Oil prices are falling and stocks are up. Traders worry they’ve gone too far
Summary Gas prices have dropped below $4 a gallon and stocks are near record highs after the Strait of Hormuz reopened. But analysts warn that markets may be pricing in…
Russian oil refinery on fire after barrage of Ukrainian drones strike Moscow | Russia
Ukrainian drones have hit several locations across Moscow, including setting an oil refinery on fire, sending out flames and towering plumes of smoke over the city and forcing the capital’s…
Piper Sandler says Strait of Hormuz to remain closed for months and oil to hit new highs
Piper Sandler isn’t buying the talk that an Iran deal is nearing, telling clients that the Strait of Hormuz will largely stay closed and oil will hit new highs. “We…
Oil prices could hit $160 as ExxonMobil shareholders approve move to Texas
‘The Big Money Show’ panelists discuss the U.S. and Iran reaching a deal to extend the ceasefire, the situation in the Strait of Hormuz and the impact on the markets.…
Oil prices fall 20% as traders eye U.S.-Iran ceasefire breakthrough
Global oil prices have tumbled by around 20% from 2026 highs as investors have grown increasingly optimistic on prospects for a long-lasting ceasefire deal between the U.S. and Iran, which…
U.S. oil falls amid hopes that a U.S.-Iran agreement will restore Hormuz traffic
Oil prices fell Wednesday after Secretary of State Marco Rubio said the U.S. will give talks with Iran “every chance to succeed.” West Texas Intermediate futures tumbled 4.12% to $90.02…
Dow, S&P 500, Nasdaq slip as oil rises, AI trade takes a breather
Apple (AAPL) notched its first intraday record high since December after closing at a record Wednesday. Similarly, the Roundhill Magnificent Seven ETF (MAGS) hit its first all-time intraday record since…
Live updates: Iran war, Trump to pause ‘Operation Freedom’ in Strait of Hormuz as oil prices drop
Iranian FM meets with Chinese counterpart to discuss “regional and international developments” Iranian FM meets with Chinese counterpart to discuss “regional and international developments” 2:09 Iranian Foreign Minister Abbas Araghchi…
EOPL: The lawless floating gas station where the Iranian shadow fleet trades oil
In the year leading up to its dramatic seizure by US forces in the Indian Ocean, the oil tanker known as the MT Tifani made several trips between Iran and…
PM confirms purchase of 100m litres of diesel in bid to boost supply amid Iran war oil crisis
The prime minister has confirmed that new powers allowing the federal government to underwrite the delivery of additional fuel cargoes have been used to purchase 100 million litres of diesel.…
