Iran has wielded crude as a cudgel on a scale unseen in decades, marking a new phase in the 21st-century competition for dominance.
Emerging economies have been hard-hit by the war in Iran. Buy these markets on the dip.
Tehran's Houthi allies in Yemen have ramped up their threats after bottling up shipping for years.
It isn't just cars and airplanes. Oil is a key ingredient in thousands of common products.
Egypt will settle $1.3 billion in arrears to international oil companies by June, ​the petroleum ministry said on Saturday, accelerating its previous ‌timetable for repayments.
It will be tough for Wall Street to rebound until energy prices subside. Value stocks and Big Tech could hold up well, though.
A bulletproof U.S. economy has shot past a series of shocks since the 2020 pandemic and grown for five straight years, but soaring oil prices tied to the Iran war have emerged as a potential trigger f
Indian refiners plan to ​resume buying Iranian oil while refiners elsewhere in Asia are examining such a move after Washington temporarily removed sanctions ‌to alleviate an energy crunch caused b
Mounting short interest in the United States Oil Fund suggest that traders are hedging their bets as prices top $100 a barrel. At the very least, that could mean continued volatility.
The ​United States ‌on Friday gave ​a ​30-day authorization for ⁠the ​delivery ​and sale of crude ​oil ​and petroleum products ‌of ⁠Iranian-origin loaded vessels, according ​to
The U.S. Energy ​Department said ‌it had awarded contracts ​to loan ​45.2 million barrels ⁠of oil ​from the ​Strategic Petroleum Reserve(SPR) as of ​Friday.
Three weeks into the “four to five week” U.S.-Israeli war in Iran, the long-term implications for oil markets and economies are coming into focus.
UBS analysts have increased their near-term oil price forecasts, citing an escalating conflict in the Middle East and the extended closure of the Strait of Hormuz. The analysts now expect Brent crude
Mexican state-run oil firm Pemex (PEMX.UL) ​is waiting to see how oil ‌prices behave in the mid-term before altering its strategy on crude exports, Finance ​Minister Edgar Amador told Reuters �
Iran wants the U.S. and Israel to stop the military operation before the country will be ready to discuss the reopening of the world's key oil route.
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