Iran says Iraqi ships are allowed to use Strait of Hormuz
The Iranian military said major oil producer Iraq is exempt from shipping restrictions in the Strait of Hormuz, a potentially ...
Tag: Oil
Ryanair CEO says book summer trips before fares soar, despite risk of fuel crunch canceling flights
If the U.S.-Israel war on Iran continues into the summer, then airlines will start running out of jet fuel and ...
Jamie Dimon says the Iran war was inevitable, and the Middle East payoff could be worth it
The U.S.-Israeli campaign in Iran has been criticized as a war of choice, one with an unclear strategy and even ...
Markets rally hard on Iran’s promise to play nice at Hormuz
Markets breathed a sigh of relief on Thursday after Iran’s state news agency reported the country is drafting a protocol ...
Renewable energy transition could accelerate as Iran war shocks oil and gas supply
The story of the energy transition in 2025 was one of fast-paced growth and global adoption. That trend was always ...
Paul Krugman smacks down Trump speech with argument that $4 gas is ‘less than half’ of the Hormuz hit. Here’s what he’s talking about
In a primetime address to the nation Wednesday night, President Donald Trump cast the U.S. effort in Iran as a ...
Russia expected a windfall from soaring oil prices, but Ukrainian drones are devastating exports
The U.S. war on Iran set up Russia’s economy for a major rescue after oil prices soared after the closure ...
Dollar dominance is reinforced by the oil trade, but the Iran war could give rise to the ‘petroyuan’
Middle East oil has long been a linchpin of the U.S. dollar’s status as the dominant currency in global trade ...
Saudi pipeline to bypass Hormuz hits 7 million barrel goal
Saudi Arabia’s crucial East-West pipeline that circumvents the Strait of Hormuz is pumping oil at its full capacity of 7 ...
Trump’s war in Iran is costing the U.S. economy 10,000 jobs a month, Goldman Sachs says
The U.S. military conflict with Iran is quietly draining the American labor market, with Goldman Sachs estimating that the oil ...
Iran, the $39 trillion national debt and dedollarization: How Trump exposed America’s Achilles Heel
The year was 1974 and President Richard Nixon had dispatched his Secretary of State Henry Kissinger to Saudi Arabia to ...
Markets wait for Trump and Iran to follow through on Hormuz threats
Wall Street is bracing for a Monday deadline that President Donald Trump set for Iran to reopen the Strait of ...
As Trump eyes Hormuz battle, he could give Iran a ‘taste of their own medicine’ with oil blockade
A potentially decisive showdown to wrest control of the Strait of Hormuz away from Iran is taking shape, with thousands ...
The Strait of Hormuz is the fourth large supply shock this decade. Welcome to the new era of global disorder
In 2020, Covid shut down global supply chains and sent inflation surging. In 2022, Russia’s invasion of Ukraine triggered a ...
Russian warship & sanctioned oil tanker sail through the English Channel ‘on way to break Trump’s Cuba blockade’
A RUSSIAN warship and sanctioned oil tanker has sailed through the English channel and is potentially headed for Cuba. The ...
Stocks haven’t hit bottom yet, says the analyst who called a ‘rolling recession’ when everyone else saw a boom
Morgan Stanley’s Mike Wilson spent years insisting a “rolling recession” was hiding in plain sight while Wall Street celebrated what ...
After Greenland crisis, Trump suggests NATO owes him help on Iran war for U.S. support of Ukraine
Just two months ago, NATO was in the middle of an existential crisis over President Donald Trump’s insistence that the ...
Energy secretary uses Defense Production Act to force Texas oil company to restore Calif. operations
U.S. Energy Secretary Chris Wright directed a Texas-based oil and gas company Friday to restore operations in waters off southern ...
‘Peak war panic’ will likely hit markets in 1-3 weeks, as Trump balks at ceasefire deal
The S&P 500 is only down 3% so far this year and 5% off its all-time high, still far from ...
US lifts sanctions on some Russian oil, about 5-6 days’ worth of shipments from Strait of Hormuz
The U.S. is temporarily easing some sanctions on Russian oil shipments, reflecting global concerns over sharply higher crude prices due ...
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