Energy markets saw a massive correction on Tuesday after Donald Trump suggested that the US-Israel military campaign against Iran might be nearing its end. Brent crude, the global standard, dropped significantly after the President told reporters that the war was "very complete, pretty much." This news broke a week-long streak of record-breaking price increases that had pushed the cost of oil to its highest...
Global oil markets descended into chaos as fighting between Iran and Israel expanded to engulf energy infrastructure across the Gulf, raising the prospect of sustained disruption to one of the world's most critical supply corridors. Oil prices crossed $100 per barrel, their highest level in years.
Israeli strikes on Tehran's oil storage facilities killed four workers and sent black smoke billowing across the city. Iran's...
European lawmakers have formally halted the US trade agreement ratification process, challenging President Trump's attempt to link tariff policy with his territorial ambitions for...
Monday's trading sessions delivered dramatic results across global financial markets as precious metals achieved record-breaking price levels while European stocks retreated sharply. Gold climbed...
In a fascinating display of political maneuvering, Donald Trump has announced a 10% cap on credit card interest rates, effectively co-opting a policy championed...
American oil companies are maintaining careful silence following President Trump's bold claims that they're prepared to invest billions in Venezuela's oil infrastructure. The conspicuous...
The global oil industry has recorded its steepest yearly price drop since the coronavirus pandemic disrupted markets in 2020, with values falling approximately 20%...
