Oil and Gas
Trump’s threat to hit Iran ‘extremely hard’ jolts Asian stocks, U.S. futures and oil
U.S. President Donald Trump acknowledges those in attendance after speaking from the Cross Hall of the White House on April 1, 2026 in Washington, DC. Alex Brandon | Getty Images U.S. President Donald Trump said the U.S. will hit Iran “extremely hard” over the next two or three weeks in a national address on Wednesday. “We’re going […]
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EV demand is getting a boost from the Iran war — just as auto giants pivot back to combustion engines
An electric vehicle (EV) is left to charge at a charging station in Tehran on February 23, 2026. Atta Kenare | Afp | Getty Images The sprawling Middle East crisis is expected to spur drivers to abandon traditional internal combustion engine vehicles in favor of EVs, analysts told CNBC, although early evidence suggests this will […]
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Iran sets up ‘toll booth’ in Strait of Hormuz, as oil tankers detour via Larak Island for safe passage
While choking off most traffic through the Strait of Hormuz, Iran has quietly established a de facto safe-shipping corridor north of Larak Island, as Tehran seeks to monetize its grip on the world’s most important oil shipping artery. Traffic through the strait has fallen by 90% since the war began on Feb 28, with Iran […]
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Oil prices fall in choppy trade as Trump addresses the U.S. on Iran war
The Liberia-flagged crude oil tanker Shenlong Suezmax successfully docked at Mumbai Port after navigating the high-risk Strait of Hormuz amid the intensifying West Asia conflict on March 11, 2026 in Mumbai, India. Hindustan Times | Getty Images Oil fell in a volatile session as traders awaited U.S. President Donald Trump’s address to the nation on […]
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Trump address live updates: President to speak on Iran tonight
Iran’s president slams U.S. ‘aggression’ in letter aimed at American people Iranian President Masoud Pezeshkian looks on as he attends a press conference with Emir of Qatar Sheikh Tamim bin Hamad Al Thani (not pictured), in Tehran, Iran. February 19, 2025. Majid Asgaripour | Via Reuters Iranian President Masoud Pezeshkian, in a letter Wednesday addressed to […]
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Trump says Iran’s president asked for ceasefire, but U.S. wants Hormuz Strait open first
President Donald Trump on Wednesday said Iran’s president has asked the U.S. for a ceasefire. But the U.S. will “consider” the offer only once the Strait of Hormuz is “open, free, and clear,” Trump said on Truth Social. “Until then, we are blasting Iran into oblivion or, as they say, back to the Stone Ages!!!” […]
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U.S. gasoline hits $4 per gallon, highest since 2022, as Iran war drives up fuel prices
U.S. gasoline prices have surged above $4 per gallon for the first time in more than three years, as the oil supply shock triggered by the Middle East war rapidly drives up costs for families. Prices at the pump hit a nationwide average of $4.018, the highest level since August 2022 when Russia’s war against […]
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Oil prices reverse course to fall as traders assess Trump comments on Iran war
A general view of the Port of Kharg Island Oil Terminal, 25 km from the Iranian coast in the Persian Gulf and 483 km northwest of the Strait of Hormuz, in Iran on March 12, 2017. Anadolu | Anadolu | Getty Images Oil prices reversed course to drop in early Asia trading as traders assess […]
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JetBlue Airways raises bag fees as fuel prices soar
A JetBlue Airways Airbus A321 airplane departs from Los Angeles International Airport en route to New York on Oct. 17, 2025 in Los Angeles, California. Kevin Carter | Getty Images JetBlue Airways is raising bag fees as jet fuel prices soar amid the Iran war. Airfare has climbed for routes around the world since the […]
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Russian oil tanker reportedly arrives in Cuba after Trump softens approach to U.S. blockade
An old Soviet-era Lada car drives past a truck belonging to a private Cuban company (mipyme) parked in front of a gas station with an IsoTank of imported fuel in Havana on March 19, 2026. Adalberto Roque | Afp | Getty Images A Russian oil tanker carrying a humanitarian shipment of 100,000 tons of crude […]
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