz talks, tanker attacks keep supply risks high

Oil prices climbed as investors tracked Iran-Oman shipping talks and fresh attacks on Saudi oil tankers, raising supply concerns. Brent topped $80 a barrel while traders remained cautious over Strait of Hormuz developments and persistent geopolitical risks affecting global energy markets.

The Economic Times

Oil ticks up after selloff as talks to end US-Iran war remain uncertain

Oil prices saw a slight rebound on Tuesday after earlier declines. Concerns over Middle Eastern supply remain high due to U.S.-Iran tensions. Diplomatic resolution to the conflict appears unlikely at this time. Shipments through the Strait of Hormuz continue to face risks. Market analysts note the fragility of current price…

The Economic Times

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Iran-US war latest: Vance says US in ‘great position’ even if talks fail in Qatar

Jared Kushner and Steve Witkoff will discuss the state of negotiations with mediators

The Independent UK

Oil falls as investors focus on potential Iran-US talks in Doha

Oil prices dipped as markets keenly watched potential U.S.-Iran talks in Doha, following recent missile exchanges that tested a fragile ceasefire. While investors express cautious optimism for de-escalation and a return to normal shipping through the Strait of Hormuz, uncertainty lingers. Middle Eastern producers are actively loading oil and LNG,…

The Economic Times

Brent crude hits lowest since before start of Mideast war as more tankers exit Hormuz

Global oil prices plunged Wednesday, hitting multi-month lows as supply worries eased with tankers clearing the Strait of Hormuz. An interim deal with Iran is unlocking stored crude, potentially boosting sales significantly. While U.S. inventories remain tight, rising fuel stockpiles and a forecast cut by J.P. Morgan also contributed to…

The Economic Times

Global markets | Australian shares rise modestly as sticky core inflation keeps rate hike bets alive

Australian shares edged higher on Wednesday, a cautious advance following inflation data. While headline inflation eased, core inflation ticked up, keeping the door open for potential interest rate hikes. Technology stocks saw a significant rebound, with bargain hunters stepping in. Financial and health sectors also provided support, though mining and…

The Economic Times

Oil gains after selloff, awaits progress on Strait of Hormuz flows

Oil prices saw a slight rebound Tuesday, recovering from Monday's sharp decline. This uptick follows tempered optimism surrounding U.S.-Iran peace talks and a potential easing of tensions in the Strait of Hormuz. Investors are cautiously awaiting concrete signs of restored crude flow through the vital waterway, with market skepticism remaining…

The Economic Times

Oil steadies as uncertainty over US-Iran talks keeps markets on edge

Oil prices held steady Tuesday amid uncertainty surrounding U.S.-Iran ceasefire talks and the potential reopening of the Strait of Hormuz. Brent crude futures edged up, while WTI saw a slight dip. Market analysts emphasize that ongoing negotiations and Iran's threats regarding the Strait will dictate oil price volatility.

The Economic Times

Why is the price of gold hitting record highs?

The price of gold has soared as investors seek out safe havens amid heightened economic uncertainty.

Al Jazeera

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AAP

Australian shares rebound again to close up slightly

The local share market was down as much as 0.65 per cent in early trading but just as it did on Friday, staged an afternoon comeback to close slightly higher.

AAP

Aussie shares on track for third straight day of losses

The Australian share market has dropped 0.46 per cent ahead of the US Federal Reserve meeting and following hotter-than-expected Canadian inflation data.

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