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18
Sep 2026
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South Korea imposes a fuel price cap for the first time in 30 years due to the surge in oil prices

The rise in oil prices, due to the crisis in the Middle East, is pushing South Korea to take emergency measures

Oil market hikes at $120 a barrel: G7 finance ministers hold an emergency meeting

Crude oil at its highest levels since 2020 - G7 countries consider coordinated release of strategic oil stocks in cooperation with the IEA in an effort to stabilise energy markets

Strait of Hormuz: How China, India and Russia are shaping the new energy equation and oil prices

The conflict in the Persian Gulf is bringing the role of Russia into the spotlight as an alternative energy supplier for Asia’s energy-dependent economies. According to JMIC, the Strait of Hormuz is now almost closed to shipping

Oil prices fall 3% after Trump’s statements on Iran

The barrel of North American WTI was down 3% at $60.16, while North Sea Brent was down 2.87% at $64.61

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