Oil extends gains with Brent at $120 as fears of an extended U.S.-Iran conflict rise
Oil extended gains Thursday on signs of a prolonged U.S. blockade of Iranian exports and stalled nuclear negotiations.
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Oil extended gains Thursday on signs of a prolonged U.S. blockade of Iranian exports and stalled nuclear negotiations.
The United Arab Emirates is walking away from OPEC this May. The New York Times’ energy reporter, Rebecca Elliott, breaks down how the war with Iran provided th
The price of crude oil has swung sharply as uncertainty over the war in the Middle East continues.
Future base rate changes are hard to predict as analysts judge the economic impact of the Iran war.
Oil prices extended their rally on Wednesday after reports emerged that the U.S. will tighten its blockade on Iranian ports, prolonging fears of reduced oil sup

Trump holds talks on prolonged Iran blockade, urges Tehran to reach a deal
Use of costly missiles and air defence interceptors raises alarm about US readiness for other conflicts
Powell's news conference after holding rates covered the US-Israel war with Iran, inflation, legal attacks, and the Fed's independence.
The oil shock and elevated inflation were top worries for investors in the bond market Wednesday, as Federal Reserve Chair Jerome Powell concluded his final pre
Meta beat on revenue, but showed disappointing user numbers and its capital expenditures were below estimates.
Powell's news conference after holding rates covered the US-Israel war with Iran, inflation, legal attacks, and the Fed's independence
The price of crude oil has swung sharply as uncertainty over the war in the Middle East continues.
Aside from earnings and any changes to the automaker's 2026 guidance, investors will be monitoring effects from the Iran war, tariffs and the pullback in EVs.

U.S. war in Iran has cost $25 billion so far, says Pentagon official

Oil soars, stocks dip on Iran worries, earnings in focus after Fed
As its cease-fire with Iran falters, the United States is significantly expanding its military capabilities in the Middle East, giving Washington the option of
The UK risks finding itself on the brink of recession as a result of the Iran war, a leading economics think tank has warned, as the potential damage to Rachel
Pakistan’s Prime Minister Shehbaz Sharif announced on Wednesday that the country’s oil import bill has jumped 167% to $800 million per week amid the war in Iran
President Trump reportedly rejected Iran's offer to end the U.S. blockade and open the Strait of Hormuz, sending crude oil prices surging 6%.
The Federal Reserve kept interest rates steady at what is likely to be Jerome Powell’s last policy meeting as chair.