The recent tensions between Iran and Western forces have pushed oil prices sharply higher, a change that ripples through the entire supply chain. When diesel climbs, shipping companies add extra fees to keep their operations profitable, and those costs are quickly passed on to shoppers. In the U.
A war that began with U. S. and Israeli air strikes two weeks ago is far from over, according to both sides. President Trump claims the United States has “won” the conflict but wants to finish it decisively, while Iran warns that oil could skyrocket to $200 a barrel if tensions continue. The fightin
Recent incidents in the Gulf show that unmanned surface vessels, or sea drones, are being used to attack oil tankers. Two separate attacks have already occurred since the conflict between the United States, Israel and Iran began. The first hit a tanker named MKD VYOM about 44 nautical miles off Om
The International Energy Agency (IEA) has decided to put 400 million barrels of oil into the market, its biggest release ever. This move follows earlier releases during Russia’s invasion of Ukraine and the Gulf War, showing how the IEA steps in when supply is threatened. Germany, Austria and Japa
The market stayed calm on Wednesday, even though hostilities between Iran and Israel—along with strikes against U. S. allies—continued to flare. Traders around the globe kept a close eye on the Strait of Hormuz, a narrow channel that links the world’s top oil producers to buyers. This passage carrie
President Trump has always linked the economy to stock and oil numbers. When U. S. forces hit Iranian targets last week, global energy markets reacted sharply. Oil prices climbed, with Brent crude almost 65 percent higher than before the conflict began. At the same time, stock markets fell.
The U. S. inflation rate stayed flat in February, matching what economists had predicted. Prices climbed 2. 4 percent compared with a year earlier, leaving the rate unchanged from January and just above the Federal Reserve’s 2 percent goal. Fuel costs, however, jumped sharply as traders braced fo
The war near the Strait of Hormuz has entered its twelfth day, and the world is watching closely. A drone strike on a U. S. operations center outside Kuwait killed six soldiers and left many others with serious injuries, such as brain trauma, shrapnel wounds, burns, and amputations. One survivor tol
The body’s internal clock can change how we react to food. A new study shows that eating fried oil at the wrong time of day can damage kidneys. Mice that ate oxidised frying oil whenever they wanted had trouble turning certain harmful molecules, called epoxides, into safer ones, called diols. Thi
The International Energy Agency has decided to make a record‑sized move by putting 400 million barrels of oil into the market. This is the biggest emergency release it has ever carried out, and it aims to soothe the shock caused by fighting in Iran. The agency did not give a specific date for when t
