Oil and Gas
‘We will remember’: Trump warns countries to help secure Strait of Hormuz as shipping stalls
U.S. President Donald Trump speaks to members of the media before boarding Air Force One for travel to Florida, at Joint Base Andrews, Maryland, U.S., March 13, 2026. Kevin Lamarque | Reuters U.S. President Donald Trump said Sunday that other countries should help the U.S. secure the Strait of Hormuz, arguing the key shipping route […]
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UAE’s Fujairah oil trading hub targeted by a drone attack, causing large fire
A drone attack at the United Arab Emirates’ key oil trading hub of Fujairah triggered a large fire, authorities said on Monday, with no injuries reported. “Civil Defense teams in the Emirate immediately responded to the incident and are continuing their efforts to control it,” Fujairah Media Office said on social media, according to a […]
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Ships stranded at Hormuz, energy crunch at home: How India’s U.S.-Israel tilt is testing ties with Iran
Indian Prime Minister Narendra Modi, The United Arab Emirates’ President Sheikh Mohamed bin Zayed Al Nahyan and Iran’s President Masoud Pezeshkian attend a family photo during the BRICS summit in Kazan on October 23, 2024. Maxim Shipenkov | Afp | Getty Images While millions of barrels of oil flow to China via the Strait of […]
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Why Trump has his sights on Iran’s Kharg Island — and what it means for the oil market
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. Fatemeh Bahrami | Anadolu | Getty Images President Donald Trump’s order to strike Iranian military assets on Kharg Island […]
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U.S. oil prices top $100 as Trump administration threatens strikes on Iran’s crude export facilities
U.S. crude prices topped $100 per barrel Sunday evening, as the Trump administration weighs military strikes on OPEC member Iran’s key oil export facilities on Kharg Island. U.S. crude oil rose 2.64% to $101.32 per barrel by 6:15 p.m. ET. Brent prices, the international benchmark, were up 2.94% to $106.17 per barrel. President Donald Trump […]
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Oil poised for further gains as Middle East conflict threatens export facilities
Oil prices could extend gains at Monday’s open as the U.S.-Israeli war against Iran entered a third week, putting oil infrastructure at risk and keeping the Strait of Hormuz shut in the world’s largest supply disruption. U.S. President Donald Trump threatened further strikes on Iran’s Kharg Island oil export hub, drawing a defiant response of […]
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Trump administration directs Sable Offshore to restore Santa Ynez oil unit
U.S. Department of Energy Secretary Chris Wright and U.S. President Donald Trump look on during an event to sign an executive order at the White House, in Washington, D.C., U.S., Oct. 6, 2025. Kent Nishimura | Reuters The Trump administration on Friday directed Sable Offshore to restore oil drilling operations off the southern California coast, the U.S. Energy […]
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Analysis: The U.S. is running out of ways to get oil prices down. It is up to the military.
The Trump administration has rolled out a series of measures to attempt to blunt the blow of the Iran-driven oil-price hike, and yet prices remain stubbornly high. As the war rolls on, it is becoming clear there isn’t much the U.S. or any other government can do to provide relief from higher oil prices short […]
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How the Iran war could start to impact U.S. retail prices
The Iran war could soon mean higher prices on store shelves for consumers. Iran’s effective closure of the Strait of Hormuz passage has significantly disrupted the global supply chain, affecting goods from fertilizers to metals to gas and fuel. The passage is a critical point, funneling tens of millions of barrels of oil daily along […]
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Iran war oil shock stokes fears of 1970s-style stagflation — why this time could be different
Key Points Fears of higher prices and slower economic growth have unsettled markets over the past week following a spike in the oil price. Investors fear the specter of stagflation and what it could mean for their portfolios, but 2026 looks different to the 1970s for several reasons. Back then, a spike in oil prices […]
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