By Scott DiSavino (Reuters) -U.S. energy firms this week cut the number of oil and natural gas rigs operating for an 11th week in a row for the first time since July 2020 when the COVID-19 pandemic cut demand for the fuel, energy services firm Baker Hughes said in its closely followed report on Friday….
U.S. President Donald Trump and Elon Musk attend a press event in the Oval Office of the White House in Washington, D.C., U.S., May 30, 2025. Nathan Howard | Reuters When they lose a significant other, most men do indeed become a “TRAIN WRECK.” Then they pick up the pieces of their lives and start living…
Through the 12 days of the recent Israel-Iran conflict, China moved quickly to position itself as a potential mediator and voice of reason amid a spiralling regional crisis. The day after Israel’s unprovoked attack on Iran on June 13, Beijing reached out to both sides to express its desire for a mediated solution even as…
U.S. President Donald Trump speaks to reporters onboard Air Force One en route to the NATO summit in The Hague, Netherlands, June 24, 2025. Brian Snyder | Reuters The ceasefire between Israel and Iran appears to be holding. In yesterday’s newsletter, we talked about how a blitzkrieg of missile-led diplomacy seemed to help de-escalate tensions….
Oil prices hit a five-month high over the weekend after the United States struck Iran’s nuclear facilities. Tehran retaliated with an attack on the US Al Udeid Air Base in Qatar, keeping global energy markets on edge. But oil prices dropped sharply on Tuesday after it appeared that Iran was holding off further attacks for…
My top 10 things to watch Tuesday, June 24 1. Is there an Israel-Iran ceasefire or not? President Donald Trump announced an agreement to end the conflict, but hours later, Israel accused Tehran of violating it. Trump said Israel will not go through with a retaliatory strike on Iran, and that the truce is still…
US President Donald Trump (L) greets Secretary of Defense Pete Hegseth as he arrives to address troops at the Al-Udeid air base southwest of Doha on May 15, 2025. Brendan Smialowski | Afp | Getty Images It’s a strange thought that launching attacks on other countries could lead to peace, but that seems to be…
Wall Street’s positive reaction to Saturday’s U.S. bombings in Iran suggests the oil-rich Mideast state is “not as relevant” to the stock market as it used to be, CNBC’s Jim Cramer said Monday. Indeed, U.S. oil benchmark West Texas Intermediate and global standard Brent were modestly lower early Monday, and the S & P 500…
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…