Tankers Move from Fuel to Crude Trade as War Upends Flows
The war in Iran and the closed Strait of Hormuz are accelerating a major shift in the oil tanker market, in which smaller tankers carrying fuels are becoming cr
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The war in Iran and the closed Strait of Hormuz are accelerating a major shift in the oil tanker market, in which smaller tankers carrying fuels are becoming cr

Treasury Secretary Scott Bessent said the US has seized nearly $500 million in Iranian crypto assets, surpassing the previously reported $344 million freeze.
Iran warned President Trump's naval blockade was “doomed to fail” as oil prices soared to their highest point in years with the standoff over the Strait of Horm
The war in Iran is fueling new inflation fears and higher gas prices with the national average jumping another seven cents to $4.30 for a gallon of regular gas.
Gross domestic product expanded at a 2 percent annual rate in the first three months of the year, a period that included the first weeks of conflict in the Midd
The longer the disruption to Middle East fuel supplies lasts, the risk grows that higher energy costs will feed into broader inflation that could dent economic
The war in Iran has pushed UK Inflation further above the Bank of England's 2% target.
The Bank of England votes for no immediate change to borrowing costs as it monitors the knock-on effects of the Middle East conflict.
Cruise bookings slowed in March and into April, but are now back above year-ago levels, Royal Caribbean says.
A key measure of inflation used by the Federal Reserve to set interest rates posted the biggest increase in March in almost three years, marking another major h
Brent crude surged to its highest levels since early 2022, before paring gains, as the Middle East conflict chokes supplies.
The U.S. and Iran are locked in a standoff that will only break when one side decides it can no longer tolerate the pain. Who will move is unclear.

Bitcoin price action remained weak as the US-Iran war delivered a Fed meeting that was the "most hawkish in years" and oil neared four-year highs.
Iran warned President Trump's naval blockade was “doomed to fail” as oil prices soared to their highest point in years with the standoff over the Strait of Horm
The Bank of England votes for no immediate change to borrowing costs as it monitors the knock-on effects of the Middle East conflict.
Oil futures tumbled in the early hours of Thursday, reversing direction after reaching a four-year high on a report that President Donald Trump is considering e

Gold prices rise as markets weigh easing dollar, Iran fears
Brent crude surged to its highest levels since early 2022, before paring gains, as the Middle East conflict chokes supplies.
The Bank of England voted to keep its key interest rate on hold at 3.75% on Thursday
Stocks looked set to fall on Thursday as investors tried to make sense of a deluge of Big Tech earnings and a sudden jump in oil prices. S&P 500 futures slid 0.