Oil and Gas
Kuwait cuts oil production as Strait of Hormuz closure disrupts global energy market
Kuwait said Saturday that it has cut oil production and refining output because tankers cannot transit the Persian Gulf due to threats from Iran. The Arab monarchy did not say how many barrels per day it has cut, but described the output reduction as a precautionary measure that will be “reviewed as the situation develops.” […]
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Analysis: Tough jobs report puts Trump’s Iran war plans to the test
A difficult jobs report comes at a tough time for the White House. Gas prices are rising due to the war in Iran, while stock market turmoil is making savers and retirees antsy about the state of their 401(k)s. Data released Friday showing a loss of 92,000 jobs in February will put pressure on the […]
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Europe faces a ‘massive’ gas price shock from Iran war — and these three sectors will be hit hardest
As commodity prices spiked higher on Friday morning, a strategist warned that Europe was even more at risk of an energy shock than the U.S. Speaking with CNBC’s “Europe Early Edition”, Joachim Klement, head of strategy at Panmure Liberum, noted that Europe now sources most of its natural gas from Qatar, one of the world’s […]
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Oil rally resumes after brief dip in prices as Brent tops $86 a barrel
Oil prices jumped to their highest levels in months on Monday as Iran and Israel escalated attacks in the Middle East, disrupting shipments from the region. Bloomberg Creative Photos | Bloomberg Creative Photos | Getty Images Oil prices rose on Friday morning, wiping out an earlier dip that had boosted sentiment in international equity markets. […]
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U.S. offers India a 30-day waiver for buying Russian oil as Iran war deepens energy supply worries
This photograph shows a page on the Marinetraffic website thats shows commercial ship traffic on the edge of the Strait of Hormuz near the Iranian coast on March 4, 2026. Julien De Rosa | Afp | Getty Images After slapping 25% “penalty” tariffs on India for buying Russian crude — revoked last month — the […]
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U.S. crude oil tops $79 per barrel after Iran says it attacked a tanker
U.S. crude oil prices on Thursday broke above $79 per barrel after Iran claimed to have attacked a tanker. The price of West Texas Intermediate oil was last up 6.86%, or $5.12, at $79.78 per barrel, while global benchmark Brent rose 4.31%, or $3.51, to $84.91 per barrel at 11:30 a.m. ET. Oil prices have […]
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How the Iran conflict is spreading — in pictures
The conflict in the Middle East is rapidly expanding across the region as the U.S. and Israel-led war with Iran enters its sixth day. Images published Thursday showed destruction across Tehran after nearly a week of strikes on Iran’s capital. Iran has retaliated by launching a wave of missiles and drones at Israel, as well […]
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Is Cuba next? What the fallout from the Iran war means for Havana
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 next,” said Sen. Lindsey Graham, a Republican and ally of U.S. […]
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Oil price surge eases after Bessent pledges support for oil trade during Iran war
Oil prices held steady Wednesday, after Treasury Secretary Scott Bessent said the Trump administration will provide support to oil tankers transiting the Persian Gulf and announce more measures in the coming days. U.S. crude oil rose 12 cents, or 0.16%, to $74.68 per barrel by 9:46 a.m. ET. Global benchmark Brent was up 37 cents, […]
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These U.S. natural gas exporters benefit from disruption to Qatar LNG supply in Iran war
U.S. natural gas exporters are poised to benefit from the big disruption in global supply caused by the escalating war in the Middle East. Qatar halted production of liquefied natural gas Monday after Iran struck two key facilities in retaliation for the massive U.S.-Israel airstrikes that killed the Islamic Republic’s head of state, Ayatollah Ali […]
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