Oil prices fell sharply Tuesday after Treasury Secretary Scott Bessent indicated there may be a deal to open the key Strait of Hormuz as soon as this week. Brent, the international oil benchmark, slid 5% to $79.51 per barrel. West Texas Intermediate futures lost 5.7% to settle at at $75.77. “We are in talks with…
Oil well pumpjacks at work in the oil fields of North Dakota. John Coletti | Photodisc | Getty Images Oil prices were 4% higher on Wednesday morning following the 11th consecutive round of U.S. strikes against Iran overnight, as Secretary of State Marco Rubio said the Strait of Hormuz remains a sticking point between the…
The ‘Al-Riqqa’ oil tanker (L) and ‘Al-Yarmouk’ oil tankers sail in the Arabian Gulf waters, off the coast of Kuwait City on June 27, 2026. (Photo by YASSER AL-ZAYYAT / AFP via Getty Images) / Yasser Al-zayyat | Afp | Getty Images President Donald Trump again threatened Iran on Sunday with annihilation following U.S. attacks…
President Donald Trump speaks during a Cabinet meeting in the Cabinet Room at the White House, in Washington, May 27, 2026. Evan Vucci | Reuters President Donald Trump this week said a sweeping peace deal with Iran could be signed very soon, echoing dozens of similar claims he has made over nearly three months. The…
U.S. Rep. Ritchie Torres, a Democrat from New York, during an interview in New York, Jan. 28, 2025. Victor J. Blue | Bloomberg | Getty Images U.S. Rep. Ritchie Torres, D-N.Y., on Wednesday called for a federal probe into suspicious trading activity in oil and equity futures markets just before President Donald Trump‘s announcement of…
President Donald Trump prepares to board Air Force One en route to Florida, at Pope Army Airfield at Fort Bragg, North Carolina, Feb. 13, 2026. Elizabeth Frantz | Reuters President Donald Trump said Friday that he is considering limited military strikes to pressure Iran over its nuclear program. “I guess I can say I am…
Venezuela has assured Beijing that its oil pricing will not be dictated by the U.S. and that Chinese investment in the South American country remains secure, according to state media. Speaking at a press briefing Tuesday, Remigio Ceballos, Venezuelan ambassador to China, dismissed reports that Washington would influence the price China pays for Venezuelan crude,…
Oil prices fell 3% on Thursday after comments from U.S. President Donald Trump calmed fears that an American strike on Iran could be imminent. Brent crude oil futures, the global benchmark, dipped by 2.8%, or $1.87, to settle at $64.63 a barrel. Front-month West Texas Intermediate crude lost $1.79, or 2.9%, to trade at $60.23…
President and CEO of Saudi’s Aramco, Amin H. Nasser, speaks during the Future Investment Initiative (FII) in Riyadh, Saudi Arabia October 29, 2024. Hamad I Mohammed | Reuters Think of Saudi Arabia and the first thing that comes to mind might be its massive, oil-derived wealth. While oil continues to drive Saudi Arabia’s economy, the…
Passive investing through exchange-traded funds may be losing its appeal. Tidal Financial Group Chief Revenue Officer Gavin Filmore finds many of his clients are no longer satisfied with buying popular ETFs tied to market indexes. “I think investors are looking beyond just the let’s call it the ‘VOO and chill approach’ where you just buy…
