Why Did Oil Prices Rise After The Red Sea Tanker Attack
Brent crude rose more than 1.2% to $80.32 a barrel, while U.S. West Texas Intermediate futures gained 0.67% to $76.28
Energy
Saudi Aramco Reports Strong Q2 Earnings
CEO Amin H. Nasser said the company's infrastructure, storage capacity and export terminals helped maintain production despite regional instability.
Record Europe Heat Puts Hungary's Nuclear Plant At Risk
Hungarian Prime Minister Péter Magyar said the coming days would be critical, although updated water forecasts offered slight optimism.
Why Did Oil Prices Fall After Trump's Iran Announcement
West Texas Intermediate crude dropped more than 6% to about $79 per barrel, while Brent crude fell over 5%
Silicon, Not Software, Will Decide the AI Race
AI leadership will be determined less by chatbots than by the nations that control chips, power, factories, and the infrastructure behind them.
Chevron, Exxon Post Higher Profits On Rising Crude Prices
Chevron's net income climbed to $12 billion, nearly four times higher than a year earlier, while adjusted earnings exceeded Wall Street expectations.
Oil Prices Steady As Hormuz Traffic Gradually Recovers
According to Commonwealth Bank of Australia, shipping through the Strait of Hormuz has recovered to about 30% to 35% of pre-conflict levels.
What Triggered The Latest Surge In Crude Oil Prices
Iran targeted a U.S. military base in Jordan, while U.S. Central Command said all incoming missiles were intercepted
Data Center Boom Forces US Grid To Ration Electricity
The policy will take effect in June 2027 and apply to data centers consuming at least 50 megawatts of electricity
Iran War Drains America's Strategic Oil Reserve
The reserve declined from 415.4 million barrels in March to 311.4 million barrels by mid-July, a drop of nearly 25% in 17 weeks
Russian Attack Triggers Major Power Outage In Northern Ukraine
Utility crews were working to restore service, while Kyiv's air defenses responded to a separate Russian aerial attack targeting the Ukrainian capital
Which Countries Are Concerned About The Saudi-US Nuclear Pact
The most controversial element is a reported provision that could eventually allow Saudi Arabia to enrich uranium domestically under reduced international oversight.
US, Saudi Arabia Advance 30-Year Nuclear Pact
Under the agreement, American companies would provide technology and technical expertise to help develop Saudi Arabia's civilian nuclear program.
Strait Of Hormuz Fears Push Oil Prices Higher
President Donald Trump said the United States was "not finished" with military operations against Iran
Americans Face Higher Fuel Costs As Iran Conflict Escalate
Brent crude oil climbed above $90 a barrel for the first time since early June, while West Texas Intermediate also posted sharp gains