The recent analysis by the international oil and energy market experts highlights that global crude prices have become dangerously dependent on the outcome of diplomatic talks between Iran and the United States. According to the analysts, the traditional market drivers of supply and demand have taken a backseat to geopolitical forces, with the Iran-US negotiation table now representing the single most sensitive variable for oil markets.
News ID: 348 Publish Date : 2026/05/30
According to the statistics of the Iranian Steel Producers Association (ISPA), production of slab in Iran increased by 10.2 percent during the past Iranian calendar year 1404 (ended on March 20), as compared to the preceding year.
News ID: 334 Publish Date : 2026/05/26
Economics
According to the statistics of the Iranian Steel Producers Association (ISPA), 12.712 million tons of long steel products was produced in Iran during the past Iranian calendar year 1404 (ended on March 20).
News ID: 280 Publish Date : 2026/05/23
Strait of Hormuz
The European Commission has issued a stark warning that the effective closure of the Strait of Hormuz – triggered by the ongoing war in West Asia – will drive Brent crude prices to an average of $91.2 per barrel in 2026, a staggering 46% jump from previous estimates. The revised forecast, published Thursday in the EU’s Spring 2026 Economic Outlook, signals what officials call the most severe energy shock to hit Europe since the Russia-Ukraine conflict.
News ID: 278 Publish Date : 2026/05/23
Economy
ECONEWS – According to the statistics of the Iranian Steel Producers Association (ISPA), 9.449 million tons of flat steel products was produced in Iran during the past Iranian calendar year 1404 (ended on March 20).
News ID: 200 Publish Date : 2026/05/18
Economy
ECONEWS – A recent Reuters poll reveals that nearly eight out of ten Americans hold Trump responsible for soaring gasoline prices, signaling a sharp decline in his political standing.
News ID: 192 Publish Date : 2026/05/18
Economy
ECONEWS – A recent Reuters poll reveals that nearly eight out of ten Americans hold Trump responsible for soaring gasoline prices, signaling a sharp decline in his political standing.
News ID: 192 Publish Date : 2026/05/18
Economy
ECONEWS – A recent Reuters poll reveals that nearly eight out of ten Americans hold Trump responsible for soaring gasoline prices, signaling a sharp decline in his political standing.
News ID: 192 Publish Date : 2026/05/18
Economy
ECONEWS – A recent Reuters poll reveals that nearly eight out of ten Americans hold Trump responsible for soaring gasoline prices, signaling a sharp decline in his political standing.
News ID: 192 Publish Date : 2026/05/18
Economy
ECONEWS – A recent Reuters poll reveals that nearly eight out of ten Americans hold Trump responsible for soaring gasoline prices, signaling a sharp decline in his political standing.
News ID: 192 Publish Date : 2026/05/18
ECONEWS – A recent Reuters poll reveals that nearly eight out of ten Americans hold Trump responsible for soaring gasoline prices, signaling a sharp decline in his political standing.
News ID: 192 Publish Date : 2026/05/18
Economy
ECONEWS – A recent Reuters poll reveals that nearly eight out of ten Americans hold Trump responsible for soaring gasoline prices, signaling a sharp decline in his political standing.
News ID: 192 Publish Date : 2026/05/18
Economy
ECONEWS – A recent Reuters poll reveals that nearly eight out of ten Americans hold Trump responsible for soaring gasoline prices, signaling a sharp decline in his political standing.
News ID: 192 Publish Date : 2026/05/18
Economy
ECONEWS – A recent Reuters poll reveals that nearly eight out of ten Americans hold Trump responsible for soaring gasoline prices, signaling a sharp decline in his political standing.
News ID: 192 Publish Date : 2026/05/18
Economy
ECONEWS – A recent Reuters poll reveals that nearly eight out of ten Americans hold Trump responsible for soaring gasoline prices, signaling a sharp decline in his political standing.
News ID: 192 Publish Date : 2026/05/18
Economy
ECONEWS – A recent Reuters poll reveals that nearly eight out of ten Americans hold Trump responsible for soaring gasoline prices, signaling a sharp decline in his political standing.
News ID: 192 Publish Date : 2026/05/18
Economy
ECONEWS – A recent Reuters poll reveals that nearly eight out of ten Americans hold Trump responsible for soaring gasoline prices, signaling a sharp decline in his political standing.
News ID: 192 Publish Date : 2026/05/18
ECONEWS – The global oil market faces a prolonged recovery following the loss of approximately one billion barrels of crude over the past two months, the CEO of Saudi Aramco has warned. Even if key shipping routes are reopened, energy markets will take time to stabilize, according to a Reuters report published on Sunday.
News ID: 132 Publish Date : 2026/05/12
Global
ECONEWS – Global oil reserves are rapidly declining due to the ongoing Middle East conflict and restrictions on shipping in the Strait of Hormuz.
News ID: 99 Publish Date : 2026/05/10
Iran
ECONEWS – The global food prices climbed to their highest level in more than three years as the US-Israeli war of aggression against Iran disrupted supply chains, raising the prospect of larger bills for shoppers.
News ID: 91 Publish Date : 2026/05/10
