When the US and Israel launched strikes on Iran on Feb. 28, Brent crude was trading around $72 a barrel. Within weeks it was approaching $120. Two months on, with the Strait of Hormuz still functionally closed and negotiations going nowhere fast, prices have swung wildly on every headline — and traders are running out […]
Live: Oil Prices Fall Below $100 as Trump Say Iran War May Be Coming To End Read More »
By Tsvetana Paraskova – May 06, 2026, 5:20 AM CDT Saudi Arabia has reduced the official selling price of its flagship crude loading for Asia in June from the May record high, but the price cut was less than expected. Next month’s supply from the world’s top crude exporter would still see the second-highest premium
Saudi Arabia Cuts June Oil Prices by Less Than Expected as Hormuz Risks Persist Read More »
By Irina Slav – May 06, 2026, 3:01 AM CDT Crude oil prices extended losses for a second day today, after President Trump said the United States would pause its plan to escort vessels out of the Strait of Hormuz just a couple of days after it was announced. The news prompted expectations that a
Oil Prices Fall Below $100 After Trump Pauses Hormuz Escort Plan Read More »
This photo shows a view of LyondellBasell refinery near the Houston Ship Channel, part of the Port of Houston, on April 29, 2026. Ronaldo Schemidt | AFP | Getty Images Oil prices fell on Wednesday after President Donald Trump said the U.S. would pause its naval escort effort in the Strait of Hormuz, raising hopes
Oil prices fall as Trump pauses Hormuz escort effort Read More »
NEW YORK (AP) — The price of a gallon of regular gasoline climbed 31 cents in the past week, spiking to an average of $4.48 per gallon Tuesday, according to AAA, hitting the wallets of drivers after rising 50% since the war with Iran began. The main reason drivers are paying more at the pump
Why gasoline prices fell but then started climbing again Read More »
Article content (Bloomberg) — US gasoline inventories are on pace to drop to historical seasonal lows by late summer, further straining a tight fuel market upended by the war in Iran. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Barbara
US Gasoline Supplies on Way to Seasonal Low, Morgan Stanley Says Read More »
Exactly two months ago, on the sixth day of the war in Iran, Donald Trump hosted a White House event intended to honor a championship soccer team, though the president took some time to comment on an issue on the minds of many. “Yesterday, my administration announced decisive action to help keep down the oil
2 months later, Trump’s boast about ‘stabilizing’ oil prices looks ridiculous Read More »
NEW YORK — The U.S. stock market is ticking toward records after an easing of oil prices let Wall Street turn its focus back to the big profits that companies keep producing. The S&P 500 rose 0.6% early Tuesday and was flirting with its all-time high set at the end of last week. The Dow
US stocks edge up toward more records as crude oil prices ease Read More »
Home Market News Sensex Today | Stock Market LIVE Updates: Nifty slips to 24,000; Marico shares up 2% Stock Market Live Updates: Indian benchmark indices Nifty 50 and Sensex opened today’s session lower and continue to trade in the red. The latest escalation in West Asia and the subsequent surge in oil prices are a
Sensex Today | Stock Market Live Updates: Nifty back at 23,950; M&M reports Q4 results Read More »
By Irina Slav – May 05, 2026, 2:00 AM CDT India has called for an end to the hostilities in the Middle East, condemning Iran for its recent attack on the port of Fujairah – a vital oil hub that sits right outside the Strait of Hormuz. Three Indian nationals were injured during the attack,
India Condemns Iran Attack on Fujairah as Oil Prices Surge Read More »
