Energy news

The United States has further eased sanctions on oil from Russia in an attempt to bring energy prices down as strikes on Iran continue. The news is a huge boost to the Kremlin, just when it needed one.

The US has further eased sanctions on Russian oil in an attempt to bring soaring energy prices down. The news is a huge boost to the Kremlin, just when it needed one.

Iran's effective blockade of the Strait of Hormuz has pushed dozens of countries to tap their emergency oil stockpiles. But what exactly are strategic reserves, and who holds the world's biggest crisis-ready supplies?

Crude oil continues to rally on geopolitical risks after tanker attacks in the Strait of Hormuz, though extreme volatility means traders should stay bullish but cautious.

CAD/JPY continues to favor the upside, with oil strength supporting the Canadian dollar and 115.50 acting as key support for a move toward 118.

USD/CAD rallied as broader risk-off flows outweighed oil strength, keeping the pair in its familiar 1.35 to 1.3750 consolidation range.

Countries around the world are feeling the impact of the conflict and the resulting energy price shock.

Oil and gas shipments from the Gulf have slowed dramatically - what are the repercussions?

The conflict in the Middle East could raise the cost of petrol, household energy bills and even food.

Heavy Night of Combat in the Middle East; Trump Hints at Ending War But Emphasises No Premature End; Iran Hits Oil Targets in Gulf, Threatens Tech Companies, Mines Hormuz; US/Israel Strikes Continue to Degrade Iran Regime; Israel Launches Harsh Strikes Against Hezbollah in Beirut, Threatens Lebanese State; US CPI 2.4% as Expected

The EUR/USD exchange rate continued its strong downward trend this week. It dropped for three consecutive days, reaching a low of 1.1545, down from the year-to-date high of 1.2080.

Germany, Austria, Japan, Spain and France have all indicated plans to release some of their oil reserves, a day after the International Energy Agency was debating the pros and cons. The Iran war has driven prices up.

G7 Will Release Millions of Barrels of Oil; Stocks Higher, Crude Oil Lower; US/Iran Exchange Threats Over Hormuz; US Inflation Expected Unchanged

A shock to oil supplies is rattling financial markets, driving up prices at the pump and raising fears of a bigger economic hit.

The oil price spiked near $120 after strikes on Iran's energy sites and the shutdown of the Strait of Hormuz. With tankers stuck and Gulf oil facilities hit, producers are running short on storage to maintain production.

Surprise Remark Sends Stocks Higher, Crude Oil Firmly Lower; Unclear What Trump Really Means, Pentagon Talked of Weeks 2 Days Ago; Trump Issues Existential Threat to Counter Iran Threat on Hormuz

Less than a month after India agreed to stop buying Russian oil in exchange for a US trade deal, Washington says it can buy it again. The latest reports suggest it may loosen other sanctions against Moscow.

Less than a month after India agreed to stop buying Russian oil in exchange for a US trade deal, Washington says it can buy it again. The latest reports suggest it may loosen other sanctions against Moscow.

Crude Oil, Energies Continue to Rise Strongly as Iran Attacks Bahraini Oil Refinery; WTI Crude Oil Derivatives Spike to Implied $120 Before Falling; Stock Markets Drop Heavily; G7 to Discuss Release of Emergency Oil Reserves; Wheat Futures Make Long-Term High

The AUD/USD exchange rate rose slightly to 0.7030 on Monday as traders watched the ongoing war in Iran, soaring crude oil prices, and the upcoming consumer inflation report. It has jumped from this month's low of 0.6945.

The WTI crude oil price continued its strong rally last week as the impact of the ongoing war in Iran continues. It surged to a multi-year high of $92.66 on Friday, up by 67% from its lowest level this year.

Full-scale war over Iran in the Middle East has pushed energies to multi-year highs and helped strengthen safe havens such as the US Dollar and Gold.