Stocks slide and oil prices climb
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Nine tankers have now been hit, including by remote control boats with explosives. And Putin issues a new energy threat.
Oil prices hold the key to when the stock market is about to rebound. History suggests investors should pay more attention to global crude levels than war headlines. During major
Crude futures rose to their highest settle level since July 2024 as the armed conflict in the Persian Gulf disrupted supply and raised concerns it will lead to production shut-ins as regional storage facilities fill up.
Venezuela state oil company Petróleos de Venezuela S.A. announced signing new contracts to supply crude oil and refined products for the U.S. market.
Oil prices surge past $83 as markets price two scenarios in Iran: regime fragmentation with no interlocutor, or a hostile successor Trump can't work with.
Gas and home heating oil prices are on the rise as energy infrastructure falls victim to the escalating Iran war.
By closing the Strait of Hormuz and attacking oil and gas facilities in Gulf countries, Tehran is driving up hydrocarbon prices. But renewable energy – largely dominated by China – is not immune to