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latest news in Energy markets

US and Iran Reach Tentative Peace Agreement to Pause Regional Conflict

Islamabad, Friday, 12 June 2026.
Brokered by Pakistan, the US and Iran reached a tentative peace deal to reopen the Strait of Hormuz, halting military strikes while deferring nuclear negotiations for 60 days.

Ukraine Strikes Deep Inside Russia, Heightening Global Energy Market Volatility

Kyiv, Wednesday, 10 June 2026.
Striking over 900 kilometers inside Russia, Ukraine’s new long-range missiles hit critical military and oil facilities, raising immediate concerns for global energy market stability and supply chains.

Global Energy Markets Brace for Impact as US-Iran Military Clashes Escalate

Washington D.C., Wednesday, 10 June 2026.
The downing of a US helicopter and subsequent military strikes near the Strait of Hormuz spark immediate fears of severe global oil price spikes and supply chain disruptions.

Iran Breaks Two-Month Truce With Direct Missile Strike on Israel

Jerusalem, Sunday, 7 June 2026.
Breaking a two-month truce, Iran fired ballistic missiles at Israel today following an attack on Beirut, sparking immediate fears of global energy market volatility and supply chain disruptions.

China Enacts Second Fuel Price Cut of 2026 to Ease Economic Burdens

Beijing, Saturday, 6 June 2026.
Effective June 5, 2026, China implemented its second fuel price reduction of the year, strategically lowering transportation costs to insulate its domestic economy from global crude oil volatility.