The Texas Voyager oil tanker sits anchored off the coast of Chevron’s El Segundo Refinery in El Segundo, California on March 4, 2026. Patrick T. Fallon | Afp | Getty Images The Trump administration on Friday announced a $20 billion reinsurance program for oil tankers and other maritime traffic in an effort to get vessels…
President Donald Trump is ready to use the U.S. Navy to escort oil tankers through the Strait of Hormuz as the war against Iran rages, but providing safe passage to the volume of traffic that typically passes through the waterway will prove challenging. U.S. oil prices have surged 28% to above $86 a barrel this…
Oil prices jumped to their highest levels in months on Monday as Iran and Israel escalated attacks in the Middle East, disrupting shipments from the region. Bloomberg Creative Photos | Bloomberg Creative Photos | Getty Images Oil prices rose on Friday morning, wiping out an earlier dip that had boosted sentiment in international equity markets….
This photograph shows a page on the Marinetraffic website thats shows commercial ship traffic on the edge of the Strait of Hormuz near the Iranian coast on March 4, 2026. Julien De Rosa | Afp | Getty Images After slapping 25% “penalty” tariffs on India for buying Russian crude — revoked last month — the…
President Donald Trump will haul big technology companies into the White House on Wednesday to sign a pledge that they will supply their own power for artificial intelligence data centers, as anger grows across the U.S. over rising electricity prices ahead of the midterm elections. Trump has embraced the artificial intelligence industry as an engine…
A prolonged surge in natural gas prices triggered by the ongoing war in the Middle East risks denting European growth and hitting some Asian economies hard, analysts have warned. Global gas prices have soared this week amid fears of a lengthy disruption to energy flows through the Strait of Hormuz — a key shipping route…
Apple introduces iPhone 17e Source: Apple Inc. Apple opened its week of product launches on Monday morning with a refreshed low-cost iPhone and a faster iPad Air, as it begins what looks to be a broader multi-day hardware push. The headline device is the new iPhone 17e, a budget model in the iPhone 17 lineup…
A liquefied natural gas (LNG) tanker on a digital screen at the Qatar Economic Forum (QEF) in Doha, Qatar, on Tuesday, May 20, 2025. Christopher Pike | Bloomberg | Getty Images QatarEnergy said Monday that it had halted liquefied natural gas production due to attacks by Iran on its operating facilities. QatarEnergy is one of…
A cargo ship is pictured off coast city of Fujairah, in the Strait of Hormuz in the northern Emirate on February 25, 2026. Giuseppe Cacace | Afp | Getty Images Crude oil prices are expected to jump when trading opens Sunday evening, as market participants fear war between the U.S. and Iran will spiral out…
The joint U.S. and Israeli attack on OPEC member Iran risks a major oil supply disruption in the Middle East that, in a worst-case scenario, could trigger a global economic recession. Iran is the fourth-largest oil producer in OPEC at just over 3 million barrels per day in January. The Islamic Republic shares a coastline…
