Oil prices started the day higher following the Easter holiday, as the ongoing U.S.-Israeli conflict with Iran continued to disrupt global oil supplies. Brent crude futures rose by 2.2 percent to $111.43 per barrel, while U.S. crude rose by 2.7 percent to $114.57 per barrel by 22:15 GMT.
President Donald Trump has announced a historic $300 billion partnership with India’s Reliance Industries Ltd to establish America First Refining, the first major new oil refinery in the US in 50 years. Trump made the announcement on the social media platform Truth Social, describing the project...
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