Big banks poised to report booming revenue propelled by Iran war volatility
Expectations are high that when banks start posting second-quarter results Tuesday, led by JPMorgan Chase and Bank of America, revenue from trading equities and fixed income will approach, or even exceed, the records set earlier this year.
Oil hits one-month high as US, Iran step up attacks in Strait of Hormuz
Oil prices rose nearly 3% on Tuesday to their highest in four weeks, as the U.S. reimposed its naval blockade of Iran while the two countries stepped up attacks in the Strait of Hormuz, heightening uncertainty about energy flows.
Fuel prices likely to stay elevated as oil refining margins hit a record high
Though crude oil prices have ticked up as military activity between the US and Iran reignited, they remain far off their wartime highs.
Oil climbs as US strikes Iran following ship attacks
Oil jumped as the US struck targets in Iran in retaliation for attacks on shipping in the Strait of Hormuz, ramping up regional tensions.
Invictus hires contractors, preps for landmark Zimbabwe oil drilling in H2 2026
Invictus Energy Limited has hired key contractors for wellpad and civil works as the ASX-listed energy group prepares to commence drilling of its Musuma-1 exploration well in H2 2026 at the Cabora Bassa Project, in Zimbabwe.
Oil prices ease, rand strengthens and JSE recovers despite global tech jitters
South African financial markets entered the new week on a stronger footing as easing geopolitical tensions, improving local business activity and a firmer rand boosted investor confidence, even as mining shares continued to weigh on broader market performance.
Trump says fuel companies should lower prices
President Donald Trump slammed gasoline retailers for failing to lower prices for Americans.
US firm strikes crude oil in Côte d’Ivoire
U.S.-based Murphy Oil has made a fresh offshore oil discovery in Côte d’Ivoire, adding momentum to the West African nation’s push to become one of the continent’s leading hydrocarbon producers by 2035.
Oil climbs as US strikes Iran
Oil prices climbed on Wednesday, moving away from a seven-week low touched in the previous session, after the U.S. military launched new strikes against Iran and as market data showed another large draw in U.S. crude stocks.
Stocks near record high as crude oil drops on Iran
Global stocks climbed to approach a record high as crude oil fell after officials signaled the US was nearing a deal with Iran to reopen the Strait of Hormuz and restore oil flows. The dollar weakened.