Oil Slides As Traders Price In A Hormuz Reopening
Crude fell sharply on the deal signal, though the strait stays shut and the blockade remains until any agreement is signed.
Energy
Inflation Jumps To A Three-Year High On The Energy Shock
May prices rose 4.2 percent from a year earlier, almost entirely on fuel, leaving the Fed boxed in before next week's meeting.
Wall Street Tumbles As Inflation And War Hit At Once
The Dow sheds more than 900 points after a three-year-high inflation print collides with the Gulf escalation.
Oil Climbs Again As The Strikes Revive Supply Fears
Crude jumps in early trading after the second night of attacks, with the risk premium back in an already tight market.
Solar Power Surpasses Wind In U.S. Clean Energy Milestone
According to the American Clean Power Association’s latest market report, utility-scale solar capacity has now surpassed wind power, helping push total U.S. clean energy capacity beyond 370 gigawatts.
Oil's Brief Retreat Ends As The Hormuz War Reignites
Crude had eased on hopes of a reopening deal, but the overnight strikes revive the supply-shock premium.
Tehran Tries To Put A Price On The Strait of Hormuz
Iran signals it will reopen the chokepoint only on its own terms, including a transit fee, keeping a risk premium under oil.
Analysts Warn Oil Prices May Rise Despite China’s Demand Slowdown
China cut crude imports from 11.7 million barrels per day in February to less than 9 million barrels per day by late May
IATA Warns Jet Fuel Spike Could Slash Airline Earnings
IATA Director General Willie Walsh said the conflict involving the United States and Iran has pushed oil and jet fuel prices sharply higher
Iran-Israel Conflict Sparks Sharp Rise In Global Oil Markets
Brent crude rose more than 4% to around $97 per barrel, while U.S. West Texas Intermediate crude gained over 4% to trade above $94 per barrel.
Oil Sticks In The Low $90s As Hormuz Stays Shut
A US-Iran deal keeps slipping over Lebanon, leaving the Gulf's chokepoint closed into a fourth month.
Report Claims Nuclear Talks With Iran Stalled Over Release Of $24B In Frozen Assets
Iran wants $12 billion released after an interim agreement is signed and another $12 billion at a later stage
Trump Unveils $700 Million Plan To Support U.S. Coal Industry
According to a White House official, the package includes $425 million for 13 existing coal-fired power plants.
What Trump’s $700 Million New Coal Plan Means For U.S. Energy Production
The proposal would reportedly use powers under the Defense Production Act of 1950 to strengthen domestic energy production as electricity demand continues to rise
Georgians Will Pay More At The Pumps Beginning Wednesday
The General Assembly passed a 60-day temporary moratorium on motor fuel taxes, which Gov. Brian Kemp signed