Oil prices today: Crude eases after spike as Trump, Netanyahu seek to ease concerns over Iran war

Global crude prices edged lower on Friday after a continued surge, as statements from US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu helped ease market concerns over further escalation in energy infrastructure attacks.Brent crude slipped toward $107 a barrel after its highest close since July 2022, while West Texas Intermediate (WTI) for May…

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Iran hits Ras Laffan facility: Qatar’s 17% LNG capacity gone, $20bn loss; which countries will be impacted?

Qatar’s Ras Laffan LNG facility Iran’s unprecedented attacks on Qatar’s gas facilities would significantly dent the Gulf state’s liquefied natural gas (LNG) export capacity and result in losses running into billions of dollars, according to Qatar’s state minister for energy affairs, Saad al-Kaabi.“I never in my wildest dreams would have thought that Qatar would be…

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Strait Of Hormuz: ‘Direct consequences on economy’: Indian envoy to UK on Strait of Hormuz disruption amid Iran war

India has condemned attacks on commercial shipping in the Strait of Hormuz, calling them “unacceptable,” as the International Maritime Organization (IMO) urged coordinated action to safeguard civilian vessels in the Gulf region.Addressing the 36th extraordinary session of the IMO Council in London on Thursday, Vikram Doraiswamy, India’s ambassador to the UK, emphasised New Delhi’s commitment…

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