Crude Oil

U.S. stock futures mostly advanced on Monday, as President Donald Trump announced “Project Freedom” to guide ships of neutral countries stranded in the Strait of Hormuz out of restricted waters. S&P 500 futures gained 12.25 points, or 0.17%, to 7,270.25 and Nasdaq 100 futures ...

Governor Gavin Newsom (D-CA) slammed President Donald Trump on Saturday as gas prices continued to surge amid escalating tensions in the Middle East due to the ongoing U.S.-Israel and Iran war. Trump Iran War Tax In a post on the social media platform X, Newsom’s official Press Office handle...

Sen. Elizabeth Warren (D-Mass) criticized President Donald Trump on Saturday for prolonging the conflict in Iran, which has led to a surge in oil prices and, in turn, resulted in budget airline Spirit Aviation Holdings Inc. (OTC:FLYYQ) ceasing operations. Iran War Final ‘Nail In The Coffin,...

Seven OPEC+ producers said on Sunday they will dial back part of their extra voluntary cuts by 188,000 barrels per day starting in June 2026, framing the move as a calibrated step aimed at keeping the oil market steady. The decision lands as the United Arab Emirates announced it will withdraw from...

President Donald Trump is reportedly scheduled to review potential military strategies for Iran on Thursday, signaling a possible return to significant combat operations. Trump would be briefed by CENTCOM Commander Adm. Brad Cooper on new strategies for potential military action in Iran, reported...

Sen. Elizabeth Warren (D-Mass.) reignited allegations of insider trading against President Donald Trump and the White House on Wednesday amid escalating tensions in the Middle East, which have sent oil prices surging. Americans Deserve Answers In a post on X, Warren criticized Trump, saying that...

The U.S. Treasury, on Tuesday, warned banks of sanctions if they support transactions with Chinese "teapot" refineries importing Iranian oil, saying the funds aid Iran's regime, military, and weapons programs. The Department noted that China buys about 90% of Iran's oil exports, with these...

Investor Ross Gerber, co-founder of investment firm Gerber Kawasaki, said on Tuesday that the world should move on from oil, as the UAE announced its exit from the Organization of the Petroleum Exporting Countries (OPEC) and OPEC+. Death Blow To Oil In a post on X, Gerber shared his thoughts,...

One day, 2026 might enter the history books alongside 1973 as a year that reordered the global energy landscape. The Iran war has effectively locked down the Strait of Hormuz and baked in the loss of at least 1 billion barrels of supply ― and the snowballing impact of the event is reordering global...

Economist and former Secretary of Labor Robert Reich on Saturday criticized President Donald Trump‘s approach to the war in Iran, saying that the situation in the Middle East has raised doubts among Trump’s core MAGA supporter base. An Important Lesson In an episode of Reich’s...

Budget airline operators Frontier Group Holdings Inc. (NASDAQ:ULCC) and Avelo are reportedly among a group of airlines seeking a $2.5 billion relief package from President Donald Trump in exchange for convertible equity stakes in the companies. Jet Fuel Costs On Sunday, the Wall Street Journal...

Traders reportedly placed bets worth $430 million on a decrease in crude oil prices, just 15 minutes before President Donald Trump announced an extension of the ceasefire with Iran on Tuesday. This marks the fourth instance of large, well-timed directional oil bets placed just ahead of...

U.S. Treasury Secretary Scott Bessent highlighted the impact of the U.S. Navy’s ongoing blockade of Iranian ports on Iran’s oil revenue. He took to X on Tuesday to reiterate that President Donald Trump would continue with the blockade on the Strait of Hormuz, and “In a matter of...

The Iran war has disrupted multiple sectors, with aviation and energy industries among the hardest hit as regional tensions escalate. South Korea Introduces Driving Bans South Korea remains one of the regions most severely affected by the fuel shortages as the country relies on imports for over 90...

Governor Tim Walz (D-Minn) on Sunday accused President Donald Trump of insider trading as oil prices surged following the closure of the Strait of Hormuz. How Much Will Trump Make? In a post on the social media platform X, Walz quoted a post by CNBC, which said that oil prices surged 7% after...