Oil and Gas
Engine trouble ahead? How the Strait of Hormuz standoff threatens luxury auto giants
Ferrari SF90 XX Spider limited edition plug in hybrid supercar parked on the pavement as a red Ferrari passes on Bond Street on 4th January 2026 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images A global base oils shortage is starting to filter through to drivers of luxury cars, with analysts […]
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Oil rises as Trump faces crucial 60-day deadline for Iran war
United States Marine Corps soldiers seen staged outside of the Federal Building in downtown Los Angeles during the ‘No War On Iran’ protest after conflicts arise with Iran and Israel on June 19, 2025 in Los Angeles, United States. Anadolu | Anadolu | Getty Images Oil prices climbed Friday, a day after a volatile session […]
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Trump to get briefed on potential Iran strikes before war hits key 60-day deadline: Reports
U.S. President Donald Trump exits Air Force One as he arrives at Miami International Airport in Florida, U.S., April 11, 2026. Kevin Lamarque | Reuters President Donald Trump on Thursday is set to receive a briefing from U.S. Central Commander Adm. Brad Cooper and other military leaders on potential strikes in Iran, Axios and Reuters […]
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Markets are still underpricing Iran war risks, investors warn as oil fluctuates around four-year high
Renewed fears about the trajectory of the U.S.-Iran war sent global benchmark Brent crude futures to a four-year high and rattled equity markets on Thursday — but analysts say investors are still pricing for peace and underestimating potential future risk. The latest step higher in oil prices came after Axios reported that U.S. Central Command […]
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Euro zone inflation jumps to 3% as economic growth almost stalls
Inflation in the euro zone eased in the last two months of 2022 but the economic indicator is still well-above the 2% mandate of the European Central Bank. Jeff Greenberg | Universal Images Group | Getty Images The euro zone economy expanded by a meager 0.1% in the first quarter of the year, preliminary data […]
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Brent crude tops $121 as U.S. military to reportedly brief Trump on potential action against Iran
Alexander Manzyuk | Reuters Oil extended gains as a report suggested the U.S. military would brief President Donald Trump on potential action against Iran, raising worries that armed conflict could resume, building on the American blockade of Iranian exports. Axios reported Thursday that the U.S. Central Command was set to present Trump plans for potential […]
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Trump says it’s ‘great’ that UAE pulled out of OPEC
U.S. President Donald Trump speaks during an event with Artemis II astronauts, NASA Commander Reid Wiseman, NASA Pilot Victor Glover, NASA Mission Specialist Christina Koch and Canadian Space Agency (CSA) Mission Specialist Jeremy Hansen, in the Oval Office at the White House in Washington, D.C., U.S., April 29, 2026. Evelyn Hockstein | Reuters President Donald […]
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Oil prices extend multi-day rally as Trump issues new threat to Iran; Brent tops $114 per barrel
Oil tankers and gas tankers were affected by the closure of the Strait of Hormuz, leading to a global energy crisis stemming from the war in the Middle East. Photos For You | Moment | Getty Images Oil prices advanced again on Wednesday as traders balanced the United Arab Emirates’ shock departure from OPEC with […]
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Trump threatens Iran with AI picture of himself with a gun: ‘No more Mr. Nice guy!’
US President Donald Trump takes questions during a press briefing in the Brady Briefing Room at the White House in Washington, DC, shortly after a shooting incident at the White House Correspondents’ Dinner on April 25, 2026. Mandel Ngan | Afp | Getty Images U.S. President Donald Trump threatened Iran in a Truth Social post […]
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UAE’s departure from the OPEC oil cartel is not without precedence. Who could be next?
Jonathan Raa | Nurphoto | Getty Images The United Arab Emirates’ shock decision to leave OPEC is reverberating across global energy markets, exposing fractures in the powerful oil cartel as production quotas risk prompting other members to follow suit. The country’s decision follows weeks of missile and drone strikes by fellow OPEC member Iran, with […]
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