Oil Prices Retreat to One-Week Low Amid Easing US-Iran Tensions and Resumed Caspian Flows
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July 29, 2026
Global oil prices dipped to a one-week low, driven by renewed hopes of a US-Iran diplomatic breakthrough easing supply concerns and the resumption of Caspian Pipeline loadings. Despite these positive shifts, geopolitical risks in the Middle East continue…
Crude Prices Soar Over 4% as Geopolitical Storm Brews in Middle East, Fueling Global Supply Fears
July 29, 2026
Global crude oil prices experienced a significant jump, rising over 4% as heightened geopolitical tensions in the Middle East converged with a notable draw in U.S. inventories, stoking fears about the stability of global supply.