OPEC Secretary-General Haitham al-Ghais speaks during a panel at the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) in Abu Dhabi on November 4, 2024. (Photo by FADEL SENNA / AFP) (Photo by FADEL SENNA/AFP via Getty Images) Fadel Senna | Afp | Getty Images OPEC Secretary General Haitham al-Ghais on Thursday dismissed the International…
U.S. President Donald Trump attends a press conference during the G7 Leaders’ Summit on June 17, 2026 in Evian-les-Bains, France. Anna Moneymaker | Getty Images News | Getty Images President Donald Trump on Thursday lashed out at criticism over the terms of the interim U.S.-Iran peace deal, saying those who think he hasn’t been tough…
Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 15, 2026. Stringer | Reuters It will take weeks to clear the backlog of ships in the Strait of Hormuz, industry executives and shipping experts have warned, as the critical waterway is set to reopen. Oil prices initially dipped below $80 per barrel…
Imen Ben Youssef | Afp | Getty Images Oil prices declined Thursday after President Donald Trump reportedly signed ​a deal ​with his Iranian counterpart Masoud Pezeshkian to end the ​war in the Middle East, while the International Energy Agency flagged a supply glut next year. International benchmark Brent crude futures for August dropped 1.13% to $78.65 a barrel. U.S. West…
The oil supply shock caused by the Iran war has eroded global demand for crude — but a lasting resolution to the conflict could drive a surge in supply volumes and trigger a major oil overhang next year, the International Energy Agency said on Wednesday. In its latest monthly oil market report, the IEA slashed…
A person shields themselves from the rain while walking near the Bank of England building on the day the Monetary Policy Committee lowered interest rates, in London, Britain, Dec.18, 2025. Toby Melville | Reuters U.K. inflation held at 2.8% in May, slightly below expectations, official figures showed on Wednesday. Economists polled by Reuters had been…
In this screen grab from a video released by U.S. Central Command, U.S. forces operating in the Arabian Sea enforced naval blockade measures against an Iranian-flagged cargo vessel attempting to sail toward an Iranian port on April 19, 2026 in the Arabian Sea. U.S. Central Command | Getty Images At least three Iranian tankers carrying…
President Donald Trump on Tuesday signaled that he’s open to sending details of the agreement with Iran to members of Congress, as lawmakers from both parties are raising questions, asking to see the accord and saying they should vote on any final deal. Arriving at a bilateral meeting in France with United Arab Emirates President…
Oil prices fell to their lowest level in three months on Tuesday, following Monday’s sharp sell-off, as investors continue to await further details on the U.S.-Iran agreement to bring the Middle East conflict to an end. Brent crude futures, the international price benchmark, were 1.25% lower at $82.13 as of 4:00 a.m. ET. U.S. West…
Michele Bullock, governor of the Reserve Bank of Australia (RBA), attends a news conference at the bank’s head office in Sydney, Australia, on Tuesday, Dec. 9, 2025. Australia’s central bank kept its key interest rate unchanged for a third straight meeting in a widely expected decision, while reiterating that future moves will hinge on incoming…
