Commodities
Current price of oil as of August 28, 2026
As of August 28, 2026 at 6:30 a.m. Eastern Time, oil was trading at $90.55 per barrel, with Brent crude serving as the global...
Commodities
U.S. Navy blockade slashes Iran oil exports as Trump administration shifts to economic warfare
Iranian crude oil exports have plummeted to about 260,000 barrels per day in August, an 80% decline from 1.7 million bpd in August 2025,...
Commodities
Who pays for a shadow fleet oil spill? No one
The shadow fleet vessel Caroline Bezengi, carrying roughly 800,000 barrels of Russian crude oil, grounded on June 30 off Oman inside a 667-square-kilometer marine...
Commodities
Current price of oil as of August 27, 2026
Oil reached $89.68 per barrel using the Brent benchmark on August 27, 2026, up $2.27 from the previous morning and $21.90 higher than a...
Commodities
Tanker attack tests Trump’s claim that Hormuz is a ‘functioning strait’
An oil tanker was struck by an unidentified projectile in the Strait of Hormuz, according to the UKMTO agency. The incident, which occurred Tuesday...
Commodities
The U.S. declared an ‘onslaught’ on Iran. China’s banks got a pass
U.S. Treasury Secretary Scott Bessent announced an 'economic onslaught' against Iran's financial connections worldwide. China, Iran's largest trading partner and primary oil buyer, is...
Commodities
Current price of oil as of August 26, 2026
The price of Brent crude oil stood at $87.41 per barrel as of August 26, 2026, representing a decrease of $2.80 from the previous...
Commodities
Oil prices extend slide as Iran and Oman eye temporary Hormuz deal
Oil prices extended their decline on Wednesday after Iran and Oman announced they were discussing a temporary deal to resume shipments through the Strait...