Oil prices fell sharply Tuesday after President Donald Trump said China can keep buying oil from Iran, a sign that the U.S. is easing its maximum pressure campaign on the Islamic Republic in the wake of a ceasefire with Israel. Global benchmark Brent fell $3.33, or 4.66%, to $68.15 per barrel by 10:18 a.m. ET. … Read more
Brent crude prices pared gains from the previous session and fell nearly $2 on Friday after the White House delayed a decision on U.S. involvement in the Israel-Iran conflict, but they were still poised for a third straight week in the black. Ilan Rosenberg | Reuters Oil futures fell sharply on Tuesday as a freshly … Read more
It’s called the world’s most critical oil choke point — and Iran holds the power. Washington’s strikes on Iran stoked fears that Iran could retaliate by closing the Strait of Hormuz, a waterway between Iran and Oman through which around 20 per cent of the oil and gas consumed globally flows. Oil prices tumbled Monday after Iran’s initial retaliation didn’t appear to … Read more
Sales of previously owned homes rose very slightly in May, up 0.8% from April, to a seasonally adjusted, annualized rate of 4.03 million units, according to the National Association of Realtors. Housing analysts had been predicting a 1% decline. Sales were 0.7% lower than May of last year. Sales were strongest in the Northeast, up … Read more
Oil prices jumped and stock futures slipped Sunday evening, indicating concern among investors about the possibility of economic fallout from the ongoing unrest in the Middle East following U.S. strikes against Iran’s nuclear facilities. The major focus is on oil. Iran remains a major international oil supplier, and it also sits on the Strait of … Read more
Oil futures jumped 3% at the start of the first trading session since the U.S. launched direct attacks against Iran, casting further shadow over the supply outlook in the embattled oil-rich Middle Eastern region. U.S. crude oil on Sunday evening rose $2.30, or 3.1%, to $76.14 per barrel, while global benchmark Brent jumped $2.38, or … Read more
Senior Israeli officials said this week that their military campaign against Iran could trigger the fall of the regime, an event that would have enormous implications for the global oil market. The oil market has reacted with remarkable restraint as Israel has bombed the third-largest crude producer in OPEC for eight straight days, with no … Read more
Smoke blankets the sky above Tehran, Iran, following explosions in the capital after the Israeli army hit Iranian targets, on June 18, 2025. Anadolu | Anadolu | Getty Images Oil prices rose by about 3% on Thursday, after Prime Minister Benjamin Netanyahu ordered Israel’s military to intensify attacks against Iran and investors watched for signs … Read more
A worker handles sacks of brown rice at a Shinmei Co. plant in Kawaguchi, Saitama Prefecture, Japan, on Tuesday, Sept. 24, 2024. Bags of rice are expected to start filling the shelves of Japan’s supermarkets again soon as farmers harvest their new crop, though the increase in supply will do little to tame higher prices. … Read more
Fire and smoke rise into the sky after an Israeli attack on the Shahran oil depot on June 15, 2025 in Tehran, Iran. Getty Images | Getty Images News | Getty Images The CEOs of two major energy companies are monitoring the developments between Iran and Israel — but they aren’t about to make firm … Read more