Mar 27market
Slovenia rations fuel as Europe scrambles to contain energy fallout
Slovenia imposed a 50-liter daily cap on fuel purchases, the first EU rationing during the Iran war. Spain, Germany and France rolled out billions in emergency aid.
Energy Market News
Latest news and analysis on oil, gas, and commodity markets
Mar 26market
Gas prices jump $1 in a month as Iran war squeezes American wallets
The national average hit $3.98 a gallon on Wednesday, up from $2.98 before the strikes on Iran began. Diesel jumped 44% to $5.38, adding pressure to food and shipping costs.
Mar 26oil
Oil surges 5% as Iran rejects Trump ceasefire and demands Hormuz control
Brent crude jumped back above $107 a barrel on Thursday after Iran dismissed the US 15-point peace plan and demanded sovereign control over the Strait of Hormuz.
Mar 25market
Shell CEO warns Europe faces fuel shortages by April
Shell's Wael Sawan told CERAWeek that jet fuel is already tight in Europe, with diesel and gasoline squeezes expected before summer driving season.
Mar 25oil
Trump pitches 15-point Iran peace plan as oil drops below $90
A US ceasefire proposal delivered through Pakistan demands Iran dismantle its nuclear sites and reopen Hormuz. Tehran rejected the terms within hours.
Mar 25oil
Iran offers Hormuz safe passage, but the fine print scares shippers
Iran says non-hostile vessels may transit the Strait of Hormuz under its rules. Shipping firms are not rushing back. Only five ships crossed on Monday.
Mar 24oil
Trump says Iran gave the US an oil 'present' tied to Hormuz
Trump claims Iran sent a gift "worth a tremendous amount of money" related to oil and the Strait of Hormuz. Nobody knows what it is. $580M in trades hit before he spoke.
Mar 24oil
Valero shuts 435,000 bpd Texas refinery after explosion hits diesel unit
An explosion ripped through a diesel hydrotreater at Valero's Port Arthur refinery Monday night, forcing a full shutdown of one of the largest US refineries.
Mar 23analysis
The $30 oil swing: how one Truth Social post moved markets
Brent crude swung in a $17 range Monday alone. Over 24 days, oil has gone from $68 to $119 and back to $100 on little more than presidential posts and war headlines.
Mar 23oil
Oil plunges 14% as Trump pauses Iran strikes, cites productive talks
Brent crude crashed below $99 a barrel after Trump delayed power plant strikes for five days. Tehran denies any talks are happening.
Mar 22oil
Trump gives Iran 48 hours to reopen Hormuz or face power plant strikes
Trump threatened to obliterate Iran's power plants if the Strait of Hormuz stays closed. Tehran responded by vowing to destroy Gulf energy infrastructure.