The escalating geopolitical tension in the Middle East, sparked by Hamas’ assault on Israel and subsequent retaliatory strikes against Gaza, has led to a surge in international oil prices. prices rose by over $3 a barrel during Asian trading hours on Monday, reaching around $87 a barrel at 06:23 GMT.…

Investing.com — Oil prices climbed sharply Monday as the escalating violence in the Middle East raised concerns about the security of future crude supply. By 04:45 ET (08.45 GMT), the futures traded 3.1% higher at $85.33 a barrel, while the contract climbed 2.8% to $86.92 a barrel. Regional conflict escalation…

LONDON (Reuters) -Oil surged, along with European defence stocks, while airline shares plunged after Israel pounded the Palestinian enclave of Gaza in retaliation for one of the bloodiest attacks in its history, unleashing fears of a wider Middle East conflict. Fighters from Islamist group Hamas killed 700 Israelis and abducted dozens more…

Uzbekistan’s Energy Minister, Zhurabek Mirzamakhmudov, announced that the country has commenced negotiations with Gazprom (MOEX: MCX:), a leading Russian energy company, for medium and long-term gas supply contracts. The announcement was made during an official visit to Russia by Uzbekistan’s President Shavkat Mirziyoyev, which was confirmed in a broadcast on…

By Natalie Grover LONDON (Reuters) – Oil prices surged more than 2% on Monday as military clashes between Israel and the Palestinian Islamist group Hamas ignited fears of a wider conflict in the Middle East. was up $2.28, or 2.7%, to $86.86 a barrel by 0859 GMT, while U.S. West…

By Laura Sanicola (Reuters) – U.S. gasoline prices are heading south and may hit $3 a gallon in many places in coming weeks with futures down $10 a barrel over economic fears and eroding demand. The drop in gasoline prices could benefit consumers and cool inflation. But it also may…

(Reuters) – Leaders of the European Union and the U.S. are seeking to announce an interim agreement at an Oct. 20 summit on steel and aluminium trade that would avert the re-imposition of Trump-era tariffs on transatlantic commerce, Bloomberg News reported on Friday. White House and European Commission officials are…

The National Electric Power Regulatory Authority (NEPRA) has approved a tariff increase of ₹1.7141 per unit for ex-Wapda Distribution Companies (XWDiscos), following a petition from the Central Power Purchasing Agency Guarantee (CPPA-G). This adjustment will add an estimated ₹31 billion to consumer bills in October, according to information released on…

CANBERRA (Reuters) -Australia’s weather bureau said on Friday that areas of severe rainfall deficiency had expanded after the driest September on record, putting farm production in one of the world’s largest agricultural exporters at risk. Australia is in the grip of an El Nino weather phenomenon that typically brings hotter,…

The Reserve Bank of India (RBI) has raised the gold loan limit under the bullet repayment scheme to ₹4 lakh ($5,352) for urban cooperative banks that have consistently met their Priority Sector Lending (PSL) targets. The announcement was made on Friday by RBI Governor Shaktikanta Das, who highlighted this move…