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The Business Standard

Thursday
July 23, 2026

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THURSDAY, JULY 23, 2026

Brent crude

Brent crude

People stand near a destroyed vehicle as smoke rises after a reported strike on Shahran fuel tanks, amid the U.S.-Israeli conflict with Iran, in Tehran, Iran, March 8, 2026. Photo: Majid Asgaripour/WANA (West Asia News Agency) via REUTERS

Governments scramble to limit fallout of Iran war as oil prices surge

In a sign of mounting governmental concern over supply disruptions, the Group of Seven finance ministers will discuss the possibility of a joint release of emergency oil reserves in a meeting on...

A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. Photo: REUTERS/Benoit Tessier/File Photo

Oil soars 25%, gold drops as Iran war jolts global commodity markets

Illustration: Ashrafun Naher Ananna/TBS Creative

Economists suggest tighter monetary policy in view of Middle East war

A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. Photo: REUTERS/Benoit Tessier/File Photo

Oil drifts lower as traders weigh supply risks amid US–Iran tensions

Fuga Bluemarine crude oil tanker lies at anchor near the terminal Kozmino in Nakhodka Bay near the port city of Nakhodka, Russia, December 4, 2022. Photo: REUTERS/Tatiana Meel/File Photo

Indian refiners avoid Russian oil in push for US trade deal

Representational image

Malaysia seizes $129.9m in crude oil from tankers suspected of illegally transferring oil

An oilfield worker walks next to drilling rigs at an oil well operated by Venezuela's state oil company PDVSA, in the oil rich Orinoco belt, near Morichal at the state of Monagas on 16 April 2015. File Photo: Reuters

Venezuela receives $300m in proceeds from first US oil sale

A general view shows the Novorossiysk Fuel Oil Terminal (NMT) in the Black Sea port of Novorossiisk, Russia May 30, 2018. REUTERS/Natalya Chumakova/File Photo

Oil prices drop 3% after Trump comments on Iran

The Guinea-flagged oil tanker MT Bandra, which is under sanctions, is partially seen alongside another vessel at El Palito terminal, near Puerto Cabello, Venezuela December 29, 2025. Photo: REUTERS/Juan Carlos Hernandez

Oil pauses gains as Venezuela shipments resume, but Iran concerns loom

An oil tanker sails on Lake Maracaibo, in Cabimas, Venezuela October 14, 2022. Photo: REUTERS/Issac Urrutia

Oil loading in Venezuela slows, more ships make U-turns after new US interceptions

A view shows the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. Photo: REUTERS/Tatiana Meel

Oil rises as Venezuelan supply disruptions outweigh surplus concerns

People bathe on a beach next to the El Palito refinery of the Venezuelan state oil company PDVSA, in Puerto Cabello, Venezuela February 10, 2024. Photo: REUTERS/Leonardo Fernandez Viloria

What could Maduro offer Trump in potential talks? Oil

A view shows oil pump jacks outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. Photo: REUTERS/Stringer/File Photo

OPEC+ pauses oil output hikes beyond December amid glut fears

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