Finance ministers for the seven industrialized countries met on Monday and said they would consider releasing oil from reserves but were not ready to do so now.
Category: Strait of Hormuz
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Investors and Trump Face an Iran Dilemma
A spike in oil prices has roiled stocks and bonds again and threatens to accelerate inflation — adding pressure on the White House.
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Oil Prices Spike Over $110 a Barrel, Highest Since Pandemic
The jump was a sign of growing concern that the war in the Middle East will take a toll on energy supplies.
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Stocks Tank in Asia as Oil Price Surges
Asian markets tumbled on Monday as Middle East tensions and spiking oil prices sparked a mass exit from the region’s previously booming stocks.
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Oil and Natural Gas Prices Extend Rally as Iran Attacks Escalates
Energy prices continued to rise on Tuesday as attacks by the United States and Israel on Iran intensified, along with the country’s response.
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Trump’s ‘Whatever It Takes’ Rattles Global Markets
President Trump has signaled that he is open to the idea of a prolonged military conflict with Iran. Investors are spooked by that scenario.
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Oil Shipments in Persian Gulf Already Disrupted by Iran Attack
Tankers have begun to steer clear of the region and the Strait of Hormuz, threatening to push up energy prices.
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Iran Releases Tanker It Seized From the Strait of Hormuz
The ship had lost contact with its managers while traveling near Iran on its way to Singapore last week. All 21 members of the crew are safe.
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White House Faces Risk of Economic Fallout From Iran Strike
President Trump, aware of how high gas prices could affect his popularity, demanded on social media that the U.S. “KEEP OIL PRICES DOWN.”
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Oil Markets on Edge After American Bombing of Iran
Fighting has the potential to disrupt oil markets, but a move by Iran to cut off supply would chiefly hurt China, the biggest buyer of Iranian oil.
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The Markets Are Balancing on a Knife’s Edge
The world has been anything but peaceful, but you wouldn’t know that from looking at the markets.