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Oil Prices Slide to $93, US-Iran De-escalation Talks Set for Weekend
West Texas Intermediate (WTI) futures fell approximately 2% to near $93 a barrel. This decline follows reports that a U.S. delegation will travel to Pakistan...
IEA signals permanent global energy shift, following US-Iran oil crisis
IEA Executive Director Fatih Birol states the US-Iran oil crisis permanently transformed the global energy industry. Nations are losing trust in traditional...
Trump extends Jones Act waiver, lowering oil prices amid Hormuz crisis
The Trump administration extended a Jones Act waiver for 90 days on Friday. This executive action allows foreign-flagged vessels to transport fuel, including...
Trump extends Jones Act waiver, cooling oil prices amid Iran conflict
The Trump administration issued a 90-day extension of a Jones Act waiver on Friday. This policy permits foreign-flagged vessels to transport crude oil, refined...
Iran’s Ghalibaf Resigns, Sending Brent Crude Past $106 Over Nuclear Dispute
Mohammad Bagher Ghalibaf resigned as Iran's parliament speaker and lead negotiator on Friday. His departure followed an official reprimand for attempting to...
US Navy Blockades Strait of Hormuz, Choking 20% of Global Oil Supply
U.S. Defense Secretary Pete Hegseth announced that the American naval blockade of the Strait of Hormuz is expanding globally. Hegseth confirmed the U.S. Navy...
Brent Crude nears $107, as Hormuz Strait closure fuels price rally
Brent crude futures rose toward $107 per barrel on Friday. This extension of a multi-day rally follows an intensifying military standoff between the U.S. and...
Oil prices surge, following Trump's shoot and kill order against Iran
Brent crude futures rose 0.94% to $106.06 a barrel on Friday. West Texas Intermediate increased 0.73% to $96.56. These gains represent the second-largest...
Brent crude nears $107, as US-Iran standoff shutters Strait of Hormuz
Brent crude neared $107 per barrel on Friday, marking a fifth consecutive session of gains. The price surge follows a diplomatic stalemate between the United...
Trump orders Navy to shoot Iranian boats, spiking global oil prices
President Donald Trump ordered the U.S. Navy to shoot and kill Iranian small boats laying mines in the Strait of Hormuz. [2] This directive became effective...
U.S. Seizes Majestic X Tanker, Pushing Oil Prices Past $103
The U.S. military seized the Majestic X tanker in the Indian Ocean on April 23rd. The vessel was transporting sanctioned Iranian oil. The Department of Defense...
Brent crude hits $105, as US-Iran tensions block Strait of Hormuz
Tensions between the U.S. and Iran escalated on April 23, 2026. Iran maintained its closure of the Strait of Hormuz. The U.S. military confirmed it seized an...
Iran blocks Strait of Hormuz, driving oil prices above $105
Iran announced on April 23 that it will not reopen the Strait of Hormuz while a U.S. naval blockade remains active. Tehran recently seized two commercial...
Brent Crude hits $102, as Iran standoff blocks Strait of Hormuz
Brent crude traded above $102 a barrel on Thursday amid high market volatility. A tense standoff between the U.S. and Iran continues in the Strait of...
Iran ship seizures drive oil above $102, sparking Navy Secretary resignation
Iranian forces seized the MSC Francesca and Epaminondas container ships in the Strait of Hormuz. Crude oil prices jumped above $102 per barrel on April 22....
Exxon and QatarEnergy Ship First Golden Pass LNG, Boosting Global Supply
Golden Pass LNG, a joint venture between QatarEnergy (70%) and ExxonMobil (30%), exported its first cargo from Sabine Pass, Texas. This shipment marks the...
Iran Seizes Two Commercial Ships, Sending Oil Above $100
Iran’s Islamic Revolutionary Guard Corps (IRGC) seized the MSC Francesca and Epaminondas in the Strait of Hormuz. The IRGC escorted both commercial vessels to...
EU warns energy crisis surpasses 1973 shocks, citing U.S.-Iran conflict
EU Energy Commissioner Dan Jørgensen warned Thursday that the current energy crisis is more severe than the 1973 and 2022 oil shocks combined. The U.S.-Iran...
European Commission launches AccelerateEU to cut fossil fuel imports and costs
The European Commission unveiled AccelerateEU to bolster energy security and transition away from fossil fuels. This initiative responds to market volatility...
Chevron Wins Supreme Court Ruling, Shifting 42 Climate Lawsuits to Federal Court
The U.S. Supreme Court ruled unanimously in favor of Chevron regarding climate-related litigation. This decision allows the company to move 42 lawsuits from...