Crude oil prices fell more than 4% on Sunday after President Donald Trump indicated that talks with Iran to reopen the Strait of Hormuz are advancing, though he said the U.S. would not rush a deal. West Texas Intermediate futures fell about 5% to $91.65 per barrel by 7:13 p.m. ET. International benchmark Brent futures…
A ship remains anchored on May 16, 2026 in the Strait of Hormuz near Larak Island, Iran. Negotiations between the U.S. and Iran over opening this critical waterway have largely stalled as the countries have rejected each other’s proposals to end the war that began when the U.S. and Israel attacked Iran on February 28….
U.S. drivers will pay gasoline prices near four-year highs when they fuel up for travel over the long Memorial Day weekend and should expect more pain at the pump this summer if the Strait of Hormuz does not reopen. The average gasoline price stood at $4.55 per gallon on Friday, an increase of more than…
A view of the Syncrude refinery at its Mildred Lake facility, which has a capacity of bitumen conversion to synthetic crude oil of 350,000 barrels per day, in the Wood Buffalo municipality of Alberta, Canada, on May 5, 2026. Daphne Lemelin | Afp | Getty Images Alberta Premier Danielle Smith has announced plans for the…
An Iranian flag flutters in the wind as ships remain anchored on May 16, 2026 in the Strait of Hormuz near Larak Island, Iran. Majid Saeedi | Getty Images News | Getty Images The U.S. and Iran have signaled progress in talks to end the war, but the combatants remain at loggerheads over Tehran’s enriched…
Cuban President Miguel Diaz-Canel and U.S. President Donald Trump. Sergey Bobylev | Nathan Howard | Reuters Cuban President Miguel Díaz-Canel on Tuesday condemned U.S. sanctions on the country as “immoral, illegal, and criminal,” lashing out at prolonged economic pressure on the communist-run island as tensions escalate. In a social media post on X, Díaz-Canel said…
APA Corporation’s Beryl Alpha oil platform in the North Sea. Courtesy: APA Corporation Oil prices fell Tuesday after U.S. President Donald Trump said he would postpone a planned military strike on Iran following requests from key Middle Eastern leaders, easing fears of an imminent escalation that could disrupt global crude supplies. International benchmark Brent crude futures for…
Gautam Adani, chairman of Adani Group, visits the VIP jetty ghat during the Kumbh Mela festival in Prayagraj, Uttar Pradesh, India, on Jan. 21, 2025. Photographer: Indranil Aditya/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images The legal woes of Indian billionaire Gautam Adani in the U.S. are nearing an end as authorities move…
An Android character is displayed in front of a building on the Google headquarters campus on July 23, 2025 in Mountain View, California. Justin Sullivan | Getty Images Alphabet‘s stock is up 140% over the past year, with a cloud business that is growing faster than Amazon’s and Microsoft’s. But 18 months ago, the Google…
Budrul Chukrut | Lightrocket | Getty Images NextEra Energy will buy Dominion Energy in an all-stock deal that unites two leading players in the race to meet growing electricity demand from data centers that run artificial intelligence applications. The deal will create the largest regulated electric utility in the world, the companies said Monday. NextEra…
