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The Business Standard

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July 24, 2026

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FRIDAY, JULY 24, 2026

Oil

Oil

Oil storage tanks in Taoyuan, Taiwan. Photo: REUTERS

Mideast war escalation threatens recovery in global oil refining

As a result, Asian refiners who had ​lined up crude supply for August are now bracing for delays in shipments from the Middle East, while processors in the US and Europe are already running near...

Specialists work at a drilling rig at the Airankol oil field operated by Caspiy Neft in the Atyrau region, Kazakhstan, 20 April, 2026. Photo: REUTERS/Pavel Mikheyev

Oil prices dip as mediation efforts offset US-Iran strikes

Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang province, China 22 August 2019.Photo: REUTERS

Oil heads for weekly gain as Middle East supply risks persist

A pump jack operates in front of a drilling rig at sunset in an oil field in Midland, Texas US 22 August  2018. Photo: Reuters

Oil jumps over 6% to two-week high after Trump says deal with Iran 'over'

General view of Aramco's oil field in the Empty Quarter, Shaybah, Saudi Arabia, January 12, 2024. Photo: Reuters

Saudi Arabia considers expansion of oil pipeline to Red Sea, sources say

OPEC+ approves further oil output increase as Hormuz exports start to recover

OPEC+ approves further oil output increase as Hormuz exports start to recover

Representational image. Photo: Reuters

Oil falls for a third straight day after US, Iran talks conclude in Doha

Representational image. Photo: Reuters

Oil climbs following renewed US, Iran strikes in Middle East

Secret Service police members walk down the stairs at Buergenstock Resort Lake Lucerne on the day of talks between the US, Iran, Pakistan, and Qatar at the Lake Lucerne Summit, aimed at advancing a deal to end the Middle East conflict, near Stansstad, Switzerland, June 21, 2026. Photo: REUTERS/Nathan Howard/Pool

Oil slips after US-Iran conclude talks in Switzerland

Representational image. Photo: Reuters

Oil falls as supply starts moving through Strait of Hormuz

US President Donald Trump. Photo: Reuters

US may soon reimpose sanctions on Russian oil once Hormuz reopens: Trump

Photo: Collected

Budget FY27: Govt may offer tax breaks for edible oil production, remove regulatory duty on spices and dates

Finance Minister Amir Khosru Mahmud Chowdhury. Photo: Screengrab

Mideast tensions may lead to Tk42,600cr in extra subsidies this fiscal year: Khosru

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