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Opinion: War, oil shock, debt and inflation: Four horsemen of the fall apocalypse
Please log in to bookmark this story. Create Free Account John Rapley is a contributing columnist for The Globe and Mail. He is an author and academic whose books include Why Empires Fall and Twilight of the Money Gods. This week's U.S. inflation…
Iran push to control region's oil indicated by pipeline attack
A drone attack that closed a critical oil pipeline in Saudi Arabia shows a coordinated effort by Iran and its allies to control regional oil exports as part of Tehran's ongoing fight with the U.S., according to analysis. Drones hit the 745-mile…
U.S. redirects 100 ships as Iran tensions grip key oil route
The U.S. military said it has redirected 100 commercial vessels over the past 60 days while enforcing a maritime blockade against Iran, underscoring the high-stakes security dynamic in the critical Strait of Hormuz. In a statement released…
Costco Limits Engine Oil Purchases as Prices Climb Thanks To Trump
Published: September 12th, 2026 Costco has begun limiting how much motor oil each member can buy, imposing a two-per-customer, per-week cap on its Kirkland Signature full-synthetic as prices climb alongside a shrinking global supply. Ten quarts of…
Saudi Arabia shuts down oil pipeline, blaming drones from Iraq
Saudi authorities said Friday drones launched from Iraq led to the temporary closure of a crucial oil export route used to bypass the lockdown of the strait of Hormuz. Riyadh has increased its use of the East-West pipeline, which links Abqaiq, near…
US stocks jump after oil prices ease
NEW YORK — U.S. stocks rebounded Friday and regained much of their losses for the week after oil prices eased off their recent spurt. An update on inflation across the United States that came in close to economists' expectations, even if…
Trump has prioritized oil and minerals. Lower prices haven't followed.
President Donald Trump promised to ramp up natural resource drilling and mining as a way to create jobs and cut Americans' energy bills. His administration has acted on the pledge, but the results have mostly fallen short – in some cases…
New: Key Saudi Oil Lifeline to Red Sea Shut After Drone Strikes
Things in the Middle East just seem to get more complicated by the day. In the latest development, reports indicate that drone strikes originating in Iraq are responsible for the shutdown of a major oil pipeline by Saudi Arabia. The catch? This…
Trump sees Iran war ending soon after mid-term elections, predicts oil prices will then fall sharply
Trump said he expects the Iran war to end shortly after November's mid-term elections and oil prices to fall afterward. Oil prices pulled back Friday but posted sharp weekly gains as Brent settled above $104 a barrel and WTI above $100. Regional…
Oil's roundtrip back to $100. Why China could determine what happens next
China will play a pivotal role in deciding whether oil prices sustain this week's rally and potentially test wartime highs. The U.S. crude oil price on Thursday topped $102 per barrel for its highest close since May. The futures contract surged…
Map: Iran's ally poised to choke additional 10 percent of oil trade by sea
A rapid offensive by the Yemeni Ansar Allah movement, also known as the Houthis, has put a powerful Iranian ally in control of the nation's Red Sea coast and, with it, another key maritime corridor at the mercy of the Axis of Resistance. The Bab…
Saudi Arabia's shutdown of key pipeline limits oil flow as Yemen hits back against Houthis
Saudi Arabia has closed a critical oil pipeline after it was struck by drones launched from Iraq, the latest squeeze on Middle Eastern supplies after attacks by Iran-backed Houthi rebels this week threatened to deepen the world's energy crisis. The…
'To the victor the spoils': Trump's Venezuelan oil grab
It was “a predatory move” that reeked of old-school colonialism, said Le Monde (Paris). Last week, in a typically grandiose social media post, Donald Trump announced that the US and Venezuela had struck “THE BIGGEST OIL DEAL IN…
Futures: $100 Oil, Surging Yields Pressure Stocks. Fed Rate Hike Seen.
Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. Iran-related news will be focus over the weekend. The Federal Reserve meeting will take center stage this coming week, with markets largely pricing in an…
US oil giant Chevron confirms it will expand operations in Venezuela
Oil giant Chevron confirmed that it will expand operations in Venezuela after President Donald Trump announced an ambitious deal to develop the nation's oil reserves and give the Pentagon a stake in the profits. Chevron, the only U.S. oil company…
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