The United States has loosened Iran’s grip on the Strait of Hormuz and suppressed Iranian oil exports, yet the conflict launched in February remains deadlocked and costly.
Middle East oil exports surged to 16.3 million barrels per day in September 2026, marking the highest volume since tensions between the United States and Iran escalated in 2022.
U.S. Treasury Secretary Scott Bessent faces the House Financial Services Committee today as 10-year Treasury yields cross 5% for the first time since 2007.
Iran-aligned Houthi forces seized Yemen’s port city of Mocha and Perim Island in the Bab el-Mandeb Strait, while separate drone strikes hit Saudi Arabia’s major East-West oil…
Global oil prices surpassed $100 per barrel on Wednesday after American military forces destroyed five Iranian oil tankers in the Gulf of Oman and near Kharg Island.
Oil prices edged lower on Thursday as renewed U.S.-Iran military strikes raised fears of supply disruptions in the Middle East.
Global financial markets face pressure this week as geopolitical conflict in the Middle East drives oil prices upward, while investors prepare for critical economic releases…
U.S. annual inflation cooled to 3.4% in July, matching market expectations as gasoline and grocery prices dipped. American consumer prices rose at a slower pace in … Read more
Brent crude prices climbed more than 1 percent on Monday as Iran insisted the Strait of Hormuz will not reopen without major U.S. concessions, including war … Read more