The Callisto tanker sits anchored in Port Sultan Qaboos as the traffic is down in the Strait of Hormuz, amid the U.S.-Israeli conflict with Iran, in Muscat, Oman, March 12, 2026. Benoit Tessier | Reuters Oil prices rose Monday as the deadlock in Iran-U.S. peace talks fans fears of an extended supply crunch, while experts…
A general view of the Hong Kong skyline in fog on March 29, 2026 in Hong Kong, China. Sawayasu Tsuji | Getty Images News | Getty Images Asia-Pacific markets fell Monday as investors weighed renewed geopolitical tensions after U.S. President Donald Trump warned Iran to “get moving, FAST,” raising fears of further escalation in the…
U.S. President Donald Trump speaks to the media aboard Air Force One on May 15, 2026 as he returns to the United States. Alex Wong | Getty Images President Donald Trump on Sunday threatened Iran to “get moving,” or seemingly face new consequences. “For Iran, the Clock is Ticking, and they better get moving, FAST,…
An aerial photograph shows the Greek-flagged crude oil tanker “Asahi Princess” off the coast of the Syrian Baniyas port refinery, along the Mediterranean Sea on on April 15, 2026. Bakr Alkasem | Afp | Getty Images Ahead of a meeting of finance ministers from the Group of Seven developed economies in Paris on Monday, a…
China and the United States have provided critical support to the oil market and helped ease the huge supply disruption in the Middle East and kept energy prices from surging even higher. The oil market has lost about 10 million barrels per day (bpd) of exports from the Persian Gulf due to Iran’s blockade of…
A truck drives past an ADNOC Gas a subsidiary of the Abu Dhabi National Oil Company facility in Abu Dhabi on March 3, 2026. Ryan Lim | AFP | Getty Images The United Arab Emirates’ decision to leave OPEC and OPEC+ was based on the country’s economic vision and not on politics, the country’s energy…
Don’t look now, but the pain from high energy prices might be about to bite Americans twice. With no end in sight to the war in Iran and oil prices stuck above $100 a barrel, bond traders worried about inflation have sold off long-term government debt in the U.S. and developed economies in recent days….
Global oil inventories are falling at a record pace to compensate for the big supply disruption in the Middle East and they will approach critical levels if the Strait of Hormuz does not reopen. Higher prices for oil and fuel are likely ahead of peak demand this summer as a consequence, the International Energy Agency…
Russian President Vladimir Putin and Chinese President Xi Jinping pose for photos before their meeting in Beijing, China September 2, 2025. Sergey Bobylev | Via Reuters Russian President Vladimir Putin will meet his Chinese counterpart Xi Jinping in Beijing from May 19-20th, Moscow and Beijing said on Saturday. The meeting will take place less than…
China will ramp its crude oil imports from the United States because the world’s two largest economies are natural trade partners when it comes to energy, Chris Wright told CNBC on Friday. China is the largest oil importer in the world and the U.S. is the biggest producer. “There’s a natural energy trade there,” the…
