Brent crude climbs above $111 a barrel as fears grow that US-Iran negotiations may collapse before President Trump’s Wednesday deadline, threatening further disruption to global energy supplies. Read more: Oil price surges past $111 as Strait of Hormuz deadline looms
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The International Energy Agency is considering the largest release of emergency oil reserves in its history as markets reel from supply disruptions linked to the war with Iran. The post IEA considers largest oil reserve release in history — here’s what it means appeared first on Gulf Business.
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The US and Iran held indirect talks in Geneva on Thursday after President Donald Trump ordered a military build-up in the region The post Oil prices rise as US and Iran extend talks into next week appeared first on Gulf Business.
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