Latest Oil & Geopolitics News
ICYMI – Kuwait targets 70% oil output recovery within weeks of Hormuz reopening
Kuwait could restore 70% of oil output within 6-8 weeks of a…
British Pound edges higher vs softer USD amid Israel-Lebanon truce – 4 June 2026
The GBP/USD pair attracts some dip-buyers following the previous day’s slide back…
House passes Conflict powers resolution to halt Trump’s authority in Iran – 4 June 2026
The Republican-led House voted to curb the US war with Iran, breaking…
IEA stockpile warning and deeper crude draw add fuel to Wednesday’s oil rally
Brent settled up 1.9% at $97.81 and WTI gained 2.4% to $96.02…
Australian Dollar tumbles as Hormuz strikes spark US Dollar flight – 3 June 2026
The Australian Dollar (AUD) drops some 0.70% on Wednesday against the US…
US military fires Hellfire missile at tanker bound for Iran’s Kharg Island
US forces fired a Hellfire missile into the engine room of a…
New Zealand Dollar slides for third day as US-Iran tensions lift USD
NZD/USD falls to around 0.5870 on Wednesday at the time of writing,…
British Pound buckles as Hormuz attacks spark US Dollar rush
The Pound Sterling (GBP) drops by 0.28% during the North American session…
Reserve Bank of India likely sold US$12bn in gold to defend rupee amid oil shock
India’s RBI may have sold around $12bn in gold in the two…
Indian Rupee opens lower as renewed US-Iran tensions boost oil prices
The Indian Rupee (INR) opens on a negative note against the US…
