Here’s how a U.S. naval blockade of the Strait of Hormuz could work
President Donald Trump announced Sunday that the U.S. Navy would immediately impose a blockade on the Strait of Hormuz after ceasefire ...
Tag: Oil
Stock futures sink, oil spikes as Navy looks to block Iran’s exports and break its grip on Hormuz
After a week when ceasefire hopes lifted sentiment and stock prices on Wall Street, the U.S. war on Iran could ...
Iran’s crumbling economy is the regime’s greatest weakness as authorities worry about making payroll
The Iranian economy was already in shambles before the U.S. and Israel launched their war on the Islamic republic, and ...
The petrodollar faces increased risk, but a petroyuan is ‘far-fetched,’ strategist says
President Donald Trump’s war on Iran has raised doubts about America’s superpower status and currency dominance as the Strait of ...
Three oil supertankers sail through the Strait of Hormuz
Two Chinese supertankers loaded with crude sailed through the Strait of Hormuz hours after a Greek vessel moved through the ...
Hormuz traffic still blocked as Iran tries to formalize control
Ship traffic through the Strait of Hormuz remained blocked Thursday, even as a handful of Chinese vessels lined up to ...
The ‘petrodollar’ has been weakening for years, economist warn. The Iran war put a spotlight on it
The gold standard may have ended in the early 1970s, but something else quietly took its place for the next ...
Why Iran’s ‘Selective’ Closure of the Strait of Hormuz Matters
“It’s part of the bargain between Beijing and Tehran: one can offer diplomatic protection and support while the other ensures ...
Stock market today: Oil rises and stock futures drop as Trump makes apocalyptic threats against Iran
After stocks notched the first positive week since the U.S.-Israel war on Iran started over a month ago, Wall Street ...
Former energy officials fired by DOGE warn Trump admin may be missing key resources amid Iran war
About six months before the first U.S.-Israeli attack on Iran, the Trump administration gutted the Bureau of Energy Resources (ENR), ...
Trump calms markets to fight Iran longer and always uses the military assets he deploys, expert says
President Donald Trump has alternated between threats to obliterate Iran’s economy and claims that the U.S. is in talks with ...
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 ...
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 ...
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