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Day: April 13, 2026

IEA Voices Readiness to Release More Oil Reserves

Washington: Executive Director of the International Energy Agency (IEA), Fatih Birol expressed hope that further releases of oil reserves would not be necessary, while simultaneously affirming the agency’s readiness to act should the energy shock resu…

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Oil Prices Surge Above $100 per Barrel

Moscow: Oil prices surged past $100 a barrel as the US navy prepared to blockade the Strait of Hormuz after talks between the United States and Iran ended without an agreement. Brent crude futures rose $7.11, or 7.47 percent, to $102.31 a barrel, afte…

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