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Iraq Bulletin

Tag : Strait of Hormuz

News

UAE and French presidents discuss strategic cooperation

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– UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and French President Emmanuel Macron discussed ways to broaden strategic ties between the two countries during talks in Abu Dhabi on October 19. The meeting took place during Macron’s...
Business

Oil prices hit $110 a barrel on Middle East supply fears

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– Oil prices climbed sharply on Friday, with Brent crude touching $110 a barrel for the first time since May. Worries that escalating Middle East tensions could further tighten supplies drove the rally. Brent for December delivery settled up $3.94,...
Business

Oil prices rebound after Brent slides below $93

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Oil prices recovered modestly on Tuesday after Brent crude and WTI fell more than 2% in the previous session. Brent futures rose 27 cents, or 0.3%, to $92.44 a barrel by 0330 GMT. U.S. West Texas Intermediate gained 37 cents,...
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...
News

Trump cancels Iran strikes pending rapid nuclear deal

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WASHINGTON, D.C. / RankWire.AI / - President Donald Trump said the United States would cancel a planned attack on Iran if negotiators reached a rapid agreement. He said the proposed deal must reopen the Strait of Hormuz and address Iran’s...
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

Gold falls below $4,000 after oil prices jump

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Gold dropped about 3% on Monday, July 13, falling below $4,000 an ounce as oil prices surged and expectations for higher U.S. interest rates strengthened. Spot gold fell to $3,996.76 per ounce, its lowest level in two weeks. U.S. gold...
Business

Brent crude rises to $74.16 as oil prices climb

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Oil prices settled higher Tuesday, with Brent crude futures rising 3.01% to $74.16 a barrel. U.S. West Texas Intermediate crude gained 2.76% to $70.44 a barrel. Brent added $2.17 for the session. WTI rose $1.89. Trading later extended gains after...
News

UAE President and Sisi discuss ties and region in Cairo

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UAE President Sheikh Mohamed bin Zayed Al Nahyan met Egyptian President Abdel Fattah El-Sisi in Cairo during a fraternal visit focused on UAE-Egypt relations and regional developments. The talks covered cooperation across several sectors, with emphasis on development fields. Both...
News

UN envoy cites regional push to end Middle East conflict

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UN envoy Jean Arnault said regional agreement is emerging around a quick end to the Middle East conflict. He also cited the need to restore trust and support a lasting settlement. Arnault serves as the Personal Envoy of the UN Secretary-General...