Oil prices extended their sharp selloff Tuesday as hopes for a diplomatic breakthrough with Iran continued to outweigh fears of another spike in fighting, easing pressure...
Oil prices tumbled Monday after the United States and Iran avoided direct military strikes for a third straight day, fueling hopes that diplomacy could prevent a...
Oil prices surged Thursday to their highest level in weeks after the latest escalation in the Iran conflict rattled global energy markets and fueled fears of...
Iraq and Syria have signed a cooperation agreement to reconstruct the long-defunct Kirkuk-Baniyas crude oil pipeline, which would connect northern Iraq’s oil fields to Syria’s Mediterranean...
Oil prices climbed Thursday after Iran escalated its fight with the United States and reportedly told Yemen’s Houthis to prepare to shut down a major Red...
The U.S.-Iran ceasefire is falling apart as President Donald Trump’s military launched another punishing wave of strikes on Iranian targets near the Strait of Hormuz, the...
Inflation cooled sharply in June, delivering the biggest one-month drop in consumer prices since the early days of the pandemic as energy costs briefly fell after...
President Donald Trump announced Monday that the United States will begin charging a fee for safe passage through the Strait of Hormuz, declaring America the new...
The United States on Tuesday, July 7, revoked a temporary general license that had authorized the sale of Iranian oil. The action by the Department of...
President Donald Trump announced Monday that the U.S. and Iran are set to hold fresh talks Tuesday in Doha, Qatar, after a weekend of military hostilities...
U.S. Central Command (CENTCOM) stated on Saturday that commercial ship traffic through the Strait of Hormuz increased that day while U.S. forces operated in the area...
Shipping traffic through the vital Strait of Hormuz has shown a measurable increase following the signing of a memorandum of understanding (MOU) between the United States...
Iranian President Masoud Pezeshkian publicly acknowledged his country has taken hits from U.S. attacks, urging officials to level with the public instead of pushing rosy talking...
In a notable development amid ongoing U.S.-China trade frictions and Middle East tensions, Chinese President Xi Jinping has expressed interest in purchasing more American oil, according...
The U.S. Treasu y Department on Monday announced sanctions against three individuals and nine companies involved in facilitating Iran’s shipment of oil to China. The designations,...
President Donald Trump said Monday the U.S. ceasefire with Iran is “on life support” after Tehran sent what he called an “unacceptable” counterproposal to Washington’s plan...
President Donald Trump said Monday he wants to temporarily scrap the federal gas tax as Americans get hammered by rising fuel prices tied to the Iran...
President Donald Trump cranked up the pressure on Iran early Wednesday, posting a blunt warning on Truth Social as the U.S. blockade around the Strait of...
The United Arab Emirates is breaking away from OPEC, announcing Tuesday it will exit the oil cartel effective May 1 in a move that could shake...
Oil prices plunged and stocks rallied Friday after Iran’s foreign minister said the Strait of Hormuz is “completely open,” a headline shift that traders read as...
The U.S. military says its blockade of Iranian ports is already choking off maritime traffic, turning back multiple oil tankers and stopping all ship movement in...
President Donald Trump announced Sunday announced that the United States Navy will immediately begin blockading the Strait of Hormuz, marking a dramatic escalation in tensions with...
Oil traffic through the Strait of Hormuz remains largely frozen despite a U.S.-brokered ceasefire that was supposed to reopen the vital shipping lane, fueling new questions...
Chevron Corporation is currently importing an average of 250,000 barrels per day of Venezuelan crude oil into the United States. The massive uptick in production comes...
President Donald Trump warned that “a whole civilization will die tonight” as U.S. forces launched fresh strikes on Iranian targets and his 8 p.m. ET ultimatum...
President Donald Trump gave what was arguably his most pointed threat to the Iranian regime in a Truth Social post on Sunday, which came just a...
During a press gaggle aboard Air Force One Sunday night, President Donald Trump stated that Iran would allow 20 additional oil tankers to transit the Strait...
President Trump said Iran has offered what he called a “significant prize” as talks aimed at winding down the conflict continue, revealing Thursday that Tehran “gifted”...
The United Kingdom’s Royal Navy is reportedly preparing to take a leading role in a multinational coalition aimed at reopening the Strait of Hormuz, a vital...
While speaking with reporters in the Oval Office on Tuesday, President Donald Trump provided a hopeful development on the ongoing discussions with elements of the Iranian...
A massive explosion tore through the Valero refinery in Port Arthur on Monday, sending a towering column of black smoke into the sky and triggering a...
Wall Street roared back Monday after President Trump hit pause on his ultimatum to Iran, easing fears of a wider war and sending stocks soaring. The...
President Trump hit pause on planned U.S. strikes targeting Iran’s power grid, signaling a possible off-ramp from a fast-moving crisis that had global markets on edge....
President Donald Trump announced Wednesday evening that the U.S. was not given prior knowledge on Israel’s strikes targeting a vital Iranian gas field, which was responded...
President Donald Trump is temporarily suspending a key U.S. shipping rule as the Iran conflict tightens its grip on global energy markets. The White House confirmed...