US-Iran conflict drives Hormuz disruption and oil-price spike
Global energy markets are reacting to a sharp escalation in the conflict between the United States and Iran, with the Brent crude benchmark rising 23% over the past two weeks and moving back within reach of $90 a barrel. The supplied material says the fighting has now been running for 10 days around the Strait of Hormuz, a vital shipping route for oil and gas exports. It also says Houthi forces have announced a naval blockade on Saudi Arabia, adding to concerns over alternative export routes through the Red Sea and Bab al-Mandeb.The latest market move has already fed through... [Continue Reading]
360LiveNews | 21 Jul 2026 16:29 LONDON
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US-Iran tensions push petrol and oil prices higher as Strait of Hormuz traffic thins
Average petrol prices in the United States have risen to $4.00 per gallon, marking a second straight week of increases as renewed tensions between the United States and Iran ripple through energy markets. Benchmark crude prices also moved higher before easing, with Brent reaching $91.42 and West Texas Intermediate touching $85.39 before retreating. The price moves come as concerns grow over tanker traffic through the Strait of Hormuz, one of the world's most important oil shipping routes.The latest market reaction follows the breakdown of the US-Iran ceasefire, according to the supplied material, and comes alongside threats affecting shipping in the... [Continue Reading]
360LiveNews | 20 Jul 2026 19:03 LONDON
Europe closes mixed as oil spikes, autos slide and sterling firms on a softer dollar
Executive summary: European markets ended the session mixed, with the FTSE 100 edging higher while the DAX fell about 1% and the CAC 40 and Euro Stoxx 50 also finished lower. Brent crude jumped more than 3.7%, global autos dropped sharply, and gold eased, while sterling gained against the dollar and the euro firmed modestly. The move set points to renewed energy-price pressure, weaker sentiment in cyclical shares, and a market still balancing geopolitical risk against rate expectations. [Continue Reading]
360LiveNews Markets Intelligence | 20 Jul 2026 16:45 LONDON
Wall Street Opens Mixed as Oil Jumps, Chips Slip and Bitcoin Extends Rebound
Executive summary: US markets opened with a split tone, as higher crude oil, firmer energy shares and a rebound in Bitcoin contrasted with weakness in AI and chip stocks, autos and several metals. The S&P 500 was little changed, while the Dow and Nasdaq slipped and small caps edged higher, suggesting investors are rotating rather than taking a broad risk-off stance. [Continue Reading]
360LiveNews Markets Intelligence | 20 Jul 2026 14:45 LONDON
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Noontime News Recap: Ukraine widens drone war as US Iran strikes fuel oil shock and regional tensions rise
Ukraine launched more than 400 drones toward Moscow overnight, in one of the largest reported attacks on the Russian capital since the start of the war, as the conflict widened beyond the Black Sea and into the Russian heartland. 🔗The United States completed a ninth consecutive night of strikes on Iran, while Tehran said the Darkhovin nuclear plant under construction in the southwest had been hit, raising the risk of a broader confrontation. 🔗That escalation in the Middle East pushed oil prices higher and deepened concern over global fuel supplies after traffic through the Strait of Hormuz ground to a... [Continue Reading]
360LiveNews Recap | 20 Jul 2026 12:20 LONDON
Europe Opens Mixed as Brent Surges Above $90, Autos Slide and Gold Softens
Executive summary: European markets opened with a clear risk split, energy-linked assets gained on a sharp Brent move above $90, while autos and several industrial metals came under pressure. The FTSE 100 outperformed, helped by its energy and defensive tilt, while the DAX and Euro Stoxx 50 slipped. FX moves were modest but supportive for sterling and the euro against the dollar. [Continue Reading]
360LiveNews Markets Intelligence | 20 Jul 2026 08:15 LONDON
IMF warns oil buffers are running low after Hormuz disruption
The International Monetary Fund has warned that depleted oil reserves have left the global economy more exposed after the latest disruption to the Strait of Hormuz. The warning comes as oil prices have risen by more than 10% following the most recent closure of the waterway. The IMF said the world was spared a more severe shock because of large reserves, but that those buffers are now running low.In a note cited in the supplied material, the fund said lower oil consumption in Asia and higher production outside the Gulf helped absorb part of the price shock. It said global... [Continue Reading]
360LiveNews | 15 Jul 2026 11:59 LONDON
Oil prices rise again as US reimposes naval blockade on Iranian ports
Oil prices rose again after the United States reimposed a naval blockade on Iranian ports, adding to pressure on energy markets and shipping routes in the Gulf. The move also came after Donald Trump abandoned plans to charge ships a 20% protection fee for crossing the Strait of Hormuz. The Strait is one of the world's most important maritime chokepoints, so any change in access or security there can quickly affect trade and prices.The latest market reaction followed a jump of more than 10% in crude prices the previous day, with Brent futures later trading higher again. By 7:55am AEST,... [Continue Reading]
360LiveNews | 14 Jul 2026 23:29 LONDON
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