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….
The Damac Heights real estate development, right, in the Dubai Marina in Dubai, United Arab Emirates, on Friday, Feb. 20, 2026. Bloomberg | Bloomberg | Getty Images The United Arab Emirates is considering cutting off Iranian access to billions of dollars held in the Gulf state, the Wall Street Journal reported Thursday. The move could…
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…
Smoke rises from an Israeli strike targeting the southern suburbs on March 5, 2026 in Beirut, Lebanon. Daniel Carde | Getty Images Asia-Pacific markets were mixed Friday, tracking Wall Street losses overnight, as the Iran conflict sends energy prices higher. Overnight, oil prices broke through the $80 per barrel mark, although Brent futures dipped slightly…
Speaker of the House Mike Johnson, R-La., speaks with the media on the day of classified briefings for the Senate and House of Representatives on the situation in Iran, on Capitol Hill in Washington, March 3, 2026. Kylie Cooper | Reuters The House of Representatives on Thursday rejected a war powers resolution to restrict President…
U.S. crude oil prices on Thursday broke above $79 per barrel after Iran claimed to have attacked a tanker. The price of West Texas Intermediate oil was last up 6.86%, or $5.12, at $79.78 per barrel, while global benchmark Brent rose 4.31%, or $3.51, to $84.91 per barrel at 11:30 a.m. ET. Oil prices have…
The war in Iran has caused oil prices to spike, prompting concerns about a resurgence of inflation. That has led Federal Reserve officials to raise the possibility that they may pause the Fed’s recent efforts to lower interest rates, or potentially even raise rates. But that is the Fed as it’s now known. The central…
U.S. President Donald Trump speaks during a roundtable meeting on the administration’s “ratepayer protection pledge” in the Indian Treaty Room at the White House on March 4, 2026 in Washington, DC. Win McNamee | Getty Images LONDON — European stocks were in the red again on Thursday as market participants followed geopolitical developments in the…
A plume of smoke rises after a strike on the Iranian capital Tehran, on March 3, 2026. Atta Kenare | Afp | Getty Images Since the U.S. and Israel launched surprise strikes on Iran last weekend, Washington has been keen to stress that the military action will be over in a matter of weeks and…
