oil prices 2026 News
Latest articles and news about oil prices 2026 on AXL Media.
Latest Articles
- US Naval Blockade of Iran Triggers Global Energy Crisis as Crude Surpasses $126
Published: May 1, 2026
Section: Politics
President Trump has confirmed the U.S. Navy will maintain its blockade of Iranian ports indefinitely, leading to a historic surge in oil prices and a catastrophic collapse of the I...
- Geopolitical Friction and Stagflation Risks Anchor Markets as Fed Nominee Kevin Warsh Faces Senate Confirmation Scrutiny
Published: Apr 21, 2026
Section: Markets
Global equity benchmarks remained under pressure on Tuesday, April 21, as the Nasdaq snapped a historic 13-session winning streak amid escalating Middle Eastern maritime conflict....
- Global Oil Prices Slump to $96 Despite Major Saudi Infrastructure Damage and Hormuz Blockade
Published: Apr 10, 2026
Section: Oil
Crude oil is on track for its steepest weekly decline since July 2025, with ICE Brent falling toward $96 per barrel despite confirmed reports of significant damage to Saudi Arabian...
- Global energy crisis intensifies as Strait of Hormuz blockade enters 35th day; Nigeria finds resilience through Dangote Refinery
Published: Apr 6, 2026
Section: Africa
The ongoing war in Iran has triggered a worldwide fuel shortage, largely due to a 35 day blockade of the Strait of Hormuz. While nations across Asia and Europe grapple with rationi...
- Japan Executes Strategic Caspian Oil Pivot as INPEX Redirects Azerbaijan and Kazakhstan Supplies Amid Hormuz Blockade
Published: Mar 30, 2026
Section: Middle East
Following a de facto blockade of the Strait of Hormuz in February 2026, Japan has initiated an emergency energy shift, prioritizing oil from the Caspian region to safeguard its nat...
- Trump Administration Issues Controversial Oil Waiver to Iran Amid Ongoing Conflict and Record High Prices
Published: Mar 28, 2026
Section: FDD
In a move that has drawn sharp criticism from national security experts, the Trump administration has issued "General License U," a one-month waiver allowing the sale of 140 millio...
- Ceasefire Optimism Fades as Trump and Tehran Trade Conflicting Narratives
Published: Mar 26, 2026
Section: Middle East
The global community remains on edge as U.S. President Donald Trump and Iranian Foreign Minister Abbas Araqchi provided contradicting accounts of the state of negotiations to end t...
- BlackRock CEO Larry Fink Warns of "Global Recession" if Oil Hits $150 Amid Middle East Tensions
Published: Mar 25, 2026
Section: Markets
Larry Fink, Chairman and CEO of BlackRock, has cautioned that the global economy faces a "global recession" if oil prices climb to $150 a barrel. In an interview with the BBC publi...
- Canada’s Inflation Drops to 1.8 Percent as Economists Warn of Looming Energy Driven Rebound
Published: Mar 18, 2026
Section: Business & Economy
Canada’s headline inflation rate cooled to 1.8 percent in February, marking a significant dip that analysts suggest may be temporary. With oil prices surging past US$100 per barrel...
- Oman and Egypt Issue Joint Call for De-escalation as Regional Military Conflict Threatens to Expand
Published: Mar 16, 2026
Section: Africa
Foreign Ministers from Oman and Egypt met in Muscat on Monday to address the ongoing military escalation in the Middle East. Both nations expressed "deep concern" over the broadeni...
- Pakistan Imposes Nationwide Work-From-Home And School Closures As Strait Of Hormuz Blockade Triggers Energy Crisis
Published: Mar 12, 2026
Section: Asia
The Pakistani government has enacted aggressive austerity measures, including the closure of schools and a transition to remote work, to mitigate a severe energy crunch. These acti...
- OPEC+ Navigates 2026 Energy Crisis As Custodial Crude Paradox Redefines Global Oil Price Stability
Published: Mar 12, 2026
Section: Africa
The 2026 oil market has shifted from traditional supply-demand metrics toward a system governed by geopolitical permissions and "custodial crude" access. While OPEC+ maintains prod...