crude prices
Coverage of crude prices in the Nexus archive.
- US launches new wave of Iran strikes after attacks on tankers
The US launched new strikes on Iran following attacks on tankers, and the Trump administration revoked a license allowing Iran’s oil sales, causing crude prices to rise.
- OPEC+ Keeps Pumping More, and Latin America Feels It
OPEC+ agreed to increase oil output in August as the Strait of Hormuz reopens, leading to lower crude prices in Latin America.
- India benefits from lack of AI stocks
India's stock market is outperforming due to its lack of major AI companies, which has positioned it as a safe haven for investors amid global tech stock volatility. Lower crude prices, driven by increased oil tanker traffic through the Strait of Hormuz, have boosted optimism about India's corporate earnings and macroeconomic outlook.
- OPEC+ raises output levels again despite tumbling crude prices
OPEC+ agreed to modestly increase crude production, but the move remains symbolic until a U.S.-Iran peace deal is reached and the Strait of Hormuz reopens. The hike is not expected to significantly impact global supply amid falling crude prices.
- Angola’s Oil Export Revenue Falls 22% to $24.4 Billion in 2025
Angola's oil export revenue decreased by 22% to $24.4 billion in 2025 due to weakened crude prices. The decline highlights the need for diversification in Africa's second-largest oil producer.
- China is helping to cushion global oil prices below $100 — but analysts warn it won’t last
China's reduced oil imports since the Iran war began have helped keep global crude prices below $100, though analysts caution this may not be sustainable.
- Tel Aviv shares drop, shekel recedes against dollar as fighting with Iran resumes
Tel Aviv shares dropped and the shekel weakened against the dollar as renewed fighting with Iran caused crude prices to rise over 4%, exacerbating declines in European and Asian markets. Financial and insurance indices led the losses on the Tel Aviv Stock Exchange.
- Singapore’s economy grows on back of AI boom, defying Iran war slowdown
Singapore’s economy expanded 1% in Q1 2024, driven by the global AI boom boosting manufacturing and services, despite higher crude prices. This growth exceeded the government’s 0.3% contraction forecast and outperformed median expectations.
- Oil Advances as US Blockade of Hormuz Escalates Energy Crisis
The article highlights the escalating energy crisis caused by the US blockade of the Strait of Hormuz, leading to severe supply disruptions and surging crude oil prices. The situation worsens as the Iran war continues, disrupting global oil markets and impacting refineries like Valero Houston Refinery.
- Oil prices plunge and shares jump on US-Iran ceasefire plan
Oil prices dropped significantly by up to 15% due to a conditional pause in conflict between the US and Iran, while shares increased.