Americans have been paying some of the highest prices for gas in years since the US attacked Iran in February. That war shows no signs of cooling off anytime soon. The US and Iran traded multiple strikes on each other’s oil tankers over the weekend. US Department of Energy Secretary Chris Wright, however, said, while
Donald Trump said the US has secured majority control of more than 65 billion barrels of Venezuelan oil. In a post on Truth Social on Friday, Trump said the US has reached “THE BIGGEST OIL DEAL IN WORLD HISTORY” with interim Venezuelan President Delcy Rodríguez and private companies, and that the agreement would come “at
Canada is escalating its response to President Donald Trump’s trade war, with another round of retaliatory tariffs set to take effect September 8. But two key Canadian exports — oil and potash, a key fertilizer ingredient — should stay out of the fight, one Canadian premier said Wednesday. “What we as a province cannot and
Oil market volatility continued Tuesday, as prices fell for a second day this week due to a lull in fighting and hopes rose that the United States and Iran would renew talks to end the war. Brent and US crude oil prices fell on Tuesday, extending Monday’s decline. Brent is down almost 16% in the
Markets were rocked on Wednesday by a major resurgence of hostilities between the United States and Iran. Oil prices soared and stocks fell as the conflict escalated again, prompting President Donald Trump to declare that the ceasefire that has been in effect since mid-April is “over.” West Texas Intermediate and Brent crude oil each rose
The Bureau of Labor Statistics published new consumer price index data last Wednesday, showing the inflation rate held steady at 2.4% in February as expected. Core inflation, which excludes volatile food and energy prices, also held steady at 2.5%. However, that report was based on data mainly gathered before the start of the Iran war,