By Irina Slav – Jun 08, 2026, 5:00 PM CDT Oil inventories are being rapidly depleted as 10–14 million bpd of Middle Eastern supply remains offline, prompting warnings from Chevron, Exxon, the IEA, and major banks of a looming supply crunch. Markets may be underestimating the risk, with traders betting on a Hormuz reopening even […]
Global Economy Is One Oil Price Spike Away From Trouble Read More »
Home World News US-Iran War Highlights: US military says it disabled oil tanker M/T Marivex in Gulf of Oman Efforts to preserve a fragile ceasefire are being tested as Iran issues fresh warnings to Israel and the US. Oil prices have jumped amid growing uncertainty. Follow for the latest on the war in West Asia.
Russian authorities suspended train service for Crimea after a Ukrainian drone knocked out a locomotive, further squeezing commerce to the occupied Black Sea peninsula struggling with fuel shortages. The June 8 attack came days after Russian officials ordered new restrictions on commercial and passenger traffic along major highways leading to the region. For weeks, Ukraine’s
Traders work on the floor of the American Stock Exchange (AMEX) at the New York Stock Exchange (NYSE) in New York, US, on Friday, June 5, 2026. Wall Street’s historic weekly run is poised to come to a halt, with stocks and bonds falling after a solid jobs report added to speculation the Federal Reserve’s
Stocks, Bonds Fall as Mideast Strikes Lift Oil: Markets Wrap Read More »
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Oil Surges After Hostilities Between Iran and Israel Escalate Read More »
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By Josh Owens – Jun 07, 2026, 8:09 PM CDT Oil prices started the week higher after Iran launched ballistic missiles at Israel on Sunday night, heightening fears that U.S.-Iran peace talks might once again fall apart. At the time of writing, Brent crude had climbed 2.51% to $95.43 per barrel, while West Texas Intermediate
Oil Prices Spike After Iran Launches Missile Attack on Israel Read More »
