Oil Prices Drop 5.5% as Strike Pause Eases Gulf Tensions
Brent crude and WTI both fell sharply in Asian trading as two nights without US military action against Iran raised hopes for diplomatic engagement.
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Brent crude and WTI both fell sharply in Asian trading as two nights without US military action against Iran raised hopes for diplomatic engagement.

Multiple tankers and cargo vessels reversed course in the Red Sea within 24 hours after Yemen-based forces declared a naval blockade, compounding the kingdom's export challenges

Manila accelerates generation pipeline as Visayas grid strains under yellow and red alerts, pushing average rates to P12.43 per kilowatt-hour

Beijing has asked Moscow to halt discussion of the Power of Siberia 2 project as the two sides remain far apart on commercial terms

U.S. president's announcement of new fee on cargo through critical Middle East waterway sends crude prices surging

Energy vessels increasingly navigate the southern channel of the critical shipping chokepoint, signaling fresh tension in the Gulf's busiest trade corridor.

The producer alliance pushes forward with supply increases despite ongoing disruptions from the Iran conflict, as Brent crude slides back to pre-war levels near $72 per barrel.