Oil prices rose on Thursday, March 19, 2016, with benchmark Brent rising to its highest in more than a week to more than $115 a barrel. This comes after Iran attacked energy facilities across the Middle East following Israel’s strike on its South Pars gas field. Brent futures were up $6.08, or 5.7%, at $113.46 […]
Oil price rises above $115/bbl after Iran’s attacks on Middle East energy facilities Read More »
The US Federal Reserve held interest rates steady for the second time this year, a widely expected move amid turmoil in the Middle East and rising energy prices. Fed officials faced a confluence of issues to consider in their meeting this week: soaring oil and gas prices, fluctuating inflation that still remains above the Fed’s
Fed holds interest rates steady as Iran war drives up oil prices and inflation fears Read More »
The war in Iran represents the biggest energy supply shock in history with the Strait of Hormuz choke point effectively off limits to the 20% of global oil and liquefied natural gas that flows through it each day. While the U.S. benchmark for oil continues to rise to near $100 per barrel—up 70% since the
A recession will be “difficult to avoid” if oil prices remain elevated for much longer, Moody’s Mark Zandi wrote Monday… https://thehill.com/business/5788865-moodys-economist-mark-zandi-warning-recession-threat/
Moody’s economist warns recession is once again a ‘serious threat’ Read More »
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 »
