China has called the U.S. blockade of Iranian ports in the Strait of Hormuz a “dangerous and irresponsible act” that will further enflame tensions in the region. The Ministry of Foreign Affairs said Tuesday that the targeted blockade of the vital shipping channel, which began at 10:00 a.m. ET on Monday, coupled with an increase…
Lightning occurs when META 4, an Oil Products Tanker, sails into Muscat Anchorage on March 21, 2026 at Sultan Qaboos Port in Muscat, Oman. Elke Scholiers | Getty Images President Donald Trump ordered a naval blockade of the Strait of Hormuz on Sunday, dimming hopes for a quick end to the conflict in the Middle…
Oil tankers and gas tankers were affected by the closure of the Strait of Hormuz, leading to a global energy crisis stemming from the war in the Middle East. Photos For You | Moment | Getty Images Crude oil prices surged on Sunday, as the U.S. Navy prepares to impose a blockade on Iran’s ports…
U.S. President Donald Trump speaks to reporters before boarding Air Force One on April 10, 2026 at Joint Base Andrews, Maryland. Win McNamee | Getty Images President Donald Trump on Sunday said the U.S. will blockade the Strait of Hormuz after talks held in Pakistan to end the Iran war hit the skids. “Effective immediately,…
Samuel Boivin | Nurphoto | Getty Images The White House last month warned staff in an email not to make prediction markets bets related to the Iran war, a Trump administration official confirmed Friday. The warning came amid increasing concern about insider trading on prediction markets such as Polymarket after a series of suspiciously timed…
A general view of Navigator Terminals, an Oil storage depot along the River Thames on March 10, 2026 in London, England. Dan Kitwood | Getty Images News | Getty Images The fluctuating price of dated Brent, the global benchmark for real-world barrels of crude, has prompted energy analysts warn to that acute stress in the…
HUAIAN, CHINA – MARCH 09: Vehicles queue at a petrol station on March 9, 2026 in Huaian, Jiangsu Province of China. Zhao Qirui | Visual China Group | Getty Images China’s factory-gate prices rose for the first time in more than three years while consumer inflation moderated in March, amid a surge in oil prices…
U.S. Treasury yields were down sharply early Wednesday following the announcement of a two-week ceasefire in the Middle East conflict. Yields on the 10-year U.S. Treasury note — the benchmark for government borrowing —plummeted more than 10 basis points to 4.2399% Shorter- and longer-dated yields were also scythed as investors piled into U.S. bonds. The…
Oil prices plunged Tuesday evening, after President Donald Trump agreed to suspend attacks on Iran for two weeks in exchange for Tehran allowing safe passage through the Strait of Hormuz. The West Texas Intermediate contract for May delivery fell more than 16% to $94.47 per barrel by 8:03 p.m. ET. International benchmark Brent for June…
President Donald Trump on Tuesday sharply ramped up his threats against Iran, warning “a whole civilization will die tonight” unless the country’s leadership strikes a deal that includes reopening the Strait of Hormuz. The threat came after U.S. forces overnight struck military targets on Kharg Island, Iran’s main oil export terminal, a White House official…
