Oil Industry News
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Bessent Says US Is 'Suffocating' Iran With Oil Industry Creaking
Treasury Secretary Scott Bessent said the US is “suffocating” Iran with economic and financial pressure, suggesting that the rulers in Tehran will eventually buckle. “We are running a marathon over the past 12 months and now we…
Analysis: Why Iran's Oil Industry Is Increasingly Threatened By US Blockade
Even as Iran squeezes world energy supplies with its chokehold on the Strait of Hormuz, its own oil industry is increasingly being threatened by an American blockade. With no way to export the oil it is pumping out and diminishing room to store it…
US Futures Gain, Oil Falls on Signs of Iran Talks: Markets Wrap
US stock futures rose and oil fell as improving risk sentiment was buoyed by prospects of shipping resuming through the Strait of Hormuz and progress toward a US-Iran deal. S&P 500 Index futures gained 0.2% after the underlying gauge closed at a…
Asian markets are mixed and oil is steady after Wall Street hits records
Shares were mixed in Asia on Monday after U.S. stocks set more records, powered by strong profits for major companies. Oil prices held steady after U.S. President Donald Trump said the U.S. would help ships leave the Strait of Hormuz, starting on…
Ukraine war briefing: Strikes on Russia's Primorsk oil port and ships
Ukraine on Sunday launched a wave of strikes against Russian oil targets, hitting the key port of Primorsk on the Baltic Sea and three ships that Ukraine alleges were illegally used to transport Russian crude. A night-time drone strike started a…
Oil Declines Amid Mild Risk-on Sentiment
2334 GMT — Oil declines in early Asian trade amid mild risk-on sentiment. Iran delivered to the U.S. a new proposal for ending the war, though President Trump said he wasn't satisfied with it. The proposal has underpinned risk appetite…
Can higher oil prices negate damage to Qatari gas plant for Shell?
News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Shell is set to reveal how the Middle East conflict has…
Oil prices flat as Trump's plan for Strait of Hormuz fails to calm market
Oil prices are largely unmoved following United States President Donald Trump's announcement that the US will guide stranded vessels out of the Strait of Hormuz. Brent crude, the international benchmark, was essentially flat on Monday morning, as…
Asian markets are mixed and oil is steady after Wall Street hits records
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Trump may not be a fan of clean energy but Iran war is accelerating global shift from oil and gas | Heather Stewart
Operation Epic Fury has thus far achieved none of Donald Trump's war aims, but it may well accelerate the global transition towards the clean energy he loves to hate. Last week brought the latest exchange of verbal blows in the standoff over the…
Cuba gets trickle of intrepid tourists as Trump's oil blockade continues
Leslie Simon and Marc Bender had arrived in Havana for a 10-day holiday, despite their president's repeated threats of military action against Cuba. The two retired union lawyers from Los Angeles flew in via Miami sporting badges reading…
Trump's Iran War Caused a Massive Oil Crisis
As yet another day of Trumpian madness unfolds, we are not sure who wins the Doofus of the Day award – the Donald, again, or his unhinged Secy of the Treasury. As it happens, the latter was apparently making a run for the money earlier this…
U.S. hits crude oil export record as war keeps Strait of Hormuz closed
President Donald Trump signs a series of executive orders in the Oval Office of the White House on Thursday. Trump signed an order to expand workers' access to retirement accounts. Trump also signed legislation ending a 75-day partial shutdown of…
Oil prices hold steady after Trump says US to help ships leave Strait of Hormuz
Oil prices held steady after US president Donald Trump said the US would help ships leave the Strait of Hormuz, starting on Monday. Iran has rejected the plan, but Mr Trump also said talks with Iran could lead to positive outcomes. A statement from…
Trump Weighs Iran Proposal, Bessent on Iran Oil Pressure, More
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