The U.S. military strikes in Iran are raising questions about the impact on the oil and gas industry, including whether the widening conflict could result in higher energy prices for Americans. Oil prices jumped 4% on Sunday night shortly after the start of trading, but retreated as experts speculated that Iran is unlikely to close…
Global shipping companies and businesses are closely monitoring developments around the Strait of Hormuz, after Iranian threats to disrupt shipping following the U.S. strikes on its nuclear sites in its “Operation Midnight Hammer“ The U.S. warned Iran that any move to shut the Strait would be “economic suicide” and trigger a severe response. Why It…
A trader on the floor of the New York Stock Exchange during the first session of the new year on January 2, 2025, in New York City, U.S. Timothy A. Clary | Afp | Getty Images The U.S. joining the war between Israel and Iran might seem like a geopolitical flashpoint that would send markets…
Reporters photograph an operational timeline of a strike on Iran at the Pentagon on June 22, 2025, in Arlington, Virginia, U.S. Andrew Harnik | Getty Images News | Getty Images The United States conducted airstrikes on three of Iran’s nuclear sites on Saturday, entering Israel’s war against Tehran. The timing was unexpected. On Thursday, U.S….
Oil prices jumped more than 7% on Friday, hitting their highest in months after Israel said it struck Iran, dramatically escalating tensions in the Middle East and raising worries about disrupted oil supplies. Eli Hartman | Reuters Oil markets are entering a new phase of uncertainty after the U.S. joined the war between Iran and…
U.S. and Israeli flags projected on the historic walls of the Old City near Hebron Gate in Jerusalem, Israel, on June 22, 2025. Gazi Samad | Anadolu | Getty Images United States on Saturday conducted air strikes on three of Iran’s nuclear sites, entering Israel’s war against Tehran. The timing was unexpected. On Thursday, U.S….
People watch from a bridge as flames from an Israeli attack rise from Sharan Oil depot, following Israeli strikes on Iran, in Tehran, Iran, June 15, 2025. Majid Asgaripour | Via Reuters Oil futures jumped more than 2% at the start of the first trading session since the U.S. launched direct attacks against Iran, casting…
Satellite image of the Strait of Hormuz, a strategic maritime choke point with Iran situated at the top with Qeshm Island and the United Arab Emirates to the South. Imaged 24 May 2017. Gallo Images | Getty Images U.S. Secretary of State Marco Rubio on Sunday called for China to prevent Iran from closing the…
Senior Israeli officials said this week that their military campaign against Iran could trigger the fall of the regime, an event that would have enormous implications for the global oil market. The oil market has reacted with remarkable restraint as Israel has bombed the third-largest crude producer in OPEC for eight straight days, with no…
U.S., Israel and Iran flags are seen in this illustration taken June 18, 2025. Dado Ruvic | Reuters Oil prices fell more than 3% on Friday as President Donald Trump holds off for now on helping Israel to destroy OPEC member Iran’s nuclear program. Global benchmark Brent fell $2.78, or 3.53%, to $76.07 per barrel….