All news on the topic: Oil Prices

The conflict in the Middle East is sustaining elevated energy prices for a more extended period than anticipated, European Central Bank Governing Council member Mārtiņš Kazāks stated, indicating that increases in interest rates are probable.

The U.S. economy gained 115,000 jobs in April, indicating that the labor market maintained its resilience despite a global energy shock caused by the U.S. war with Iran. The unemployment rate held steady at 4.3%.

Iran stated it had compelled a U.S. warship to retreat from entering the Strait of Hormuz on Monday, although U.S. Central Command swiftly denied a report of a missile strike.

President Donald Trump stated on Friday that the U.S. Navy was behaving "like pirates" while enforcing Washington’s naval blockade of Iranian ports during the U.S. and Israel’s war against Iran.

Donald Trump’s special envoy Steve Witkoff and the US president’s son-in-law Jared Kushner are traveling to Pakistan for peace talks with Iran on Saturday morning, according to the White House.

JPMorgan Chase CEO Jamie Dimon criticized New York City Mayor Zohran Mamdani’s far-left policy proposals on Monday, stating that heavy taxes and bureaucracy are already causing a “large exodus” of businesses from the Big Apple.

President Donald Trump will deliver a primetime address Wednesday night to announce that the month-long war in Iran is coming to an end, amid rising oil prices and increasingly poor poll numbers.

A missile attack on Israel by Iranian-backed Houthi rebels in Yemen on Saturday raises concern that Tehran’s proxies may once more attempt to block Red Sea shipping routes, as Iran’s control over the Strait of Hormuz keeps another important global trade passage virtually closed.

The leader of Saudi Arabia has called on Donald Trump to send ground troops into Iran, viewing the war as a ’historic opportunity’ for regime change.

Global stock markets experienced significant fluctuations, and oil prices fell on Monday after Donald Trump postponed US attacks on Iranian power plants for five days.

The US President is quickly proceeding to his next objective after claiming to have accomplished the "death of Iran".

The war in Iran has resulted in the most severe energy shock ever, warned the head of the International Energy Agency, adding that it might take six months or more to completely restore oil and gas flows from the Gulf.

Israel initiated a new series of attacks on Iran on Friday, following President Donald Trump’s warning not to repeat its strikes on Iranian natural gas infrastructure, which significantly intensified the U.S.-Israeli conflict with Iran.

As the Iran war drives oil prices above $100 a barrel, with ships being attacked and mines laid in the Strait of Hormuz, a taboo has been broken, and nuclear energy is back in vogue. European Commission President Ursula von der Leyen admitted that “the current Middle East crisis is a stark reminder” that it was “a strategic mistake for Europe to turn its back on” nuclear energy.

The White House is contemplating the removal of sanctions on Iranian oil currently at sea in order to maintain low oil prices, Treasury Secretary Scott Bessent stated on Thursday.

Donald Trump’s former choice to head the Bureau of Labor Statistics has stated that the US economy is too fragile to cope with oil priced at $100 per barrel, as he cautioned about increasing consumer prices caused by the conflict in Iran.

President Donald Trump has accused NATO members of making a "foolish mistake" by refusing to assist the US in securing the Strait of Hormuz during the war with Iran.

Three international survivors of a drone strike on a building in Dubai have been arrested after they shared photographs of the explosion with their loved ones, it has been claimed.

President Donald Trump’s military actions in Iran are effectively acting as a hidden tax on American households, economists warn, as rising energy costs threaten to cancel out the expected benefits from larger tax refunds this filing season.

President Donald Trump told NBC News that he is not ready to make a deal with Iran and suggested he might continue bombing Kharg Island—a critical island for Iran’s oil exports—“just for fun.”

The Pentagon is sending the USS Tripoli and thousands of military service members to the Middle East after President Trump promised on Friday to unleash “unparalleled firepower” on the “deranged scumbags” in charge of Iran.

A SAS base was targeted by a drone strike, injuring US soldiers, amid concerns that Vladimir Putin might be assisting the Iranians with their tactics.

President Trump instructed that 172 million barrels of oil be released from the United States’ Strategic Petroleum Reserve on Wednesday, following a surge in oil prices to their highest levels in years due to the U.S.’s conflict with Iran.

White House insiders revealed what President Donald Trump was contemplating next after the United States and Israel began initiating military strikes in Iran, according to a Wall Street Journal reporter on Wednesday.