Brent crude hovers near $90 as Iran vows not ‘a single drop’ of oil or gas will transit Hormuz
Oil prices rose Monday as the conflict between the U.S. and Iran has heightened concerns over disruptions to energy shipments through the Strait of Hormuz, following another round of U.S. strikes and American military casualties.
Oil prices rise as U.S.-Iran hostilities threaten supply through Strait of Hormuz
Oil prices rose Friday as investors weighed escalating tensions between the U.S. and Iran after Tehran vowed to target regional infrastructure if President Donald Trump followed through on threats to strike the country’s key facilities.
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.
U.S. and Iran exchange strikes as Strait of Hormuz standoff escalates
Iran responded to a fresh wave of strikes from U.S. forces over the weekend by launching an attack on American military bases in several Gulf states, deepening a standoff over the strategically vital Strait of Hormuz.
Mortgage rates edge higher as US-Iran ceasefire falls apart
Mortgage rates moved higher this week as the US and Iran traded new strikes, sending bond yields and oil prices higher once again.
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.
US Defence Agency seeks to buy up to US$300 million of lithium
The US Department of Defense is buying lithium for its strategic stockpiles as the nation ramps up efforts to reduce supply risks for critical minerals. The Defense Logistics Agency (DLA) is seeking offers for almost 36-million pounds, about 16 000 tons, of battery-grade lithium carbonate over the next five years in a contract worth as […]
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.
Central banks think the US has become riskier. Plan to sell dollars, buy gold
More central banks plan to cut their dollar holdings than increase them over the next decade for the first time, according to a global survey, reflecting a rise in political risk associated with the US currency.
World Cup viewership is booming in the US
As the knockout rounds of the World Cup begin, Fox and Telemundo can be crowned as two of the biggest winners off the field.