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Crude oil prices jumped in early trading on Monday as markets reacted to intensifying tensions in the Middle East and the potential disruption to global energy supplies.   Investors weighed the economic consequences of coordinated US and Israeli strikes on Iran, followed by swift retaliatory actions from Tehran that targeted assets across several countries in the region.   At the start of trading, the price of US benchmark crude briefly spiked by around 8% before easing sligh

French naval forces have detained an Indian ship’s captain following the interception of an oil tanker suspected of operating within the covert maritime network that sustains Russian energy exports. The vessel, the Grinch, was stopped on the high seas and escorted under military supervision to the Gulf of Fos-sur-Mer, where it arrived on January 25, 2026. The ship’s captain, a 58-year-old Indian national, was taken into custody as part of a criminal investigation led by prose

A former high-level oil trader has been handed a fifteen-month prison term and ordered to pay a $300,000 fine after taking part in an almost eight-year criminal scheme involving bribery of Brazilian government officials and the laundering of corrupt funds to secure profitable business for the commodity firms that employed him. The trader, Glenn Oztemel—formerly with Arcadia Fuels Ltd. and later Freepoint Commodities LLC—participated in conduct that represents a profound breac