Tag: Oil (Petroleum) and Gasoline
Yemen Tilts Toward Full-Scale War as Saudi-Houthi Clashes Escalate
With its oil-export routes once again under threat, Saudi Arabia is stepping up its military campaign against an old antagonist.
Oil Hits $100 a Barrel as Turmoil Intensifies in Middle East
The cost of crude has risen 40 percent since the start of the war in Iran, pushing up the price of gasoline, diesel and other refined fuels.
Iran Signals Readiness to Escalate War With U.S. Amid Rising Economic Pressure
The Iranian government is taking an increasingly aggressive approach as it confronts a growing economic threat and worries that its grip on the Strait of Hormuz is slipping, analysts say.
U.S. Strikes Iranian Oil Tankers, Drawing Threat of Reprisal
American forces were said to have hit multiple vessels in response to Iranian attempts to hit a U.S. warship.
Oil Prices Rise After U.S. and Iran Trade Strikes
Brent crude, the global benchmark for oil, rose to about $97 a barrel on Monday, while the national average price of gas was $4.15 a gallon.
OPEC Plus to Keep Oil Production Steady
The decision on Sunday by the cartel of oil-producing nations and some of its allies came after the resumption of U.S. and Iranian military strikes in the Persian Gulf.
Iran’s Attacks Keep the Strait of Hormuz in a Lethal Stalemate
The U.S. military is helping oil get out of the Persian Gulf on tankers, but Iran is still attacking the ships and scaring operators away.
A More Confident Iran Emerges After Six Months of War With the U.S.
New intelligence reports have assessed that Iran now has a far better understanding of its capabilities and the limits of U.S. power.
Yemen’s Houthis Push Toward Red Sea Strait as Ground Fighting Escalates
The Houthis, an Iran-backed militia, appear to be trying to gain control of a port city near the Bab al-Mandab Strait, a key choke point for global trade.
Bessent Blames Ukraine for High Energy Prices
After meeting with Russia’s finance minister, the Treasury secretary said Ukraine’s attacks on Russian oil infrastructure were contributing to a global energy shock.