Bessent says Treasury is not intervening in oil commodities markets and has no authority to do so
Treasury Secretary Scott Bessent said Monday that the administration has no plans to intervene in financial markets and may not...
Oil and Gas
Oil’s war-driven volatility pulls in record retail money, fueling 'meme-style' trading
Oil prices slipped on Monday, after U.S. President Donald Trump called on other countries to help safeguard the Strait of...
Trump administration directs Sable Offshore to restore Santa Ynez oil unit
U.S. Department of Energy Secretary Chris Wright and U.S. President Donald Trump look on during an event to sign an...
How the Iran war could start to impact U.S. retail prices
The Iran war could soon mean higher prices on store shelves for consumers.Iran's effective closure of the Strait of Hormuz...
Iran war oil shock stokes fears of 1970s-style stagflation — why this time could be different
Key PointsFears of higher prices and slower economic growth have unsettled markets over the past week following a spike in...
Iran’s 'oil lifeline’ has been left untouched in the conflict. What happens if it's seized?
A general view of the Port of Kharg Island Oil Terminal, 25 km from the Iranian coast in the Persian...
Brent oil closes at $100 after Iran's new supreme leader says Strait of Hormuz must remain closed
Oil prices closed at $100 per barrel Thursday after Iran's new supreme leader Mojtaba Khamenei said the Strait of Hormuz...
Gig workers feel pain at the pump as gas prices hit 21-month highs
Uber signage on a vehicle at San Francisco International Airport (SFO) in San Francisco, California, US, on Monday, Feb. 2,...
Flights are already getting more expensive after jet fuel spike. When should you book?
Travelers wait in line at a Transportation Security Administration (TSA) checkpoint at William P. Hobby Airport in Houston, Texas, US,...
Oil rises back above $92 as traders shrug off prospect of historic reserve release
A family sits against the backdrop of a dockyard off the coastal city of Fujairah, in the Strait of Hormuz...
Iran sends millions of oil barrels to China through Strait of Hormuz even as war chokes the waterway
Rotterdam hopper dredger vessel operated by Van Oord sits anchored, as Iran vows to close the Strait of Hormuz, amid...
Surging oil prices could wipe out benefits from Trump's 'big beautiful bill'
Gas prices are displayed at a Shell station in Azusa, California.Robert Gauthier | Los Angeles Times | Getty ImagesRising oil...
Oil extends slide as investors assess Trump comments on Iran war, Strait of Hormuz
Oil prices surged about 20% on Monday as the U.S.-Israeli war with Iran continued, raising fears of prolonged disruptions to energy supplies.Anton...
Oil tankers transiting Strait of Hormuz 'must be very careful,' Iran foreign ministry warns
Oil tankers passing through the Strait of Hormuz "must be very careful," the spokesman for Iran's Ministry of Foreign Affairs...
Iran's strategic oil island thrust into the spotlight as Middle East conflict escalates
A support vessel maneuvers near the crude oil tanker 'Devon' as it sails through the Persian Gulf towards Kharq Island...
Why China can withstand oil's surge past $100 more easily than other countries
A drone view of an Evergreen container ship docked at the port of Umm Qasr during nighttime operations in Basra,...
Oil prices hit $100 per barrel as big Middle East producers cut output amid Iran war
Crude oil prices surged to $100 per barrel on Sunday, after major Middle East producers cut output because the critical...
Energy prices will fall when U.S. destroys Iran's ability to attack tankers in Strait of Hormuz: Wright
U.S. Energy Secretary Chris Wright pumps gas at a gas station in Corpus Christi, Texas, U.S., February 27, 2026. Sheila...
These U.S. natural gas exporters benefit from disruption to Qatar LNG supply in Iran war
U.S. natural gas exporters are poised to benefit from the big disruption in global supply caused by the escalating war...
Why India looks especially vulnerable as conflict rages in Middle East
India's GDP growth is expected to reach 6.4% in 2024, and will hit 7% in 2026, according to S&P Global.Kriangkrai...
