President Trump has formally waived requirements that only U.S. ships can carry cargo between domestic ports as officials look to ease access to fuel and supplies while the Strait of Hormuz remains throttled.Why it matters: The White House is looking to pull multiple levers as the Iran war sends gasoline prices soaring and restricts access […]
Trump waives shipping law as gasoline prices soar Read More »
Oil tankers in the Singapore Straits in Singapore March 17, 2026. — Reuters Oil has stuck around $100 a barrel. Equity traders shift back into market. Strait of Hormuz remains closed. Asian markets mostly rose on Wednesday, and oil prices dipped following another tech-led advance on Wall Street, as the United States hit Iranian missile
Oil dips and stocks extend gains as US, Israel, Iran continue strikes Read More »
Oil drilling rigs Oil prices rose today, March 17, amid continued uncertainty over the US-led coalition to protect shipping through the Strait of Hormuz. Brent crude was trading up 4.59% at $104.81 a barrel, at 09:04 am Makkah time. West Texas Intermediate (WTI) rose 5.10% to $98.27 a barrel. Oil prices are up more than
Brent crude rises to trade above $104 Read More »
•IEA prepared to release more oil reserves By Nkiruka Nnorom with agency report European leaders have rejected demands by the US President, Donald Trump, for help to clear the strait of Hormuz, as foreign ministers from the European Union gathered in Brussels yesterday to discuss skyrocketing oil prices from the US-Israeli war on Iran. The push back came
Strait of Hormuz: EU rejects Trump’s demand to help Read More »
Oil prices headed for weekly gains as of Friday, despite the U.S. issuing a 30-day license for countries to buy Russian oil and petroleum products at sea. Bloomberg Creative Photos | Bloomberg Creative Photos | Getty Images Oil prices jumped more than 3% on Tuesday as uncertainty lingered over a U.S.-led coalition to protect shipping
UNITED States President Donald Trump urged Nato partners and China to help reopen the Strait of Hormuz, the critical conduit for crude that Iran has effectively closed, as major economic players began releasing oil reserves yesterday to ward off supply disruptions. Global oil prices have surged by 40 to 50% after Iran choked off the
Trump urges allies to secure the Strait of Hormuz amid rising oil prices Read More »
Global oil prices continue to soar, impacting costs for Canadians 7 hours ago | Duration 3:46 7 hours ago News Duration 3:46 The price of crude oil continues to rise amid the U.S.-Israel war with Iran and the closure of the Strait of Hormuz, increasing costs at home for Canadians. Related Stories Diesel costs are
Global oil prices continue to soar, impacting costs for Canadians Read More »
v(mjhr7bec3a4(6qi]ff8ol2_media_dl_3.png Bloomberg Article content (Bloomberg) — Japan’s equity rally built on strong corporate earnings is beginning to look vulnerable as the escalating conflict in Iran pushes crude oil prices higher, stoking concern that rising energy costs could erode profits. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your
Japan Stocks Face Earnings Risk as Iran Conflict Lifts Oil Costs Read More »
uac)e1c0bsrf7rt4aqik8919_media_dl_1.png Bloomberg Article content (Bloomberg) — Yields on China’s 30-year bonds were headed for the highest close since September 2024 as rising oil prices fueled by the war in Iran stoked inflation concern. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles
China’s 30-Year Yields Set for Highest Close Since 2024 on Oil Read More »
Oil prices rose over $3 per barrel Sunday in the first major trading since President Trump’s threat to strike Iran’s main oil export hub unless the regime allows tankers through the Strait of Hormuz.Why it matters: The climb shortly after the markets’ opening signals that traders see no major near-term market loosening or end to
Oil prices climb despite Trump moves to temper market Read More »
