Oil rises as Iran’s draft plan sees U.S. and Israel banned from Strait of Hormuz
Oil rose Friday amid worries over supply disruptions after Iran published a restrictive draft plan for the Strait of Hormuz.
Exxon made $160 million per day in last quarter as oil prices surged
ExxonMobil raked in $14.5 billion in profit during the second quarter, more than doubling its year-earlier earnings and its highest haul since 2022 during the onset of the Russia-Ukraine war. Broken down, Exxon made about $160 million per day last quarter.
Oil drops over 5pct as Middle East tensions ebb on diplomatic efforts
Oil prices fell Monday in Asia trading as investors pared geopolitical risk premiums after U.S. President Donald Trump said he had called off a planned strike on Iran.
Oil jumps 20pct in July as war festers with blockades, attacks
Oil fell at the end of a volatile week, but remained on track for the biggest monthly gain since March as the US-Iran war escalated.
Oil slumps as US pause of Iran strikes cools regional tensions
Oil sank after the US paused strikes against Iran, easing tensions even as the Houthis claimed attacks against Saudi targets.
Brent oil nears $100 on supply fears
Brent crude traded near $100 a barrel after Houthi attacks on tankers in the Red Sea opened a new front in the Middle East conflict, while President Donald Trump threatened to extend US strikes on Iran.
US gas price back $4
The average price US drivers pay for a gallon of gas has hit $4, as fighting between the United States and Iran intensified, further disrupting oil flows through the Strait of Hormuz.
Iran war has cost US $37.5bn so far, Hegseth says, as Pentagon seeks billions more
The war with Iran has cost the US some $37.5bn (£28bn) so far – an increase of nearly $8bn since the last estimate in May, Defence Secretary Pete Hegseth has said.
African central banks set to hold rates as inflation fears grow
African policymakers are set to keep interest rates higher for longer as renewed hostilities between the US and Iran fan fresh inflation fears, especially in countries that are net fuel importers.
US-Iran strikes extend to 10th day as Houthis threaten new front
The US and Iran exchanged strikes for a 10th consecutive day even as mediators sought to revive a truce, while the Houthi militant group in Yemen threatened shipping in the Red Sea.