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WorldFrance241d ago

Oil prices surge above $100 a barrel for first time since May

Global oil prices have surged once again as tensions in the Middle East continue to escalate. Brent crude has climbed above $100 a barrel for the first time since May. While much of the focus has been on the strategic Strait of Hormuz, shipping through the Red Sea is also coming under growing t...

WorldFrance241d ago

Middle East: Oil surges as Gulf tensions escalate

Yemen’s Iran-backed Houthi rebels say they attacked two Saudi oil tankers in the Red Sea on Thursday, marking their first reported strike on a vessel since announcing a blockade of Saudi-linked shipping through the Bab el-Mandeb Strait earlier this week. The Houthis say the move is retaliation f...

PoliticsGrist1d ago

As climate lawsuits advance, the oil industry enters ‘panic mode’

Could the oil industry be held responsible for fueling the extreme heat that led to a woman’s death? That’s the question at the heart of a novel lawsuit in Washington state. Misti Leon’s mother died from overheating during the hottest day in state history in June 2021, when temperatures climbed...

FinanceBloomberg Markets1d ago

Asian Stocks Set to Fall as Oil Surges Past $100: Markets Wrap

Stocks in Asia were poised for declines after a sharp Wall Street selloff, while oil surged above $100 a barrel for the first time in two months as an escalating Middle East conflict stoked fears of renewed inflation.