oil price jump

Business

Crude Reality: Oil Nears $117 as Extended Iran Blockade Sends Shockwaves Through Global Markets

Energy markets are on edge after Brent crude surged toward $117 per barrel following reports of an extended blockade by Iran. The escalating tensions in one of the world’s most vital shipping lanes po...

Apr 29, 2026 5 min read

Business

Markets Defy Logic? Why Oil Prices Rose Despite a Historic Reserve Release

In a bold attempt to cool the global energy market, the US and its allies announced a record-shattering release of oil reserves. Yet, instead of cooling down, crude prices took an unexpected leap, sig...

Mar 12, 2026 5 min read