Mar 30oil
Houthis open second front, threaten to shut Bab el-Mandeb strait
Houthi missiles targeted Israel as the group warned it may close Bab el-Mandeb, threatening to block both major Middle East oil chokepoints at once.
Energy Market News
Latest news and analysis on oil, gas, and commodity markets
Mar 29market
Airlines warn jet fuel could run dry within weeks
Jet fuel prices have nearly doubled since February as the Iran war chokes supply routes. Airlines are cutting flights and warning reserves may not last past May.
Mar 28analysis
Oil's rare 'smiley face' futures curve bets the Iran war ends soon
The oil futures curve has bent into a shape seen less than 1% of the time, with Brent at $113 for July but just $80 for December. A historic bet on peace.
Mar 27oil
Seven Russian oil tankers flip from China to India after US opens 30-day window
At least seven tankers carrying Russian crude changed course mid-voyage from China to India after the US Treasury issued a 30-day sanctions waiver to ease global supply pressures.
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.
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.