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U.S.–Iran conflict
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Situations
US-Iran tensions drive oil surge and market volatility
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Latest: India fuel prices remain stable despite rising global crude oil costs
Geopolitical tensions between the US and Iran continue to destabilize global energy markets. Brent crude has surged above $100 per barrel following President Donald Trump’s description of upcoming economic measures again
Oil market volatility amid US‑Iran conflict
2 clusters · 115 sources · last updated
Latest: US upstream oil and gas Q2 dealmaking falls to $9 bn amid volatility
In early August 2026, BP reported a record second‑quarter profit of $5.7 billion, driven by higher oil and gas prices after the U.S.–Iran conflict disrupted shipments through the Strait of Hormuz. The strong earnings pro