U.S. weighs releasing sanctioned Iranian crude

Oil prices rose as much as 3% on Thursday after Iran attacked several energy facilities across the Middle East following a strike on its South Pars gas field. Dwayne Schnell | 500px Plus | Getty Images U.S. oil prices extended their decline Friday after Treasury Secretary Scott Bessent said Washington may soon lift sanctions on Iranian…

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What an attack means for oil markets

A general view of the Port of Kharg Island Oil Terminal, 25 km from the Iranian coast in the Persian Gulf and 483 km northwest of the Strait of Hormuz, in Iran on March 12, 2017.  Fatemeh Bahrami | Anadolu | Getty Images President Donald Trump’s order to strike Iranian military assets on Kharg Island…

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global food price shock looms. Who will be hit?

Mediterranean | E+ | Getty Images The Middle East conflict has disrupted trade through the Strait of Hormuz and its impact could ripple far beyond the energy markets, risking a spike in global food prices. The strait is not only a key artery for oil and gas shipments but also for fertilizers critical to global…

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Gold surges past $5,000 to a fresh record

One kilogram gold bars stacked at the Perth Mint Refinery, operated by Gold Corp. Matt Jelonek | Bloomberg | Getty Images Gold climbed to a fresh all-time high, crossing $5,000 an ounce on Monday and extending its record-breaking run as investors seek the safety of the yellow metal amid rising geopolitical tensions and global fiscal…

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