Oil and Gas
Oil jumps more than 2% after Vance says Iran ignored key U.S. demand, military strikes on the table
Oil prices rose more than 2% on Wednesday, after Vice President JD Vance said Iran did not address U.S. red lines in nuclear talks this week and President Donald Trump reserves the right to use military force. U.S. crude oil rose $1.56, or 2.5%, to $63.89 per barrel. Global benchmark Brent was up $1.61, or […]
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Trump lauds Japan’s pledge to invest $36 billion in U.S. oil, gas and critical mineral projects
U.S. President Donald Trump speaks to journalists aboard Air Force One en route to South Korea on October 29, 2025 in Japan. Andrew Harnik | Getty Images News | Getty Images U.S. President Donald Trump has welcomed Japan’s pledge to invest nearly $36 billion in oil, gas and critical mineral projects in Texas, Ohio and […]
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Oil prices fall as Iran sees progress in nuclear talks with U.S.
Oil prices fell Tuesday after Iran’s foreign minister said progress was made during nuclear talks with the U.S., fueling hopes that negotiations could prevent another conflict in the Middle East. U.S. crude oil fell 56 cents, or 0.89%, to close at $62.33 per barrel. Global benchmark Brent lost $1.23, or 1.79%, to settle at $67.42. […]
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Iran partially closes Strait of Hormuz, a vital oil chokepoint, as U.S. talks get underway
Iranian Navy soldiers at an armed speed boat in Persian Gulf near the strait of Hormuz about 1320km (820 miles) south of Tehran, April 30, 2019. Morteza Nikoubazl | Nurphoto | Getty Images Iran partially closed the strategically vital Strait of Hormuz on Tuesday, state media reported, citing “security precautions” as Tehran’s Revolutionary Guards conduct […]
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Cuba suspends annual cigar festival as U.S. oil blockade deepens energy crisis
A female worker operates a machine during the rolling process at the mechanized cigar factory in Havana on May 8, 2025. Adalberto Roque | Afp | Getty Images An annual cigar festival in Cuba’s capital city of Havana, which had been due to take place over five days in late February, has been suspended until […]
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What’s next for Cuba? Trump turns the screws as the island runs out of jet fuel
Cuba’s President Miguel Diaz-Canel (C) takes part in the “Anti-Imperialist” protest in front of the US Embassy against the US incursion in Venezuela, where 32 Cuban soldiers lost their lives, in Havana on January 16, 2026. Yamil Lage | Afp | Getty Images Cuba’s communist-run government is facing its biggest test since the collapse of […]
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Russia shrugs off Trump’s tariff threats on those who provide oil to Cuba
A vehicle fills up with fuel at a gas station in Havana on January 28, 2026. Yamil Lage | Afp | Getty Images The Kremlin on Thursday said it is actively discussing what help it can provide to fuel-starved Cuba, dismissing U.S. President Donald Trump’s tariff threat to sanction countries that send oil to the […]
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After weeks of tension, Trump is still talking tough on Iran. Here’s what could happen next
The prospect of a U.S. attack on Iran has roiled oil prices this year, but analysts tell CNBC a strike would require more military commitment and be more complicated, than the U.S. is prepared for. Stock Chart IconStock chart icon Brent crude April futures Tensions are high, and despite talks last week in Oman, both […]
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Oil rises 2% on US–Iran tensions, improved demand
Oil held steady on Wednesday as U.S.–Iran talks continued, with lingering geopolitical uncertainty helping to underpin prices. Bloomberg Creative Photos | Bloomberg Creative Photos | Getty Images Oil prices gained about 2% on Wednesday, buoyed by potential supply risks should tensions between the U.S. and Iran escalate, while draws of crude from key stockpiles suggested […]
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Oil giant TotalEnergies on Trump’s Venezuela dream: ‘Too expensive and too polluting’
Patrick Pouyanne, chief executive officer of TotalEnergies SE, during the Conference de Paris, organized by the International Economic Forum of the Americas (IEFA) in Paris, France, on Tuesday, Dec. 16, 2025. Bloomberg | Bloomberg | Getty Images The CEO of French energy major TotalEnergies said it was “too expensive and too polluting” to return to […]
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