Category: Iran

Attack on French Cargo Ship Highlights Continued Risks in Strait of Hormuz

U.S. Central Command and the ship’s owner disagreed on whether the vessel coordinated safe passage with the United States military.
Oil Falls and Stocks Gain as Trump Changes Course in Strait of Hormuz

Oil prices fell and stocks rose after President Trump’s about-face to pause the U.S. operation to escort commercial ships through the Strait of Hormuz
Maersk Ship Passed Strait of Hormuz Under U.S. Military Protection

A U.S.-flagged ship operated by a Maersk subsidiary exited under American military guidance, part of President Trump’s effort to encourage ships to pass the Strait of Hormuz.
Oil Prices Slide but Remain Elevated as Middle East Tensions Escalate

Oil prices fell, giving back some of the gains from the previous day as attacks in the Middle East raised concerns about the war starting again.
U.S. Warns China Over Iranian Oil as Sanctions Fight Intensifies

China told its independent refineries to disregard U.S. sanctions over their purchases of Iranian crude.
Oil Prices Fall While Stock Futures Inch Up

Oil prices fell and futures on the S&P 500 rose slightly on Sunday as investors reacted to continued uncertainty about the war in Iran.
Oil Cools Slightly After a 4-Year High

The price of Brent crude, the international benchmark, dipped more than 2 percent a day after it rose above $120 a barrel in volatile trading.
Why U.S. Oil Companies Are Not Plugging the World’s Energy Gap

American producers are under pressure from investors to keep spending in check, and they are wary of drilling more wells because they are not sure oil prices will stay high.
Oil Companies’ Huge Profits Revive Calls for Temporary Windfall Taxes

European nations imposed temporary taxes in the 2022 energy shock when Russia invaded Ukraine, but whether they can effectively help households is up for debate.
Oil Prices Soar as Iran Standoff Shows No End in Sight

Oil prices push higher, approaching another wartime high, as President Trump asserted that the naval blockade of Iran’s ports would persist.
U.S. Gas Prices Climb Further as Effects of War Reverberate

The national average price of a gallon of gasoline hit $4.23, following oil prices upward as supplies from the Middle East remain disrupted.
Loss of Emirates Further Weakens OPEC’s Influence

The exit of the United Arab Emirates is the most significant in a series of departures from the oil cartel in recent years.