Russia says sanctions and financial restrictions are accelerating BRICS de-dollarisation, while India focuses on practical payment systems, balanced trade and people-centred cooperation.
The expired US–Iran memorandum has left diplomacy stalled while tensions over the Strait of Hormuz, Oman and Iran’s nuclear programme increase the risk of renewed escalation.
Oil markets remain highly volatile as the US-Iran conflict continues to impact global energy supplies. Brent crude is trading around $95 per barrel while WTI is hovering near $91, driven by fears surrounding the Strait of Hormuz and geopolitical uncertainty.
Oil markets remain under pressure as Brent crude hovers around $105 per barrel and WTI near $98 amid escalating US-Iran tensions and ongoing uncertainty surrounding the Strait of Hormuz. Investors, governments, and consumers are watching closely as energy prices reshape inflation, transport costs, and global economic expectations.
Fresh reports from international media suggest the United States and Israel are intensifying military preparations for possible renewed strikes on Iran. Diplomatic efforts remain fragile as officials weigh new military options, including expanded air operations and potential special forces missions targeting nuclear infrastructure.
Iran used the BRICS foreign ministers’ meeting in New Delhi to seek stronger political backing against the United States and Israel, while divisions inside the bloc highlighted growing tensions over maritime security, sanctions, and regional stability.
Tehran is moving toward a long-term toll system in the Strait of Hormuz, a strategic maritime chokepoint that carries a major share of global oil and LNG shipments. The proposal is triggering international concern over shipping costs, energy security, and freedom of navigation.
US-Iran War Oil Prices Surge as Strait of Hormuz Crisis Shakes Global Markets Oil Prices Stay Volatile as the US-Iran Conflict Escalates Global oil markets remain highly volatile as tensions between the United States and Iran continue to disrupt energy supply chains and shipping routes across the Middle East. Brent crude and West Texas Intermediate…
Rising tensions in the US–Iran–Israel conflict are shaking global oil markets, disrupting supply routes, and fueling economic uncertainty worldwide as ceasefire prospects remain fragile.
