ICE Brent Crude (Oct'25)
S&P 500 rises as investors await possible Iran and U.S. ceasefire: Live updates
Traders work on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York on April 2, 2026. Charly Triballeau | Afp | Getty Images The S&P 500 rose on Monday following a winning week as oil prices pulled back, with traders weighing the odds that the U.S.-Iran war could […]
Read More
Oil prices rise as Trump warns Iran to open Strait of Hormuz by Tuesday or face ‘hell’
Satellite view of the Strait of Hormuz, a critical chokepoint for global energy supply, connecting the Persian Gulf to the Gulf of Oman. Gallo Images | Getty Images Oil prices rose on Sunday with U.S. crude topping $114 per barrel, after President Donald Trump gave Iran until Tuesday to open the Strait of Hormuz or […]
Read More
Soaring energy costs are rattling investors. Why the ‘food price shock’ could be worse
Surging energy prices amid the Iran war are worrying Wall Street, but UBS warned that higher food costs could follow. Since the start of the conflict in the Middle East, international Brent crude futures have surged 50%, while West Texas Intermediate futures have gained 66%. UBS economist Arend Kapteyn said the energy jump is subsequently […]
Read More
Asia-Pacific markets rise in Easter trade on hopes for Hormuz reopening
Asia-Pacific markets traded higher Friday, after news that Iran and Oman were drafting a protocol to “monitor transit” through the Strait of Hormuz raised hopes that the crucial waterway could partially reopen. Tanker traffic through the key oil-shipping route “should be supervised and coordinated” with the two countries, said Kazem Gharibabadi, Iran’s deputy foreign minister of […]
Read More
Brent oil spot price for actual cargo soars to $141, highest level since 2008 financial crisis
The spot price for current physical cargoes of Brent crude oil soared Thursday to $141.36, the highest level since the 2008 financial crisis, according to S&P Global, which tracks the data. The spot price reflects the demand for Brent oil that will be delivered in the next 10 to 30 days. The high price for […]
Read More
Trump’s Iran war speech paints a grim picture for oil markets with more than 600 million barrels at risk
President Donald Trump has doubled down on the U.S. war against Iran, spiking oil prices Thursday as traders prepare for a longer conflict that will exacerbate the already deep disruption to global energy supplies. The oil market had hoped Trump would present a clear exit strategy during his national address Wednesday night. Instead, the president […]
Read More
Trump’s Iran speech ignores the risks of a return to the 1970s: Analysis
Demonstrators hold posters of Ayatollah Khomeini outside the American Embassy which is occupied by ‘students following the Imam Khomeini’s line on November 16, 1979 in Tehran, Iran. Kaveh Kazemi | Hulton Archive | Getty Images “The hard part is done,” President Donald Trump said in his address to the nation Wednesday night about the Iran […]
Read More