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Tag: oil prices

Trump warns Iran that every ship attack costs a bridge or plant

President Donald Trump issued a direct threat to Iran on Wednesday, warning…

Shekari Philemon

Gasoline hits $4 a gallon and a war is partly to blame

Gasoline prices crossed a threshold that tends to capture national attention on…

Shekari Philemon

Oil surges to four-week highs as US-Iran conflict and Hormuz fees spook markets

Oil prices climbed to their highest levels in four weeks on Tuesday…

Shekari Philemon

Trump reinstates Iranian blockade and announces 20% Hormuz cargo fee

President Trump announced Monday that the United States will reinstate its blockade…

Shekari Philemon

Oil prices collapsed 30% on Iran deal but Strait closure threatens rebound

Crude oil prices fell almost 30 percent over the past month, dropping…

Shekari Philemon

Oil falls and global stocks rally after US-Iran ceasefire deal

Financial markets around the world moved decisively on June 15 in response…

Shekari Philemon

Oil prices fall as demand destruction takes its toll

When oil prices start to come down, the instinct is to treat…

Shekari Philemon

Oil could surge far beyond current levels if the Hormuz blockade is fully enforced

Oil prices surged past $103 a barrel on Monday following the breakdown…

Shekari Philemon

Airlines cancel flights as jet fuel runs dangerously low

The disruption to global air travel that began with rising ticket prices…

Shekari Philemon

Trump declares other countries must take the lead on the Strait of Hormuz as markets brace for the worst

President Trump used his prime-time national address Wednesday night to declare that…

Shekari Philemon