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Oil Price - Oil reserves eased Iran war price shock, but now they are 'spent', IMF says

15-07-2026 03:00

The International Monetary Fund says the global economy was spared the worst of the oil price shock because of large reserves. Now they are running out.

What Trump’s New Iran Blockade Could Mean for Oil Prices

The first blockade in April choked off Iranian exports without causing a lasting price surge. Now global oil reserves are lower, and ships face heightened risks.

Heating oil firms told to compensate users for Iran war price hikes

Heating oil firms told to compensate customers over Iran war price hikes - The CMA found heating oil customers lack the robust protections of those using gas or electricity ...

Oil prices rise above $85 as US strikes Iran for second night

Oil prices rise above $85 as US strikes Iran for second night - US Central Command says forces struck missile and drone facilities, naval assets and coastal defence systems in Iran overnight ...

Oil Prices Tick Higher as U.S. Reinstates Iran Blockade

The United States reinstated its blockade on Iranian ports in the Strait of Hormuz and shipping slowed to a crawl amid the renewed warfare in the critical waterway.

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