Oil prices rise as U.S.-Iran peace deal prospects fizzle
Oil prices rose on Sunday after prospects for a U.S.-Iran peace deal failed to materialise, while stock futures edged lower in response.The move came after the two sides did not reach an agreement, prompting an immediate reaction in markets.The supplied report does not give further details on the talks or the size of the price changes.The market response matters because any shift in U.S.-Iran diplomacy can affect expectations around energy supply and broader investor sentiment.In this case, traders appeared to treat the stalled talks as a fresh geopolitical risk.The incident is being watched closely because oil prices and stock futures... [Continue Reading]
360LiveNews | 10 May 2026 23:59 LONDON
India military explores green energy options as Iran war drives oil-price shock
India's army is exploring alternative energy sources for cooking, vehicles and installations as the Iran war continues to disrupt oil and gas supplies and push up prices.According to the supplied report, the army plans to use biogas stoves in place of natural gas-fired appliances for cooking.It is also looking at green fuels for vehicles and solar and wind power for military installations.The move comes as Brent crude traded at US$98.31 a barrel in Asian trading on Thursday evening, down from a brief four-year high of US$126.41 on 30 April.The report said oil had been trading at about US$70 before the... [Continue Reading]
360LiveNews | 07 May 2026 13:00 LONDON
Shell profits rise as Iran war pushes oil prices higher
Shell has reported a sharp rise in first-quarter profits after oil prices climbed following the start of the Iran war.The company said profits for the first three months of the year reached $6.92bn, up from $5.58bn a year earlier and above analysts' expectations.The increase came as the price of oil rose sharply after the conflict began and the Strait of Hormuz was effectively closed.The route usually carries about 20% of global oil and liquefied natural gas supplies.Shell said its oil and gas output fell by 4% compared with the final three months of last year because of the conflict, which... [Continue Reading]
360LiveNews | 07 May 2026 08:00 LONDON
