Energy
Oil at $100 a barrel? U.S. role in Iran-Israel fight fuels market jitters
Oil prices jumped more than 7% on Friday, hitting their highest in months after Israel said it struck Iran, dramatically escalating tensions in the Middle East and raising worries about disrupted oil supplies. Eli Hartman | Reuters Oil markets are entering a new phase of uncertainty after the U.S. entered the war between Iran and […]
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Oil prices jump more than 2% after U.S. strikes on Iran raise fears of supply disruption
People watch from a bridge as flames from an Israeli attack rise from Sharan Oil depot, following Israeli strikes on Iran, in Tehran, Iran, June 15, 2025. Majid Asgaripour | Via Reuters Oil futures jumped more than 2% at the start of the first trading session since the U.S. launched direct attacks against Iran, casting […]
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Bitcoin sinks below $99,000 as U.S. strikes on Iran trigger crypto market sell-off
Bitcoin fell to its lowest level since May over the weekend, as rising tensions in the Middle East and renewed inflation fears triggered a sharp selloff across digital assets. Bitcoin dropped below the $99,000 mark on Sunday — its lowest point in more than a month — as the crypto market became the first to […]
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Shipping threats around Arabian Peninsula rising, largest global shipowners organization warns
Refrigerated containers of Maersk shipping lines are stacked at the container terminal of Bremerhaven port on April 22, 2025 in Bremerhaven, Germany. Focke Strangmann | Getty Images News | Getty Images The world’s largest direct-membership organization for shipowners, charterers, shipbrokers, and agents is warning that while it is still unclear how Iran will respond to […]
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Satellite images show activity at Iran’s Fordo nuclear facility before U.S. air strikes
Maxar Technologies, a U.S. defense contractor, released satellite imagery on Sunday showing activity at Iran’s Fordo nuclear facility prior to U.S. air strikes. The images of the secretive plant, which were collected on Thursday and Friday, depict truck and vehicle activity near to the entrance of the underground military complex. Located 300 feet under a […]
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Why electricity prices are surging for U.S. households
Key Points Electricity prices for households have risen quickly and are expected to outpace U.S. inflation in coming years, experts said. There are many supply and demand factors at play. Data centers are a major contributor to greater demand for electricity, while the U.S. also has an aging infrastructure for transmission and distribution of power, […]
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Tesla inks first deal to build China’s largest grid-scale battery power plant
Tesla has inked its first deal to build a grid-scale battery power plant in China amid a strained trading relationship between Beijing and Washington. The U.S. company posted on the Chinese social media service Weibo that the project would be the largest of its kind in China when completed. Utility-scale battery energy storage systems help […]
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Mineral-rich Greenland says it doesn’t want to become a great mining nation. Here’s why
Greenland’s minister for business and mineral resources Naaja Nathanielsen speaks during an interview with AFP in her office in Nuuk, Greenland, on March 6, 2025. Odd Andersen | Afp | Getty Images Greenland has little interest in harnessing its massive resource potential to become a top mining country. The world’s largest island has been thrust […]
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Japan is better prepared than the West for China’s rare-earth mineral squeeze
Bulldozer scoop soil containing various rare earth to be loaded on to a ship at a port in Lianyungang, east China’s Jiangsu province on September 5, 2010, for export to Japan. Str | Afp | Getty Images Japan has been quietly blazing a trail for supply chain resilience. Long before China in early April imposed […]
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DOJ seizes record $225 million in crypto tied to global ‘pig butchering’ scams
The Justice Department announced Wednesday the largest-ever U.S. seizure of cryptocurrency linked to so-called “pig butchering” scams that have cost victims billions globally. Federal prosecutors filed a civil forfeiture action targeting more than $225 million in cryptocurrency traced to a sprawling web of fraudulent investment platforms. Victims were tricked into believing they were investing in […]
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