Oil
Trump announces U.S.-Iran peace deal set for June 19 signing
Reported by AI Image generated by AI
President Donald Trump said the United States and Iran reached a peace deal over the weekend that will be signed on June 19. The agreement calls for the reopening of the Strait of Hormuz and the removal of the U.S. naval blockade.
Oil prices are dropping significantly as tankers resume passage through the Strait of Hormuz following a preliminary peace accord between the US, Israel, and Iran. This easing of supply concerns has pushed prices towards pre-war levels.
Reported by AI
Petrobras board approved a US$1.2 billion investment on Friday to produce renewable fuels at the Cubatão refinery in São Paulo state.
Asian stock markets advanced amid optimism over a potential Middle East peace agreement. Oil prices dropped to two-month lows, easing concerns about inflation. Investor attention also turned to the anticipated SpaceX initial public offering.
Reported by AI
Sanae Takaichi stated that Japan's July oil imports will return to pre-Iran war levels. Japan has significantly diversified its supply chain away from the Middle East.
Renewed oil extraction activities have sparked sharp political differences among leaders in Turkana East and South over job distribution and revenue sharing.
Reported by AI
Oil companies in the Philippines began implementing steep fuel price cuts on Tuesday, June 2, with diesel falling by P9.26 per liter. The Department of Energy set the reductions for the week of June 2 to 8.
Kenya holds talks with India on Turkana oil drilling
June 17, 2026 09:53Oil prices slip as US and Iran sign peace deal
June 17, 2026 02:28PRI deputy demands Pemex director appear over Pánuco River spill
June 15, 2026 07:48Argentine stocks close mixed as country risk drops after credit rating upgrade
June 15, 2026 00:49Argentina country risk falls to 425 points after US-Iran pact
June 11, 2026 01:43Gulf Energy announces 39 jobs for Turkana oil project
June 08, 2026 20:23ACP warns of work stoppage at oil fields in Meta
June 08, 2026 14:17Dollar retreats as crude rises 3% after Iran ceasefire announcement
June 05, 2026 16:10Kenya to begin oil production from Turkana this year
June 04, 2026 16:41Raízen agrees to sell Argentina assets to Mercuria for $1.42 billion