The Ateela 2 Oil Tanker boat navigates the sea on April 28, 2026 on Qeshm Island, Iran in the Strait of Hormuz. Asghar Besharati | Getty Images Oil prices tumbled after President Donald Trump said the U.S. has completed a deal with Iran to reopen the Strait of Hormuz. U.S. crude oil futures for July…
An employee of Basra Oil Company, works at the Nahr Bin Umar Oil and Gas Field on the outskirts of the southern Iraqi city of Basra on April 29, 2026. Hussein Faleh | Afp | Getty Images Oil and gas giants benefited significantly from their trading desks through the first quarter, shining a light on…
Vessels in the Strait of Hormuz, Musandam, Oman, May 8, 2026. Stringer | Reuters The world’s energy system will change in big ways as a result of the Iran war, the CEOs of key oil and gas companies told investors on their earnings calls over the past two weeks. Iran’s blockade of the Strait of…
The Shell gas logo is displayed at a gas station on April 27, 2026 in Austin, Texas. Brandon Bell | Getty Images British energy major Shell on Thursday reported stronger-than-expected first-quarter profit as the Iran war sent energy prices soaring. The oil giant posted adjusted earnings of $6.92 billion for the first three months of…
Ferrari SF90 XX Spider limited edition plug in hybrid supercar parked on the pavement as a red Ferrari passes on Bond Street on 4th January 2026 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images A global base oils shortage is starting to filter through to drivers of luxury cars, with analysts…
The Shell gas station logo is displayed on February 13, 2025 in Austin, Texas. Brandon Bell | Getty Images News | Getty Images British oil major Shell on Monday said it agreed a deal to buy Canadian energy company ARC Resources in a deal valued at $16.4 billion. The transaction will add roughly 370,000 barrels…
BP logos are seen at a BP petrol and diesel filling station southeast of London on June 15, 2020. BEN STANSALL | AFP | Getty Images LONDON — British energy major BP suffered a shareholder revolt at its annual general meeting on Thursday, following a tense clash with investors over corporate governance and climate transparency….
A month into the worst oil supply disruption since the 1970s Arab embargo, the economic pain spreading across Asia is reviving an uncomfortable question: Could this be 1997 all over again? The parallels are hard to ignore. Asian currencies are under pressure, fueling the risk of capital outflows. Spiking energy costs have pushed governments to…
WASHINGTON, DC – APRIL 06: U.S. President Donald Trump speaks alongside Central Intelligence Agency Director John Ratcliffe (L) and U.S. Secretary of War Pete Hegseth (R) during a news conference in James S. Brady Press Briefing Room of the White House on April 06, 2026 in Washington, DC. Alex Wong | Getty Images News |…
Traders work on the floor of the New York Stock Exchange during morning trading on April 02, 2026 in New York City. Michael M. Santiago | Getty Images LONDON — European stocks are expected to open sharply higher on Wednesday after the U.S. and Iran agreed to a conditional ceasefire deal. The U.K.’s FTSE 100…
