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119 resultsfor “why did oil prices drop”

Politics

EU formally approves €90bn Ukraine loan and 20th sanctions package against Russia

oil deliveries to [Hungary](https://www.theguardian.com/world/hungary) and Slovakia resumed on Thursday, the Hungarian energy group MOL reported, after both countries – heavily dependent on Russian crude – dropped their objections to EU support for Ukraine. Viktor

The Guardian WorldApr 23
Conflicts

The U.S. blockade continues despite Iran's announcement the Strait of Hormuz is open

drop dramatically because of the war, affecting revenue across the Gulf.| The International Monetary Fund said the country worst-hit economically is Qatar, with a nearly 9% contraction to its economy this year

NPR Topics: NewsApr 17
Politics

Kevin Warsh confirmed to US Federal Reserve board in close Senate vote

dropped its investigation, but its lead prosecutor in Washington says she could reopen it. Powell plans to take the unusual step of staying on as governor after his term as chair ends in response

Al Jazeera EnglishMay 12
Conflicts

Leaders urge for restraint as 10-day Israel-Lebanon ceasefire takes effect

drop dramatically because of the war, affecting revenue across the Gulf.| The International Monetary Fund said the country worst-hit economically is Qatar, with a nearly 9% contraction to its economy this year

NPR Topics: NewsApr 17
Business

UK unemployment unexpectedly rises to 5% as firms squeezed by Iran war

dropped sharply in April, falling by 100,000, after a 28,000 decline in March, the ONS said. Excluding bonuses, wage growth was 3.4% year on year in the three months to March, down from

The Guardian WorldMay 19
Politics

US extends sanctions waiver on Russian oil: Why it matters

prices surged above $100 per barrel in the wake of US-Israeli strikes on Iran. In April, Bessent told The Associated Press news agency that Washington had no plans to renew the waiver. But energy

Al Jazeera EnglishMay 19
Business

From oil giants to banks - these companies are making billions from Iran war

price of oil still significantly higher than when the war broke out. Some of the biggest banks have also seen their profits boosted during the war in Iran. JP Morgan's trading arm made

BBC NewsMay 8
World

From night life in Egypt to rice farming in Vietnam, the war in Iran is a drain

oil, sugar and powdered milk. And that all usually comes from Dubai," Abdulkadir says. Those shipments have been interrupted by the Strait of Hormuz blockade. The longer the war goes on, the worse it will

NPR Topics: NewsApr 24
Business

What is happening to UK prices?

price of oil remained high, pushing UK inflation up. It said there could be "forceful" rises later this year – up to six in a worst-case scenario, potentially bringing the rate to 5.5%. The next

BBC NewsMay 20
Business

Kevin Warsh set to clear key Senate hurdle to replace Fed chair Powell

dropped his opposition following the Department of Justice’s ​decision on Friday to [end a criminal investigation](https://www.reuters.com/world/us/justice-dept-close-investigation-federal-reserve-renovations-us-attorney-pirro-2026-04-24/) into Powell that Tillis viewed as a threat to the ⁠Fed’s political independence

The Guardian WorldApr 29
Politics

Australians will pay more if Albanese fast-tracks fossil fuel projects, former oil and gas leaders warn

price shocks”. They said some gas would still be required, including to “firm” renewable energy generation, but Australia already had enough to meet future demand. “Fossil fuel lobbying has slowed the transition from petrostate

The Guardian WorldApr 30
Politics

Trump’s disapproval rating hits record high, new poll shows

oil crisis and sent gas prices rocketing to a four-year high. Trump achieved majority disapproval on his management of every issue measured, including Americans disapproved of his handling of that

The Guardian WorldMay 3
Politics

Marco Rubio says ‘significant progress’ made in US-Iran talks to end war

prices after the crucial passageway for oil shipments has been virtually shut down since the war began with [only limited safe passage for certain vessels](/economy/2026/3/16/strait-of-hormuz-which-countriess-ships-has-iran-allowed-safe-passage-to). Al Jazeera’s Resul Serdar Atas, reporting from Tehran

Al Jazeera EnglishMay 24
Politics

Kevin Warsh confirmed as new US Federal Reserve chair amid controversy

dropped the investigation after Senator Thom Tillis of North Carolina, a ranking member of the Senate Banking Committee, said he would not vote to advance Trump’s nominee to lead the central bank until

Al Jazeera EnglishMay 13
World

Cost of living crisis reshapes Eid spending in Nigeria

drops further. “We do not pray to take them back home, but with the looks of things, I fear so,” he said. ## Eid cutbacks One woman who had come to buy two rams left with

Al Jazeera EnglishMay 26
Politics

Senate confirms Kevin Warsh as next chair of the Federal Reserve

drop the probe. ### Powell will stay on In a break with tradition, [Powell will remain on the Fed's governing board](https://www.npr.org/2026/04/29/nx-s1-5802911/federal-reserve-meeting-jerome-powell-kevin-warsh) for a period of time after stepping down as chairman. That

NPR Topics: NewsMay 13
Politics

Middle East crisis live: Iran warns it will close strait of Hormuz if US blockade continues

dropping bombs again” if a long-term deal to end the war was not agreed by Wednesday, when their truce expires. ![The Malta-flagged oil tanker Agios Fanourios I, which sailed through the strait

The Guardian WorldApr 18
Science

How rising jet fuel prices are driving up the cost of fighting wildfires

dropping water on the Elmo Fire burning in northwest Montana. **Josh Burnham/Montana Public Radio** Josh Burnham/Montana Public Radio The U.S. Forest Service, the federal agency in charge of fighting most big wildfires in the United

NPR Topics: NewsApr 30
Science

Clean electricity meets all new demand, curbing fossil fuels, says Ember

dropped by 10-20 percent, losing its market dominance to clean energy. Not everyone is convinced. “In an average year, if clean resources are sufficient to meet extra demand for electricity, that doesn’t establish

Al Jazeera EnglishApr 21
Business

Condom prices could rise 30% due to Iran war, says world’s top producer Karex

prices are expensive … We have no choice but to transfer the costs right now to the customers,” Goh said. Karex produces more than 5 billion condoms annually and is a supplier to leading brands like

The Guardian WorldApr 21
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