Commodities

Gas topped $4 daily in August for the first time. New U.S. strikes on Iran are sending oil prices even higher again

U.S. strikes on Iran caused oil prices to rise and stocks to fall on Wall Street on Monday. Brent crude gained 3.2% to $90.91...

Trump to meet with oil execs about cutting gas prices, as his Venezuelan SPR plan faces skepticism

President Trump is set to meet with oil executives to discuss lowering gas prices. His plan to use the Strategic Petroleum Reserve in Venezuela...

Current price of oil as of August 31, 2026

As of August 31, 2026 at 8:30 a.m. Eastern Time, oil was trading at $93.03 per barrel using the Brent benchmark, up $1.06 from...

Trump threatens to blow Kharg Island ‘to smithereens’ as U.S. and Iran trade fresh strikes in the Gulf, driving up the price of oil

Trump posted an AI-generated video on Truth Social showing Kharg Island, the terminal through which Iran exports 90% of its oil, being blown to...

Brent oil tops $90 after first U.S. and Iran fighting in a month

Oil prices jumped on Monday after the U.S. and Iran exchanged fire for the first time in a month. Brent crude rose nearly 3%...

Trump threatens to blow up Iran’s Kharg Island oil hub as hostilities escalate once again

U.S. President Donald Trump threatened to blow up Kharg Island, Iran's main oil export terminal. On Sunday, U.S. forces struck two Iranian rocket launchers...

Oil rises over 1% after U.S. forces strike two Iranian rocket launchers on Larak Island

Oil rose more than 1% on Monday amid heightened concerns over supply disruptions after U.S. forces struck two Iranian rocket launchers on Larak Island...

‘I think they’re doing it to cling to power’ — Venezuelans bash their government’s deal handing over vast oil reserves to the U.S.

The United States and Venezuela have struck a historic deal granting the U.S. 55% effective output of a new private oil company operating in...