Oil prices are likely to remain volatile as long as the United States and Iran are unable to resolve the status of the Strait of Hormuz.
Category: Oil (Petroleum) and Gasoline
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Oil Prices Jump After Trump Says Deal With Iran Is ‘Over’
Attacks on ships in the Strait of Hormuz sparked a new cycle of retaliation that could throttle the flow of energy from the region.
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Oil Prices Jump After Renewed Strikes in Gulf Put Shipping Recovery at Risk
Attacks on ships in the Strait of Hormuz sparked a new cycle of retaliation that could throttle the flow of energy from the region.
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New Strikes on Ships in Strait of Hormuz Test U.S.-Iran Cease-Fire
A U.S. official said Iranian missiles struck two commercial ships. There was no immediate comment from Iranian officials on the reported attacks.
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Gas Stations Gain When Oil Prices Start to Drop
President Trump is berating gasoline retailers for keeping prices high. Evidence suggests the business has grown more profitable.
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Ships Are Moving In and Out of the Persian Gulf, Easing Oil Prices
A recovery in oil flows from the Persian Gulf and a pledge by OPEC Plus to pump more crude have put downward pressure on energy prices.
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OPEC Plus Pledges to Pump More Even as Oil Prices Fall
The cartel’s decision comes as U.S.-Iran talks to end the war have eased pressure on oil supplies, even as broader market and political volatility persists.
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BMW Will Build a New Electric S.U.V. in South Carolina
The German company is doubling down on electric vehicles even as other automakers pull back after acknowledging billions of dollars in losses.
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Oil Prices Hold Steady as Iran and U.S. Prepare for Talks
Iran and the United States were set for further talks after a spurt of hostilities had underscored the uncertainty surrounding attempts to strike a lasting peace deal.
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China Emerges as a Relative Winner From Strait of Hormuz Crisis
A report examines how the war in Iran has weighed on Asian economies, but left China in a more advantageous position.