Israel's Attack On Iran Pushes Oil Prices
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Iran's oil facilities weren't damaged by a barrage of Israeli strikes that targeted nuclear and military facilities overnight, a spokeswoman for Iran's oil ministry said. A refinery near military bases in western Iran that were attacked by Israel wasn't hit,
Police have urged people not to drive through a large oil slick after a motorist suffered serious injuries in a crash near Boston in Lincolnshire. Officers were called to a collision between a car and a HGV on the A1121 Boardsides, close to the junction with the A17, at about 21:50 BST on Thursday.
When Namibian President Netumbo Nandi-Ndatiwah was elected in March, she placed the country’s burgeoning oil and gas sectors directly under the control of her office. Since then, viral posts have been circulating claiming that Namibia cancelled oil and gas deals with the United States to prioritise state-owned operations.
Market watchers believe a full-scale disruption of global oil flows by closing the waterway is unlikely, and might even be physically impossible.
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The Reserve Bank of India is believed to have sold dollars to support the rupee after a surge in oil prices, triggered by Israeli strikes on Iran, put pressure on the currency, three traders told Reuters on Friday.