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Iraq Bulletin

Tag : energy markets

Featured News

Hormuz Crisis Puts Global Energy Security in Focus as Sechin Points to Alternative Supply Routes

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Rosneft CEO Igor Sechin says disruption risks around the Persian Gulf are increasing the importance of strategic reserves, diversified energy supplies and alternative transport corridors, while reshaping the role of Russia-China cooperation in global energy markets....
Business

Oil prices swing after Brent tops $90 on supply strains

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Oil prices surged on July 29, pushing Brent crude above $90 a barrel as renewed Middle East fighting and tighter U.S. inventories lifted global benchmarks. Brent futures settled at $90.74, up $6.65, or 7.9%. West Texas Intermediate gained $5.20, or...
Business

Brent crude jumps 9.6% to $83.30 amid Hormuz risks

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Oil prices surged nearly 10% on Monday as renewed U.S.-Iran conflict focused attention on the Strait of Hormuz. Brent crude futures for September delivery gained $7.29, or 9.6%, to settle at $83.30 a barrel. U.S. West Texas Intermediate crude rose...
Business

GME posts strongest trading week in two decades

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Gulf Mercantile Exchange recorded the highest weekly trading volume in its history during the week of May 11, 2026, with more than 69,052 contracts traded, equal to about 69 million barrels of Oman crude oil, according to information released by...
News

Bahrain and UK review regional tensions and economic risks

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MANAMA: Bahrain and the United Kingdom said after meetings in Manama that they had reviewed regional and international developments, with both sides emphasizing the security and economic fallout from the current crisis and the need to support stability. King Hamad bin Isa...
Featured News

Crude extends gains amid OPEC+ uncertainty and weaker U.S. dollar

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Oil prices continued their upward trend, settling above $72 per barrel amid ongoing supply uncertainty and a weak dollar, which made dollar-denominated commodities more attractive to investors. The rise marked the third consecutive session of gains as concerns over potential supply...