Business
Military Escalation in the Gulf: Global Oil Markets React as US Strikes Iranian Targets.
17 hours ago
Brent crude prices surged by over 2% following targeted US military strikes in southern Iran. The escalation comes at a sensitive time as diplomatic efforts in Qatar face delays, leaving the global energy market on edge regarding the stability of the Strait of Hormuz.
Economy
Surging Oil Prices Drive Russia's Revenue Recovery Amid Middle East Instability.
May 14, 2026 at 2:21 PM
Russia experiences a notable spike in oil and gas revenue following a rise in global oil prices to $100 per barrel, though state compensation mechanisms continue to limit the final fiscal impact.
Finance
Asian Markets Retreat as Middle East Tensions Spike and Oil Prices Climb.
April 23, 2026 at 7:42 AM
Asian stock markets pulled back from record highs as reports of U.S. interceptions of Iranian tankers and continued geopolitical friction in the Strait of Hormuz sparked investor concern and drove oil prices above $100 per barrel.













