Oil and Gas
Trump says Iran let 10 oil ships through Strait of Hormuz as ‘present’ to U.S.
Iran allowed a total of 10 oil tankers to pass through the Strait of Hormuz this week as a “present” to the United States, President Donald Trump said Thursday. Iran made the gesture to show the U.S. “the fact that we’re real and solid and we’re there,” Trump said during a Cabinet meeting. The comments […]
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The oil market is in ‘backwardation’ — Here’s what that means for energy prices
An Iranian security worker monitors an area in phase 19 of the South Pars gas field in Assalooyeh, on Iran’s Persian Gulf coast, on Aug. 23, 2016. Morteza Nikoubazl | Nurphoto | Getty Images Oil prices have been gripped by volatility since the U.S.-Iran war began nearly four weeks ago. But analysts say the market […]
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Oil prices rise as Iran rejects direct U.S. talks despite proposal review
A pump jack is seen in a field on March 18, 2026 in Pecos, Texas. Brandon Bell | Getty Images Oil prices rose Thursday after Iran signaled it had no intention of holding direct talks with the United States, even as a U.S. proposal to end the war is under review by senior officials in […]
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Saudi carrier says war has had limited impact on operations, but protracted conflict may weigh
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Steven Greenway, CEO of Saudi low-cost carrier Flyadeal, says Saudi Arabia has a big domestic market, and 95% of their flight operations are still largely unaffected by the Middle East war. He explains that despite initial airspace closures in the region, there […]
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Oil drops more than 5% as Trump signals Iran talks despite Tehran denial
An Iranian security worker monitors an area in phase 19 of the South Pars gas field in Assalooyeh, on Iran’s Persian Gulf coast, on Aug. 23, 2016. Morteza Nikoubazl | Nurphoto | Getty Images Oil prices fell more than 5% Wednesday after U.S. President Donald Trump said that Washington and Tehran are “in negotiations right […]
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World has ‘never experienced’ soaring refining margins like this, TotalEnergies CEO tells CNBC
Roughly 15% of TotalEnergies’ production is offline, as the war with Iran nears the one-month mark, but surging oil prices have more than made up for the lost barrels, chairman and CEO Patrick Pouyanné told CNBC in an exclusive interview. With Brent crude trading solidly above $100 a barrel, much of the attention has focused […]
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Britain responds to Iran war energy shock by requiring solar panels and heat pumps in all new homes
Heat pump installer Richard Wilkins from Lotus Energy, screws in pipes to a Vaillant aroTHERM plus heat pump, that is being installed in a residential property in Farnham, Surrey, southwest of London, on June 2, 2025. Justin Tallis | Afp | Getty Images The U.K. government on Tuesday introduced new rules requiring developers to install […]
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United Airlines CEO Scott Kirby: I think fares will continue to go up in line with oil prices
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email United Airlines CEO Scott Kirby sits down with CNBC’s Phil LeBeau to discuss oil pricing impacts from the Iran war, the company’s new aircraft, and more. Source
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Iran attacks in Strait of Hormuz are ‘economic terrorism against every nation,’ UAE oil CEO says
Sultan Ahmed Al Jaber, chief executive officer of Abu Dhabi National Oil Co. (ADNOC), during India Energy Week in Goa, India, on Tuesday, Jan. 27, 2026. Dhiraj Singh | Bloomberg | Getty Images HOUSTON — The United Arab Emirates on Monday condemned Iran’s attacks against shipping in the Strait of Hormuz as a form of […]
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DCCC launches geotargeted digital ad campaign hitting GOP for gas prices
Prices are posted at a gas station in Downtown Brooklyn on March 18, 2026, in New York, United States. Matthew Hoen | Nurphoto | Getty Images The Democratic Congressional Campaign Committee on Tuesday is launching a digital ad campaign targeting President Donald Trump and Republicans for rising gas prices amid the war in Iran. The […]
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