Browsing: Oil
Rising tempo of combat in battle for Hormuz tests market’s confidence that the worst is over on Iran
U.S. stock futures dipped late Sunday while oil prices rose, but didn’t spike, as investors kept their cool after a…
The ‘facade’ of the U.S.-Iran ceasefire crumbles after after largest round of fighting in months
The battle for the Strait of Hormuz is heating up as the U.S. and Iran exchange bigger and bigger blows…
The US and Iran can’t agree on reopening Hormuz. The solution could be from the Old Testament
Despite the U.S.-Iran ceasefire agreement, the Persian Gulf has seen on-again, off-again fighting as both sides try to assert control…
No escape from inflation: ‘Godzilla’ El Niño, AI boom, tariffs, and fuel crunch to keep prices high
Oil prices have retreated as the U.S.-Iran war recedes, despite occasional skirmishes, but inflationary trends will continue to apply pressure…
Oil demand is falling, and crude prices are down. But here’s why gasoline, diesel are still costly
Global oil demand is set to decline this year for the first time since the height of the COVID-19 pandemic…
Top Iranian officials admitted to the supreme leader the US naval blockade was crushing the economy
Iran’s president and central bank chief told Supreme Leader Ayatollah Mojtaba Khamenei the economy was on the ropes due to…
At 6:15 a.m. Eastern Time today, oil was priced at $76.80 per barrel with Brent serving as the benchmark (we’ll…
At 8:30 a.m. Eastern Time today, the price of oil sits at $78.17 per barrel, using Brent as the benchmark…
As of 9 a.m. Eastern Time today, oil is trading at $73.29 per barrel, based on the Brent benchmark we’ll…
OPEC+ has agreed to raise oil production by a further 188,000 barrels per day from August, marking the fifth consecutive monthly…












