Oil prices edged lower on Wednesday after posting gains for three straight sessions, as investors closely monitored the fragile ceasefire linked to the Iran conflict and awaited the outcome of a high-stakes meeting between US President Donald Trump and Chinese President Xi Jinping.As per Reuters, Brent crude futures fell 82 cents, or 0.76%, to $106.95 […]
Image used for representative purposes Russia and China on Tuesday vetoed a United Nations Security Council resolution aimed at reopening the Strait of Hormuz, dealing a blow to Gulf-backed efforts to restore navigation through one of the world’s most critical oil routes.The resolution, introduced by Bahrain, failed despite securing 11 votes in favour, with Pakistan […]
Russian President Vladimir Putin on Monday (local time) warned that the US-Israeli war on Iran has pushed global energy markets into crisis, saying oil flows linked to the Strait of Hormuz could face a complete halt in the coming weeks. He also said Russia remains open to restoring long-term energy cooperation with European nations if […]
