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U.S. stocks slipped at midday Monday as oil prices jumped and the 10-year Treasury yield climbed to its highest level since 2007, after President Donald Trump rejected Iran’s proposal to reopen the Strait of Hormuz and end the months-long standoff. Iran’s proposal to reopen the vital Hormuz waterway was rejected over t
U.S. diesel prices are hovering near record highs as the wars in the Middle East and Ukraine squeeze global refining capacity. A top European central banker warns high diesel prices could linger much longer. But some investors expect oil to tumble once the Strait of Hormuz reopens. The average price for a gallon (3.79
Iran says its proposal could reopen the strait and pause regional fighting within seven days if the US agrees. Reuters could not immediately confirm a Wall Street Journal report that Trump rejected the offer.
Iran says Hormuz to stay shut until US meets all demands Pezeshkian hopes for deal before US elections in November (Adds Pezeshkian's comment, paragraph 6; details throughout) By Parisa Hafezi and Don Durfee UNITED NATIONS, Sept 25 (Reuters) — Iran will show no flexibility over its nuclear program even if the United St
Houthis have hemmed in Yemeni government in south Government says its forces repel new Houthi push Fighting threatens key supply route to government base in Aden By Mohammed Ghobari and Timour Azhari Sept 24 (Reuters) — Yemen's Saudi-backed government forces repelled overnight attacks by the Iran-backed Houthis on a ke
Iran says new attack would trigger sustained retaliation against US bases and interests Iran says US regional allies would be considered parties to conflict US alert warns of unforeseen Middle East escalation, possible airspace closures (Adds no immediate Department of Defense response to request for comment) By Jana C
Iran says new attack would trigger sustained retaliation against US bases and interests Iran says US regional allies would be considered parties to conflict US alert warns of unforeseen Middle East escalation, possible airspace closures By Jana Choukeir DUBAI, Sept 20 (Reuters) — Iran warned on Sunday against any big n
Iran’s Parliament Speaker Mohammad Bagher Ghalibaf mocked the Federal Reserve’s rate hike on Wednesday, posting a satirical “Straits Taylor Rule,” arguing that Iran controls the main driver of inflation. ‘You Can’t 25bp a Chokepoint’ In the post on X, he said he wrote his own version of the Taylor Rule, the standard ec
Iran and Oman are reportedly in the final stage of talks on a temporary safe route in the Strait of Hormuz, with Iranian officials saying an agreement could come in coming days.
FAA is proposing permanent Special Air Traffic Rules restricting aircraft operations in the airspace around President Trump’s Mar-a-Lago resort in Palm Beach, Florida, after a Secret Service request.
Occidental, ConocoPhillips, EOG, Diamondback and Hibiscus said Strait of Hormuz disruption lifted realized oil prices and cash flow, with OXY reporting $96.78 a barrel and $2.40 adjusted EPS.
Iran has urged countries to resist Washington’s sanctions campaign while signaling that access through the Strait of Hormuz and a possible return to diplomacy could depend on the U.S. easing economic pressure and addressing wider Middle East conflicts. Iran Warns Countries Against US Sanctions On Friday, Iran’s Foreign
Iran’s foreign ministry spokesperson Esmaeil Baqaei said the Trump administration’s economic restrictions on Iran were “annihilating” international law and called the measures “systemic bullying” on X Tuesday.
Brent crude climbed more than 2% to around $93.80 a barrel, its highest level since July 24, after President Donald Trump announced sweeping economic measures targeting Iran.
Crude oil rises more than 2% to around $86.70 a barrel, the highest since July 24, after President Donald Trump announces sweeping economic measures targeting Iran.
TradeXchange Newsdesk reports experts say President Trump’s stated intent to declare the Strait of Hormuz US territory would face major legal obstacles under US constitutional requirements and international law.
Brent crude falls below $87 a barrel after five consecutive sessions of gains, as demand outlook concerns grow, disruption around the Strait of Hormuz continues, and US crude inventories surge by 17.4 million barrels.
Crude oil fell below $81 a barrel on Thursday after five straight gains as attention turns to weaker demand prospects, ongoing disruption around the Strait of Hormuz, and a 17.4 million-barrel jump in US inventories.
US official says Strait of Hormuz is open
US CENTCOM asserts Strait of Hormuz as international waterway
() -- West Texas Intermediate (WTI) crude oil surged 9.2% Monday to the highest in a month after the conflict between the US and Iran escalated over the weekend, fueling concerns about potential disruptions to global crude supplies. WTI crude oil closed up $6.73 to settle at $78.14 per barrel, the highest since June 15
When the Middle East conflict spikes, most investors rush to oil stocks and crude futures. That reaction makes sense, but it can miss a trade that often becomes just as important when geopolitical risk hits a major shipping chokepoint: the companies that can make more money when moving oil become slower, riskier, and p
() -- Oil rose to a three-week high early Monday after the conflict between the U.S. and Iran escalated over the weekend, fueling concerns about potential disruptions to global crude supplies. West Texas Intermediate crude oil was last seen up $2.40, or 3.4%, at $73.81, the highest since June 22, while September Brent
() -- The benchmark US equity measures were pointing lower before the opening bell Monday amid rising tensions in the Middle East, as markets awaited key inflation data and some major corporate earnings due later this week. The S&P 500 declined 0.4% and the Nasdaq was off 1.2% in premarket activity, while the Dow Jones
U.S. Central Command forces said they struck Iran at 7:15 p.m. ET Saturday, the third such strike this week, after Islamic Revolutionary Guard Corps forces attacked a container ship in the Strait of Hormuz. CENTCOM Details Tanker Attack, Hegseth Responds CENTCOM said in an X post that IRGC “forces blatantly attacked M/
() -- (Updates prices in the second paragraph.) West Texas Intermediate (WTI) crude oil closed lower Friday as fighting between the U.S. and Iran continues, while some ships continue to move out of the Persian Gulf through the Strait of Hormuz, boosting supply. WTI crude oil for August delivery closed down $0.67, or 0.
() -- Oil moved higher early Friday as fighting between the U.S. and Iran continues, while some ships continue to move out of the Persian Gulf through the Strait of Hormuz, boosting supply. West Texas Intermediate crude oil for August delivery was last seen up $0.61, or 0.9%, to $72.69, while September Brent oil was up
() -- The US Central Command said on Wednesday that it has launched additional strikes against Iran, acting per President Trump's instructions, according to an X post. "At the direction of the Commander in Chief, US Central Command forces have started conducting additional strikes against Iran to further degrade their
() -- (Updates with stock and oil price moves, and additional details from sixth paragraph onward.) US equity futures were mostly lower pre-bell Tuesday as technology-related stocks dropped and oil prices rose after a couple of vessels were damaged in the Strait of Hormuz, potentially complicating peace talks to end th
() -- US equity futures were mostly lower pre-bell Tuesday as technology-related stocks dropped and oil prices rose after a couple of vessels were damaged in the Strait of Hormuz, potentially complicating peace talks to end the US-Iran war. Dow Jones Industrial Average futures were 0.3% higher, S&P 500 futures were dow