Oil and Gas
Trump reverses course on Cuban oil blockade, allows Russian tanker to pass
U.S. President Donald Trump speaks to the media after departing Air Force One at Miami International Airport on March 27, 2026 in Miami, Florida. Nathan Howard | Getty Images U.S. President Donald Trump signaled he was reversing course on blocking oil shipments to Cuba on Sunday, saying he had “no problem” with any country sending in crude as a Russian tanker neared a Cuban port with […]
Read More
Oil surges 3% as Iran war escalates with Yemen’s Houthis entering the Mideast conflict
Smoke emanates from smokestacks from an oil refinery in Linden, New Jersey, on March 18, 2026. Kena Betancur | AFP | Getty Images Oil prices climbed Monday after Yemen’s Houthis said they had fired missiles at Israel, opening a new front in the U.S.-Israeli war with Iran. May futures for international benchmark Brent crude rose […]
Read More
Trump calls Strait of Hormuz the ‘Strait of Trump’
President Donald Trump speaks during the Future Investment Initiative Summit in Miami, March 27, 2026. Mandel Ngan | AFP | Getty Images President Donald Trump on Friday winkingly referred to the Strait of Hormuz, the vital oil-shipping route and a key choke point in the Iran war, as the “Strait of Trump.” Iran has to […]
Read More
Why one hedge fund veteran is urging investors to ‘prepare for the worst’
ETF Edge Why one hedge fund veteran is urging investors to ‘prepare for the worst’ Published Fri, Mar 27 20267:00 AM EDT Blair Bao WATCH LIVE Source
Read More
India takes a ‘huge hit’ on tax revenue to keep fuel prices from surging during the Iran war
People stand in a queue to refill fuel at a gas station in Guwahati, India, on March 26, 2026. David Talukdar | Anadolu | Getty Images The Indian government’s tax revenues have taken a “huge hit” after New Delhi slashed central excise duties on fuel for domestic consumption, Petroleum and Natural Gas Minister Hardeep Singh […]
Read More
Oil prices falls as Trump says Iran let 10 tankers through Hormuz as a ‘present’
Dwayne Schnell | 500px Plus | Getty Images Oil prices fell on Friday after President Donald Trump said Iran had allowed 10 oil tankers to pass through the Strait of Hormuz this week as a “present” to the United States, signaling a tentative easing of tensions in the critical shipping chokepoint. International benchmark Brent crude […]
Read More
Trump says Iran let 10 oil ships through Strait of Hormuz as ‘present’ to U.S.
Iran allowed a total of 10 oil tankers to pass through the Strait of Hormuz this week as a “present” to the United States, President Donald Trump said Thursday. Iran made the gesture to show the U.S. “the fact that we’re real and solid and we’re there,” Trump said during a Cabinet meeting. The comments […]
Read More
The oil market is in ‘backwardation’ — Here’s what that means for energy prices
An Iranian security worker monitors an area in phase 19 of the South Pars gas field in Assalooyeh, on Iran’s Persian Gulf coast, on Aug. 23, 2016. Morteza Nikoubazl | Nurphoto | Getty Images Oil prices have been gripped by volatility since the U.S.-Iran war began nearly four weeks ago. But analysts say the market […]
Read More
Oil prices rise as Iran rejects direct U.S. talks despite proposal review
A pump jack is seen in a field on March 18, 2026 in Pecos, Texas. Brandon Bell | Getty Images Oil prices rose Thursday after Iran signaled it had no intention of holding direct talks with the United States, even as a U.S. proposal to end the war is under review by senior officials in […]
Read More
The beginning of the end for petrodollar dominance? Why Deutsche sees opportunity for Beijing
The economic fallout of the Iran war could mark the beginning of the end for petrodollar dominance, according to one Deutsche strategist. The U.S. dollar retains its status as the world’s reserve currency as most oil is priced and invoiced in the greenback. But the Iran conflict could see that dominance eroded if countries decide […]
Read More