Oil Jumps 7% to Above $100 Ahead of US Blockade on Strait of Hormuz
Summary Iran peace talks yield no agreement Trump vows to blockade Strait of Hormuz Military vessels approaching strait to be viewed as ceasefire breach – Iran’s Guards (Reuters) – Oil…
Trump Says Gas Prices May Remain High Through November Midterm Election
Summary Trump announces US naval blockade of Strait of Hormuz Democratic senator questions Trump’s strategy Trump’s approval rating slumping since war on Iran began MIAMI, April 12 (Reuters) – U.S.…
Trump Says US to Start Blockading the Strait of Hormuz Immediately
President Donald Trump on Sunday said the U.S. Navy would immediately start blockading the Strait of Hormuz and would also interdict every vessel in international waters that had paid a…
Vance Warns Iran Not to “Play Us” as He Prepares for Talks
(Reuters) – Vice President JD Vance said on Friday he was looking forward to having positive negotiations with Iran as he left for talks in Pakistan with a warning to…
US Loans 8.5 Million Barrels of SPR Oil in Second Batch Since Iran War
(Reuters) – The U.S. Department of Energy said on Friday it had loaned 8.48 million barrels of crude oil from the Strategic Petroleum Reserve to four oil companies, the second…
What the Trump Tax Breaks Giveth, the Gasoline Pump Taketh Away
By Rising gas prices threaten to offset tax refund gains, especially for lower-income Americans Wealthier taxpayers benefit more from new deductions, data from Tax Foundation and IRS shows Economists cut…
US Drillers Cut Oil and Gas Rigs for Third Time in Four Weeks, Baker Hughes Says
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for the third time in four weeks, energy services firm Baker Hughes said…
Occidental Reports Lower Realized Oil Prices Even as Iran Conflict Drives Up Crude Rates
(Reuters) – Shale producer Occidental Petroleum said on Friday its worldwide average realized oil prices fell about 1.6% year-on-year in the first quarter, despite higher benchmark crude rates amid Middle…
Oil Ends Lower Ahead of U.S.-Iran Ceasefire Talks, Posts Steepest Weekly Loss Since 2022
Summary Attacks have cut Saudi oil output by 600,000 bpd, state news agency says Shipping at near-standstill in Strait of Hormuz Brent down 12.7%, WTI down 13.4% this week Russia’s…
Ranked: The Countries Building the Most Nuclear Power – Visual Capitalist
By Key Takeaways China is on track to more than double U.S. nuclear capacity, reaching nearly 186 GW. The U.S. leads today but ranks second when planned projects are included.…
