Business
Surging Oil Prices Skyrocket Airline Fuel Costs, Threatening Passenger Ticket Prices.
May 12, 2026 at 9:34 PM
As global oil prices remain above $100 per barrel due to the conflict in Iran and the closure of the Strait of Hormuz, airlines are facing a severe crisis. With fuel costs nearly doubling, carriers are passing these expenses to travelers, leading to significant increases in airfares.
Economy
Global Oil Markets Tumble as Potential U.S.-Iran De-escalation Emerges.
May 6, 2026 at 11:36 AM
International oil prices experienced a sharp decline as Brent crude fell below $100 per barrel following reports of potential diplomatic progress between the U.S. and Iran regarding the Strait of Hormuz.
International News
Global Oil Markets Ease as Iran Reopens Vital Strait of Hormuz During Ceasefire.
April 17, 2026 at 3:51 PM
Global oil prices dropped significantly after Iran announced the reopening of the strategic Strait of Hormuz to commercial shipping for the duration of the ongoing ceasefire.















