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World politics
fromwww.theguardian.com
1 day ago

The great energy pivot: US oil and Chinese solar are the winners in Trump's war on Iran

The US is set to increase its share of the global oil market amid a supply crisis caused by Middle East conflicts.
World news
fromThe Atlantic
1 month ago

Trump Is Kicking the Economy While It's Down

Major downward revisions to economic data reveal approximately one million fewer jobs than previously reported, coupled with weak growth, elevated inflation, and potential oil supply disruptions from Middle East tensions that could trigger recession.
World politics
fromFortune
1 month ago

'The United States is undermining itself': China is ignoring Trump's Hormuz request as the Iran war deepens and his Beijing trip slips | Fortune

Trump's Iran military operation has stalled with oil blocked at the Strait of Hormuz and U.S. allies refusing support, forcing Washington to potentially rely on China, its strategic rival, to resolve the crisis.
World politics
fromFortune
1 month ago

Venezuela has the world's largest proven oil reserves, but it can't solve for the Strait of Hormuz 'math problem' | Fortune

Venezuelan oil production increases cannot offset massive global supply losses from Iran's closure of the Strait of Hormuz, which handles 20% of world oil and liquefied natural gas daily.
World news
fromFortune
1 month ago

There's an oil price scenario that would bring the US economy to a 'standstill; | Fortune

War in Iran blocks the Strait of Hormuz, removing eight million barrels daily from global oil supply—the largest disruption in history—causing oil prices to surge and threatening economic growth worldwide.
World news
fromwww.theguardian.com
1 month ago

Middle East war creating largest supply disruption in the history of oil markets'

Iran's blockade of the Strait of Hormuz creates the largest oil supply disruption in history, exceeding previous crises, prompting the IEA to authorize record emergency reserve releases.
#middle-east-conflict
World news
fromwww.theguardian.com
1 month ago

Global stock markets tumble as Trump bid to avert oil crisis in strait of Hormuz fails to reassure

Global markets declined sharply as Middle East conflict closed the Strait of Hormuz, disrupting oil supplies and triggering worldwide economic concerns despite US military intervention efforts.
World news
fromwww.theguardian.com
1 month ago

Global stock markets tumble as Trump bid to avert oil crisis in strait of Hormuz fails to reassure

Global markets declined sharply as Middle East conflict closed the Strait of Hormuz, disrupting oil supplies and triggering worldwide economic concerns despite US military intervention efforts.
more#middle-east-conflict
fromAxios
1 month ago

Trump's limited gas-price options on Iran

Tapping reserves "will slow rather than stop rising oil prices and offer a temporary salve to the searing burn of rising gasoline prices," RSM Chief Economist Joe Brusuelas said in a blog post.
Miscellaneous
Europe news
fromBusiness Insider
1 month ago

Map shows gas prices have risen above $3 a gallon in every US state - the first time since 2023

Every US state now has average regular gas prices above $3 per gallon for the first time since 2023, with the national average at $3.58.
Tech industry
from24/7 Wall St.
1 month ago

Live Nasdaq Composite: Tech Sentiment Improves but Oil a Wildcard Over Markets

Mixed markets face Middle East tensions and oil supply disruptions, while tech stocks gain on strong Oracle earnings and chip sector strength.
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