Marathon Petroleum Corp
Oil surges over 7% despite record reserve release announcement as markets doubt supply relief
A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. Lucy Nicholson | Reuters Oil prices surged more than 7% Thursday, as traders appear to be unconvinced that government stockpiles can offset the massive supply shock triggered by the war in the Middle East. The West Texas Intermediate jumped 7.5% to $93.8 per […]
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Iran war: Trump will release 172 million barrels of oil from Strategic Petroleum Reserve
The U.S. will release 172 million barrels of oil from the Strategic Petroleum Reserve to help lower energy costs during the Iran war, Energy Secretary Chris Wright said Wednesday evening. The U.S. will start releasing barrels next week but it will take about 120 days to deliver them all, Wright said. President Donald Trump said […]
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Stock futures slip as traders watch oil prices, Iran war for effect on economy: Live updates
Traders work on the floor of the New York Stock Exchange. NYSE Stock futures slipped Wednesday night after the Dow Jones Industrial Average posted a second day of losses and rising oil prices kept traders on edge. Dow futures fell 294 points, or 0.6%. S&P 500 futures lost 0.6%, while Nasdaq 100 futures also dropped […]
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Dow slides 300 points as oil prices move higher again amid Iran conflict: Live updates
Traders work on the floor of the New York Stock Exchange during morning trading on March 10, 2026 in New York City. Michael M. Santiago | Getty Images The Dow Jones Industrial Average fell on Wednesday as investors continued to eye developments in the U.S.-Iran war and oil prices. The 30-stock index shed 328 points, […]
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IEA agrees to release record 400 million barrels of oil to address Iran war supply disruption
The International Energy Agency on Wednesday agreed to release 400 million barrels of oil to address the supply disruption triggered by the Iran war, the largest such action in the organization’s history. The IEA did not set out a timeline for when the stocks would hit the market. It said that the reserves would be […]
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U.S. forces sink 16 Iranian minelayers as reports say Tehran is mining the Strait of Hormuz
In this handout photo obtained from the U.S. Defence Department, Nimitz-class aircraft carrier USS Abraham Lincoln (CVN 72) sails alongside Arleigh Burke-class guided-missile destroyer USS Frank E. Petersen Jr. (DDG 121) and Lewis and Clark-class dry cargo ship USNS Carl Brashear (T-AKE 7) in the Arabian Sea, Feb. 6, 2026. Mass Communication Specialist 1st Class […]
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Trump says U.S. will build first refinery in 50 years with investment by India’s Reliance Industries
U.S. President Donald Trump takes a question as he speaks during a press conference at Trump National Doral Miami in Miami, Florida, U.S., March 9, 2026. Kevin Lamarque | Reuters President Donald Trump announced Tuesday that the U.S. will get its first oil refinery in 50 years, funded by investments from Indian billionaire Mukesh Ambani’s […]
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Asia-Pacific markets trade higher as investors weigh developments in the Middle East
Mount Fuji and the Shinjuku skyline in Tokyo, Japan, on Friday, Feb. 14, 2025. Photographer: Kiyoshi Ota/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Asia-Pacific markets opened higher on Wednesday as investors assessed the ongoing Middle East war. Australia’s S&P/ASX 200 rose 0.35% in early trade. Japan’s Nikkei 225 jumped 1.36%, while the Topix […]
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Gas prices threaten Republican lawmaker’s plans to win on affordability
High gas prices are listed at Chevron gas station in Los Angeles on March 9, 2026, as gasoline prices surge amid the ongoing war with Iran. Frederic J. Brown | Afp | Getty Images Rising gas prices and no clear end of the Iran war are clashing with GOP plans to win the November elections […]
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10-year Treasury yield is little changed as oil tumbles after Trump warns Iran over Hormuz flows
The 10-year Treasury yield was little changed on Tuesday as oil prices tumbled after President Donald Trump warned that Iran would be hit “TWENTY TIMES HARDER” if it attempted to halt shipments through the Strait of Hormuz. The yield on the 10-year Treasury fell more than 1 basis point to 4.117%. The 30-year Treasury bond rose more […]
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