Stocks tumbled on Monday and oil prices rose after Donald Trump and Iranian leaders traded threats over the key Strait of Hormuz, whilst Israel said the Middle East war could…
Iran strikes Israeli town near nuclear facility, threatens complete closure of Strait of Hormuz if US targets its power plants.
US President Donald Trump threatened to “massively blow up” a vast Iranian gas field unless Tehran stops striking Qatari energy facilities.
Geopolitical tensions are raising oil prices, prompting concerns of a new oil crisis, though experts suggest it’s premature to classify it as such.
The opening week of the war against Iran cost the United States more than $11.3 billion, lawmakers were told in a Pentagon briefing.
Oil prices surged past $100 a barrel on Wednesday as the escalating Middle East conflict triggered widespread disruptions to global energy markets and prompted emergency responses from governments worldwide.
The United Arab Emirates intercepted a missile and drone attack from Iran on Tuesday, as tensions escalated across the Middle East with fresh strikes on energy installations and conflicting statements…
Middle East war unlikely to trigger 2008-scale economic crisis but oil prices above $150 per barrel could cause 1973-style shock.
IIran and Israel exchanged missile strikes on Monday as conflict in the Middle East intensified, and oil prices surging above $100 per barrel.
US and Israeli strikes hit an oil depot in Tehran on Saturday, marking the first reported attack on the Islamic republic’s oil infrastructure.