oil prices

Oil surges after fresh attacks in Middle East fuel price spike fears

Oil prices jumped about 6% as Iran stepped up attacks on the United Arab Emirates and vessels in the Persian Gulf over the past 24 hours, according to market data and reports on May 5.

5 May, 01:29 PM

Oil prices fall as Trump announces Operation Project Freedom

Oil prices dropped after Trump announced that the U.S. will begin an effort to assist ships stranded in the Strait of Hormuz, Reuters wrote on May 4.

4 May, 02:20 PM

Soaring oil prices will not save Russia's sluggish economy from recession — Bloomberg

The sharp spike in oil prices caused by the war in the Middle East is unlikely to help Russian dictator Vladimir Putin revive Russia's sluggish economy, now verging on recession, Bloomberg reported on April 22.

22 April, 02:25 PM

Ukrainian gas prices will fall slower than global oil

Falling global crude and refined-product prices will not lead to a rapid drop in retail prices at Ukrainian gas stations, a source in a major gas station network told NV Business on April 8.

8 April, 08:24 PM

Oil prices surge on Trump signals of ending war with Iran

Oil prices resumed gains after an earlier pullback on media reports that U.S. President Donald Trump is willing to end the war with Iran, even if the Strait of Hormuz remains largely closed, Interfax-Ukraine reported on March 31.

31 March, 12:15 PM

Moldova suspends 70% of bus routes amid sharp fuel price rise — deputy PM

Moldovan road transport operators have suspended about 70% of regular passenger routes, Deputy Prime Minister Vladimir Bolea said, Interfax-Ukraine reported on March 27.

27 March, 10:28 AM

Saudi Arabia assesses oil price surge amid Iran war

Saudi Arabia is assessing how high oil prices could rise if the war with Iran and related disruptions to energy supplies persist, as concerns grow over prolonged instability in global markets, The Wall Street Journal reported on March 20.

20 March, 07:39 PM

Higher oil prices may aid Russia’s budget — Peskov

Rising oil prices and a temporary easing of U.S. sanctions could bring additional revenue to Russian energy exporters and boost budget income for Russia, Kremlin spokesman Dmitry Peskov said, according to The Moscow Times on March 16.

16 March, 03:56 PM

Ukraine fuel prices climb amid global oil turmoil — analysis

War in the Middle East has disrupted oil shipments through the Strait of Hormuz, rattling global energy markets and driving fuel prices higher in Ukraine, where motorists have seen prices rise by 6–10 hryvnias per liter.

10 March, 02:19 PM

Oil prices hit highest level since 2022 amid escalation of fighting in Iran

Oil prices rose more than 25% to their highest level since mid-2022 and climbed above $100 per barrel for the first time since then, Reuters reported on March 8.

9 March, 12:42 PM

Strait of Hormuz traffic drops to near zero

Since Monday, March 2, only nine commercial vessels have transited the Strait of Hormuz, while an average of 138 vessels crossed the waterway daily before the U.S.–Israeli operation against Iran began on Feb. 28, AFP reported on March 6.

7 March, 01:38 AM

Global oil surge threatens to reverse year of declining Russian energy revenues - ISW

Threats to shipping in the Strait of Hormuz are driving a sharp spike in crude oil prices, a trend that could provide the Kremlin with the funds to stabilize its economy and sustain the war, the Institute for the Study of War (ISW) wrote on March 2.

3 March, 10:53 AM

Iran war boosts Russia’s oil revenues, expert warns

Oil price surge driven by fears of supply disruptions after the U.S.–Israeli attack on Iran is helping Russia, CNN reported on March 2, citing Brussels-based Bruegel think-tank.

2 March, 09:28 PM

Oil rockets to four-year high as Strait of Hormuz traffic grinds to a halt

Global oil prices surged to their highest level in four years, Bloomberg reported on March 2, as traders assessed the effective closure of the Strait of Hormuz triggered by the war involving the United States and Israel, pushing Brent crude toward $78 a barrel before prices pared gains.

2 March, 10:41 AM

Bankruptcies hit small Russian oil firms amid U.S. sanctions, price crash

Small oil companies in Russia’s main producing regions have begun filing for bankruptcy as U.S. sanctions have driven Urals crude prices below $40 a barrel, forcing steep discounts and eroding export revenues, The Moscow Times reported on Feb. 17.

17 February, 05:50 PM

Russia’s Central Bank slashes Urals oil forecast to $45

Russia’s Central Bank sharply lowered its 2026 Urals oil price forecast to $45 per barrel — the lowest since the pandemic — acknowledging substantial risks from global oversupply and sanctions, The Moscow Times reported on Feb. 13.

14 February, 07:47 PM

Russia facing oil revenue collapse as direct talks with Ukraine resume

Russia’s oil revenues, a critical source of funding for its war against Ukraine, are sharply declining due to falling prices, tighter sanctions and Ukrainian drone attacks on tankers and refineries, pushing the Kremlin to raise taxes and debt while engaging in its first direct talks with Kyiv in years, The New York Times reported on Jan. 31.

1 February, 02:59 PM

Oil prices react to expectations of peace talks

Oil prices rose slightly after falling about 1% in the previous session, as investors track progress in peace talks between Russia and Ukraine and await a U.S. interest rate decision, Reuters reported on Dec. 10.

10 December 2025, 12:43 PM

Oil rises after Russia’s Novorossiysk port hit

Oil prices rose by about 2% on Nov. 14 after Russia’s key oil terminal in the Black Sea port of Novorossiysk halted exports following an overnight Ukrainian attack, Reuters reported.

14 November 2025, 01:35 PM

Russia and Belarus face deficits, cuts as oil prices fall – Ukraine's intel

Russia and Belarus are entering the new year with looming deficits and spending cuts after Urals crude prices fell to their lowest since spring, casting doubt on both states’ budgets, Ukraine's Foreign Intelligence Service reported on Oct. 23.

23 October 2025, 04:13 PM

oil prices

1
2
3
4
5