Commodities
U.S. downplays Iran’s seizure of unmanned sub in Hormuz Strait
The U.S. military said Tuesday that the unmanned submersible seized by Iran in the Strait of Hormuz was defective and contained no sensitive data...
Commodities
U.S. sanctions Iranian airlines in aim to tighten economic squeeze as war spreads, oil rises
The U.S. Treasury Department sanctioned 27 Iranian airlines and several other entities on Tuesday as part of Operation Economic Outcast. The goal is to...
Commodities
Current price of oil as of September 8, 2026
As of September 8, 2026 at 9 a.m. Eastern Time, oil traded at $99.85 per barrel using the Brent benchmark, up 79 cents from...
Commodities
Trump telegraphs his weakness on Canada — and Carney doesn’t bite
Canada retaliated on Tuesday with tariffs on approximately $20 billion worth of U.S. goods, targeting steel, aluminum, cheese, appliances, clothing, cosmetics and farm equipment...
Commodities
U.S. oil prices reach highest level in over three months after Saudi Arabia says civilian and energy sites struck
U.S. oil prices reached their highest level since early June on Tuesday after Saudi Arabia announced a wave of attacks by Houthi rebels on...
Commodities
Goldman Sachs reverses engines on oil-price forecasts and raises the specter of $120 per barrel crude
In just three months, Goldman Sachs analysts went from lowering their oil price forecasts to hiking them. The initial downward revision followed a memorandum...
Commodities
Oil extends gains as renewed Mideast hostilities raise worries of prolonged conflict
Oil prices extended gains Tuesday for a third consecutive day, hovering at six-week highs on worries over escalating Mideast tensions after the U.S. and...
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...