Commodities
Oil prices decline as investors brush aside Bessent’s ‘economic D-Day’ for Iran
Oil prices fell on Tuesday, with West Texas Intermediate and Brent crude futures for October delivery both declining by approximately 3 percent. Investors appear...
Commodities
Oil trades lower even as Bessent promises ‘economic D-Day’ announcement on Iran
Oil futures fell Monday as traders awaited details about new U.S. sanctions on Iran, with Treasury Secretary Scott Bessent scheduled to announce the measures...
Commodities
Current price of oil as of August 24, 2026
As of August 24, 2026 at 9 a.m. Eastern Time, oil was trading at $94.12 per barrel using the Brent benchmark, representing a 54-cent...
Commodities
Oil prices fall as investors await ‘toughest’ U.S. sanctions on Iran
Oil prices fell Monday as WTI futures declined about 1.3% to $85.93 per barrel and Brent crude lost 1.24% to $93.22. U.S. Treasury Secretary...
Commodities
The Iran war could last ‘deep into 2027’ as the Strait of Hormuz isn’t that closed, allowing more oil to leak out—but major escalation...
The Strait of Hormuz, which saw 20 million barrels of oil pass through daily before the conflict, is not actually closed despite Iran's claims....
Commodities
Trump says oil companies are ‘making too much money.’ Their own balance sheets agree
Chevron reported its highest quarterly profit in six years on July 31, 2026, as analyst firm Wood Mackenzie estimates the global oil and gas...
Commodities
Ray Dalio says Bessent move is sign that a debt crisis is getting closer; recommends gold and bitcoin
Billionaire investor Ray Dalio believes the U.S. Treasury's debt buyback announcement by Secretary Scott Bessent fits into a pattern signaling an approaching crisis. The...
Commodities
U.S. military says it aided passage of 660 million barrels of oil through Strait of Hormuz since May
The U.S. military has facilitated the transit of more than 660 million barrels of crude oil and assisted some 1,300 commercial vessels through the...