Donald Trump, President of the United States, speaks during a press conference at the NATO Summit at the Presidential Complex in Ankara, Turkiye, on July 8, 2026. (Photo by Klaudia Radecka/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images President Donald Trump’s proposed 20% levy on ships passing through the Strait of Hormuz could…
Drone view of oil tanker HELGA berthed at one of Iraq’s southern offshore oil terminals near Basra as it prepares to load crude oil, becoming the second vessel to arrive since the closure of the Strait of Hormuz, April 24, 2026. Mohammed Aty | Reuters President Donald Trump’s plan to impose a 20% fee on…
In an aerial view, oil storage tanks are seen at the Sunoco LP Fuel Supply Terminal on June 15, 2026 in Austin, Texas. Oil held in the U.S. Strategic Petroleum Reserve has fallen to its lowest levels since 1983 as the Trump administration continues releasing emergency crude oil to help compensate for oil elevated fuel…
US President Donald Trump speaks during a Rose Garden Club event on the Rose Garden of the White House in Washington, DC, on July 6, 2026. Mandel Ngan | Afp | Getty Images President Donald Trump on Monday said the U.S. is “going to get paid for guarding” the Strait of Hormuz, the major oil-shipping…
NEW DELHI, INDIA – JULY 9: People are seen crossing a waterlogged road after the heavy rainfall at Gazipur Sabzi Mandi on July 9, 2026 in New Delhi, India. (Photo by Raj K Raj/Hindustan Times via Getty Images) Hindustan Times | Hindustan Times | Getty Images India’s consumer price inflation rose to 4.38% in June,…
Wall Street’s record-setting start to the week ran into two familiar sources of volatility: the artificial intelligence trade and oil. The Dow Jones Industrial Average on Monday closed above 53,000 for the first time ever before renewed U.S.-Iran tensions erased those gains, leaving the blue-chip index down 0.5% for the week. Chip stocks — once…
Donald Trump, President of the United States, speaks during a press conference at the NATO Summit at the Presidential Complex in Ankara, Turkiye, on July 8, 2026. (Photo by Klaudia Radecka/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images President Donald Trump threatened to “decimate and destroy” Iran if Tehran acts on threats to…
Cars stand in line for gasoline at a Lukoil gas station on July 8, 2026 in Nakhabino outside of Moscow, Russia. Russian cities are experiencing a shortage of automobile fuel caused by numerous Ukrainian drone attacks on oil refineries. Contributor | Getty Images News | Getty Images Ukraine has stepped up its attacks on Russian…
Global oil demand is set to decline for the first time since 2020 as the Iran war wreaked havoc with production and exports in the Middle East, the International Energy Agency (IEA) said Friday. World oil demand is set to decline by 1 million b/d year-on-year in 2026, which would mark its first annual decrease…
TEHRAN, IRAN – MARCH 10: Smoke rises among the residential buildings following an Israeli attack on Tehran, Iran on March 10, 2025. Israeli army’s announcement of a new wave of attacks on Tehran. (Photo by Fatemeh Bahrami/Anadolu via Getty Images) Anadolu | Anadolu | Getty Images Oil rose Thursday, after fresh strikes on Iran by…
