Oil price forecasts are rising on concern that the conflict involving Iran could disrupt supplies for longer than markets initially expected. Analysts and traders are adjusting their outlooks upward as the risk of a prolonged disruption to Iranian oil flows stays elevated. Iran is a significant OPEC producer, and any sustained cut to its output or export routes would tighten global supply meaningfully. The concern is not just about current flows but about how long any disruption could last, which is harder to price than a short shock. A longer outage would leave less room for other producers to compensate, putting upward pressure on crude benchmarks. Markets are watching whether other OPEC members or strategic reserve releases could offset potential Iranian supply losses. For India, which imports a large share of its crude, higher sustained oil prices would widen the import bill, pressure the rupee, and raise fuel and transport costs across the economy.
Iranian armed forces attacked a cargo ship in the Strait of Hormuz on Thursday, briefly halting traffic through the waterway. The strike threatens a fragile US-Iran arrangement and could push shipping insurance costs and oil prices higher.
The US has struck Iran, with President Trump citing an Iranian attack on a ship in the Strait of Hormuz as justification. The action raises immediate risks for global oil flows through one of the world's most critical shipping chokepoints.
The US struck ten Iranian targets on the second consecutive day of military action, putting a fragile ceasefire under serious pressure. The escalation raises immediate risks for Gulf shipping, global oil supply, and regional stability.
Venezuela's twin earthquakes, magnitudes 7.2 and 7.5, have killed at least 164 people and injured 971, interim president Delcy Rodriguez confirmed Thursday. The quakes are the country's strongest since 1900, collapsing buildings across Caracas and prompting a state of emergency, with the death toll expected to rise as
