Commodities
Oil prices rise to 6-week high after Iran and U.S. trade blows, Saudi Aramco facilities reportedly hit
Oil prices rose to a six-week high on Monday, with Brent crude reaching $97.52 per barrel, up 1.3%, after the U.S. and Iran exchanged strikes over the weekend. The...
Commodities
Oil prices hit near seven-week highs, before edging lower, as Iran plans to increase control of Hormuz
Oil prices climbed to near seven-week highs before edging lower, driven by geopolitical concerns as Iran plans to increase control over the Strait of...
Commodities
Iran plans to announce an ‘exclusion zone’ that runs from the U.S. naval blockade line, through the Strait of Hormuz, and into the Persian...
The U.S. military has denied Iran s claim to have struck an unmanned American military vessel in the Strait of Hormuz, calling it a...
Commodities
Is the U.S. losing its safe-haven status? Why global central banks are pulling gold out of New York
Several central banks, including those of the Netherlands and France, are withdrawing their gold reserves stored in New York. This trend raises questions about...
Commodities
OPEC+ keeps oil output policy unchanged for October
OPEC+ kept its oil output policy unchanged for October at a meeting on Sunday. Seven core members, including Saudi Arabia and Russia, participated in...
Commodities
After hitting oil tankers, Iran targets Navy warships and U.S. retaliates with ‘higher economic cost’ in new escalation that could transform the war
Iran launched missiles at U.S. bases around the Persian Gulf and then at a Navy aircraft carrier and destroyer. In response, the United States...
Commodities
U.S. sanctions Turkish bank, accusing it of helping Iran transfer oil revenue from China to Turkey by converting it to cash and gold
The United States imposed sanctions Friday on Turkish bank Golden Global Yatirim Bankasi Anonim Sirketi, accused of being established to enable Iran to transfer...
Commodities
U.S. military strikes Iranian tankers and warns it will destroy Tehran’s oil fleet if necessary after Navy aircraft carrier and destroyer are targeted
The U.S. military announced Saturday that it struck three Iranian oil tankers after Navy warships, including an aircraft carrier and a destroyer, were targeted...
Commodities
U.S. attacks 3 Iranian oil tankers after missiles target Navy warships
U.S. forces struck three Iranian crude oil carriers Saturday in response to ballistic missile attacks by Iran's Islamic Revolutionary Guard Corps against two American...
Commodities
Trump’s state capitalism comes to the oil industry with his unprecedented Venezuela deal
The Trump administration has granted the Pentagon a 35% equity stake in North American Blue Energy Partners, a private oil company headquartered in Barbados...
Commodities
The overlooked Russia-Ukraine war grows its outsized impact on energy as U.S. diesel prices hit all-time high
The Russia-Ukraine war, largely overshadowed by tensions in the Strait of Hormuz, continues to heavily impact global energy markets. About 40% of Russia's oil-refining...